<SEC-DOCUMENT>0001104659-21-068451.txt : 20210518
<SEC-HEADER>0001104659-21-068451.hdr.sgml : 20210518
<ACCEPTANCE-DATETIME>20210517212656
ACCESSION NUMBER:		0001104659-21-068451
CONFORMED SUBMISSION TYPE:	20-F/A
PUBLIC DOCUMENT COUNT:		21
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210518
DATE AS OF CHANGE:		20210517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grupo Supervielle S.A.
		CENTRAL INDEX KEY:			0001517399
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		20-F/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37777
		FILM NUMBER:		21933521

	BUSINESS ADDRESS:	
		STREET 1:		Bartolome Mitre 434, 5th Gloor
		STREET 2:		C1036AAH
		CITY:			Buenos Aires
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		54-11-4340-3100

	MAIL ADDRESS:	
		STREET 1:		Bartolome Mitre 434, 5th Gloor
		STREET 2:		C1036AAH
		CITY:			Buenos Aires
		STATE:			C1
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F/A
<SEQUENCE>1
<FILENAME>tm214268d6_20fa.htm
<DESCRIPTION>FORM 20-F/A
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><B><FONT STYLE="font-size: 10pt"><BR>
</FONT>Washington, D.C. 20549</B></P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;20-F/A</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No.&nbsp;1)</B></P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION&nbsp;13<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the fiscal year ended: December&nbsp;31,
2020</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission file number 001-37777</B></P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 24pt"><B>GRUPO
SUPERVIELLE S.A.</B></FONT><B><FONT STYLE="font-size: 10pt"><BR>
</FONT>(Exact name of Registrant as specified in its charter)</B></P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUPERVIELLE GROUP S.A.<BR>
(Translation of Registrant&rsquo;s name into English)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPUBLIC OF ARGENTINA<BR>
(Jurisdiction of incorporation or organization)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bartolom&eacute; Mitre 434<BR>
C1036AAH Buenos Aires<BR>
Republic of Argentina<BR>
(Address of principal executive offices)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Mariano Biglia<BR>
Bartolom&eacute; Mitre 434<BR>
C1036AAH Buenos Aires</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Republic of Argentina<BR>
Tel: 54-11-4340-3123<BR>
Email: mariano.biglia@supervielle.com.ar<BR>
(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities registered or to be registered pursuant
to Section&nbsp;12(b)&nbsp;of the Act.</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 31%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Title of each
    class</B></P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 27%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Trading<BR>
    Symbol(s)</B></P></TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 31%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Name of each
    exchange<BR>
    on which registered</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">American Depositary Shares, each representing 5 Class&nbsp;B shares of Grupo Supervielle S.A.&#9;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SUPV</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class&nbsp;B shares of Grupo Supervielle S.A.&#9;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SUPV</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange*</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*Not for trading, but only in connection with the
registration of American Depositary Shares pursuant to the requirements of the New York Stock Exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities registered or to be registered pursuant
to Section&nbsp;12(g)&nbsp;of the Act: None</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities for which there is a reporting obligation
pursuant to Section&nbsp;15(d)&nbsp;of the Act: None</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The number of outstanding
shares of each of the issuer&rsquo;s classes of capital or common stock as of December&nbsp;31, 2020 was:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Title of class</B></P></TD>
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Number of
    shares outstanding</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class&nbsp;B ordinary shares, nominal value Ps.1.00&nbsp;per share&#9;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">394,984,134</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class&nbsp;A ordinary shares, nominal value Ps.1.00&nbsp;per share&#9;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,738,188</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule&nbsp;405 of the Securities Act.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13
or 15(d)&nbsp;of the Securities Exchange Act of 1934.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant: (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d)&nbsp;of the Securities
Exchange Act of 1934 during the preceding 12&nbsp;months (or for such shorter period that the registrant was required to file such reports)
and (2)&nbsp;has been subject to such filing requirements for the past 90&nbsp;days.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule&nbsp;405
of Regulation&nbsp;S-T during the preceding 12&nbsp;months (or for such shorter period that the registrant was required to submit such
files).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or an emerging growth company. See the
definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; and &ldquo;emerging growth company&rdquo; in Rule&nbsp;12b-2
of the Exchange Act.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large&nbsp;accelerated&nbsp;Filer</FONT></TD>
    <TD STYLE="width: 46%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 26%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated&nbsp;Filer</FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 5pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated Filer</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 5pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 5pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging&nbsp;Growth&nbsp;Company</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 5pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards&dagger; provided
pursuant to Section&nbsp;13(a)&nbsp;of the Exchange Act.&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Indicate
by check mark whether the registrant has &filig;led a report on and attestation to its management&rsquo;s assessment of the effectiveness
of its internal control over &filig;nancial reporting under Section&nbsp;404(b)&nbsp;of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by
the registered public accounting &filig;rm that prepared or issued its audit report.&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Indicate by check mark which
basis of accounting the registrant has used to prepare the financial statements included in this filing:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S. GAAP&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 49%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">International Financial Reporting Standards as issued by the International Accounting Standards Board&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 28%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
 &ldquo;Other&rdquo; has been checked in response to the previous question, indicate by check mark which financial statement item the
registrant has elected to follow.&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;17&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule&nbsp;12b-2 of the Exchange
Act).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<!-- Field: Split-Segment; Name: 1 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Grupo
Supervielle (the &ldquo;<B>Group</B>&rdquo;) is filing this Amendment No.&nbsp;1 on Form&nbsp;20-F (this &ldquo;<B>Amendment</B>&rdquo;)
to amend the Group&rsquo;s Annual Report on Form&nbsp;20-F for the fiscal year ended December&nbsp;31, 2020, which was originally filed
with the U.S. Securities and Exchange Commission (the &ldquo;<B>SEC</B>&rdquo;) on April&nbsp;30, 2021 (the &ldquo;<B>Original Filing</B>&rdquo;).&nbsp;
The sole purpose of this Amendment is to amend the exhibits 8.1, 12.1, 12.2 and 13.1 of the Original Filing to include the updated list
of subsidiaries of the Group in Exhibit&nbsp;8.1, and the updated certification of the Chief Executive Officer pursuant to Section&nbsp;302
of the Sarbanes-Oxley Act of 2002, the updated certification of the Chief Financial Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley
Act of 2002 and the updated certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002 in Exhibits 12.1, 12.2 and 13.1, respectively.&nbsp; These exhibits were inadvertently included incorrectly
in the Original Filing due to an administrative error during the EDGAR preparation process.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Except
as described above, this Amendment does not, and does not purport to, amend, modify, update or restate any other information set forth
in the Original Filing. This Amendment is as of the date of the Original Filing and does not reflect events that may have occurred subsequent
to the Original Filing.</P>

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










<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TABLE
OF CONTENTS</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Page</B></FONT></P>

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%; text-align: left; padding-left: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a001">Certain
    Defined Terms and Conventions</A></FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a001">iii</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a002">Presentation
    of Financial and Other Information</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a002">iv</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a003">Forward-Looking
    Statements</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a003">viii</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A HREF="#a004">PART
    I</A></B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a004">1</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a005">Item
    1.&nbsp;&nbsp;&nbsp;Identity of Directors, Senior Management and Advisors</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a005">1</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a006">Item
    2.&nbsp;&nbsp;&nbsp;Offer Statistics and Expected Timetable</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a006">1</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a007">Item
    3.&nbsp;&nbsp;&nbsp;Key Information</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a007">1</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a008">Item
    3.A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selected Financial Data</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a008">1</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a009">Item
    3.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capitalization and indebtedness</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a009">4</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a010">Item
    3.C&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reasons for the offer and use of proceeds</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a010">4</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a011">Item
    3.D&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk Factors</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a011">4</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a012">Item
    4.&nbsp;&nbsp;&nbsp;Information of the Company</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a012">32</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a013">Item
    4.A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;History and development of the Company</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a013">32</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a014">Item
    4.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Overview</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a014">38</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a015">Item
    5.&nbsp;&nbsp;&nbsp;Operating and Financial Review and Prospects</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a015">179</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a016">Item
    5.A&nbsp;&nbsp;&nbsp;&nbsp;Operating Results</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a016">179</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a017">Item
    5.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liquidity and Capital Resources</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a017">228</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a018">Item
    5.C&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and Development, patents and licenses, etc.</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a018">235</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a019">Item
    5.D&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trend Information</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a019">235</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a020">Item
    5.E&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Off-balance sheet arrangements</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a020">238</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a021">Item
    5.F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contractual Obligations</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a021">239</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a022">Item
    5.G&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safe Harbor</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a022">239</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a023">Item
    6.&nbsp;&nbsp;&nbsp;Directors, Senior Management and Employees</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a023">240</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a024">Item
    7.&nbsp;&nbsp;&nbsp;Shareholders and Related Party Transactions</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a024">277</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a025">Item
    7.A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Major Shareholders</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a025">277</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a026">Item
    7.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related Party Transactions</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a026">278</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a027">Item
    7.C&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Experts and Counsel</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a027">281</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a028">Item
    8.&nbsp;&nbsp;&nbsp;Financial Information</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a028">281</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a029">Item
    8.A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Statements and Other Financial Information.</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a029">281</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a030">Item
    8.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant Changes</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a030">285</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><A HREF="#a031"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
    9.&nbsp;&nbsp;&nbsp;The Offer and Listing</FONT></A></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a031">285</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a032">Item
    9.A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Offer and Listing Details</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a032">285</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a033">Item
    9.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plan of Distribution</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a033">285</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a034">Item
    9.C&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Markets</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a034">285</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a035">Item
    9.D&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling Shareholders</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a035">286</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a036">Item
    9.E&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dilution</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a036">286</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#va_001">Item 9.F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses of the Issue</A></FONT><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><A HREF="#va_001">286</A></FONT></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in; width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a038">Item 10.&nbsp;&nbsp;&nbsp;Additional Information</A></FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a038">286</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a039">Item 10.A&nbsp;&nbsp;&nbsp;Share Capital</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a039">286</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a040">Item 10.B&nbsp;&nbsp;&nbsp;Memorandum and Articles of Association</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a040">286</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a041">Item 10.C&nbsp;&nbsp;&nbsp;Material Contracts</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a041">286</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a042">Item 10.D&nbsp;&nbsp;&nbsp;Exchange Controls</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a042">286</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a043">Item 10.E&nbsp;&nbsp;&nbsp;Taxation</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a043">308</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a044">Item 10.F&nbsp;&nbsp;&nbsp;&nbsp;Dividends and Paying Agents</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a044">327</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a045">Item 10.G&nbsp;&nbsp;&nbsp;Statement by Experts</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a045">327</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a046">Item 10.H&nbsp;&nbsp;&nbsp;Documents on Display</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a046">327</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a047">Item 10.I&nbsp;&nbsp;&nbsp;&nbsp;Subsidiary Information</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a047">327</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a048">Item 11.&nbsp;&nbsp;&nbsp;Quantitative and Qualitative Disclosures about Market Risk</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a048">327</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a049">Item 12.&nbsp;&nbsp;&nbsp;Description of Securities Other Than Equity Securities</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a049">334</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a050">Item 12.A&nbsp;&nbsp;&nbsp;Debt Securities</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a050">334</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a051">Item 12.B&nbsp;&nbsp;&nbsp;Warrants and Rights</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a051">334</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a052">Item 12.C&nbsp;&nbsp;&nbsp;Other Securities</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a052">334</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a053">Item 12.D&nbsp;&nbsp;&nbsp;American Depositary Shares</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a053">334</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A HREF="#a054">PART II</A></B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a054">337</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a055">Item 13.&nbsp;&nbsp;&nbsp;Defaults, Dividend Arrearages and Delinquencies</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a055">337</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a056">Item 14.&nbsp;&nbsp;&nbsp;Material Modifications to the Rights of Security Holders and Use of Proceeds</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a056">337</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a057">Item 15.&nbsp;&nbsp;&nbsp;Controls and Procedures</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a057">337</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><A HREF="#m_001">Item 16. [ Reserved]</A></TD>
    <TD STYLE="text-align: right"><A HREF="#m_001">338</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a058">Item 16.A&nbsp;&nbsp;&nbsp;Audit committee financial expert</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a058">338</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a059">Item 16.B&nbsp;&nbsp;&nbsp;Code of Ethics</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a059">338</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a060">Item 16.C&nbsp;&nbsp;&nbsp;Principal Accountant Fees and Services</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a060">339</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a061">Item 16.D&nbsp;&nbsp;&nbsp;Exemptions from the Listing Standards for Audit Committees</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a061">339</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a062">Item 16.E&nbsp;&nbsp;&nbsp;Purchases of Equity Securities by the Issuer and Affiliated Purchasers</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a062">340</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a063">Item 16.F&nbsp;&nbsp;&nbsp;Change in Registrant&rsquo;s Certifying Accountant</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a063">340</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a064">Item 16.G&nbsp;&nbsp;&nbsp;Corporate Governance</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a064">340</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 22.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a065">Item 16.H&nbsp;&nbsp;&nbsp;Mine Safety Disclosure</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a065">346</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 22.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a066">Item 17.&nbsp;&nbsp;&nbsp;Financial Statements</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a066">346</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a067">Item 18.&nbsp;&nbsp;&nbsp;Financial Statements</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a067">347</A></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.15in"><A HREF="#d_001">Item 19.&nbsp;&nbsp;&nbsp;Exhibit Index</A></TD>
    <TD STYLE="text-align: right"><A HREF="#d_001">347</A></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INTRODUCTION</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a001"></A>Certain
Defined Terms and Conventions</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
this annual report, we use the terms &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our&rdquo; and the &ldquo;Group&rdquo; to refer
to Grupo Supervielle S.A. and its consolidated subsidiaries, including Banco Supervielle S.A., unless otherwise indicated. References
to &ldquo;Grupo Supervielle&rdquo; mean Grupo Supervielle S.A. References to the &ldquo;Bank&rdquo; mean Banco Supervielle S.A.
and its consolidated subsidiaries. References to &ldquo;Tarjeta&rdquo; mean Tarjeta Autom&aacute;tica S.A. References to &ldquo;SAM&rdquo;
mean Supervielle Asset Management S.A. References to &ldquo;Sofital&rdquo; mean Sofital S.A.F.e I.I. References to &ldquo;CCF&rdquo;
mean Cordial Compa&ntilde;&iacute;a Financiera S.A., which has filed to change its name to IUD&Uacute; Compa&ntilde;&iacute;a
Financiera S.A. References to &ldquo;Supervielle Seguros&rdquo; mean Supervielle Seguros S.A. References to &ldquo;Espacio Cordial&rdquo;
or &ldquo;Cordial Servicios&rdquo; mean Espacio Cordial Servicios S.A. References to &ldquo;InvertirOnline&rdquo; mean InvertirOnline
S.A.U. and InvertirOnline.com Argentina S.A.U. References to &ldquo;MILA&rdquo; mean Micro Lending S.A.U. References to &ldquo;Supervielle
Productores Asesores de Seguros&rdquo; mean Supervielle Productores Asesores de Seguros S.A. References to &ldquo;Supervielle
Agente de Negociacion&rdquo; mean Futuros del Sur S.A. References to &ldquo;Bolsillo Digital&rdquo; mean Bolsillo Digital S.A.U.
References to &ldquo;Easy Cambio&rdquo; mean Easy Cambio S.A.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">References
to &ldquo;Class&nbsp;A shares&rdquo; are to shares of our Class&nbsp;A common stock, with a par value of Ps.1.00 per share, references
to &ldquo;Class&nbsp;B shares&rdquo; are to shares of our Class&nbsp;B common stock, with a par value of Ps.1.00 per share, and
references to &ldquo;ADSs&rdquo; are to American depositary shares, each representing five Class&nbsp;B shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
term &ldquo;Argentina&rdquo; refers to the Republic of Argentina. The terms &ldquo;Argentine government,&rdquo; the
 &ldquo;government&rdquo; or the &ldquo;Government&rdquo; refers to the Federal Government of Argentina, the term &ldquo;Central
Bank&rdquo; refers to the <I>Banco Central de la Rep&uacute;blica Argentina</I>, or the Argentine Central Bank, and the term
 &ldquo;CNV&rdquo; refers to the Argentine <I>Comisi&oacute;n Nacional de Valores</I>, or the Argentine securities and capital
markets regulator. The term &ldquo;ByMA&rdquo; refers to the exchange Bolsas y Mercados Argentinos S.A. The term &ldquo;MAE&rdquo;
refers to the exchange Mercado Abierto Electr&oacute;nico S.A. The term &ldquo;Argentine Capital Markets Law&rdquo; refers to Law
No.&nbsp;26,831, as amended and supplemented. The term &ldquo;Argentine Negotiable Obligations Law&rdquo; refers to Law
No.&nbsp;23,576, as amended and supplemented. The term &ldquo;AGCL&rdquo; refers to Argentine General Corporations Law
No.&nbsp;19,550, as amended and supplemented. The term &ldquo;Argentine Productive Financing Law&rdquo; refers to Law
No.&nbsp;27,440.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Argentine
GAAP&rdquo; refers to generally accepted accounting principles in Argentina and &ldquo;Argentine Banking GAAP&rdquo; refers to
the accounting rules of the Central Bank. &ldquo;IFRS&rdquo; refers to the International Financial Reporting Standards, as issued
by the International Accounting Standards Board (&ldquo;IASB&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
term &ldquo;GDP&rdquo; refers to gross domestic product and all references in this annual report to GDP growth are to real GDP
growth, the term &ldquo;CPI&rdquo; refers to the consumer price index and the term &ldquo;WPI&rdquo; refers to the wholesale price
index.</FONT></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
term &ldquo;customers&rdquo; refers to individuals or entities that have at least one of our products without any requirement
of customer activity during any time period. The term &ldquo;active customer&rdquo; refers to customers that had activity in the
previous 90 days.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
the context otherwise requires, the term &ldquo;financial institutions&rdquo; refers to institutions regulated by the Central
Bank. The term &ldquo;Argentine banks&rdquo; refers to banks that operate in Argentina. The term &ldquo;Argentine private banks&rdquo;
refers to banks that are not controlled or owned by the Argentine Federal Government or any Argentine provincial, municipality
or city government.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information from January&nbsp;1, 2018 to December 31, 2018, the term &ldquo;small businesses&rdquo; refers to individuals and
businesses with annual sales up to Ps.70.0&nbsp;million, the term &ldquo;SMEs&rdquo; refers to individuals and businesses with
annual sales over Ps.70.0&nbsp;million and below Ps.550.0&nbsp;million, the term &ldquo;middle-market companies&rdquo; refers
to companies with annual sales over Ps.550.0&nbsp;million and below Ps.2.0&nbsp;billion and the term &ldquo;large corporates&rdquo;
refers to companies with annual sales over Ps.2.0&nbsp;billion. For information from January&nbsp;1, 2019 to December 31, 2020,
the term &ldquo;small businesses&rdquo; refers to individuals and businesses with annual sales up to Ps.100&nbsp;million, the
term &ldquo;SMEs&rdquo; refers to individuals and businesses with annual sales over Ps.100&nbsp;million and below Ps.700&nbsp;million,
the term &ldquo;middle-market companies&rdquo; refers to companies with annual sales over Ps.700&nbsp;million and below Ps.2.5&nbsp;billion
and the term &ldquo;large corporates&rdquo; refers to companies with annual sales over Ps.2.5&nbsp;billion. For information since
January&nbsp;1, 2021, the term &ldquo;small businesses&rdquo; refers to individuals and businesses with annual sales up to Ps.300
million, the term &ldquo;SMEs&rdquo; refers to individuals and businesses with annual sales over Ps.300 million and below Ps.1.5
billion, the term &ldquo;middle-market companies&rdquo; refers to companies with annual sales over Ps.1.5 billion and below Ps.3
billion and the term &ldquo;large corporates&rdquo; refers to companies with annual sales over Ps.3 billion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a002"></A>Presentation
of Financial and Other Information</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
Statements</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
annual report contains our audited consolidated financial statements as of December, 2020 and 2019, and for the years ended December&nbsp;31,
2020, 2019 and 2018 (our &ldquo;audited consolidated financial statements&rdquo;), which have been audited by Price Waterhouse&nbsp;&amp;
Co. S.R.L., Buenos Aires, Argentina, a member firm of PricewaterhouseCoopers, an independent registered public accounting firm
(&ldquo;Price Waterhouse&nbsp;&amp; Co.&rdquo;), whose report is included herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have prepared our audited consolidated financial statements under IFRS for the first time for our financial year ended December&nbsp;31,
2018, with a transition date of January 1, 2017.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Financial
Reporting in Hyperinflationary Economies&rdquo; (IAS 29) requires that the financial statements of an entity whose functional
currency is one of a hyperinflationary economy be measured in terms of the current unit of measurement at the closing date of
the reporting period, regardless of whether they are based on the historical cost method or the current cost method. This requirement
also includes the comparative information in financial statements. Our audited consolidated financial statements are stated in
the measurement unit current as of December 31, 2020.</FONT></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iv<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to conclude whether an economy is categorized as highly inflationary, IAS 29 outlines a series of factors to be considered,
including the existence of an accumulated inflation rate in three years that is approximate or exceed 100%. As of July&nbsp;1,
2018, Argentina reported a cumulative three-year inflation rate higher than 100% and therefore financial information published
as from that date must be adjusted for inflation in accordance with IAS 29. Therefore, we have applied IAS 29 to our audited consolidated
financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
January 1, 2019, we adopted IFRS 16 &ldquo;Leases&rdquo; using the simplified retrospective approach, so that the cumulative impact
of the adoption was recognized in retained earnings at the beginning of the year starting on January 1, 2019, and the comparative
figures were consequently not modified. Accordingly, certain comparisons between periods may be affected. See Note 7 to our audited
consolidated financial statements for a more comprehensive discussion of the effects of the adoption by the Group of this and
other new standards.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are subject to the provisions of Article 2 &ndash; Section I &ndash; Chapter I of Title IV: Periodical Reporting Requirements
of the rules issued by the CNV according to General Resolution No. 622/2013, as amended and supplemented (the &ldquo;CNV Rules&rdquo;)
and we are required to present our financial statements in accordance with the valuation and disclosure criteria set forth by
the Argentine Central Bank. The Argentine Central Bank, through Communications &ldquo;A&rdquo; 5541, as amended, set forth a convergence
plan towards the application of IFRS as issued by the IASB and the interpretations issued by the International Financial Reporting
Standards Committee (&ldquo;IFRIC&rdquo;), for entities under its supervision, effective for fiscal years beginning on or after
January 1, 2018. The convergence plan had two exceptions to the application of IFRS: (i) item 5.5 (Impairment) of IFRS 9 &ldquo;Financial
Instruments,&rdquo; and (ii) IAS 29 &ldquo;Financial Reporting in Hyperinflationary Economies,&rdquo; both of which were waived
until January 1, 2020, at which time entities will be required to apply the provisions of IFRS in full. Through Communications
 &ldquo;A&rdquo; 6847 and 6938, the Argentine Central Bank excluded the financial instruments of the public sector from the requirement
of IFRS 9 and carried over the first exception for financial entities within groups &ldquo;B&rdquo; and &ldquo;C,&rdquo; as these are defined by the Central Bank,<SUP>
</SUP>until January 1, 2022. We presented our local financial statements under these rules on March 8, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
consolidated financial statements contained in this annual report differ in certain material respects from our financial statements
as of December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019, 2018 and 2017 prepared in accordance with
Argentine Banking GAAP and filed with the CNV.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
otherwise indicated, all financial information of our company included in this annual report is stated on a consolidated basis
under IFRS and presented in terms of the measuring unit current at the end of the latest reporting period.</FONT></P>

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



<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->v<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Overview
of IAS 29</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to IAS 29, the financial statements of an entity whose functional currency is that of a highly inflationary economy, as mentioned
above, should be reported measured in terms of the measuring unit current as of the date of the financial statements. All the
amounts included in the statement of financial position which are not stated in terms of the measuring unit current as of the
date of the financial statements should be restated adjusted applying the general price index. All items in the statement of income
should be stated in terms of the measuring unit current as of the date of the financial statements, applying the changes in the
general price index occurred from the date on which the revenues and expenses were originally recognized in the financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment
for inflation in the initial balances has been calculated considering the indexes based on the price indexes published by the
National Institute of Statistics and Census (<I>Instituto Nacional de Estad&iacute;stica y Censos</I> or &ldquo;INDEC,&rdquo;
per its initials in Spanish).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
principal inflation adjustment procedures are the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Monetary
                                         assets and liabilities that are recorded in the current currency as of the financial
                                         position&rsquo;s closing date are not restated because they are already stated in terms
                                         of the currency unit current as of the date of the financial statements.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-monetary
                                         assets and liabilities are recorded at cost as of the financial position date, and equity
                                         components are restated applying the relevant adjustment ratios.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
                                         items in the consolidated income statement are restated applying the relevant conversion
                                         factors, as described in Note 1.1.2&nbsp;to our consolidated financial statements contained
                                         in this annual report.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         effect of inflation in the Group&rsquo;s net monetary position is included in the consolidated
                                         income statement, in the item &ldquo;Results from exposure to changes in the purchasing
                                         power of money.&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Comparative
                                         figures have been adjusted for inflation following the procedure explained in the previous
                                         bullets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
                                         initially applying inflation adjustment, the equity accounts were restated as follows:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital
                                         stock was restated as from the date of subscription or the date of the most recent inflation
                                         adjustment for accounting purposes, whichever is later.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         resulting amount was included in the &ldquo;Results from exposure to changes in the purchasing
                                         power of money&rdquo; account.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->vi<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consolidated
                                         Statement of Comprehensive Income were restated as from each accounting allocation.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         legal reserve and other reserves in the statement of income were not restated as of the
                                         initial application date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
Financial Data</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
term &ldquo;ROAE&rdquo; refers to return on average shareholders&rsquo; equity, calculated based on daily averages. The term &ldquo;ROAA&rdquo;
refers to return on average assets, calculated based on daily averages. ROAE and ROAA are frequently used by financial institutions
as benchmarks to measure profitability compared to peers but not as benchmarks to determine returns for investors, which is affected
by multiple factors that ROAE and ROAA do not consider.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currencies
and Rounding</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
terms &ldquo;U.S. dollar&rdquo; and &ldquo;U.S. dollars&rdquo; and the symbol &ldquo;U.S.$&rdquo; refer to the legal currency
of the United States. The terms &ldquo;Peso&rdquo; and &ldquo;Pesos&rdquo; and the symbol &ldquo;Ps.&rdquo; refer to the legal
currency of Argentina.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have translated certain of the Peso amounts contained in this annual report into U.S. dollars for convenience purposes only. Unless
otherwise indicated, the rate used to translate such amounts as of December&nbsp;31, 2020 was Ps.84.15 to U.S.$1.00, which was
the reference exchange rate reported by the Central Bank for U.S. dollars as of December&nbsp;30, 2020. The Federal Reserve Bank
of New York does not report a noon buying rate for Pesos. The U.S. dollar equivalent information presented in this annual report
is provided solely for the convenience of investors and should not be construed as implying that the Peso amounts represent, or
could have been or could be converted into, U.S. dollars at such rates or at any other rate. The reference exchange rate reported
by the Central Bank was Ps.93.34 per U.S.$1.00 as of April&nbsp;27, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
figures included in this annual report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain
tables may not be an arithmetic aggregation of the figures that precede them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Market
Share and Other Information</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
make statements in this annual report about our competitive position and market share in, and the market size of, the Argentine
banking industry. We have made these statements on the basis of statistics and other information derived from the Central Bank&rsquo;s
publications and other third-party sources that we believe are reliable. Although we have no reason to believe any of this information
or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share
and market size or market growth data provided by third parties or by industry or general publications.</FONT></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->vii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a003"></A>Forward-Looking
Statements</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
annual report contains estimates and forward-looking statements, principally in &ldquo;<I>Item 3.D Risk Factors</I>,&rdquo; &ldquo;<I>Item
5.A Operating Results</I>,&rdquo; and &ldquo;<I>Item 4.B Business Overview</I>.&rdquo; We have based these forward-looking statements
largely on our current beliefs, expectations and projections about future courses of action, events and financial trends affecting
our business. Many important factors, in addition to those discussed elsewhere in this annual report, could cause our actual results
to differ substantially from those anticipated in our forward-looking statements, including, among others:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         ongoing Novel Coronavirus 2019 (&ldquo;COVID-19&rdquo;) pandemic and government measures to contain the virus,
                                         which have disrupted and continue to disrupt economic activity globally and in Argentina;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
                                         in general economic, financial, business, political, legal, social or other conditions
                                         in Argentina, including the performance of the Fern&aacute;ndez administration, or elsewhere
                                         in Latin America or changes in either developed or emerging markets;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         effects of the Argentine government&rsquo;s ongoing restructuring of the country&rsquo;s
                                         sovereign debt with the International Monetary Fund (&ldquo;IMF&rdquo;);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">fluctuations
                                         in the exchange rate of the Peso and inflation;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
                                         in foreign exchange regulations and exchange control measures implemented by the Central
                                         Bank and the Argentine government;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
                                         in interest rates and the cost of deposits, which may, among other things, affect margins;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">unanticipated
                                         increases in financing or other costs or the inability to obtain additional debt or equity
                                         financing on attractive terms, which may limit our ability to fund existing operations
                                         and to finance new activities;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
                                         in capital markets in general that may affect policies or attitudes toward lending to
                                         or investing in Argentina or Argentine companies, including expected or unexpected volatility
                                         in domestic and international financial markets;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
                                         in government regulation, including tax and banking regulations;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adverse
                                         legal or regulatory disputes or proceedings;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">credit
                                         and other risks of lending, such as increases in defaults by borrowers;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">exposure
                                         to Argentine government liabilities and fluctuations and declines in the value of Argentine
                                         public debt;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increased
                                         competition in the banking, financial services, credit card services, asset management
                                         and related industries;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
                                         loss of market share by any of our main businesses;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increase
                                         in the allowances for loan losses;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->viii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">technological
                                         changes or an inability to implement new technologies, changes in consumer spending and
                                         saving habits;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ability
                                         to implement our business strategy; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xviii)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">other
                                         factors discussed under &ldquo;<I>Item 3.D Risk Factors</I>&rdquo; in this annual report.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
words &ldquo;believe,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;aim,&rdquo; &ldquo;estimate,&rdquo; &ldquo;continue,&rdquo;
 &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;expect,&rdquo; &ldquo;forecast&rdquo; and similar words are intended to
identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future
results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities,
the effects of future regulation and the effects of competition. Forward-looking statements speak only as of the date they were
made, and we do not undertake any obligation to update publicly or to revise any forward-looking statements after we distribute
this annual report because of new information, future events or other factors, except as required by applicable law. In light
of the risks and uncertainties described above, the forward-looking events and circumstances discussed in this annual report might
not occur and do not constitute guarantees of future performance. Because of these uncertainties, you should not make any investment
decisions based on these estimates and forward-looking statements.</FONT></P>


<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ix<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a004"></A>PART
I</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            1.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a005"></A>Identity
of Directors, Senior Management and Advisors</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            2.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a006"></A>Offer
Statistics and Expected Timetable</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            3.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a007"></A>Key
Information</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            3.A</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a008"></A>Selected
Financial Data</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following selected consolidated financial data should be read in conjunction with our audited consolidated financial statements and
related notes beginning on page&nbsp;F-1, the &ldquo;Presentation of Financial and Other Information&rdquo; section and the
discussion in Item 5 &ldquo;Item 5.A Operating Results&rdquo; included elsewhere in this annual report. The selected consolidated
statement of income data for the years ended December&nbsp;31, 2020, 2019, 2018 and 2017 and the selected consolidated statement of
financial position data as of December&nbsp;31, 2020 and 2019 have been derived from our audited consolidated financial statements
included in this annual report which have been audited by Price Waterhouse&nbsp;&amp; Co. S.R.L., member firm of
PricewaterhouseCoopers an independent registered public accounting firm. The selected consolidated statement of income data for the
year ended December 31, 2017 and the selected consolidated statement of financial position data as of December&nbsp;31, 2018 and
2017 have been derived from our audited consolidated financial statements that are not included in this annual report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
consolidated financial statements were prepared and presented in accordance with IFRS. We applied IFRS for the first time for
the year ended December&nbsp;31, 2018, with a transition date of January&nbsp;1, 2017.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
consolidated financial statements are presented in Argentine Pesos which is our functional currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS
29 establishes the conditions under which an entity shall restate its financial statements if it is located in an economic environment
considered hyperinflationary. This standard requires that the financial statements of an entity that reports in the currency of
a highly inflationary economy shall be stated in terms of the measuring unit current at the closing date of the latest reporting
period, regardless of whether they are based on a historical cost approach or a current cost approach. To this end, in general
terms, the inflation rate must be computed in the non-monetary items as from the acquisition date or the revaluation date, as
applicable. These requirements also comprise the comparative information of the financial statements. Accordingly, the following
selected consolidated financial data is stated in the measuring unit current as at December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Solely
for convenience of the reader, we have translated certain Peso amounts as of and for the year ended December&nbsp;31, 2020 into
U.S. dollars at the reference exchange rate reported by the Central Bank as of December&nbsp;31, 2020 which was Ps.84.15 to U.S.$1.00.
U.S. dollar equivalent information should not be construed to imply that the Peso amounts represent, or could have been or could
be converted into, U.S. dollars at such rates or any other rate.</FONT></P>

<!-- Field: Page; Sequence: 11; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
consolidated financial statements contained in this annual report differ in certain material respects from our financial statements
as of December&nbsp;31, 2020 and 2019 and for the years ended December&nbsp;31, 2020, 2019, 2018 and 2017 prepared in accordance
with Argentine Banking GAAP and filed with the CNV.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>For the year ended December 31,</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2018</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2017</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>US$</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(in thousands of Pesos or U.S. dollars, as indicated)</I></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Consolidated Income Statement Data IFRS:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; text-align: left; padding-left: 0.125in">Interest income </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">768,909</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">64,699,880</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">60,983,625</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">63,700,230</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">46,628,865</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Interest expenses </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(339,633</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(28,578,388</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(47,531,377</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(36,468,510</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,402,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Net interest income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">429,276</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">36,121,492</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,452,248</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27,231,720</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>29,226,072</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Net income from financial instruments at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,403</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,315,582</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,536,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,215,705</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,425,590</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Result from derecognition of assets measured at amortized cost </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,808</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">657,019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&mdash;</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&mdash;</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&mdash;</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Exchange rate difference on gold and foreign currency </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,651</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,064,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(441,191</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,359,639</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">823,288</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><B>Net Income from Financial instruments and Exchange
    Rate Differences</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>59,862</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>5,037,146</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>28,095,191</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>15,575,344</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>8,248,878</B></P></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Net Financial Income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">489,138</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,158,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,547,439</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42,807,064</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>37,474,950</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Services fee income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">136,595</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,493,824</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,707,556</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,414,260</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,699,146</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Services fee expense </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(42,169</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,548,269</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,054,954</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,970,070</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,555,920</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Income from insurance activities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">19,864</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,671,455</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,896,923</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,777,345</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,883,790</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><B>Net Service Fee Income</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>114,290</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>9,617,010</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>10,549,525</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>11,221,535</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>12,027,016</B></P></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Subtotal </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">603,428</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">50,775,648</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">52,096,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">54,028,599</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>49,501,966</B></P></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Result from exposure to changes in the purchasing power of the currency </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(50,987</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,290,328</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,296,543</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,597,117</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,426,822</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Other operating income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44,916</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,779,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,751,037</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,180,332</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,849,342</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Loan loss provisions </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(102,384</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,615,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,533,018</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,846,363</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,446,636</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><B>Net operating income</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>494,973</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>41,649,711</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>38,018,440</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>35,765,451</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>39,477,850</B></P></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Personnel expenses  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(216,018</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,176,866</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,283,346</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,384,833</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,296,158</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Administration expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(122,628</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,318,557</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,310,666</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,729,051</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,300,797</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Depreciations and impairment of non-financial assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28,606</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,407,028</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,470,504</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(905,545</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,302,619</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Other operating expenses </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(78,136</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,574,779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,656,215</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,030,424</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,705,568</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><B>Operating income (loss)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>49,585</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>4,172,481</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(2,702,291</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(4,284,402</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>872,708</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Income / (Loss) before taxes </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">49,585</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,172,481</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,702,291</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4,284,402</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">872,708</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Income tax </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,983</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(671,707</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(229,663</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,117,088</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,454,435</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Net income / (loss) for the year </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,602</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,500,774</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,931,954</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6,401,490</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(1,581,727</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Net income / (loss) for the year attributable to parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,591</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,499,882</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,929,201</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,341,497</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,579,864</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Net income / (loss) for the year attributable to non&ndash;controlling interest </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">892</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,753</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(59,993</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,863</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total other comprehensive income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,551</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">803,693</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(65,123</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">505,922</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">98,184</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Other comprehensive income attributable to parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,542</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">802,914</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(64,940</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">505,396</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">98,157</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Other comprehensive income attributable to non&ndash;controlling interest  </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">9</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(183</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">27</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Total comprehensive income (loss) </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">51,155</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,304,467</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,997,077</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(5,895,568</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(1,483,543</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Total comprehensive income attributable to parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,135</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,302,796</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,994,141</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,836,101</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,481,707</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Total comprehensive income attributable to non&ndash;controlling interest  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,671</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,936</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(59,467</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,836</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As of December 31,</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2018</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2017</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>US$</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(in thousands of Pesos or U.S. dollars, as indicated)</I></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left">Cash and due from banks </TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">435,853</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">36,674,869</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">35,945,335</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">70,551,281</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">34,314,675</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Cash </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,029</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,792,522</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,913,814</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,030,991</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,396,947</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Financial institutions and correspondents </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">283,824</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23,882,347</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24,031,521</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">60,520,290</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24,917,728</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine Central Bank  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">233,213</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,623,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,683,569</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,359,874</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,798,801</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Other local financial institutions  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,801</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,106,336</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,307,232</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,138,638</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,963,937</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Others  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,810</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,720</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,778</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154,990</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Debt Securities at fair value through profit or loss </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">117,320</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">773,961</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">31,649,050</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35,263,386</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Derivatives </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,711</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">143,944</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">350,680</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">33,349</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">83,227</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Reverse Repo transactions </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">265,669</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">22,354,735</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,358,041</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Other financial assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">50,927</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,285,221</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,854,686</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,556,206</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,002,814</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Loans and other financing  </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,252,542</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">105,395,186</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">119,817,347</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">161,696,402</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">182,430,239</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">To the non-financial public sector </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">280</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,530</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,307</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68,697</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,825</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">To the financial sector </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,062</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87,841</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">834,679</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,228,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">To the non-financial private sector and foreign residents </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,252,119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,359,594</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">119,690,199</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,793,026</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">181,101,414</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Other debt securities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">485,590</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">40,859,975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,238,340</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,028,655</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,109,742</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Financial assets pledged as collateral </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">58,291</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,904,935</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,261,336</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,203,681</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,023,577</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Current income tax assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">139,487</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,239,937</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">377,930</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Inventories </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">843</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">70,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">60,521</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">146,429</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">327,349</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Investments in equity instruments </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,382</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">116,328</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">19,848</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">21,789</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">144,256</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Property, plant and equipment </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">84,421</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,103,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,448,454</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,573,357</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,315,378</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Investment property </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">71,281</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,997,945</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,520,143</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">865,687</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">601,210</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Intangible assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">80,605</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6,782,538</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,919,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,677,261</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">962,156</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Deferred income tax assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">39,407</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,315,885</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,275,175</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,721,119</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,423,044</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Non-current assets held for sale </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,864</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><B>Other non-financial assets</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>16,080</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,352,880</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,795,477</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,861,081</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>1,473,232</B></P></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Total Assets  </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,961,922</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">296,831,148</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">283,210,256</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic">Average Assets</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">3,046,602</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">256,356,321</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">272,626,702</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">325,617,464</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">264,967,571</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Deposits </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,123,021</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">178,641,594</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">121,176,255</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">198,760,086</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">174,422,352</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Non-financial public sector </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">94,019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,911,255</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,447,131</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,258,016</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,083,497</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Financial sector </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,416</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,253</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,851</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,552</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Non-financial private sector and foreign residents  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,028,320</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">170,672,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,690,871</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,449,219</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">155,290,303</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities at fair value through profit or loss </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23,792</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,002,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">258,060</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">561,448</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Derivatives </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,995</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">197,328</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Repo transactions  </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">435,401</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Other financial liabilities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">89,475</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,528,889</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">12,409,984</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,936,807</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">12,093,554</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Financing received from the Argentine Central Bank and other financial
    institutions </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">69,550</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,852,292</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">12,276,610</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">16,823,037</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,902,349</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Unsubordinated debt securities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">50,232</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,226,748</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,286,163</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">19,491,854</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">26,558,104</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Current income tax liability </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">15,310</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,288,267</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,657,148</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,550,755</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Subordinated debt securities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,554</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,140,469</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,886,028</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,898,105</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,120,799</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Provisions </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,094</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">681,092</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">921,696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">182,024</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">247,873</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Deferred income tax liabilities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">499</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">689,268</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">467,760</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">62,426</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other non&mdash;financial liabilities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">144,347</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,146,102</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,175,664</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,319,599</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,755,332</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Liabilities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,537,898</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">213,551,458</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">170,515,129</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">261,295,196</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">240,713,544</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic">Average Liabilities</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">2,637,774</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">221,955,479</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">240,835,009</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">286,553,885</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>231,009,734</I></P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Shareholders&rsquo; Equity </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">424,024</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35,679,488</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">31,905,086</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35,535,952</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42,496,712</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Shareholders&rsquo; equity attributable to owners of the parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">423,687</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,651,135</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,878,404</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,506,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,031,151</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Shareholders&rsquo; equity attributable to non-controlling interests  </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,353</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,502</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">465,561</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Total Liabilities And Shareholders&rsquo; Equity </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,961,922</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">296,831,148</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">283,210,256</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic">Average Shareholders&rsquo; Equity </TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">408,828</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">34,400,841</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">31,791,694</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">39,063,579</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>33,957,837</I></P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            3.B</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a009"></A>Capitalization
and indebtedness</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            3.C</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a010"></A>Reasons
for the offer and use of proceeds</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
                            3.D</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a011"></A>Risk
Factors</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
should carefully consider the risks described below, as well as the other information in this annual report. Our business, results
of operations, financial condition or prospects could be materially and adversely affected if any of these risks occurs. In general,
investors take more risk when they invest in the securities of issuers in emerging markets such as Argentina than when they invest
in the securities of issuers in the United States and other more developed markets. The risks described below are those known
to us and that as of the date of this annual report believe may materially affect us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Relating to Argentina</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Substantially
all of our operations, property and customers are located in Argentina. As a result, the quality of our assets, our financial
condition and the results of our operations are dependent upon the macroeconomic, regulatory, social and political conditions
prevailing in Argentina from time to time. These conditions include growth rates, inflation rates, exchange rates, taxes, foreign
exchange controls, changes to interest rates, changes to government policies, social instability, and other political, economic
or international developments either taking place in, or otherwise affecting, Argentina.</FONT></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
ongoing COVID-19 pandemic and government measures to contain the virus adversely affected, and could continue to affect, our business
and results of operations, and, as conditions continue to evolve in 2021, we cannot accurately predict the ultimate impact on
us.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
December&nbsp;2019, COVID-19, a novel strain of coronavirus (SARS-COV-2) causing a severe acute respiratory syndrome, was reported to have surfaced in Wuhan, China. COVID-19 has since spread across the world, including
Argentina, and on March&nbsp;11, 2020, the World Health Organization declared COVID-19 a pandemic. As of April 27, 2020, around 2.9
million cases had been confirmed in Argentina, along with a death toll of approximately 62,000. In response, countries have adopted
extraordinary measures to contain the spread of the virus, including imposing travel restrictions and closing borders, requiring
closures of non-essential businesses, instructing residents to practice social distancing, issuing stay at home orders, implementing
quarantines and similar actions. The ongoing pandemic and these extraordinary government measures have disrupted global economic
activity and resulted in significant volatility in global financial markets. According to the IMF estimates, the global economy
declined 3% in 2020. In turn, Latin America&rsquo;s economy is estimated to have decreased 5.2%, while Argentina&rsquo;s GDP
declined 9.9% according to INDEC. The outbreak of COVID-19 has caused significant social, business, economic and market disruption
globally. While the long-term impact on the global economy and financial markets is still uncertain, it is expected to be
significant, although the accelerated vaccination programs, could lead to a fast global recovery in 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Argentine government
adopted and continues to adopt multiple measures in response to the COVID-19 pandemic, including a nationwide mandatory lockdown that
began on March 19, 2020 and was extended until November 6, 2020, and the mandatory shutdown of businesses not considered essential, including
bank offices, which extended until mid-April 2020. As of the date of this annual report, banks are considered essential businesses and
are permitted to open to provide most services to clients, in each case with prior appointment, provided that certain health and safety
requirements are complied with. At the same time, in order to mitigate the economic impact of the COVID-19 pandemic and mandatory lockdown
and shutdown of non-essential businesses, the Argentine government has adopted social aid, monetary and fiscal measures. On December
29, 2020, the Argentine government started a national vaccination program initially targetted to health professionals. Several vaccines
against COVID-19 have been approved for their administration in Argentina, including Sinopharm, Sputnik V and AstraZeneca. After a period
of relaxation of the aforementioned restrictive measures and following a large rise in the number of infections in the previous weeks,
on April 8, 2021 the government announced a national night-time curfew and additional restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you whether these measures will be sufficient to contain a severe second wave spread of the virus and prevent a
more severe health crisis in Argentina, and if the government will be able to prevent a new economic downturn in 2021, following the
economic recovery experienced in the second half of 2020 and first months of 2021.</FONT></P>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Some of the measures adopted
by the Argentine government adversely affected, and could continue to affect, financial institutions, such as our Group. These temporary
measures have included: (i) postponement of loan payments without punitive interests, (ii) deferral of unpaid loan installments from
April 2020 to March 2021, (iii) prohibiting banks to charge fees for ATM transactions, (iv) freezing mortgage payments and suspending
foreclosures, (v) the automatic refinancing of credit card payments and reduction of the maximum interest rates that can be charged on
credit cards, (vi) imposing a minimum interest rate to be paid on time deposits, (vii) imposing the grant of loans to SMEs at subsidized
rates, and (viii) forbidding bank account closures. Additionally, some of the government measures were aimed at encouraging bank lending,
such as (i) limitations on banks&rsquo; holdings of notes from the Central Bank (LELIQ), in order to make liquidity available and encourage
the provision of credit lines to SMEs, (ii) lowering of reserve requirements on loans to households and SMEs, and (iii) the easing of
bank loan classification rules (providing an additional 60 days of non-payment before a loan is required to be classified as non-performing).
Some of these measures have been lifted and other softened in the first months of 2021, although the majority of them continue in effect.
Moreover, banks dividend distributions are currently suspended until June 30, 2021, and employees&rsquo; layoffs are prohibited until
at least May 31, 2021. For more information on regulations in connection with the COVID-19 pandemic and their impact on our Group, see
 &ldquo;<I>Item 4.B.&mdash;Business Overview&mdash;Argentine Banking Regulations &ndash; Government Measures in Response to the Ongoing
COVID-19 Pandemic</I>&rdquo; and &ldquo;<I>Item 5.A Operating Results &ndash; The Ongoing COVID-19 Pandemic.</I>&rdquo; Although these
measures may help attenuate the economic impact on the Argentine economy overall, they had and may continue to have a negative impact
on our business and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The ongoing COVID-19 pandemic
and government measures taken to contain the spread of the virus have adversely affected, and could continue to affect, our business and
results of operations. Since early stages of the pandemic outbreak, we have transitioned a significant part of our workforce to work remotely,
which continues as of the date of this annual report, and which may exacerbate certain risks to our business, including an increased reliance
on information technology resources, increased risk of phishing and other cybersecurity attacks, and increased risk of unauthorized dissemination
of sensitive personal information. Moreover, we faced and could continue to face various risks arising from the economic impact of the
pandemic and government measures, such as (i) a higher risk of impairment of our assets, (ii) lower as a consequence of the temporary
restrictions on charging certain fees to customers, and as a result of lower interest rates on loans promoted by the Central Bank and
minimum interest rates imposed on deposits, (iii) a possible significant increase in loan defaults and credit losses, with a consequent
increase in loan loss provisions, and (iv) a decrease in credit demand and in our business activity in general, particularly new retail
lending. During 2020 we have updated and enhanced our expected loss models and have created provisions related to COVID-19, thereby increasing
our coverage ratio; however, it is still uncertain how a further spread of the virus could impact in the economy and the ability of our
customers to pay their obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are continuing to monitor
the impact of the ongoing COVID-19 pandemic across our businesses. The ultimate impact of the pandemic on our business, results of operations
and financial condition remains highly uncertain and will depend on future developments outside of our control, including the intensity
and duration of the pandemic, whether new variants of the COVID-19 arise, and the government measures in response of the COVID-19 pandemic,
including the vaccination program. To the extent the COVID-19 pandemic adversely affects our business, it may also have the effect of
heightening many of the other risks described in this &ldquo;Risk Factors&rdquo; section.&nbsp;</P>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
business is largely dependent upon macroeconomic, political, regulatory and social conditions in Argentina.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Substantially
all of our operations, properties and customers are located in Argentina and, as a result, our business is to a large extent dependent
upon macroeconomic, political, regulatory and social conditions prevailing in Argentina. Developments in economic, political,
regulatory and social conditions in Argentina, and measures taken by the Argentine government, have had and are expected to continue
to have a significant impact on our business, results of operations and financial condition. Argentina is an emerging market and
investing in such markets generally carries additional risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine economy has experienced significant volatility in past decades, including multiple periods of low or negative growth
and high levels of inflation and currency depreciation. According to restated information released by Argentina&rsquo;s National
Statistics Institute (<I>Instituto Nacional de Estad&iacute;stica y Censos</I> or &ldquo;INDEC&rdquo; per its acronym in Spanish),
Argentina&rsquo;s real GDP grew by 2.7% in 2015, decreased by 2.1% in 2016, grew by 2.7% in 2017, decreased by 2.5% in 2018, decreased
by 2.2% in 2019. In 2020, Argentina&rsquo;s GDP decreased by 9.9%, due in large part to the effects of the ongoing COVID-19 pandemic.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentine
economic conditions are dependent on a variety of factors, including the following: (i) domestic production, international demand
and prices for Argentina&rsquo;s principal commodity exports; (ii) the competitiveness and efficiency of domestic industries and
services; (iii) the stability and competitiveness of the Argentine peso against foreign currencies; (iv) the rate of inflation;
(v) the government&rsquo;s fiscal deficits; (vi) the government&rsquo;s public debt levels; (vii) foreign and domestic investment
and financing; and (viii) governmental policies and the legal and regulatory environment. Government policies and regulation &ndash;which
at times have been implemented through informal or <I>de facto</I> measures and have been subject to radical shifts&ndash; that
have had a significant impact on the Argentine economy in the past, have included, among others: (i) monetary policy, including
exchange controls, capital controls, high interest rates and a variety of measures to curb inflation; (ii) restrictions on exports
and imports; (iii) price controls; (iv) mandatory wage increases or prohibition of dismissals; (v) taxation; and (vi) government
intervention in the private sector.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legislative
mid-term elections in Argentina will take place in October 2021, by virtue of which one third of the seats in the senate, and
half of the seats in the house of representatives, will be up for election. Political uncertainty in Argentina regarding the policies
that may be adopted in the future by the government could lead to further volatility and adversely affect Argentina&rsquo;s economy.</FONT></P>

<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you that developments in Argentina will not affect macroeconomic, political, regulatory or social conditions in
the country and, consequently, affect our business, result of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
the current levels of inflation continue or increase, the Argentine economy and our financial position and business could be adversely
affected.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, inflation has materially undermined the Argentine economy and Argentina&rsquo;s ability to create conditions that would
permit growth. High inflation may also undermine Argentina&rsquo;s competitiveness abroad and lead to a decline in private consumption
which, in turn, could also affect employment levels, salaries and interest rates. Moreover, a high inflation rate could undermine
confidence in the Argentine financial system, reducing the Peso deposit base and negatively affecting long-term credit markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
INDEC reported a cumulative variation of the CPI of 47.6% for 2018, 53.8% for 2019 and 36.1% for 2020. According to the market
expectations survey published by the Central Bank, this tendency is expected to persist, as expectations for 2021 CPI are around
46%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
can be no assurances that inflation rates will not continue to escalate in the future or that the measures adopted or that may
be adopted by the administration to control inflation will be effective or successful. Inflation remains a challenge for Argentina.
Significant inflation could have a material adverse effect on Argentina&rsquo;s economy and in turn could increase our costs of
operation, in particular labor costs, and may negatively affect our business, financial condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Fluctuations
in the value of the Argentine Peso could adversely affect the Argentine economy.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fluctuations
in the value of the Peso continue to affect the Argentine economy. Since January 2002, the Peso has fluctuated significantly in
value. Persistent high inflation, together with formal and <I>de facto</I> exchange controls, have resulted in the past in an
overvalued official exchange rate. Compounded by the effects of exchange controls and restrictions on foreign trade, highly distorted
relative prices have resulted in the loss of competitiveness of Argentine production, impeded investment and caused economic stagnation.
In 2015, the Peso lost approximately 52% of its value with respect to the U.S. Dollar, including a 37.3% depreciation during the
last quarter of 2015, mainly concentrated in the month of December when the former administration eased exchange restrictions.
In 2016, 2017, 2018, 2019 and 2020, the Peso depreciated 8%, 15.6%, 50.7%, 36.6% and 29%, respectively, with respect to the U.S.
Dollar. As of April 27, 2021, the exchange rate was Ps.93.34 per U.S. Dollar.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
depreciation of the Peso may have a negative impact on the ability of certain Argentine businesses to service their foreign currency
denominated debt, lead to inflation, significantly reduce real wages and jeopardize the stability of businesses whose success
depends on domestic market demand, and also adversely affect the Argentine government&rsquo;s ability to honor its foreign debt
obligations. In turn, a significant appreciation of the Peso against the U.S. Dollar also presents risks for the Argentine economy,
including the possibility of a reduction in exports as a consequence of the loss of external competitiveness. Any such appreciation
could also have a negative effect on economic growth and employment and reduce tax revenues in real terms.</FONT></P>

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
Argentine government&rsquo;s ability to obtain financing from the international loan and capital markets may be limited or costly,
which may impair its ability to implement reforms and foster economic growth.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine government has defaulted on its sovereign debt instruments several times in the past. The most recent financial difficulty
to meet its foreign financial obligations occurred in 2019/2020, in the midst of restructuring negotiations with private creditors.
As a result, the Argentine government may not have access to international financing, or its access may be costly, may would limit
its ability to make investments and foster economic growth. Additionally, companies in the country&rsquo;s private sector may
also have difficulty accessing international financing at reasonable costs or at all, as has occurred on prior occasions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
March 2020, the Argentine government initiated discussions with various groups of creditors to discuss a path for Argentina&rsquo;s
debt sustainability. With respect to Argentina&rsquo;s international bonds, in April 2020, the Argentine executive branch approved
the restructuring of certain eligible global bonds issued under foreign laws for up to U.S.$65 billion. On August 31, 2020, the
Argentine government announced that it had obtained the consents required to exchange 99% of the aggregate principal amount outstanding
of all series of eligible bonds, following which the exchange was consummated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 18, 2020, the Argentine government offered holders of its foreign currency bonds governed by Argentine law to exchange
such bonds for new bonds, in terms that were equitable to the terms of the invitation made to holders of foreign law-governed
bonds. On September 18, 2020, Argentina announced that holders representing 99.4% of the aggregate principal amount outstanding
of all series of eligible bonds invited to participate in the local exchange offer had participated. As a result of the exchange
offer, the average interest rate paid by Argentina&rsquo;s foreign currency bonds governed by Argentine law was lowered to 2.4%,
compared to an average interest rate of 7.6% prior to the exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
the foregoing, despite the renegotiation efforts carried out by the Argentine government during 2020, since September 2020, bond
prices have dropped, and the probability of default derived from prices of credit default swaps on Argentine sovereign bonds
is around 95% over a ten-year term as of the date of this annual report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, in June 2018, the Argentine government and the IMF signed a three-year, U.S.$50 billion loan agreement, as further amended
to U.S.$57.1 billion through 2021 (the &ldquo;IMF 2018 Agreement&rdquo;). Following an IMF report in February 2020 stating that
Argentina&rsquo;s debt may not be sustainable, the Argentine government requested to begin discussions with the IMF to renegotiate
the IMF 2018 Agreement. As of the date of this annual report, negotiations with the IMF are ongoing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you that Argentina will be able to favorably complete the restructuring of its sovereign indebtedness with respect
to the IMF 2018 Agreement. In addition, due to past or future defaults on its indebtedness, we cannot assure you that Argentina
will have access to international financing in the future, on favorable terms or at all. If Argentina is not able to access financing,
it may not be able to foster economic growth and invest in the country. As a result, we cannot assure you that private companies
in Argentina will have access to financing on favorable terms or at all, which could adversely affect our business, financial
condition and results of operations.</FONT></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
maintenance or implementation of additional exchange controls regulations, restrictions on transfers abroad and capital inflow
restrictions could limit the availability of international credit and could threaten the financial system, which may adversely
affect the Argentine economy.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, the Argentine government has increased controls on the sale of foreign currency, limiting transfers of funds abroad.
Measures taken by the Argentine government significantly curtailed access to the official foreign exchange market and, as a result,
an unofficial U.S. Dollar trading market developed in which the Peso-U.S. Dollar exchange rate differed substantially from the
official Peso-U.S. Dollar exchange rate. While the former administration had initially eliminated foreign exchange restrictions
in 2016, in September 2019, in response to significant capital flight from the country, the Argentine Central Bank imposed restrictions
on foreign exchange transactions, which were effective until December 31, 2019. Following the change in government in December
2019, the Fern&aacute;ndez administration has extended the measures, and established further restrictions, including a new tax
(<I>impuesto PAIS</I>) on certain transactions involving the purchase of foreign currency by Argentine residents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
current exchange controls apply with respect to access to the foreign exchange market by residents for savings and investment
purposes abroad, the payment of external financial debts abroad, the payment of dividends in foreign currency abroad, payments
of imports and exports of goods and services, and the obligation to repatriate and settle the proceeds from exports of goods and
services for Pesos, among others. For further information, see &ldquo;<I>Item 10.D &ndash; Exchange Controls</I>&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
is not possible to anticipate for how long these measures will be in force or if additional restrictions will be imposed. The
Argentine government could maintain or impose new exchange controls, restrictions and take other measures in response to capital
flight or a significant depreciation of the Peso, which could in turn limit access to the international capital markets and affect
the Argentine economy. In addition, such evolving exchange control restrictions and measures may result in Argentine Central Banks&rsquo;s
information requests, enforcement actions and penalties due to diverging interpretations of foreign exchange regulatoins.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a related matter, the international reserves deposited with the Argentine Central Bank have fluctuated significantly. The international
reserves of the Argentine government amounted to U.S.$39.4 billion as of December 30, 2020. Future measures taken by the Argentine
government could further reduce the level of international reserves deposited with the Argentine Central Bank in the future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, since the imposition of exchange controls, the difference between the official exchange rate, which is currently used
for both commercial and financial operations, and other informal exchange rates that arise implicitly as a result of certain operations
commonly carried out in the capital market (dollar &ldquo;MEP&rdquo; or &ldquo;<I>contado con liquidaci&oacute;n</I>&rdquo;),
have broadened deeply during 2020 creating a gap of approximately 60% with the official exchange rate as of April 27, 2021.</FONT></P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine government could maintain a single official exchange rate or create multiple exchange rates for different types of transactions,
substantially modifying the applicable exchange rate at which we acquire currency for different purposes. Furthermore, existing
or future measures could undermine the Argentine government&rsquo;s public finances, which could adversely affect Argentina&rsquo;s
economy, which, in turn, could adversely affect our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
Argentine economy could be adversely affected by economic events in other markets.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina&rsquo;s
economy remains vulnerable to external shocks that could be caused by adverse regional or global developments. A significant decline
in the economic growth of any of Argentina&rsquo;s major trading partners (including Brazil, the European Union, China and the
United States) could have a material adverse impact on Argentina&rsquo;s balance of trade and adversely affect Argentina&rsquo;s
economy. In addition, Argentina may be affected by economic and market conditions in markets worldwide, as was the case in 2008,
when the global economic crisis led to a sudden economic decline in Argentina in 2009. In 2018, emerging market economies were
affected by the change in the U.S. monetary policy, resulting in the unwinding of investments and increased volatility in the
value of their currencies, including the Argentine Peso.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, emerging market economies have been affected by changes in U.S. monetary policy, at times resulting in the unwinding
of investments and increased volatility in the value of their currencies. If interest rates rise significantly in developed economies,
including the United States, emerging market economies, including Argentina, could find it more difficult and expensive to borrow
capital and refinance existing debt, which would negatively affect their economic growth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
ongoing COVID-19 pandemic has had, and continues to have, a significant impact on the global economy and the economies of countries
across Latin America, the full impact of which cannot be accurately predicted at this time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina
could be adversely affected by negative economic or financial developments in other countries. We cannot assure you that developments
in other markets will not affect macroeconomic, political or social conditions in Argentina and, consequently, our business, results
of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Government
or labor pressure to grant salary increases and/or additional benefits may affect business conditions in the country.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, the Argentine government has passed laws and regulations forcing privately owned companies to maintain certain wage
levels and provide added benefits to their employees. Additionally, both public and private sector employers have been subject
to significant pressure from the workforce and trade unions to grant salary increases and other benefits. The Argentine government
has increased the minimum monthly salaries on numerous opportunities. In addition, the Argentine government has arranged other
measures to mitigate the impact of inflation and exchange rate fluctuation in wages, or the consequences of the ongoing COVID-19
pandemic.</FONT></P>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Labor
relations in Argentina are governed by specific legislation, such as Labor Law No. 20,744 and Collective Bargaining Law No. 14,250,
which, among other things, dictate how salary and other labor negotiations are to be conducted. Most industrial or commercial
activities are regulated by a specific collective bargaining agreement that groups together companies by industry and trade unions.
While the process of negotiation is standardized, each chamber of industrial or commercial activity negotiates the increases of
salaries and labor benefits with the relevant trade union of such commercial or industrial activity. Parties are bound by the
final decision once it is approved by the labor authority and must observe the established salary increases for all employees
that are represented by the respective union and to whom the collective bargaining agreement applies.</FONT></P>

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



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you that the Argentine government will not adopt future measures requiring that employers increase salaries and/or
employee benefits, prohibition of dismissals, duplication of severance payments or that our employees and/or labor unions will
not pressure for such measures themselves. Any such increase could result in an increase in our operating expenses and, therefore,
adversely affect our results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Government
intervention in the Argentine economy could undermine business and investor confidence.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine government exercises substantial control over the economy and may increase its level of intervention in certain areas
of the economy, including through the regulation of market conditions and prices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, the Argentine government has increased state intervention in the economy, including through expropriation and nationalization
measures, price controls and exchange controls and restrictions on capital flows. For example, in 2008, the administration absorbed
and replaced the former private pension system for a public &ldquo;pay-as-you-go&rdquo; pension system. As a result, all resources
administered by the private pension funds, including significant equity interests in a wide range of listed companies, have since
been administered by ANSES. In 2014, the Argentine government enacted law No. 26,991, which enables the Argentine government to
intervene in certain markets when it considers that any party to the market is trying to impose prices or supply restrictions
in the market. This law applies to all economic processes linked to goods, facilities and services which, either directly or indirectly,
satisfy basic needs of the population (so-called &ldquo;basic needs goods&rdquo;), and grants broad powers to the relevant enforcing
agency (Secretariat of Commerce) to become involved in such processes. In addition, in August 2020, the executive branch issued
Decree No. 690/2020 which, among other measures, amends the current legal framework to (i) declare information and communications
technology services and access to telecommunications networks as essential and strategic public services, (ii) establish new rules
regarding the pricing of such services, and (iii) declare mobile telephone services a public service.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, as a result of the public health emergency declared by the Argentine government due to the ongoing COVID-19 pandemic,
several measures have been adopted to limit the impact on the Argentine economy, including freezing rent prices and public services
tariffs, and the prohibition of work dismissals, among others.</FONT></P>

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the future, the level of intervention in the economy by the Argentine government may continue or increase, which may adversely
affect Argentina&rsquo;s economy and, in turn, our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>High
public expenditure could result in long lasting adverse consequences for the Argentine economy, which in turn could adversely
affect our business, financial condition and results of operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the last years, the Argentine government has substantially increased public expenditures, and has resorted regularly to the Central
Bank and to the ANSES to source part of its funding requirements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2018, 2019, and 2020, public sector expenditure increased approximately 22.4%, 37.2% and 52.7%, respectively, and the government
achieved a primary fiscal deficit of 2.4%, 0.4% and 6.5% of GDP, respectively, according to the Ministry of Treasury. <FONT STYLE="background-color: white">P</FONT>rimary
fiscal deficit for 2020 was partly explained by a decrease in Argentine government income (equivalent to 0.7% of GDP) and an increase
in public expenditure (equivalent to 3.5% of GDP). <FONT STYLE="background-color: white">Additionally, the economic </FONT>impact
of the COVID-19 pandemic <FONT STYLE="background-color: white">has also required and may continue to require the Argentine government
to increase public spending.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you that the Argentine government will not seek to finance its deficit by gaining access to the liquidity available
in the local financial institutions. In that case, government initiatives that increase the exposure of local financial institutions
to the public sector could affect our liquidity and assets quality and have a negative effect on clients&rsquo; confidence in
the financial system.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>A
decrease in international prices for the main commodities exported by Argentina could negatively affect Argentina&rsquo;s economic
condition.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina&rsquo;s
reliance on the export of certain commodities, particularly soybeans and its by products, corn and wheat, has made the country
more vulnerable to fluctuations in their prices. A decrease in commodity prices may adversely affect the Argentine government&rsquo;s
fiscal revenues and the Argentine economy as a whole. Given its reliance on such agricultural commodities, the country is also
vulnerable to weather events&mdash;such as 2018&rsquo;s drought&mdash;that may negatively affect the production of such commodities,
reducing fiscal revenues and the inflow of US Dollars.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the international prices for agricultural commodities decrease, Argentina&rsquo;s economy could be adversely affected. In addition,
a decline in international prices for agricultural commodities could have a negative impact on the government&rsquo;s tax revenues,
including its ability to repay its debt, and on the availability of foreign currency. Moreover, agriculture production&mdash;
which represent an important source of Argentina&rsquo;s export income&mdash; could be negatively affected due to adverse climate
conditions. Any such developments may adversely affect Argentina&rsquo;s economy and, as a result, our business, results of operations
and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to counterbalance and diversify its reliance on agricultural commodities as well as to add an additional source of revenue,
Argentina has been focused on increasing its oil and gas exports. A long-term decrease in the international price of oil would
negatively impact the country&rsquo;s oil and gas prospects and result in a decrease in foreign investment in these sectors.</FONT></P>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Failure
to adequately address actual and perceived risks of institutional deterioration and corruption may adversely affect Argentina&rsquo;s
economy and financial condition, which in turn could adversely affect our business, financial condition and results of operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
lack of a solid institutional framework and corruption have been identified as, and continue to be a significant problem for Argentina.
In Transparency International&rsquo;s 2020 Corruption Perceptions Index survey of 180 countries, Argentina was ranked 78, down
from 66 in previous survey in 2019. In the World Bank&rsquo;s Doing Business 2020 report, Argentina ranked 126 out of 190 countries,
down from 119 in 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognizing
that the failure to address these issues could increase the risk of political instability, distort decision-making processes and
adversely affect Argentina&rsquo;s international reputation and ability to attract foreign investment, the former Macri administration
announced several measures aimed at strengthening Argentina&rsquo;s institutions and reducing corruption. These measures include
the reduction of criminal sentences in exchange for cooperation with the government in corruption investigations, increased access
to public information, the seizing of assets from corrupt officials, increasing the powers of the Anticorruption Office (<I>Oficina
Anticorrupci&oacute;n</I>) and the passing of a new public ethics law, among others. The current Argentine administration&rsquo;s
ability and determination to implement these initiatives taken by the former administration is still uncertain, as it would require,
among other things, the involvement of the judicial branch, which is independent, as well as legislative support from opposing
parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, certain senior executive officers and directors of companies operating in the Argentine energy, infrastructure, oil
and gas and other sectors, are currently facing judicial investigations in Argentina relating to payments allegedly made to government
officials.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
investigations may have an adverse impact on the ability of the companies involved and their affiliates to access financing, on
their ability to participate in significant projects and ultimately on their financial condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">However,
we do not consider potential losses that could arise from our exposure to the individuals and the companies involved in the investigations
to be material.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot predict for how long the corruption investigations will continue, or the effects on the different sectors in the Argentine
economy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Relating to the Argentine Financial System</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
stability of the Argentine financial system depends upon the ability of financial institutions, including Banco Supervielle, the
main subsidiary of Grupo Supervielle, to retain the confidence of depositors.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
measures implemented by the Argentine government in late 2001 and early 2002, in particular the restrictions imposed on depositors
to withdraw money freely from banks and the <I>pesification</I> and restructuring of their deposits, resulted in losses for many
depositors and undermined their confidence in the Argentine financial system.</FONT></P>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
liquidity levels are currently reasonable, no assurances can be given that these levels will not be reduced in the future due
to adverse economic conditions that could negatively affect the Bank&rsquo;s business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If,
in the future, depositor confidence further weakens and the deposit base contracts, such loss of confidence and contraction of
deposits will have a substantial negative impact on the ability of financial institutions, including the Bank, to operate as financial
intermediaries. If the Bank is not able to act as a financial intermediary and otherwise conduct its business as usual, the results
of its operations could be adversely affected or limited, affecting its ability to distribute dividends to us, which in turn could
affect our results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
growth and profitability of Argentina&rsquo;s financial system partially depend on the development of medium and long-term funding
sources.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
most term deposits (more than 95%) are short-term deposits with a maturity of less than three months, a substantial portion of
the loans have very short maturity, and there is a small portion of medium- and/or long-term credit lines. The uncertainty about
the ability to reduce inflation in the future has had, and may continue to have, a significant impact on both the supply of, and
demand for, long-term loans as borrowers try to hedge against inflation risk by borrowing at fixed rates while lenders hedge against
inflation risk by offering loans at floating rates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
longer-term financial intermediation activity does not grow, the ability of financial institutions, including us, to generate
profits will be negatively affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
asset quality and that of other financial institutions may deteriorate if the Argentine private sector is affected by economic
events in Argentina or international macroeconomic conditions.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of <FONT STYLE="background-color: white">Argentina&rsquo;s current</FONT> macroeconomic environment<FONT STYLE="background-color: white">,
including the economic recession</FONT> since 2018, high interest rates in 2018 and 2019, <FONT STYLE="background-color: white">high
</FONT>inflation and depreciation of the Peso, the capacity of many Argentine private sector debtors to repay their loans has
deteriorated significantly, materially affecting the asset quality of financial institutions, including the Bank <FONT STYLE="background-color: white">and
CCF. Furthermore</FONT>, due to the ongoing COVID-19 pandemic and the <FONT STYLE="background-color: white">government measures
taken to contain the spread of the virus, since mid-March&nbsp;2020 economy activity has been disrupted and Argentina GDP declined
by 9.9% in 2020. The measures taken by the Argentine government to address the effects of the current macroeconomic environment
</FONT>may not <FONT STYLE="background-color: white">be sufficient to</FONT> offset the <FONT STYLE="background-color: white">significant
</FONT>impact<FONT STYLE="background-color: white">s</FONT> of Argentina&rsquo;s economic <FONT STYLE="background-color: white">recession
and</FONT> the COVID-19 pandemic<FONT STYLE="background-color: white">. Consequently, if</FONT> customers <FONT STYLE="background-color: white">are
not able</FONT> to repay their loans <FONT STYLE="background-color: white">the</FONT> quality of the Bank&rsquo;s <FONT STYLE="background-color: white">and
CCF&rsquo;s assets may further deteriorate and </FONT>loan loss provisions may increase, which could, in turn, <FONT STYLE="background-color: white">adversely
affect</FONT> our results of operations and financial condition.</FONT></P>

<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Increased
competition and consolidation in the banking and financial industry could adversely affect our operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
expect competition in the banking and financial sector to continue to increase. Such increased competition in the banking and
financial sector could reduce prices and margins and the volume of operations and our market share. Therefore, our results of
operations could be adversely affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Enforcement
of creditors&rsquo; rights in Argentina may be limited, costly and lengthy.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, in order to protect debtors affected by the economic crisis in 2001 and 2002, the Argentine government adopted measures in
the beginning of 2002 that suspended proceedings to enforce creditors&rsquo; rights upon debtor default, including mortgage foreclosures
and bankruptcy petitions. More recently, <FONT STYLE="background-color: white">i</FONT>n connection with <FONT STYLE="background-color: white">the
ongoing COVID-19 pandemic, the Argentine</FONT> administration <FONT STYLE="background-color: white">has suspended mortgage foreclosures
</FONT>until March&nbsp;31, 2021. For more information on regulations in connection with the COVID-19 <FONT STYLE="background-color: white">pandemic,
see &ldquo;Item 4.B.&mdash;Business Overview&mdash;Argentine Banking Regulations &ndash; Government Measures in Response to the Ongoing
COVID-19 Pandemic.&rdquo;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
such measures, and any other measures which may limit the ability of creditors, including us, to bring legal actions to recover
unpaid loans or restricting creditors&rsquo; rights generally could have a material adverse effect on the financial system and
on our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
Consumer Protection Law and the Credit Card Law may limit some of the rights afforded to us and our subsidiaries.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
application of the Argentine Consumer Protection Law No.&nbsp;24,240 (the &ldquo;Consumer Protection Law&rdquo;), which establishes
a number of rules and principles for the protection of consumers, and the Law No.&nbsp;25,065 (as amended by Law No.&nbsp;26,010
and Law No.&nbsp;26,361, the &ldquo;Credit Card Law&rdquo;), which sets forth several mandatory regulations designed to protect
credit card holders, by administrative authorities and courts at the federal, provincial and municipal levels has increased. Moreover,
administrative and judicial authorities have issued various rules and regulations aimed at strengthening consumer protection.
In this context, the Central Bank issued regulations with respect to the protection of financial services customers, which grants
broad protection to financial services customers, and limits fees and charges that financial institutions may validly collect
from their clients. In addition, the Argentine Supreme Court created the Public Registry of Collective Proceedings to register
collective proceedings (such as class actions) filed with national and federal courts. In the event that we or our subsidiaries
are found liable for violations of any of the provisions of the Consumer Protection Law or the Credit Card Law, the potential
penalties could limit some of our rights or our subsidiaries&rsquo; rights, for example, with respect to their ability to collect
payments due from services and financing provided by the Bank or its subsidiaries, which could adversely affect our financial
results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furthermore,
the rules that govern the credit card business provide for variable caps on the interest rates and fees that financial entities may charge
to clients and merchants, and enable courts to decrease the interest rates and fees agreed upon by the parties if they are deemed excessively
high. A change in the applicable law or court decisions lowering the cap on interest rates and fees would reduce the Bank&rsquo;s and
CCF&rsquo;s revenues, which could negatively affect our consolidated results.</FONT></P>

<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Class&nbsp;actions
against financial institutions for an undetermined amount may adversely affect the profitability of the financial system and of
the Bank.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
public and private organizations have initiated class actions against financial institutions in Argentina, including the Bank.
See &ldquo;<I>Item 8.A Consolidated Statements and Other Financial Information</I>.&rdquo; The Argentine National Constitution
and the Consumer Protection Law contain certain provisions regarding class actions, although their guidance with respect to procedural
rules for class action cases is limited. Argentine courts have admitted class actions in various lawsuits against financial entities
related to &ldquo;collective interests&rdquo; such as alleged overcharging on products, interest rates and advice in the sale
of public securities. Recently, some of these lawsuits have been settled by the parties out of court. These settlements have typically
involved an undertaking by the financial institution to adjust the fees and charges. If class action plaintiffs were to prevail
against financial institutions, their success could have an adverse effect on the financial industry and on our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the future, court and administrative decisions may increase the degree of protection afforded to our debtors and other customers
or be favorable to the claims brought by consumer groups or associations. This could affect the ability of financial institutions,
including us, to freely determine charges, fees or expenses for their services and products, therefore affecting their business
and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
operate in a highly regulated environment, and our operations are subject to regulations adopted, and measures taken, by several
regulatory agencies.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
institutions are subject to significant regulation relating to functions that historically have been determined by the Central
Bank, the Financial Information Unit (<I>Unidad de Informaci&oacute;n Financiera</I> or &ldquo;UIF&rdquo;) and the CNV. The number
of these regulations have increased in connection with the ongoing COVID-19 pandemic. <FONT STYLE="background-color: white">See
 &ldquo;Item 4.B.&mdash;Business Overview&mdash;Argentine Banking Regulations &ndash; Government Measures in Response to the Ongoing
COVID-19 Pandemic.&rdquo; These regulations include: (i) minimum capital requirements; (ii) mandatory reserve requirements; (iii)
requirements for investments in fixed rate assets; (iv) lending limits and other credit restrictions, including mandatory allocations;
(v) limits and other restrictions on fees; (vi) reduction of the period for the financial institutions to deposit the amount of
sales made with credit cards in the corresponding accounts of the sellers; (vii) limits on the amount of interest banks can charge
or pay, or on the period for capitalizing interest; (viii) accounting and statistical requirements; (ix) restrictions on dividends;
(x) limits on market share; (xi) reporting or controlling regimes as agents or legally bound reporting parties; and (xii) changes
in the deposit insurance regime.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">We
have no control over governmental regulations or the rules governing all aspects of our operations. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank may penalize our main subsidiary, the Bank, as well as our subsidiary CCF, in case of any breach of applicable regulations.
Similarly, the CNV, which authorizes our securities offerings and regulates the public markets in Argentina, has the authority
to impose sanctions on us and our Board of Directors for breaches of corporate governance.</FONT></P>

<!-- Field: Page; Sequence: 27; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
absence of a stable regulatory framework in Argentina for financial institutions and the imposition of measures that affect the
profitability of financial institutions and limit the possibility of covering their positions against currency fluctuations result
may limit the decisions that financial institutions, including the Bank and CCF, can make on asset allocation, which may adversely
affect future financial activities and our result of operations. There can be no assurances that new and tighter regulations will
not be implemented in the future, which could cause uncertainty and could negatively affect our future financial activities and
results of operations. In addition, existing or future legislation and regulation may require us to make material expenditures
to avoid any material adverse effect on our consolidated operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are exposed to compliance risks.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Due
to the nature of our activities, we are exposed to certain compliance risks. We must comply with regulations regarding customer
conduct, market conduct, the prevention of money laundering and the financing of terrorist activities, the protection of personal
data, the restrictions established by national or international sanctions programs and anti-corruption laws (including the U.S.
Foreign Corrupt Practices Act of 1977 and the UK Bribery Act of 2010), the violations of which could lead to very significant
penalties. As part of our business, we directly or indirectly, through third parties, deals with entities whose employees are
considered to be government officials. Our activities are also subject to complex customer protection and market integrity regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Although
we have adopted multiple policies, procedures, internal control systems and other measures to manage compliance risk, it is dependent
on its employees and external suppliers for the implementation of these policies, procedures, systems and other measures, and
it cannot guarantee that these are sufficient or that our employees or other persons related to us or our business partners, agents
and/or other third parties with a business or professional relationship do not circumvent or violate current regulations or our
ethics and compliance regulations, acts for which such persons could be held ultimately responsible and/or that could damage our
reputation. In particular, acts of misconduct by any employee, and particularly by senior management, could erode trust and confidence
and damage our reputation among existing and potential clients and other stakeholders. Actual or alleged misconduct by the Bank
in any number of activities or circumstances, including operations, employment-related offenses such as sexual harassment and
discrimination, regulatory compliance, the use and protection of data and systems, and the satisfaction of client expectations,
and actions taken by regulators or others in response to such misconduct, could lead to, among other things, sanctions, fines
and reputational damage, any of which could have a material adverse effect on the Bank&rsquo;s business, financial condition and
results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">We
may not be able to prevent third parties from using the banking network in order to launder money or carry out illegal or inappropriate
activities. Moreover, financial crimes continually evolve and emerging technologies, such as cryptocurrencies and blockchain,
could limit our ability to track the movement of funds. Additionally, in adverse economic conditions, it is possible that financial
crime attempts will increase significantly.</FONT></P>

<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">If
there is a breach of the applicable regulations or the Banks&rsquo;s ethics and compliance regulations or if the competent authorities
consider that the Bank does not perform the necessary due diligence inherent to its activities, such authorities could impose
limitations on our activities, the revocation of our authorizations and licenses, and economic penalties, in addition to having
significant consequences for our reputation, which could have a significant adverse impact on our business, financial condition
and results of operations. Furthermore, we from time to time conduct investigations related to alleged violations of such regulations
and ethics and compliance regulations, and any such investigation or any related procedure could be time consuming and costly,
and its results difficult to predict.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">In
2020 the&nbsp;COVID-19&nbsp;outbreak has led in many countries to new specific regulations, mainly focused on consumer protection
measures. The difficulties associated with the need to adapt the Bank&rsquo;s systems to these new regulations quickly along with
the fact that the majority of our employees have been working remotely could pose new compliance risks. Likewise, despite the
existing controls in place, the increase in remote account opening driven by the pandemic could increase money laundering risks.
Additionally, criminals are continuing to exploit the opportunities created by the pandemic across the globe and increased money
laundering risks associated with counterfeiting of medical goods, investment fraud, cyber-crime scams and exploitation of economic
stimulus measures put in place by governments. Increased strain on our communications surveillance frameworks could in turn raise
our market conduct risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Exposure
to multiple federal, provincial and/or municipal legislation and regulations could adversely affect our business or results of
operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine government has historically exercised significant influence over the economy and financial institutions. In the past,
several different bills to amend the Argentine Financial Institutions Law No. 21,526 (the &ldquo;FIL&rdquo;) have been put forth
for review by the Argentine Congress, seeking to amend different aspects of the FIL, including the qualification of financial
services as a public service, an increase in governmental regulations affecting the activities of financial entities and initiatives
to make financial services more widely available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Laws
and regulations currently governing the economy and the banking sector may continue to change in the future, and any changes may
adversely affect our business, financial condition and results of operations. In particular, a thorough amendment of the FIL would
have a substantial effect on the banking system as a whole. If such a bill were passed, or any other amendment to the FIL be made,
the subsequent changes in banking regulations may have adverse effects on financial institutions in general, and on our business,
financial conditions and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, Argentina has a federal system of government with 23 provinces and the Autonomous City of Buenos Aires, each of which,
under the Argentine national constitution, has full power to enact legislation concerning taxes and other matters. Likewise, within
each province, municipal governments have broad powers to regulate such matters. Due to the fact that our branches are located
in multiple provinces, we are also subject to multiple provincial and municipal legislation and regulations. Future developments
in provincial and municipal legislation concerning taxes, provincial regulations or other matters may adversely affect our business
or results of operations.</FONT></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
an example of the aforementioned, in the second half of 2020 and after the suspension of the 2017 fiscal consensus in late 2019,
certain Argentine provinces (C&oacute;rdoba, San Luis, Buenos Aires and the City of Buenos Aires) raised the tax rate on gross
income tax for banks. Additionally, in October 2020, the City of Buenos Aires also eliminated a tax exemption on interest income
received from LELIQs (short-term debt instruments issued by the Central Bank as part of its monetary policy).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In January 2021, a legal action was filed against the Autonomous City of Buenos Aires in order to declare Laws No. 6,382 and No. 6,383
unconstitutional, which seek to burden the returns derived from securities, bonds, bills, certificates of participation (equity) and other
instruments issued or to be issued in the future by the Argentine Central Bank with turnover tax. Such legal action was filed under File
No. CAF 18156/2020 (&ldquo;ADEBA Asociacio&#769;n Civil de Bancos Argentinos y otros c/GCBA y otro s/Proceso de Conocimiento&rdquo;) by
the Association of Banks and most of its members. The Argentine Central Bank has filed a legal action for the same purpose.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
financial intermediation activity volumes relative to GDP are not restored to higher levels, the capacity of financial institutions,
including the Bank, our main subsidiary, to generate profits may be negatively affected.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of the 1999-2002 financial crisis, as a result of which the Argentine economy fell 18.4%, the volume of financial intermediation
activity dropped dramatically: private sector credit plummeted from 24% of GDP in December 2000 to 7.7% in June 2004 and total
deposits as a percentage of GDP fell from 31% to 23.2% during the same period. The depth of that crisis and the effect it had
on depositors&rsquo; confidence in the financial system created uncertainty regarding its ability to act as an intermediary between
savings and credit. Although in some recent years private credit relative to GDP grew, since 2018 credit contracted in real terms.
Furthermore, the ratio of the total financial system&rsquo;s private-sector deposits and loans to GDP remains low when compared
to international levels and continues to be lower than the periods prior to the 1999-2002 crisis and also from prior years, especially
in the case of private-sector deposits and loans, which amounted to 18.6% and 9.6% of GDP, respectively, as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
is no assurance that financial intermediation activities will continue in a manner sufficient to reach the necessary volumes and
businesses to provide financial institutions, including the Bank, with sufficient capacity to generate income, which may, in turn,
impact our results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Argentine
financial institutions, including the Bank, continue to have exposure to public sector debt, including securities issued by the
Argentine Central Bank, and its repayment capacity, which in periods of economic recession, may negatively affect their results
of operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
some extent, the value of the assets held by Argentine financial institutions, as well as their income generation capacity, is
dependent on the public sector&rsquo;s creditworthiness, which is in turn dependent on the Argentine and the provincial government&rsquo;s
ability to promote sustainable long-term economic growth, generate tax revenues and control public spending.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentine
financial institutions usually hold public sector debt issued by the national, provincial and municipal governments and securities
 &ndash; generally short term &ndash; issued by the Central Bank as part of their portfolios. As of December 31, 2020, the exposure
of the financial institutions to the public sector represented 10.3% of total assets and their holdings of short-term securities
issued by the Central Bank represented 25.8% of total assets. As of December 31, 2020, our exposure to the public sector amounted
to Ps.21.9 billion, representing 8.8% of our total assets as of that date and our exposure to short term securities issued by
the Central Bank and Repo transactions with Central Bank amounted to Ps.51.1 billion or 20.4% of our total assets as of such date.</FONT></P>

<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
virtue of Executive Decrees No. 596/2019 and No. 609/2019, the maturity date of <FONT STYLE="background-color: white">short-term
</FONT>public sector debt securities <FONT STYLE="background-color: white">(&ldquo;Letes,&rdquo; &ldquo;Lecaps,&rdquo; &ldquo;Lelink&rdquo;
and &ldquo;Lecer&rdquo;) was extended to February&nbsp;2020. Afterwards, through Decree No.&nbsp;346/2020, the Argentine government
further extended the maturity date of certain &ldquo;Letes&rdquo; to December&nbsp;31, 2020. In February 2020, through Joint
Resolution 6/2020, certain &ldquo;Lecaps&rdquo; and &ldquo;Letes&rdquo; which had already been reprofiled pursuant to the aforementioned
Executive Decrees No.&nbsp;596/2019 and 609/2019 were subsequently exchanged by peso-denominated treasury bills (&ldquo;Lebads&rdquo;)
maturing on September&nbsp;18, 2020. On April&nbsp;5, 2020, the Argentine government issued the Decree No.&nbsp;346/2020, by which
the repayment of Argentine law-governed U.S. dollar-denominated notes was postponed, including the abovementioned &ldquo;Letes.&rdquo;
O</FONT>ur holdings of &ldquo;Letes&rdquo; and &ldquo;Lecaps&rdquo; were affected as a result of the <FONT STYLE="background-color: white">aforementioned
restructuring measures of Argentine law-governed sector public debt adopted by the Argentine government.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">In
addition to the public sector debt restructuring process</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">,
the Argentine government also <FONT STYLE="background-color: white">launched an exchange offer with the aim of refinancing its
foreign law-denominated external indebtedness, which was successfully concluded in August 2020. For more information on the restructuring,
see &ldquo;<I>Item 5.A&mdash;Operating Results&mdash;The Argentine Economy and Financial System&mdash;Argentina&rsquo;s Sovereign
Debt Restructuring</I>.&rdquo;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Should
the public sector fail to fulfill its commitments in due time and proper form, this could have a negative adverse effect on our
business, financial situation and results of operations. Moreover, failure by the Argentine government to successfully carry out
the restructuring of its debt with the IMF may further affect the public sector&rsquo;s creditworthiness and negatively affect
the Bank&rsquo;s exposure to public sector debt and therefore its results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Relating to Our Business</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Due
to our exposure to middle and lower-middle-income individuals and SMEs, the quality of our consolidated loan portfolio is more
susceptible to economic downturns and recessions.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
consolidated loan portfolio is exposed to the segments of SMEs and middle and lower-middle-income individuals, which are more
vulnerable to economic recessions than large corporations and higher income individuals. The quality of our portfolio of loans
to SMEs and to individuals is therefore dependent to a large extent on domestic and international economic conditions. Consequently,
we may experience higher levels of past due amounts, which could result in higher provisions for loan losses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
loan portfolio of the Personal &amp; Business Banking segment, which includes individuals and small business with annual sales of up
to Ps.100&nbsp;million and SMEs with annual sales over Ps.100 million and below Ps. 700 million, represented approximately 51% of
the consolidated loan portfolio (net of provisions) as of December&nbsp;31, 2020, while the loan portfolio of the Consumer Finance
Segment represented approximately 7% of the consolidated loan portfolio. Within the 51% share of the Personal &amp; Business Banking
Segment, 42% corresponds to individuals, while 9% corresponds to Small Businesses &amp; SMEs. Morover, loans to lower-risk payroll
and pension clients accounted for 72% of our total loans to individuals at the bank level. If the economy in Argentina experiences a
significant downturn, this could materially and adversely affect the liquidity, businesses and financial condition of our customers,
which may in turn cause us to experience higher levels of past due loans, thereby resulting in higher provisions for loan losses and
subsequent write-offs. This may materially and adversely affect the credit quality of our loan portfolio, our asset quality, our
results of operations and our financial condition.</FONT></P>

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

<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
may continue to seek potential acquisitions, but we may not be able to complete such acquisitions or successfully integrate businesses
that we acquire.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the past, in addition to organic growth, we have significantly expanded our business through acquisitions. We expect to continue
considering acquisition opportunities that we believe may add value and are compatible with our business strategy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
this respect, we may not be able to continue to identify opportunities or consummate acquisitions leading to economically favorable
results and we cannot assure you that any future acquisition will, if required, be authorized by the Central Bank, which would
limit our ability to implement our growth strategy. In addition, in the event that an acquisition opportunity is identified and
authorized, successful integration of the acquired business entails significant risks, including compatibility of operations and
systems, unexpected contingencies, employee retention, compliance, customer retention, and delays in the integration process.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Changes
in market conditions and any associated risks, including interest rate and currency exchange volatility, could materially and
adversely affect our consolidated financial condition and results of operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are directly and indirectly affected by changes in market conditions. Market risk, or the risk that values of assets and liabilities
or revenues will be adversely affected by variations in market conditions, including interest rate and currency exchange volatility,
is inherent in the products and instruments associated with our operations, including loans, deposits, long-term debt and short-term
borrowings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
particular, our results of operations depend to a great extent on our net financial income. Net financial income represented 85.8%
of our net operating revenue in 2020 and 88.0% in 2019. Changes in market interest rates could affect the interest rates earned
on our interest-earning assets differently from the interest rates paid on our interest-bearing liabilities, leading to a reduction
in our net financial income or a decrease in customer demand for our loan or deposit products. In addition, increases in interest
rates could result in higher debt service obligations for our customers, which could, in turn, result in higher levels of delinquent
loans or discourage customers from borrowing. Interest rates are highly sensitive to many factors beyond our control, including
the minimum reserve policies of the Central Bank, regulation of the financial sector in Argentina, domestic and international
economic and political conditions and other factors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
changes in interest rates and currency exchange rates could adversely affect our business, our future financial performance and
the price of our securities.</FONT></P>

<!-- Field: Page; Sequence: 32; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Reduced
spreads between interest rates on loans and those on deposits, could adversely affect the Bank&rsquo;s and CCF&rsquo;s profitability.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Historically,
the Argentine financial system witnessed a decrease in spreads between the interest rates on loans and deposits as a result of
increased competition in the banking sector and the Argentine government&rsquo;s tightening of monetary policy in response to
inflation concerns. The interest rate spreads of the Bank and CCF follow the same trend.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
the 2018 devaluation of the Peso and the acceleration of the inflation rate, the Central Bank raised interest rates, ending the
margin contraction trend that had been taking place in the previous years. Since late December 2019, the Central Bank has resumed
a process of rate reduction, and inflation expectations have been reduced slightly, although they remain high. Moreover, amid
the COVID-19 outbreak, the Central Bank imposed minimum interest rates paid on time deposits, imposed maximum interest rates on
credit cards financing, and established some credit lines to be granted to SMEs at preferential interest rates, pressuring margins
downwards. In turn, if in the future the Central Bank is successful in reducing the pace of inflation, it could result in a renewed
pressure on banking spreads.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
a change in the composition of the source of funding, which is currently heavily weighted by non-interest-bearing deposits, could
also put downward pressure on margins. A change in the composition of the source of funding could result from lower interest rates,
higher demand of credit and therefore a need to increase the amount of time deposits or other types of bearing interest liabilities.
Further reduction in spreads could have a material adverse effect on our business, results of operation and financial condition.
We cannot guarantee that interest rate spreads will remain attractive unless increases in our volume of lending.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are a holding company and we conduct our business through our subsidiaries. Our ability to invest in our business developments
will depend on our subsidiaries&rsquo; ability to pay dividends to us.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a holding company, we conduct our operations through our subsidiaries, the largest of which is the Bank. Consequently, we do not
operate or hold substantial assets, except for equity investments in our subsidiaries and temporary liquidity. Except for such
assets, our ability to invest in our business developments and to repay obligations is subject to the funds generated by our subsidiaries
and their ability to pay cash dividends. In the absence of such funds, we may have to resort to financing options at unappealing
prices, rates and conditions. Additionally, such financing could be unavailable when we may need it.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
of our subsidiaries is a separate legal entity and due to legal or contractual restrictions, as well as to their financial condition
and operating requirements, they may not be able to distribute dividends to us. Our ability to develop our business, meet our
payment obligations and pay dividends to our shareholders could be limited by restrictions preventing our subsidiaries from paying
us dividends. Investors should take such restrictions into account when analyzing our investment developments and our ability
to cancel our obligations.</FONT></P>

<!-- Field: Page; Sequence: 33; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
estimates and established reserves for credit risk and potential credit losses may prove to be insufficient, which may materially
and adversely affect our asset quality and our financial condition and results of operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the implementation of IFRS 9, our subsidiaries, particularly the Bank and CCF, establish reserves for potential credit risk
and losses related to changes in the levels of income of debtors/borrowers, increased rates of inflation, increased levels of
non-performing loans or an increase in interest rates. In this process, our subsidiaries rely on several models that estimate
the distribution of possible losses arising out of the loan portfolio to calculate expected losses. The Bank&rsquo;s models estimate
distribution of possible loan portfolio losses, which depend on counterparties&rsquo; default (probability of default (PD)), as
well as the exposure assumed with them (EAD&mdash;Exposure at the time of default) and the proportion of each unfulfilled loan
that the entity is able to recover (Loss in the event of default (LGD)). Based on these parameters, the expected loss (PE) and
economic capital are estimated. At the same time, we assess expected credit losses on a forward-looking basis, incorporating the
impact of updated macroeconomic scenarios in the variables which we consider affect credit risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
pandemic and the nation-wide lockdown established by the Argentine government since March 20, 2020 have had a significant negative
impact on the Argentine economy and resulted in increased morosity levels in the financial system. The Central Bank has established
several measures in favor of creditors, including an automatic rescheduling program on unpaid loans installments maturing between
the months of April 2020 and March 2021. Despite the measures taken by the Argentine government in order to mitigate the negative
impact, production and consumption have decreased significantly, impacting employment levels and financial flows, among others
and the extent of such impact and its effects are still uncertain, and therefore difficult to measure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we are unable to effectively control the level of non-performing or poor credit quality loans in the future, or if our loan loss
reserves are insufficient to cover future loan losses, our asset quality and our financial condition and results of operations
may be materially and adversely affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
Bank&rsquo;s revenues from its business with senior citizens could decrease or cease to grow if the agreement with ANSES is terminated
or not renewed.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since 1996, the Bank has acted
as one of the paying agents of social security payments to senior citizens on behalf of the government pursuant to an agreement with ANSES.
In December&nbsp;2020, the Bank made payments on behalf of ANSES to approximately 960,000 senior citizens and beneficiaries. Offering
this service to senior citizens allows the Bank ready access to a pool of potential consumers of financial services. The Bank derives
an important part of its revenues (18% as of December&nbsp;31, 2020) from the sale of financial services to senior citizens. The agreement
with ANSES is an agreement that must be signed by any bank that intends to pay pensions or benefits on behalf of ANSES. The current agreement
with ANSES expires on June 30, 2021 and negotiations between the banks and ANSES to renew the agreement have already started. In addition,
ANSES has the right to terminate the agreement with a 90 day prior notice.</P>

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

<!-- Field: Page; Sequence: 34; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
termination of the agreement with ANSES or ANSES&rsquo;s failure to add new senior citizens to the payment service could have
a negative effect on our business and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
controlling shareholder has the ability to direct our business, and potential conflicts of interest could arise.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
controlling shareholder, Julio Patricio Supervielle, directly or beneficially owned as of April&nbsp;29, 2021, 61,738,188 Class&nbsp;A
shares and 98,684,713 Class&nbsp;B shares. Virtually all decisions made by shareholders will continue to be directed by our controlling
shareholder. He may, without the concurrence of the remaining shareholders, elect a majority of our directors, effect or prevent
a merger, sale of assets or other business acquisition or disposition, cause us to issue additional equity securities, effect
a redemption of shares, effect a related party transaction and determine the timing and amounts of dividends, if any. According
to our bylaws, a two-thirds vote by our Class&nbsp;A shares is required, regardless of the percentage of our total capital they
represent, in order for us to duly resolve a merger with another company, a voluntary dissolution, our relocation abroad, and
the fundamental change in our corporate purpose. Mr.&nbsp;Supervielle&rsquo;s interests may conflict with your interests as a
holder of Class&nbsp;B shares or ADSs, and he may take actions that might be desirable to him but not to other shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Early
termination of CCF&rsquo;s business agreement with the current owners of Walmart, Grupo De Narv&aacute;ez, and the potential change
of the Walmart brand could have an adverse effect on our revenue.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
April&nbsp;2000, CCF and Walmart entered into a commercial agreement pursuant to which CCF became the sole provider of financial
services for Walmart&rsquo;s customers in Argentina. The agreement was renewed in 2005, in 2010, in 2014, and more recently in
May 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
November 6, 2020, Walmart Inc. agreed to sell its business in Argentina to Grupo de Narva&#769;ez, a well-known name in Argentina
conducting several retail businesses in the country. Although Grupo De Narv&aacute;ez has not been in the supermarket business
in Argentina in recent years, they have been building retail capabilities in other countries in the region.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
current agreement expires on August 31, 2021 and, while a renewal is currently being negotiated with Grupo De Narv&aacute;ez,
it may not be renewed on the same terms or at all. The decision by Grupo De Narv&aacute;ez not to renew the agreement could negatively
affect our expected benefit from this alliance and could result in a material adverse effect on CCF&rsquo;s financial condition
and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>As
of July 1, 2018, the Peso qualifies as a currency of a hyperinflationary economy, and the Group is required to apply inflationary
adjustments to its financial statements, which adjustments could adversely affect its financial statements, results of operations
and financial condition.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2018, the International Practices Task Force categorized Argentina as a country with a projected three-year cumulative inflation
rate greater than 100%. Pursuant to IAS 29 (Financial Reporting in Hyperinflationary Economies), the financial statements of entities
whose functional currency is that of a hyperinflationary economy must be restated in a suitable general price index to control
for the effects of changes. Argentine companies applying IFRS are required to apply IAS 29 to their financial statements for periods
ending on and after July 1, 2018. In addition, certain regulatory authorities, such as the CNV, have required that financial statements
submitted to the CNV for the periods ended on and after December 31, 2018 to be restated for inflation in accordance with IAS
29.</FONT></P>

<!-- Field: Page; Sequence: 35; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
determine the indexation for tax purposes, Law No. 27,468 substituted the WPI for CPI and modified the standards triggering tax
indexation procedures. From January 1, 2021, the tax indexation procedure is triggered under similar standards as those set forth
by IAS 29.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot predict the full impact of the application of such tax indexation procedures and the related adjustments on our financial
statements or the effects of such tax indexation procedures on our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Cybersecurity
events could negatively affect our reputation, our financial condition and our results of operations.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
depend on the efficient and uninterrupted operation of internet-based data processing, communication and information exchange
platforms and networks, including those systems related to the operation of our ATM network. We have access to large amounts of
confidential financial information and control substantial financial assets belonging to our customers as well as to us. In addition,
we provide our customers with continuous remote access to their accounts and the possibility of transferring substantial financial
assets by electronic means. Accordingly, cybersecurity is a material risk for us. Cybersecurity incidents, such as computer break-ins,
phishing, identity theft and other disruptions could negatively affect the security of information stored in and transmitted through
our computer systems and network infrastructure and may cause existing and potential customers to refrain from doing business
with us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, contingency plans in place may not be sufficient to cover liabilities associated with any such events, and we do not
have insurance to cover cyber risks and breaches. Our operational systems and networks have been, and will continue to be, subject
to an increasing risk of continually evolving cybersecurity or other technological risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
we intend to continue implementing security technology devices and establishing operational procedures to prevent such damage,
it is possible that not all of our systems are entirely free from vulnerability and these security measures will not be successful.
If any of these events occur, it could damage our reputation, entail serious costs and affect our transactions, as well as our
results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
business is highly dependent on properly functioning information technology systems and improvements to such systems.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
business is highly dependent on the ability of our information technology systems and the third-party managers of such systems
to effectively manage and process a large number of transactions across numerous and diverse markets and products in a timely
manner. In addition, we provide our customers with continuous remote access to their accounts and the possibility of transferring
substantial financial assets by electronic means. The proper functioning of our financial control, risk management, accounting,
customer service and other data processing systems is critical to our business and our ability to compete effectively. Our business
activities may be materially disrupted if there were a partial or complete failure of any of our information technology systems
communication networks. Such failures could be caused by, among other things, software bugs, computer virus attacks or intrusions,
phishing, identity theft or conversion errors due to system upgrading. In addition, any security breach caused by unauthorized
access to information or systems, or intentional malfunctions or loss or corruption of data, software, hardware or other computer
equipment, could have a material adverse effect on our business, results of operations and financial condition.</FONT></P>

<!-- Field: Page; Sequence: 36; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
ability to remain competitive and achieve further growth will depend in part on our ability to upgrade our information technology
systems and increase our capacity on a timely and cost-effective basis. Any substantial failure to improve or upgrade information
technology systems effectively or on a timely basis could materially affect us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are susceptible to fraud, unauthorized transactions and operational errors.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
with other financial institutions, we are susceptible to, among other things, fraud by employees or outsiders, unauthorized transactions
by employees and other operational errors (including clerical or record keeping errors and errors resulting from faulty computer
or telecommunications systems). Given the high volume of transactions that may occur at a financial institution, errors could
be repeated or compounded before they are discovered and remedied. In addition, some of our transactions are not fully automated,
which may further increase the risk that human error or employee tampering will result in losses that may be difficult to detect
quickly or at all. Losses from fraud by employees or outsiders, unauthorized transactions by employees and other operational errors
could have a material adverse effect on us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
policies and procedures may not be able to detect money laundering and other illegal or improper activities fully or on a timely
basis, which could expose us to fines and other liabilities.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are required to comply with applicable anti-money laundering laws, anti-terrorism financing laws and other regulations. These
laws and regulations require us, among other things, to adopt and enforce &ldquo;know your customer&rdquo; policies and procedures
and to report suspicious or large transactions to the applicable regulatory authorities. While we have adopted policies and procedures
aimed at detecting and preventing the use of banking networks for money laundering activities and by terrorists and terrorist-related
organizations and individuals generally, such policies and procedures may not completely eliminate instances where they may be
used by other parties to engage in money laundering and other illegal or improper activities. If we fail to fully comply with
applicable laws and regulations, the relevant government authorities to which they report have the power and authority to impose
fines and other penalties. In addition, our businesses and reputation could suffer if customers use our financial institutions
for money laundering or illegal or improper purposes. As of the date of this annual report, we have not been subject to material
fines or other penalties, and we have not suffered business or reputational harm, as a result of any money laundering activities
in the past.</FONT></P>

<!-- Field: Page; Sequence: 37; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Relating to Our Class&nbsp;B Shares and the ADSs</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Holders
of our Class&nbsp;B shares and the ADSs may not receive any dividends.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are a holding company and our ability to pay dividends depends on the cash flow and distributable income of our operating subsidiaries.
We and our subsidiaries are subject to contractual, legal and regulatory requirements affecting our ability to pay dividends.
In particular, dividend distribution by the Bank is subject to the requirements established by the rules of the Central Bank,
as amended from time to time. Pursuant to such regulations, dividend distributions shall be admitted as long as none of the following
circumstances apply: (i)&nbsp;the financial institution is subject to a liquidation procedure or the mandatory transfer of assets
ordered by the Central Bank in accordance with section 34 or 35 bis of the FIL; (ii)&nbsp;the financial institution is receiving
financial assistance from the Central Bank; (iii)&nbsp;the financial institution is not in compliance with its reporting obligations
to the Central Bank; (iv)&nbsp;the financial institution is not in compliance with minimum capital requirements (both on an individual
and consolidated basis and excluding any individual franchise granted by the Superintendency) and with minimum cash reserves (on
average), whether in Pesos, foreign currency or securities issued by the public sector; (v)&nbsp;if the average minimum cash reserve
is lower than the amount of cash required by the latest reported position or the pro forma position after making the dividend
payment; and/or (vi)&nbsp;if the financial institution did not comply with the applicable Additional Capital Margins (as defined
below). Financial institutions that comply with all of the above mentioned conditions may distribute dividends up to an amount
equal to: (i)&nbsp;the positive balance of the account &ldquo;unappropriated earnings&rdquo; (<I>resultados no asignados</I>)
at the end of the fiscal year, plus (ii)&nbsp;voluntary reserves for future payments of dividends, minus (iii)&nbsp;voluntary
reserves and mandatory statutory reserves registered as of that date and other items, such as (a) 100% of the debit balance of
each of the items recorded under &ldquo;Other accumulated comprehensive income,&rdquo; (b) the result from the revaluation of
property, plant, equipment and intangible assets and investment properties, (c)&nbsp;the net positive balance of the book-value
and the market-value of certain public debt securities and Central Bank notes that the financial institution owns that are not
marked to market, (d)&nbsp;unrecorded adjustments of asset value informed by the Superintendency of Financial and Exchange Entities
(<I>Superintendencia de Entidades Financieras y Cambiarias</I>, or &ldquo;Superintendency&rdquo;) or mentioned by external auditors
on their report, and (e)&nbsp;individual exemptions for asset valuation granted by the Superintendency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, financial entities may not distribute profits with the profit arising from the application of IFRS for the first time,
and must set up a special reserve that can only be canceled for capitalization or to absorb any negative balances from the item
 &ldquo;Unassigned Results.&rdquo; See &ldquo;<I>Item 4.B Business overview&mdash;Argentine Banking Regulation&mdash;Liquidity
and Solvency Requirements&mdash;Requirements Applicable to Dividend Distribution</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
distribution of dividends to us by the Bank has been authorized by the Central Bank in the past, it is possible that in the future
the Central Bank may limit the Bank&rsquo;s ability to distribute dividends approved by its shareholders at the annual ordinary
shareholders&rsquo; meeting without its prior consent, or such authorization may not be for the full amount of distributable dividends.
By virtue of Communication &ldquo;A&rdquo; 7181 of the Central Bank, dividend distributions by financial entities is currently
suspended at least until June 30, 2021.</FONT></P>

<!-- Field: Page; Sequence: 38; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Restrictions
on transfers of foreign exchange and the repatriation of capital from Argentina may impair your ability to receive dividends and
distributions on, and the proceeds for any sale of, the Class&nbsp;B shares underlying the ADSs.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange
controls currently in place could impair or prevent the conversion of anticipated dividends, distributions, or the proceeds from
any sale of Class&nbsp;B shares, as the case may be, from Pesos into U.S. dollars and the remittance of the U.S. dollars abroad.
In particular, with respect to the dividends and distributions on any sale of Class&nbsp;B shares underlying the ADSs, as of the
date of this annual report, the conversion from Pesos into U.S. dollars and the remittance of such U.S. dollars abroad is subject
to prior Central Bank approval, which may not be granted. Access to the free foreign exchange market (&ldquo;MLC,&rdquo; as per
its Spanish acronym) to pay dividends to non-resident shareholders is granted subject to the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum
                                         amounts</U>: the total amount of transfers made through the MLC for payment of dividends
                                         to non-resident shareholders may not exceed the 30% of the total value of the capital
                                         contributions made in the relevant local company that entered and settled through the
                                         MLC as of January 17, 2020. The total amount paid to non-resident shareholders shall
                                         not exceed the corresponding amount denominated in Argentine Pesos determined by the
                                         shareholders&rsquo; meeting to be distributed as dividends.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Minimum
                                         Period</U>: access to the MLC will only be granted after a period of not less than thirty
                                         (30) calendar days has elapsed as from the date of the settlement of the last capital
                                         contribution that is taken into account for determining the aforementioned 30% cap.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Documentation
                                         requirements</U>: dividends must be the result of closed and audited balance sheets.
                                         When requesting access to the MLC for this purpose, evidence of the definitive capitalization
                                         of capital contributions must be provided or, in lack thereof, evidence of filing of
                                         the process of registration of the capital contribution before the Public Registry shall
                                         be provided. In this case, evidence of the definitive capitalization shall be provided
                                         within 365 calendar days from the date of the initial filing with the Public Registry.
                                         If applicable, the external assets and liabilities reporting regime set forth by Communication
                                         &ldquo;A&rdquo; 6401 of the Central Bank (the &ldquo;External Assets and Liabilities
                                         Reporting Regime&rdquo;) shall have been complied with.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the exchange rate fluctuates significantly during a time when the Depositary (as defined in &ldquo;<I>Item 12.D American Depositary
Shares</I>.&rdquo;) cannot convert or reinvest the foreign currency, you may lose some or all of the value of the dividend distribution.
Also, if payments cannot be made in U.S. dollars abroad, the repatriation of any funds collected by foreign investors in Pesos
in Argentina may also be subject to restriction. Moreover, available mechanisms to receive dividends in U.S. dollars may involve
a significantly higher implicit exchange rate. See &ldquo;<I>Item 10.D Exchange Controls&mdash;Other Regulations&mdash;Sale of
Foreign Curency to Non-residents</I>.&rdquo;</FONT></P>

<!-- Field: Page; Sequence: 39; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are traded on more than one market and this may result in price variations; in addition, investors may not be able to easily move
shares for trading between such markets.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to the trading of our ADSs in the United States and countries other than Argentina, our Class&nbsp;B shares are traded
in Argentina. Trading in the ADSs or our Class&nbsp;B shares on these markets will take place in different currencies (U.S. dollars
on the New York Stock Exchange (&ldquo;NYSE&rdquo;) and Pesos on ByMA), and at different times (resulting from different time
zones, different trading days and different public holidays in the United States and Argentina). The trading prices of these securities
on these two markets may differ due to these and other factors. Any decrease in the price of our Class&nbsp;B shares on the ByMA
could cause a decrease in the trading price of the ADSs on the NYSE. Investors could seek to sell or buy our shares to take advantage
of any price differences between the markets through a practice referred to as arbitrage. Any arbitrage activity could create
unexpected volatility in both our share prices on one exchange, and the ADSs available for trading on the other exchange. In addition,
holders of ADSs will not be immediately able to surrender their ADSs and withdraw the underlying Class&nbsp;B shares for trading
on the other market without effecting necessary procedures with the Depositary. This could result in time delays and additional
cost for holders of ADSs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Under
Argentine Corporate Law, shareholder rights may be fewer or less well defined than in other jurisdictions.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
corporate affairs are governed by our bylaws and by the AGCL, which differ from the legal principles that would apply if we were
incorporated in a jurisdiction in the United States (such as Delaware or New York), or in other jurisdictions outside Argentina.
Thus, your rights or the rights of holders of our Class&nbsp;B shares under the AGCL to protect your or their interests relative
to actions by our Board of Directors may be fewer and less well defined than under the laws of those other jurisdictions. Although
insider trading and price manipulation are illegal under Argentine law, the Argentine securities markets may not be as highly
regulated or supervised as the U.S. securities markets or markets in some of the other jurisdictions. In addition, rules and policies
against self-dealing and regarding the preservation of shareholder interests may be less well defined and enforced in Argentina
than in the United States, or other jurisdictions outside Argentina, putting holders of our Class&nbsp;B shares and the ADSs at
a potential disadvantage.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Holders
of our Class&nbsp;B shares and the ADSs located in the United States may not be able to exercise preemptive rights.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the AGCL, if we issue new shares as part of a capital increase, our shareholders may have the right to subscribe to a proportional
number of shares to maintain their existing ownership percentage. Rights to subscribe for shares in these circumstances are known
as preemptive rights, pursuant to the AGCL. In addition, shareholders are entitled to the right to subscribe for the unsubscribed
shares remaining at the end of a preemptive rights offering on a <I>pro rata</I> basis, which are known as accretion rights. Upon
the occurrence of any future increase in our capital stock, United States holders of Class&nbsp;B shares or ADSs will not be able
to exercise the preemptive and related accretion rights for such Class&nbsp;B shares or ADSs unless a registration statement under
the Securities Act is effective with respect to such Class&nbsp;B shares or ADSs or an exemption from the registration requirements
of the Securities Act is available. We are not obligated to file a registration statement with respect to those Class&nbsp;B shares
or ADSs. We may not file such a registration statement, or an exemption from registration may not be available. Unless those Class&nbsp;B
shares or ADSs are registered or an exemption from registration applies, a U.S. holder of our Class&nbsp;B shares or ADSs may
receive only the net proceeds from those preemptive rights and accretion rights if those rights can be sold by the Depositary;
if they cannot be sold, they will be allowed to lapse. Furthermore, the equity interest of holders of Class&nbsp;B shares or ADSs
located in the United States may be diluted proportionately upon future capital increases.</FONT></P>

<!-- Field: Page; Sequence: 40; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Your
voting rights with respect to the ADSs are limited by the terms of the deposit agreement.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
may exercise voting rights with respect to the Class&nbsp;B shares underlying ADSs only in accordance with the provisions of the
deposit agreement. There are no provisions under Argentine law or under our bylaws that limit ADS holders&rsquo; ability to exercise
their voting rights through the depositary with respect to the underlying Class&nbsp;B shares, except if the depositary is a foreign
entity and it is not registered with the Inspecci&oacute;n General de Justicia (&ldquo;IGJ&rdquo;), and in this case, the depositary
is registered with the IGJ. However, there are practical limitations upon the ability of ADS holders to exercise their voting
rights due to the additional procedural steps involved in communicating with such holders. For example, Argentine Capital Markets
Law requires us to notify our shareholders by publications in certain official and private newspapers of at least 20 and no more
than 45 days in advance of any shareholders&rsquo; meeting. ADS holders will not receive any notice of a shareholders&rsquo; meeting
directly from us. In accordance with the deposit agreement, we will provide the notice to the Depositary, which will in turn,
if we so request, as soon as practicable thereafter provide to each ADS holder:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         notice of such meeting;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">voting
                                         instruction forms; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
                                         statement as to the manner in which instructions may be given by holders.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
exercise their voting rights, ADS holders must then provide instructions to the Depositary on how to vote the shares underlying
ADSs. Because of the additional procedural step involves the Depositary, the process for exercising voting rights will take longer
for ADS holders than for holders of Class&nbsp;B shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Except
as described in this annual report, holders will not be able to exercise voting rights attaching to the ADSs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
relative volatility and illiquidity of the Argentine securities markets may substantially limit your ability to sell Class&nbsp;B
shares underlying the ADSs at the price and time you desire.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investing
in securities that trade in emerging markets, such as Argentina, often involves greater risk than investing in securities of issuers
in the United States. The Argentine securities market is substantially smaller, less liquid, more concentrated and can be more
volatile than major securities markets in the United States, and is not as highly regulated or supervised as some of these other
markets. There is also significantly greater concentration in the Argentine securities market than in major securities markets
in the United States. As of December&nbsp;31, 2020, the ten largest companies in terms of market capitalization represented approximately
65% of the aggregate market capitalization of ByMA. Accordingly, although you are entitled to withdraw the Class&nbsp;B shares
underlying the ADSs from the Depositary at any time, your ability to sell such shares at a price and time at which you wish to
do so may be substantially limited. Furthermore, exchange controls imposed by the Central Bank could have the effect of further
impairing the liquidity of the ByMA by making it unattractive for non-Argentines to buy shares in the secondary market in Argentina.
See &ldquo;<I>Item 10.D Exchange Controls</I>.&rdquo;</FONT></P>

<!-- Field: Page; Sequence: 41; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Substantial
sales of our Class&nbsp;B shares or the ADSs could cause the price of the Class&nbsp;B shares or of the ADSs to decrease.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have shareholders that own a substantial amount of our Class&nbsp;B shares or ADSs. If such shareholders decide to sell a substantial
amount of our Class&nbsp;B shares or the ADSs, or if the market perceives they intend to sell a substantial amount of our Class&nbsp;B
shares or the ADSs, the market price of our Class&nbsp;B shares or the ADSs could drop significantly.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
shareholders may be subject to liability for certain votes of their securities.</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
shareholders are not liable for our obligations. Instead, shareholders are generally liable only for the payment of the shares they subscribe.
However, shareholders who have a conflict of interest with us and who do not abstain from voting may be held liable for damages to us,
but only if the transaction would not have been approved without such shareholders&rsquo; votes. Furthermore, shareholders who willfully
or negligently vote in favor of a resolution that is subsequently declared void by a court as contrary to the AGCL or our bylaws may
be held jointly and severally liable for damages to us or to other third parties, including other shareholders.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a012"></A>Item
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information of the Company</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a013"></A>Item
4.A&nbsp;&nbsp;&nbsp;&nbsp;History and development of the Company</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are a financial group with a long-standing presence in the Argentine financial system and a leading competitive position in certain
attractive market segments. We are controlled by Julio Patricio Supervielle. We trace our history back more than 130 years, when
the Supervielle family, predecessors of our controlling shareholder, first entered the Argentine financial services industry in
1887. Below is a brief history of our company, including the participation of the Supervielle family.</FONT></P>

<!-- Field: Page; Sequence: 42; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
y C&iacute;a. Banqueros</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
predecessors of our controlling shareholder emigrated from France in the second half of the 19<SUP>th</SUP> century and established
L.B. Supervielle y C&iacute;a. Banque Francaise (later Banco de Montevideo S.A.) in Montevideo, Uruguay. In 1887, they established
Supervielle y C&iacute;a. Banqueros (a subsidiary of L.B. Supervielle y C&iacute;a. Banque Francaise) in Buenos Aires. Supervielle
y C&iacute;a. Banqueros offered demand deposits, time deposits, savings accounts, securities trading orders, purchases and sales
of foreign currency and drafts and letters of credit payable in European financial centers. Luis Bernardo Supervielle managed
the bank until his death in 1901, whereupon the bank&rsquo;s management transferred to his son, Luis Supervielle, and subsequently
to Esteban Bar&oacute;n, son-in-law of Luis Bernardo Supervielle, who in 1905 became president of Supervielle y C&iacute;a. Banqueros.
Mr.&nbsp;Bar&oacute;n managed the bank from 1905 until 1930, and subsequently served on the board of the bank as an honorary president
until 1964. Mr.&nbsp;Bar&oacute;n&rsquo;s son, Andr&eacute;s Bar&oacute;n, joined the bank in 1925 and took over its general management
in 1930, also becoming chairman of the board of the bank in 1940. He carried out these functions until 1964, and then served on
the board of the bank as an honorary president.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December&nbsp;30, 1940, Banco Supervielle de Buenos Aires S.A., a bank controlled by the Bar&oacute;n and Supervielle families,
acquired the assets and liabilities of Supervielle y C&iacute;a. Banqueros and listed its shares on the Buenos Aires Stock Exchange.
Esteban Bar&oacute;n and his son, Andr&eacute;s Bar&oacute;n Supervielle, continued to manage the operations of this bank until
1964.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
1964, Soci&eacute;t&eacute; G&eacute;n&eacute;rale (Paris) acquired a majority of the capital stock of Banco Supervielle de Buenos
Aires S.A. from the Baron and Supervielle families, transforming it into a universal bank with 60 branches and a significant presence
in the corporate market. Following the acquisition of control by Soci&eacute;t&eacute; G&eacute;n&eacute;rale, the Supervielle
family had no role in the management of Banco Supervielle. In 1997, Banco Supervielle de Buenos Aires S.A. created Soci&eacute;t&eacute;
G&eacute;n&eacute;rale Asset Management Sociedad Gerente de FCI S.A. In March&nbsp;2000, the name Banco Supervielle de Buenos
Aires S.A. was changed to Banco Soci&eacute;t&eacute; G&eacute;n&eacute;rale S.A.</FONT></P>

<!-- Field: Page; Sequence: 43; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banco
Banex S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
1969, Jules Henri Supervielle, the father of Julio Patricio Supervielle, our controlling shareholder, and cousin of the Supervielle
family members who had owned and managed Banco Supervielle de Buenos Aires S.A. until 1964, founded Exprinter de Finanzas S.A.,
which became Exprinter Banco S.A. in 1991. On July 15, 1996, Exprinter Banco S.A. acquired 100% of the capital stock of Banco
San Luis S.A. pursuant to a public bidding process organized by its owner, the Province of San Luis. The acquisition was part
of a strategic plan aimed at growing in the interior of the country and penetrating the retail and the SMEs segments. In 1998,
Exprinter Banco S.A. and Banco San Luis S.A. merged to create Banco San Luis S.A. Banco Comercial Minorista, and was later renamed
Banco Banex S.A.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Creation
of Holding Company</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grupo
Supervielle was incorporated in the City of Buenos Aires in 1979, under the name Inversiones y Participaciones S.A., changing
the name to Grupo Supervielle S.A. in November 2008.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Banco Soci&eacute;t&eacute; G&eacute;n&eacute;rale S.A. by Banco Banex S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In March&nbsp;2005, the Central
Bank approved the purchase by Banco Banex S.A. of a majority stake in Banco Soci&eacute;t&eacute; G&eacute;n&eacute;rale S.A., Supervielle
Asset Management Sociedad Gerente de FCI S.A. and Sofital. Upon consummation of this acquisition, Banco Soci&eacute;t&eacute; G&eacute;n&eacute;rale
S.A.&rsquo;s corporate name was changed to Banco Supervielle S.A. At the time of the purchase, the total assets of Banco Banex S.A. were
61.3% of the total assets of Banco Societ&eacute; G&eacute;n&eacute;rale S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Merger
of Banco Banex S.A. and Banco Supervielle S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
July&nbsp; 2007, with the prior approval of the Central Bank, Banco Banex S.A. merged into the Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Banco Regional de Cuyo S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
September&nbsp;2008, the Bank finalized the acquisition of 99.94% of the capital stock of Banco Regional de Cuyo S.A. The Banco
Regional de Cuyo S.A. merged with and into the Bank in November&nbsp;2010.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Tarjeta Autom&aacute;tica S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
December&nbsp;2007, we acquired 51% of Tarjeta&rsquo;s capital stock. The remaining 49% was held by Acalar S.A., an Argentine
<I>sociedad an&oacute;nima</I> wholly owned by the Coqueugniot family (Gabriel A. Coqueugniot, Cecilia B. Coqueugniot, M&oacute;nica
I. Coqueugniot, and Diana I. Coqueugniot), in equal parts. Following several stock transfers that took place in 2009 and 2010,
as of the date of this annual report Tarjeta&rsquo;s capital stock is held 87.5% by Grupo Supervielle, 10.0% by the Bank, and
2.5% by CCF.</FONT></P>

<!-- Field: Page; Sequence: 44; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of CCF</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
July&nbsp;2010, Grupo Supervielle and the Bank agreed to acquired 100% of CCF, a financial services company that specialized in
credit cards, personal loans and the distribution of certain third-party insurance products. In August&nbsp;2011, the purchase
was completed through a stock transfer in which 5% and 95% of the total shares were transferred to Grupo Supervielle and the Bank,
respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
a strategic alliance with Walmart Argentina, CCF has exclusive rights to promote and sell financial and credit products in Walmart
Argentina stores nationwide through August 31, 2021. In November 2020, Walmart Argentina sold the entire operation to Grupo De
Narv&aacute;ez, which has not adversely affected the agreement since the strategic partnership with the new shareholder is maintained
and negotiations to renew the agreement have already started.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
acquired CCF to further our strategy of increasing our market share in the Argentine banking and financial services industry through
the strategic purchase of financial services companies and financial institutions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
August&nbsp;2011, the shareholders of CCF approved its change of corporate name from GE Cordial Compa&ntilde;&iacute;a Financiera
S.A. to Cordial Compa&ntilde;&iacute;a Financiera S.A. On November 2, 2020, the change of its corporate name to IUD&Uacute; Compa&ntilde;&iacute;a
Financiera S.A. was approved, although as of the date of this annual report such change of corporate name is pending registration.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Creation
of Espacio Cordial Servicios S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
October&nbsp;2012, the Board of Directors created a new entity called ECM S.A., which was later renamed Espacio Cordial Servicios
S.A. Cordial Servicios was created to sell non-financial products and services, such as: insurance plans and coverage, tourism
packages, health insurance and health services, electric appliances and furniture, insurance mechanisms and plans and alarm systems.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Supervielle Seguros S.A. (formerly known as Aseguradores de Cr&eacute;ditos del Mercosur S.A.)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
February&nbsp;2013, we and Sofital accepted an offer for the acquisition of 100% of the shares of an insurance company named Aseguradores
de Cr&eacute;ditos del Mercosur S.A. In June&nbsp;2013, 95% of the shares of Aseguradores de Cr&eacute;ditos del Mercosur S.A.
were transferred to us and the remaining 5% of the shares were transferred to Sofital. In October&nbsp;2013, Aseguradores de Cr&eacute;ditos
del Mercosur S.A. was renamed Supervielle Seguros S.A.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successful
IPO in May&nbsp;2016</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
May&nbsp;19, 2016, the ordinary Class&nbsp;B shares of Grupo Supervielle S.A. are listed on ByMA, and its American Depositary
Shares (&ldquo;ADSs&rdquo;), representing five ordinary Class&nbsp;B shares, are listed in the NYSE under the ticker &ldquo;SUPV.&rdquo;
At the time, Grupo Supervielle made an initial public offer of its Class&nbsp;B shares in Argentina and of its ADSs in the international
markets for an aggregate amount of U.S.$323&nbsp;million. Through the offering, Grupo Supervielle placed 146,625,087 ordinary
Class&nbsp;B shares, of which 137,095,955 were placed internationally in the form of ADSs. In the offering, 114,807,087 were newly
issued ordinary Class&nbsp;B shares while 31,818,000 were sold pursuant to a secondary offering.</FONT></P>

<!-- Field: Page; Sequence: 45; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitalization
of an in-kind contribution and resulting capital stock increase</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At the ordinary and extraordinary shareholders&rsquo; meeting of Grupo
Supervielle held on April&nbsp;27, 2017, the shareholders of Grupo Supervielle approved the capitalization of an in-kind contribution
of 7,672,412 shares of common stock of Sofital made by Mr.&nbsp;Julio Patricio Supervielle and an increase of the capital stock of Grupo
Supervielle through the issuance of up to 8,032,032 new Class&nbsp;B shares. In connection with the capital increase, a total of 7,494,710
new Class&nbsp;B shares were subscribed as follows: on July&nbsp;18, 2017, 4,321,208 were issued to Mr.&nbsp;Julio Patricio Supervielle
in return for the in-kind contribution, representing 57.7% of the total capital increase, and 3,173,502 Class&nbsp;B shares were issued
to existing shareholders of Grupo Supervielle who exercised their preemptive and accretion rights with respect to the capital increase,
representing 42.3% of the total capital increase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successful
completion of follow-on and capital increase</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
September 2017, Grupo Supervielle made an increase of capital stock through an offer of Class&nbsp;B shares. Simultaneously with
the offer, Grupo Supervielle made an offer of preemptive and accretive rights of Class&nbsp;B shares to existing shareholders.
As a result of the offer, Grupo Supervielle issued a total of 85,449,997 new Class&nbsp;B shares for a total of U.S.$344.0&nbsp;million.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Creation
of Fideicomiso Financiero Fintech Supervielle I</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
February&nbsp;16, 2018, the Board of Directors approved the creation of Fideicomiso Financiero Fintech Supervielle I to invest
in financial technology (fintech) and insurance technology (insurtech) start up projects for an amount up to U.S.$3&nbsp;million.
The Fideicomiso Financiero Fintech Supervielle I has made investments with minor participations in the following start up projects
since its creation: 123Seguro, Increase, Avancargo, Blended and more recently in March 2021, SixClovers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Micro Lending S.A.U.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
April&nbsp;6, 2018, Grupo Supervielle approved an offer to acquire 100% of the share capital of Micro Lending S.A.U. (&ldquo;MILA&rdquo;).
MILA specializes in car financing, particularly for used cars. On May&nbsp;2, 2018, Grupo Supervielle closed the acquisition of
MILA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of the capital stock of InvertirOnline S.A.U. and InvertirOnline.com Argentina S.A.U.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May&nbsp;24, 2018, we acquired the capital stock of the online trading platform InvertirOnline (&ldquo;InvertirOnline&rdquo;),
through the purchase of both InvertirOnline S.A.U. and InvertirOnline.com Argentina S.A.U.</FONT></P>

<!-- Field: Page; Sequence: 46; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conversion
of Class A shares</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
April 24, 2019, and as per the request of Mr. Julio Patricio Supervielle, the Board of Directors of Grupo Supervielle authorized
the conversion of 65,000,000 Class A shares, with a par value of Ps.1.00each and entitled to five votes per share, held by Mr.
Supervielle, into Class B shares, with a par value of Ps.1.00 each and entitled to one vote per share, in the the terms of article
6 (b) our bylaws.&nbsp;On May 9, 2019, the aforementioned conversion was approved by the CNV.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Creation
of Bolsillo Digital S.A.U.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 12, 2019, Bolsillo Digital S.A.U. was created. This company is a Fintech which was introduced in the fast-growing industry
of means of payment, which designs and develops products and services for payment processing, offering solutions to businesses
and individuals, facilitating their integration into the digital payments system. We are the sole shareholder of Bolsillo Digital
S.A.U.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bolsillo
Digital carries out its main activity today as a provider of payment services, actively participating in the growth of Grupo Supervielle&rsquo;s
business. Bolsillo Digital also seeks to promote digitization, reduce the use of cash and promote financial inclusion by providing
more opportunities to merchants, professionals, SMEs and entrepreneurs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of deautos.com by Espacio Cordial de Servicios S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 18, 2019, Espacio Cordial de Servicios S.A. acquired deautos.com, a platform of new and pre-owned cars and one of the leading
sites in its category with more than 10 years in the market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
this acquisition, the Consumer Finance Segment of Grupo Supervielle seeks to continue enhancing the customer experience through
digital transformation, widening the offering of consumer products and increasing cross selling to drive higher efficiency and
profitability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
acquisition of deautos.com platform allows us to create an innovative and disruptive business model in the online car market powered
by MILA&rsquo;s relationship with agencies and dealers, provide a new car digital platform experience for users, integrating and
simplifying the financial offer, insurance and services of the segment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Creation
of Supervielle Productores Asesores de Seguros S.A. (&ldquo;Supervielle Broker de Seguros&rdquo;)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December&nbsp;21, 2018, Supervielle Broker de Seguros was created, which has the exclusive purpose of carrying out the insurance
intermediation activity, promoting the contracts of life insurance, wealth and pension insurance premiums, and advising customers
and potential customers. Grupo Supervielle owns more than 99% of its share capital, directly and indirectly. Supervielle Productores
Asesores de Seguros S.A began operating in the second half of 2019.</FONT></P>

<!-- Field: Page; Sequence: 47; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Futuros del Sur S.A. (in the process of being renamed Supervielle Agente de Negociacion S.A.U.)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December 18, 2019, Supervielle acquired 100% of the share ownership of brokerage firm Futuros del Sur S.A., seeking to broaden
the investment and financial services it provides to institutional and corporate customers and also drive efficient and profitable
cross selling. Futuros del Sur S.A. is in the process of being renamed Supervielle Agente de Negociaci&oacute;n S.A.U.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisition
of Easy Cambio S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In October 2020, Grupo Supervielle acquired Easy
Cambio S.A., a foreign exchange broker authorized by the Central Bank. Through this acquisition we seek to broaden our offer of financial
services by allowing individual customers countrywide to operate in the FX markets by using the latest technologies available.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executive
Offices</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
principal executive offices are located at Bartolom&eacute; Mitre 434, Buenos Aires, Argentina. Our general telephone number is
+54-11-4340-3100. Our website is http://www.gruposupervielle.com. Information contained or accessible through our website is not
incorporated by reference in, and should not be considered part of, this annual report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
file reports, including our annual reports on Form 20-F, and other information with the SEC pursuant to the rules and regulations
of the SEC that apply to foreign private issuers. The SEC maintains an internet site that contains reports, proxy and information
statements, and other information regarding issuers that file electronically with the SEC. Any filings we make electronically
with the SEC are available to the public over the Internet at the SEC&rsquo;s web site at http://www.sec.gov.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
agent for service of process in the United States is CT Corporation System, located at 111 Eighth Avenue, New York, New York,
10011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a014"></A>Item
4.B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Overview</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Overview</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are a financial services
platform in Argentina with a leading competitive position in certain market segments that are strategic for our Group. Our philosophy
focuses on agility as a key part of our work culture, with the client at the center of all our actions through the generation of profitable
value propositions and promoting digital adoption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
our main subsidiary, the Bank, we trace our origins to the banking house Supervielle y C&iacute;a. Banqueros, established in 1887.
Our long-standing presence in Argentina&rsquo;s financial sector has allowed us to establish strong long-term relationships with
our customer base, build a reputation for personalized customer service and establish the Supervielle brand as a recognized household
name in the Argentine banking industry for both individuals and corporations, as well as in the securitization and corporate bond
segments of the local capital markets. Our controlling shareholder has a strong commitment to the Argentine financial system.
Julio Patricio Supervielle is the Chairman of the Board of Directors and the CEO of Grupo Supervielle and has led Grupo Supervielle
for over 20 years. During his tenure, we have experienced growth in terms of net worth, assets, deposits and our network, and
we have successfully completed some of our most significant acquisitions. We rely on a Board of Directors whose members collectively
have extensive experience in retail and commercial banking, a deep understanding of local business sectors and strong capabilities
in risk management, finance, capital markets, M&amp;A and corporate governance. In addition, our senior management team is comprised
of seasoned officials and experts in their fields that foster a business culture of high performance.</FONT></P>

<!-- Field: Page; Sequence: 48; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our subsidiaries are: Banco
Supervielle, which is the 8th largest private bank in Argentina in terms of loans; the consumer finance division made up of CCF, a digital
banking services platform; Tarjeta Autom&aacute;tica, a distribution network for consumer finance mainly in southern Argentina; MILA,
a company specialized in the financing of auto loans; Espacio Cordial, a retail non-financial products, assistance, services and tourism;
Supervielle Seguros, an insurance company; Supervielle Productores Asesores de Seguros, an insurance broker; Supervielle Asset Management,
a mutual fund management company; InvertirOnline.com, a broker specialized in online trading; Bolsillo Digital S.A.U., a company that
provides payment solutions to retailers with Mobile POS and mobile wallet products through its IUD&Uacute; PAGO brand; Futuros del Sur
(in the process of registering the change of its name by Supervielle Agente de Negociaci&oacute;n) which is a brokerage firm aimed at
institutional and corporate customers, and Easy Cambio S.A., a currency exchange broker. The portfolio of companies in our Group is completed
by a company whose main activity is the holding of shares in the same companies of Grupo Supervielle, Sofital S.A.F.e I.I.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, our infrastructure is supported by a strategic presence through 302 access points, which include 185 bank
branches, 13 bank sales and collection centers and 79 CCF sales points located within Walmart Supermarkets; 20 Tarjeta Autom&aacute;tica
branches, 5 MILA branches (added to its network of 579 related agencies), 457 ATMs, 221 self-service terminals and 256 Supervielle
own-experience ATMs with integrated biometrics and not requiring the use of a password or plastic card. Moreover, we offer banking
solutions through our digital channels, applications and solutions developed for different business segments, and also offer products
and services through our digital attackers&rsquo; platforms to clients located countrywide.</FONT></P>

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

<!-- Field: Page; Sequence: 49; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020, we continued to expand our ecosystem, and served more than 1.9 million active customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Note.
(i) Loans and Deposits Market share: Banco Supervielle Market Share among Argentine Private banks. (ii)&nbsp;Insurance Market
share among the insurance lines we underwrite</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Financial
Services</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
own the eighth largest Argentine private bank in terms of loans. Through the bank, we serve 1.4 million individual active customers,
around 21,000 Small Business, 2,000 SMEs and 2,300 Corporates and we maintain a competitive leading position in certain strategic
segments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">According
to calculations based on Central Bank and other third-party information, our share for the following products is as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
                                         loans (advanced by the Argentine private financial system): our market share as of September
                                         30, 2020 was 7.4%, compared to a 7.0% market share as of December 31, 2019;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leasing
                                         (made by the Argentine private banks): a 18.7% market share as of September 30, 2020,
                                         compared to a market share of 19.9% as of December 31, 2019;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
                                         factoring market share of the Argentine private financial system as of December 31, 2020
                                         was 8.7%, compared to a 9.5% market share as of December 31, 2019; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MasterCard
                                         credit cards with a 9.2% market share as of December 31, 2020, compared to a 9.3% market
                                         share as of December 31, 2019.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
based on the latest information published by ANSES, we made 10.8% of all social security payments to senior citizens in Argentina
in September 2020, compared to 11.2% in June&nbsp;2019.</FONT></P>

<!-- Field: Page; Sequence: 50; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
the Bank, we maintain a strong geographic presence in the City of Buenos Aires and the Greater Buenos Aires metropolitan area,
which is Argentina&rsquo;s most commercially significant and highly populated area, and we are leaders in terms of our banking
network in some of Argentina&rsquo;s most dynamic regions, including Mendoza and San Luis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have a leading position in both the Provinces of Mendoza and San Luis, in which we have 200,000 and 195,000 active customers,
respectively. According to calculations based on Central Bank information, as of December 31, 2020 in these Provinces we had a
market share of loans to private sector of 21.7% and 53.8%, respectively, and a market share of deposits from private sector of
10.9% and 63.3% respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Regarding our consumer finance
business, during 2020 CCF consolidated its digital transformation with the launching of IUD&Uacute;, an innovative digital financial services
platform available at Google Play and App Store. CCF&rsquo;s business model is based on providing financing solutions to specific target
groups, mainly medium-to-low-income population (segments C2 and C3), and is currently consolidating in the field of comprehensive financial
services through the development of new accounts deposits and investment and to a wider customer segment, offering a personalized and
omnichannel experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
launching of the IUD&Uacute; platform was a key player in the transformation of the industry, expanding digital proposals based
on an innovative app, with 100% digital onboarding to apply for personal loans, credit cards and carry out all transactions personally,
such as checking purchases made and managing payments. In the near future, customers will also have access to a comprehensive
and complete offer of digital banking products and services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
omnichannel concept enables CCF to be present countrywide, and it is currently settled in 22 provinces through 99 points of sales
of its 2 main marketing channels: Walmart financial services and Tarjeta Autom&aacute;tica, and the digital channel through the
web, the social media and Google Play and App Store apps: Walmart Tarjeta App, Carta App and IUD&Uacute;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
through the Fideicomiso Financiero Supervielle I, our corporate venture capital fund that focuses on creating incremental business
opportunities for our subsidiaries, we made strategic investments in several fintechs and insurtechs start ups, including (i)
Increase, a financial solutions platform for stores and businesses; (ii) Avancargo, a company that uses technology to facilitate
cargo freight contracts to match demand and supply; and (iii) Blended, a comprehensive school management platform for kinder,
primary and high school levels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Insurance</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
insurance business is continuously adapting its products to the needs of our customers throughout their lives. We have access
to customers through our distribution networks and aim to further develop our bancassurance distribution model by expanding the
variety of insurance products offered.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Seguros sells insurance policies it underwrites such as personal accidents, protected bag, life, home, broken bones, among others,
through our distribution network and the digital channels. In turn, Supervielle Productores Asesores de Seguros has continued
focusing in 2020 on entrepreneurs and small businesses and SMEs, offering advisory services to customers and adding value to our
comprehensive product proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 51; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
with the vision to create incremental business opportunities for our companies, we invested in 123Seguro, an online car insurance
broker, through our corporate venture capital fund.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, we have issued 500,000 gross written premiums reaching as of December 31, 2020, 1.76% market share among
the insurance lines we underwrite.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Investments
 &amp; Savings solutions</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
offer investments and savings solutions to our customers through a wide range of products. Through Supervielle Asset Management,
we have 15 mutual funds designed to meet customers&rsquo; particular investment objectives and risk profiles. As of December 30,
2020, assets under management reached Ps. 38.8 billion increasing 70% from December 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the other hand, we own InvertirOnline, a digital online broker that
offers brokerage and savings and investment services based on an agile, simple, transparent and innovative platform, suitable for the
profile of each client. Through this value proposition we follow a purpose of reinventing the way of investing to boost people's income
and savings. The online platform ranks 2nd in the local ByMA exchange ranking on Equity, CEDEARs (<I>Certificado de Dep&oacute;sito Argentinos</I>)
and options trading, and it has an 8% market share in these assets. In 2020, 134,000, new accounts were opened, more than doubling the
number of accounts opened in the previous year. DART (Daily Average Revenue Trades) reached nearly 20,500 in 2020 up from less than 5,600
in 2019. Additionally, in 2020 we acquired Easy Cambio S.A. seeking to expand the offer of financial services to individual clients located
countrywide, allowing them to make FX exchanges by using the latest technologies available. Finally, we contribute to improve financial
education with around 23,000 participants attending financial courses education offered by InvertirOnline Academy in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Payments</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In June 2020, we launched IUD&Uacute; PAGO, a payment facilitator app
through which companies and individuals with commercial activity are offered the possibility of charging with debit and credit cards,
through mPOS and payment link. The value proposition is currently integrated with virtual wallet products, such as &ldquo;Sube&rdquo;
charging, Prepaid Card (to make subscriptions, extraction and purchases) and cell phone recharge.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
we joined Play Digital S.A. (&ldquo;Modo&rdquo;, the systemic payment solution for banks in Argentina) as shareholder, with the
aim of expanding the offer of financial services to our clients throughout the country, integrating technologies that facilitate
the use of our applications on mobile devices, allowing them to operate in the digital market for payments and transfers through
a systemic solution of the highest quality standard.</FONT></P>

<!-- Field: Page; Sequence: 52; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
acquisition of deautos.com platform in 2019 allowed us to create an innovative and disruptive business model in the online car
market powered by our existing MILA&rsquo;s relationship with agencies and dealers, providing a new car digital platform experience
for users, integrating and simplifying the financial offer, insurance and services. As of December 31, 2020 we have granted 15,000
auto loans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Housing</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We offered housing solutions to our customers, through different value
propositions, such as mortgage loans and rental guarantees. As of December 31, 2020, we ranked the fifth largest private bank in terms
of mortgages with a 7% UVA mortages market share.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Non
financial services and products: Retail and Leisure, and Medical plans</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Building
on our banking sector expertise, we identify cross-selling opportunities and offer targeted products to our customers at each
point of contact though our brands Cordial and Tienda Supervielle marketplace which was used to sell home appliances, technology,
home and furniture, sport products, wellness and beauty, and tourism among others. In 2020, we sold more than 29,000 retail and leisure
products, and as of December 31, 2020 we had 310,000 active medical plans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December&nbsp;31, 2020 and 2019 on a consolidated basis, we had:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ps.249.2
                                         billion in total assets as of December 31, 2020, compared to Ps. 202.4 billion in total
                                         assets as of December 31, 2019;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ps.113.8
                                         billion in loans as of December 31, 2020, compared to Ps.129.0 billion in loans as of
                                         December 31, 2019;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ps.178.6
                                         billion in deposits as of December 31, 2020, including Ps.7.9 billion from the non-financial
                                         public sector, Ps.57.4 million from the financial sector and Ps.170.7 billion from the
                                         non-financial private sector compared to Ps.121.2 billion in deposits as of December
                                         31, 2019, including Ps.7.4 billion from the non-financial public sector, Ps.38.3 million
                                         from the financial sector and Ps.113.7 billion from the non-financial private sector;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ps.35.7
                                         billion in attributable shareholders&rsquo; equity as of December 31, 2020 compared to
                                         Ps.31.9 billion in attributable shareholders&rsquo; equity as of December 31, 2019; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,021
                                         employees as of December 31, 2020, compared to 5,084 employees as of December 31, 2019.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 53; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Subsidiaries</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following information is related to our subsidiaries as of the date of this annual report:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 49%; text-indent: -0.125in; padding-left: 0.125in; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Subsidiary</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Jurisdiction
    of</B><BR>
    <B>incorporation</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name
    under which the</B><BR>
    <B>subsidiary does business</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banco
    Supervielle S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cordial
    Compa&ntilde;&iacute;a Financiera S.A. (in the process of being renamed as IUD&Uacute; Compa&ntilde;ia Financiera S.A.)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Walmart
                                         Servicios Financieros<BR>
                                         IUD&Uacute;<BR>
                                         Pesos Ya</FONT></P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tarjeta
    Autom&aacute;tica S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Carta
    Autom&aacute;tica<BR>
    Pesos Ya</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
    Seguros S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
    Seguros</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
    Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
    Asset Management</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Espacio
    Cordial de Servicios S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cordial</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Micro
    Lending S.A.U.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MILA</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">InvertirOnline
    S.A.U.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">invertirOnline</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">InvertirOnline.com
    Argentina S.A.U.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">invertirOnline.com</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
    Productores Asesores de Seguros S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
    Broker de Seguros</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Futuros
    del Sur S.A. (in the process of being renamed Supervielle Agente de Negociaci&oacute;n S.A.U.)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bolsillo
    Digital S.A.U.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="background-color: white">IUD&Uacute; PAGO</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Easy
    Cambio S.A.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sofital
    S.A.F. e I.I.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
</TABLE>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banco
Supervielle S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
own 97.10% of the share capital of the Bank and Sofital owns 2.79%. The Bank is a universal commercial bank and our largest subsidiary.
The Bank accounted for 96.2% of our total assets as of December&nbsp;31, 2020. The Bank operates in Argentina, and substantially
all of its customers, operations and assets are located in Argentina. It offers a wide variety of financial products and services
to retail, corporate and institutional customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to the Central
Bank, as of September 30, 2020, the Bank ranked 8<SUP>th</SUP> in terms of total loans, 10<SUP>th</SUP> in terms of deposits, and 10<SUP>th
</SUP>in terms of total assets among private banks in Argentina. In 2020, the Bank continued to be a leader among private banks with
respect to the payment of federal benefits to senior citizens in terms of the number of payments made. The Bank is also one of the leading
providers among private banks of (i)&nbsp;factoring services in Argentina with a 8.7% share as of December&nbsp;31, 2020 and (ii)&nbsp;leasing
services, with a market share estimated to be around 19% as of September 30, 2020.</P>

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

<!-- Field: Page; Sequence: 54; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December&nbsp;31, 2020, the Bank on a consolidated basis had total assets for Ps.240.7 billion, a total loan portfolio of Ps.104.7
billion and total deposits for Ps.178.8&nbsp;billion, and its shareholders&rsquo; equity totaled Ps.27.7 billion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For information regarding
banking business performance, see Personal &amp; Business, Banking, Corporate Banking and Bank Treasury segments information under the
section &ldquo;Segment Reporting&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cordial Compa&ntilde;&iacute;a Financiera S.A. (which has
filed to change its name to IUD&Uacute; Compa&ntilde;ia Financiera S.A.)</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
August 2011, we purchased CCF, a financial services division of General Electric in Argentina. CCF had been operating for more
than ten years in the Argentine market with financial products such as credit cards, personal loans, consumer loans and a wide
range of insurance products.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since 2000, through an agreement
with Walmart Argentina, CCF has had exclusive rights to promote and sell financial and credit products to Walmart Argentina customers
nationwide, including Changomas stores. The Walmart Argentina agreement grants CCF access, on an exclusive basis, to a distribution channel
that includes Walmart Argentina and Changomas stores located throughout Argentina and all future stores to be opened by Walmart Argentina
during the term of the agreement. On July 6, 2010, CCF renewed the Walmart Argentina agreement through August 31, 2015 and in December
2014, CCF renewed the agreement again, through August 31, 2020. On May 19, 2020, the expiration date of the agreement was extended until
August 31, 2021, and the parties thereto committed to make their best efforts to negotiate a new marketing contract. On November 6, 2020,
Walmart Inc. agreed to sell its business in Argentina to Grupo de Narva&#769;ez, a well-known name in Argentina conducting several retail
businesses in the country. Although the Narvaez Group has not been in the supermarket business in Argentina in recent years, they have
been building retail capabilities in other countries in the region. A renewal of the agreement and partnership with the retailer is currently
being negotiated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, CCF consolidated its digital transformation with the launching of IUD&Uacute;, an innovative digital financial services
platform available at Google Play and App Store. CCF&rsquo;s business model is based on providing financing solutions to specific
target groups, mainly C2 and C3, and is currently consolidating in the field of comprehensive financial services through the development
of new accounts deposits and investment and to a wider customer segment, offering a personalized and omnichannel experience.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank owns 95% of CCF&rsquo;s ordinary shares and Grupo Supervielle owns directly the remaining 5%. As of December&nbsp;31, 2020,
CCF had total assets of Ps.10.7 billion, net shareholders&rsquo; equity of Ps.2.9 billion and a personal loan portfolio, credit
card and car loan on balance of Ps.7.3 billion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding CCF business performance see Consumer Finance segment information under the section &ldquo;Segment Reporting&rdquo;.</FONT></P>

<!-- Field: Page; Sequence: 55; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tarjeta
Autom&aacute;tica S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tarjeta
consists of a network of branches created in 1996 with a strong positioning in the Patagonia region. At present it has 20 own
branches in 9 provinces. In December 2012 CCF began to market loans and credit cards under &ldquo;$YA&rdquo; and &ldquo;Carta
Autom&aacute;tica&rdquo; brands through Tarjeta branch channel which supplements the consumer finance division network. CCF&rsquo;s
commercial strategy in this channel is to offer a wide ranche of financial services and insurance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
channel&rsquo;s objective is to reach the leadership in the Patagonia region through a differential proposal: services similar
to those of a bank but with an approach similar to that of a regional financial entity. To meet the demand of our customers the
network focuses on the marketing of loans as the gateway.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grupo
Supervielle owns 87.50% of Tarjeta&rsquo;s ordinary shares, the Bank owns the 10.0% of such shares and CCF owns the remaining
2.5%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding Tarjeta business performance see Consumer Finance segment information under the section &ldquo;Segment Reporting&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Espacio
Cordial de Servicios S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Espacio
Cordial was created in October 2012 and began operating in December 2012. The company was created to sell various types of goods
and services related to insurance, tourism, health care plans and/or services and other goods and services set forth in its corporate
by-laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
own 95% of the share capital of Cordial and Sofital owns the remaining 5%. Directly and indirectly we own 100% of total shares
of Cordial.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of the corporate restructuring conducted in August 2018, Cordial Servicios became part of the Consumer Finance segment
of Grupo Supervielle.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2019, the company purchased Deautos.com, a new and second-hand vehicle purchase and sale platform, one of the leading sites
in its category with over 10 years in the market. The aim was to create a digital vehicle ecosystem, integrating and simplifying
the offer of services and increasing the synergy with other Grupo Supervielle companies to deliver a higher customer experience
through the best market offers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding Cordial business performance see Consumer Finance segment information under the section &ldquo;Segment Reporting&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Micro
Lending S.A.U.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MILA
is a company devoted to originating car financing loans and was acquired by Grupo Supervielle on May&nbsp;2, 2018. We own 100%
of the share capital of MILA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currently
MILA is ranked as one of the top five players in the new car financing market with 2.9% market share and achieved the second position
in the used car financing market with 10.4% market share. Regarding its distribution channel, MILA sells its products through
579 active dealers that allow the company to have presence in the whole country.</FONT></P>

<!-- Field: Page; Sequence: 56; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Seguros S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2013, we and Sofital purchased 100% of the shares of Supervielle Seguros (formerly known as Aseguradores de Cr&eacute;ditos
del Mercosur S.A. with no operations at the date of the acquisition). Supervielle Seguros began operations in October 2014.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding Supervielle Seguros business performanc,e see Insurance segment information under the section &ldquo;Segment
Reporting during&rdquo;.</FONT></P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Productores Asesores de Seguros S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
December&nbsp;21, 2018, we created Supervielle Broker de Seguros S.A. The company has the exclusive corporate purpose of carrying
out the insurance intermediation activity, promoting the contract of life insurance, wealth and pension insurance premiums, and
advising customers and potential customers. Grupo Supervielle directly owns 95% of its share capital (and indirectly owns 99.999987%
of its share capital). The company was renamed Supervielle Productores Asesores de Seguros S.A and began operation in the second
half of 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding Supervielle Productores Asesores de Seguros business performance, see Insurance segment information under
the section &ldquo;Segment Reporting&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Asset Management S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
own 95% of the share capital of SAM and Sofital owns the remaining 5%. Directly and indirectly we own 100% of total shares of
SAM.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
SAM, we have become a player in the mutual funds market with the &ldquo;Premier&rdquo; funds family.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding SAM business performance, see Asset Management &amp; Others segment information under the section &ldquo;Segment
Reporting&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">InvertirOnline
and InvertirOnline.com</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">InvertirOnline.com
is a digital online broker that offers brokerage and savings and investment services based on an agile, simple, transparent and
innovative platform, suitable for the profile of each client. Through this value proposition we follow a purpose of reinventing
the way of investing to boost people&rsquo;s income and savings. We own 100% of the share capital of InvertirOnline and InvertirOnline.com.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information regarding InvertirOnline business performance, see Asset Management &amp; Others segment information under the section
 &ldquo;Segment Reporting&rdquo;.</FONT></P>

<!-- Field: Page; Sequence: 57; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->






<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bolsillo
Digital S.A.U.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 12, 2019 we created Bolsillo Digital S.A.U. This company is a fintech in the fast-growing industry of means of payment that
designs and develops products and services for payment processing and offers solutions to businesses and individuals to facilitate
their integration into the digital payment system.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bolsillo
Digital carries out its main activity today as a provider of payment services, actively participating in the growth of Grupo Supervielle&rsquo;s
business. Bolsillo Digital also seeks to promote digitization, reduce the use of cash and promote financial inclusion by providing
more opportunities to merchants, professionals, SMEs and entrepreneurs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bolsillo
Digital&rsquo;s vision is to contribute to the development of a payments and collections ecosystem within Grupo Supervielle, where
customers can find solutions for issuance, acquisition, wallet, collection, electronic payments, e-commerce, among others.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2020, Bolsillo Digital launched an application under the brand &ldquo;IUD&Uacute; PAGO&rdquo; through which companies and
individuals with commercial activity are offered the possibility of charging with debit cards and credit, through mPOS and payment
link. The value offer is currently integrated with virtual wallet products, such as the transportation card &ldquo;SUBE&rdquo;
charging, Prepaid Card (to make subscriptions, withdrawals, and purchases) and cell phone recharge.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Futuros
del Sur S.A. (in process of changing its corporate name to Supervielle Agente de Negociaci&oacute;n S.A.U.)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December 18, 2019, Grupo Supervielle acquired 100% of the capital stock of Futuros del Sur S.A., a trading agent registered with
the CNV, the Argentine Securities Commission. Through this acquisition we seeked to expand the financial and investment services
to institutional and corporate customers and increase cross selling in an efficient and profitable way.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">While
in 2020 Futuros del Sur focused on proprietary trading transactions, the objective for 2021 is to boost trading operations and
provide brokerage services to institutional customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Easy
Cambio S.A.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In October 2020, we acquired 100% of the ordinary shares of Easy Cambio
S.A., a foreign exchange broker authorized by the Central Bank. With this acquisition we seek to broaden our offer of financial services
by allowing individual customers countrywide to operate in the FX markets using the latest technologies available for this purpose.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sofital
S.A.F. e I.I.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sofital
S.A.F. e I.I. is a<I>&nbsp;sociedad an&oacute;nima</I>&nbsp;whose main activity consists of holding participations in other companies.
As of the date of this annual report, Sofital holds 2.7944% of the capital stock of the Bank, a 5.0% of the capital stock of Cordial
Servicios, 5.0% of the capital stock of Supervielle Seguros, 5.0% of the capital stock of SAM and 4.759% of Supervielle Productores
Asesores de Seguros S.A.</FONT></P>

<!-- Field: Page; Sequence: 58; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Vision and Strategy</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Argentine market is one
of the least penetrated financial systems in Latin America, with a fragmented, competitive landscape. We believe the Argentine market
has significant underused financial infrastructure, in the form of checking and savings accounts, but also good mobile and internet penetration
levels. This situation presents a number of growth opportunities once the economy rebounds. We believe we are positioned to capture these
growth opportunities given the advancements on our digital transformation, our focus on a differentiated customer experience, our evolving
branch model and online platforms and our product offerings.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Even though 2020 was a challenging
year, including as a result of the ongoing COVID-19 pandemic, we remained focused on executing our strategy to transform our company into
a modern, leading edge, cost efficient player and position our business to serve consumer's evolving needs and aspirations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Increasingly, customers want
and expect to engage with us anytime from anywhere. Our digital strategy is aimed at answering that demand and we have a three-prongued
approach:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1)</TD><TD STYLE="text-align: justify">The transformation of our core businesses, including banking, consumer finance, insurance and asset management
businesses, to drive customer experience, agility and efficiencies.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: justify">Developing digital attackers to broaden access to financial services, which includes:</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">IUD&Uacute;, our new digital platform which is refocusing our strategy in the consumer finance business
and will allow acquisition of multisegment clients with full digital financial services; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">Invertir Online, which during the past years has consolidated its leading position as an online retail
broker while looking ahead, our goal is to scale the business and to further enhance the customer experience. By fostering the financial
education of our clients, we also seek to enable them to boost their savings by investing in a wide range of financial products through
a simple and intuitive platform.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">3)</TD><TD STYLE="text-align: justify">Continue developing the Supervielle ecosystem by building traffic from financial services into new platforms
enhancing and deepening customer engagement.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our key strategic pillars
are as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer
Experience</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Efficiency</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funding</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer
Acquisition</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital
Transformation</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset
Quality</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The unprecedented COVID-19
global health crisis accelerated significantly the adoption of digitalization in the new low touch economy confirming our strategic vision.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are accelerating the initiatives
on digital transformation that were already in motion, both in our digital and automatic channels. Moreover, we have extended the thorough
and profound digital transformation of our business across all subsidiaries under the rubric of three axes: i) the generation of a modern
technological architecture, ii) the evolution of our bank branch model, and iii) the addition of capabilities to connect to third parties
and prepare for open banking. The successful implementation to date has benefitted from a deep cultural transformation across the Group,
consolidating the adoption of agile working methodologies and a new operating model that places the customer at the center of all we do.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020 we implemented an agile at scale operating model consolidating agile methodologies and process. At the same time, we deepened the
customer centric cultural transformation across our Group. We have organized the company into Individuals, Corporates &amp; SMEs, and
Payments, with Customer Service and Omnichannel cutting across end-to-end interactions, or experiences. These sets of experiences are
managed by empowered squads as part of a tribe that works to enhance the Supervielle customer experience. Our Agile Transformation Office
aims to guarantee the alignment to the Group&rsquo;s strategic objectives and to scale agility across our organization ensuring the customer
centricity at all times. This is supported by centers of excellence that distribute talent, resources and knowledge to each squad so
that they can carry out their purpose based on the best practices of each discipline.</FONT></P>

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

<!-- Field: Page; Sequence: 59; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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

<P STYLE="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in">Over the next two years, we plan to step-up investments to scale innovations
and advance on the progress started in 2020. In terms of our bank branch infrastructure, our goal is to evolve our network by improving
the client experience driven by a mix of higher digital adoption, as well as effectively serving our customers in expanded 24-hour service
lobbies. Pilot programs we have been implementing are demonstrating significant improvements in the Net Promoter Score and efficiency
and we plan to roll out these enhancements across our branch network.<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are developing our IT capabilities
based on three pillars. The first one is to strengthen and modernize our Core banking system. Our second pillar is to speed up the deployment
of our omnichannel strategy, with a modern IT architecture including APIs to accelerate transformation and to connect to third parties
preparing for open banking. Lastly, our third pillar is to be prepared for the future and includes leveraging digital marketing and artificial
intelligence capabilities, as well as cloud services.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our goal is to offer our banking
customers a human banking experience that combines the use of technology with our staff assistance to provide our customers the best of
both worlds.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our consumer finance subsidiary
as part of the digital transformation, launched a new digital banking services platform with the goal of becoming the most complete range
of digital banking services offering a comprehensive customer experience. This transformation that integrates the physical and digital
channels, aims to enhance customer experience, capture deposits, broaden our offering to address additional client needs by plugging into
the Supervielle ecosystem, while driving efficiency. In its first iteration, the App allows customers to obtain personal loans, credit
cards and car loans. In a second phase, during 2021, our consumer finance business will undergo a fundamental change as IUD&Uacute; will
start taking deposits. IUD&Uacute; will also evolve in segment acquisition from its traditional middle to low-income segments to a multi
segment approach.</P>

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


<!-- Field: Page; Sequence: 60; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sustainability</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
Grupo Supervielle we are committed to our employees, customers and communities to achieve a sustainable growth while protecting
the environment and acting with social responsibility. We integrate the sustainability strategy to our business model and promote
a responsible culture among our employees. We report on our non-financial performance in a clear and transparent way, in connectionwith
environmental, social and corporate governance (ESG) factors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020 Grupo Supervielle defined its 2021-2023 Sustainability Agenda that consolidates a responsible management model oriented towards
sustainability and establishes a strategy that puts people, the environment and ethics and transparency (ESG) at the center and
integrates its relationships with all stakeholders (customers, employees, suppliers, community and governments). Some of the initiatives
developed during 2020 within our priority lines of action: In environmental matters, we continue working to reduce the impact
of our operations on the environment through the implementation of a responsible environmental management system. We were the
first Argentine bank to obtain the Sustainable Generator User Certification for the installation of solar panels in the Caballito
branch, whose surpluses are turned over to the public electricity grid. We supply our corporate headquarters and the building
on Reconquista street 100% with renewable energy from a wind source and we continue to measure greenhouse gases resulting from
activities to calculate the 2020 Carbon Footprint and Energy Intensity. In social matters, we seek to be an agent of change that
creates sustainable social value and generates a positive impact on our clients, employees and communities. In 2020, a multidisciplinary
team was formed to define the organization&rsquo;s Diversity and Equity strategy in a participatory manner, with the understanding that
a diverse and inclusive environment inspires creativity and innovation and contributes to attracting and retaining human talent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
continue to promote social investment with an impact on innovative projects related to education, childhood, the elderly and institutional
strengthening, and in actions that promote culture and the arts. In terms of corporate governance, we continue to operate in accordance
with the highest standards of corporate governance, promoting transparency, ethical behavior, respect for the principle of legality
and the sustainability of our activities and those of our value chain. In 2020, the Institutional Investor publication recognized
Grupo Supervielle as the second Best ESG in Latin America in the Financial / Banks category. For its part, ByMA (Argentine Stock
Exchanges and Markets) together with the IDB (Inter-American Development Bank) and with the academic endorsement of the Earth
Institute of Columbia University, presented in February 2021 the rebalancing of the Sustainability Index. After this rebalancing,
Grupo Supervielle continues to be part of the ByMA Sustainability Index for the third consecutive year since its launch in December
2018. The index allows us to identify and highlight the leading companies in Environmental, Social, Sustainable Development and
Corporate Governance matters (ESG-D, for its initials in English).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Likewise,
knowing that we had to be more united than ever in this health emergency to accompany and be at the side of those who need us most,
during 2020 we aligned with different initiatives in the fight against COVID-19, supporting projects of organizations to respond to
the needs arising from the pandemic in the communities where we operate with donations of food, artificial respirators and other
medical supplies, the delivery of tablets so that low-income students could continue their virtual classes and contributions
together with other companies for the construction of modules extra-hospital primary care to care for patients affected by
COVID-19.</FONT></P>

<!-- Field: Page; Sequence: 61; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following are additional commitments of the
Group in terms of sustainability:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&bull;</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Customers</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
extended the use of financial products and services (financial inclusion) to those who already have an account with Grupo Supervielle,
facilitating the adoption of new digital tools and promoting financial education.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&bull;</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Employees</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
create opportunities to promote employees&rsquo; growth and potential, and foster a diverse and inclusive work culture that values
individuals for who they are and what they contribute.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&bull;</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Community</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
promote social investment with impact on projects related to education, minors, the elderly and institutional strengthening, and
actions that promote culture and the arts.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&bull;</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Corporate
                                            Governance</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do business pursuant to the highest corporate governance standards, promoting transparence, ethical behavior, respect of the principle
of legality and sustainability of our activities and those of our value chain.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&bull;</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Respect
                                            of the Principle of Legality</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
regularly review the degree of compliance with applicable laws and regulations and we take the actions required to correct deviations.</FONT></P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Business
Segments</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
conduct our operations through the following business segments:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal
 &amp; Business Banking;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate
Banking;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Treasury;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer
Finance;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance;
and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset
Management and Other Services.</FONT></P>

<!-- Field: Page; Sequence: 62; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the breakdown of our net revenue and net income by segment for the periods indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><B>Segment</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net Revenue</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net (Loss) / Income</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD></TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-style: italic; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Personal &amp; Business Banking</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">20,347,486</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">42.5</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(6,356,053</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Corporate Banking</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,313,237</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(179,912</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Bank Treasury</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,119,934</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,125,276</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Consumer Finance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,379,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(577,540</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Insurance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,816,291</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">538,047</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Asset Management and Other Services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,915,081</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">401,036</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total Allocated to Segments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,891,973</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,950,854</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustments<SUP>(1)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">88,347</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">549,028</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Consolidated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,980,320</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,499,882</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         financial expenses incurred by Grupo Supervielle at the holding level in connection with
                                         its funding arrangements, the net interest income received from the investment of liquidity
                                         at the holding company, as well as transactions between segments.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the breakdown of our assets by segment as of December&nbsp;31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal and Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjustments<SUP>(1)</SUP></B></FONT></P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-style: italic; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0.125in; text-indent: -0.125in">Assets</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 18%; text-align: left; padding-left: 0.125in; text-indent: -0.125in">Cash and due from banks </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left"></TD><TD STYLE="width: 7%; text-align: right">12,345,695</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">533,466</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">23,288,859</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">238,350</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">2,176</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">399,895</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">(133,572</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Debt Securities at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,827,214</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,034,836</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,853</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,871,903</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Loans and other financings </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,474,545</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,240,034</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,823,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,808,494</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">592,067</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49,403</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,592,547</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,395,185</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in; text-indent: -0.125in">Other assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,569,274</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,324,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">58,840,094</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,063,890</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,254,830</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,080,197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,156,233</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">97,288,987</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in">Total Assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">73,389,514</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">51,097,969</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">96,779,356</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,145,570</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,849,073</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,539,348</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,430,114</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">249,230,944</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         elimination of inter-segment loans and assets not directly allocated to a single segment,
                                         such as unlisted equity investments, miscellaneous receivables, premises and equipment,
                                         miscellaneous assets and intangible assets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the breakdown of our active customers as of December 31, 2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Active
                                            Customers</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As
                                            of December 31,</B></FONT></P></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2020</FONT></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2019</FONT></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; width: 70%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Personal &amp;
    Business Banking</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,393,971</FONT></TD><TD STYLE="font-size: 10pt; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 1%; text-align: left"></TD><TD STYLE="font-size: 10pt; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,402,562</FONT></TD><TD STYLE="font-size: 10pt; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Individuals</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,371,106</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,380,550</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Entrepreneurs</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">20,854</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">22,012</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">SMEs</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,011</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">N/A</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Corporate Banking</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,304</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,981</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Consumer Finance (IUD&Uacute;+
    MILA)</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">410,580</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">372,168</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">InvertirOnline</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">80,024</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">51,829</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,886,879</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,831,540</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>


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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
 &amp; Business Banking segment</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bank&rsquo;s Personal
and Business Banking segment offers a wide array of financial products and services designed to meet the needs of individuals and entrepreneurs
and small businesses: personal loans, mortgage loans, unsecured loans, loans with special facilities for project and work capital financing,
leasing, bank guarantee for tenants, salary advances, car loans, domestic and international factoring, international guarantees and letters
of credit, payroll payment plan (<I>planes sueldo</I>), credit cards, debit cards, savings accounts, time deposits, checking accounts,
and financial services and investments such as mutual funds, insurance and guarantees, and senior citizens benefit payments. In 2020
the offer of a wide array of financial products and services continued, in line with the needs of our customers. On January 1, 2020 our
SMEs portfolio was effectively transferred from our Corporate Banking segment to the Personal and Business Banking segment, previously
named Retail segment.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 63; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
promote digital transformation, we focused on development and strengthening of autonomous management channels. Precipitated by
the COVID-19 context, the digital customers segment grew by 60%, due to the need of a greater agility, which improved the perception
of their relationship with the Bank. The evolution of the service model continues to evolve and we are aiming to achieve maximum
efficiency and the best service in each contact. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020 the self-management model continued to improve with the deployment and improvement of the <I>Caja R&aacute;pida</I> machines,
which are cash dispenser with biometric identification that requires no card or password.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accompanying
the growth in terms of digital transformation, the development of the Agile methodology continued as a way of working in the organization.
Interaction and communication gave members a comprehensive view of the needs and restrictions so as to establish clear targets,
design the best actions and favor the speed of implementation of required changes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
service model continued changing, striking a balance between maximum contact efficiency (through autonomous management channels
and personalized services) and service levels required by each customer profile and each strategic segment of Banco Supervielle.
The pandemic challenged the implementation of a new service model. Looking after our employees and customers&rsquo; health, operative
and sanitary protocols were defined and implemented in Service Centers, which changed according to the different regulations issued
by the Government and the local and national regulatory bodies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on the assessment of their distinctive features, their needs and specific requirements, the Bank&rsquo;s customers are grouped
in four strategic groups which are further described below: (i) SMEs customers, composed of natural persons engaged in commercial
activities, small one-person ventures and small and medium sized companies with a billing lower than Ps.700 million per year,
(ii) Identit&eacute; customers, which gathers natural personas belonging to serial ACB1 segments, (iii) mass affluent, which includes
individual customers with no commercial activities (not included in the Identit&eacute; segment), and (iv) senior citizens customers,
which includes senior citizens who are paid their pension benefits through the Bank.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Personal
 &amp; Business Banking segment &ndash; retail customers:</U></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Mass
                                                                                                                                                                                                                     Affluent customers.</I> To accelerate the growth of the customer portfolio, the customer acquisition strategy added a new digital
                                                                                                                                                                                                                     onboarding platform, becoming the second most important channel following Plan Sueldo. In that sense a new set of digital
                                                                                                                                                                                                                     communications was designed as part of the customer first 90-day journey, with digital setting and early activation through an
                                                                                                                                                                                                                     aligned value proposition. Besides, the benefits proposition was strengthened through debit cards and digital platforms. As a result
                                                                                                                                                                                                                     of the lockdown that began in March, the implementation precipitated of digitalization actions that were already part of our
                                                                                                                                                                                                                     strategy to provide our customers a prompt response to their needs while they were not allowed to go to the bank. We rapidly adapted
                                                                                                                                                                                                                     to solve efficiently the payment of Emergency Family Income (IFE) to 350,000 customers. We carried out commercials to promote the
                                                                                                                                                                                                                     use of debit cards in place of cash. The Contact Center Interactive Voice Response (the &ldquo;IVR&rdquo;) tree was redesigned to
                                                                                                                                                                                                                     meet the needs of new customers and to set priorities taking into account all segments.</FONT></TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 64; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Identit&eacute;
                                         customers (High Net Worth Customers).</I> We offer our high net worth customers exclusive
                                         services. In 2020 lead generation in this segment continued in new niches: alliances
                                         with ABC1 schools, synergy with SMEs and a referral program focused on digital self-management.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
value proposition was reinforced and adapted to the new context, with incremental benefit for Plan Sueldo customers in order to
improve the positioning of that subsegment, such as alliances with Rappi and Pedidos Ya, online theater with Teatrix and additional
5% discounts for Plan Sueldo customers on special dates (Mother&rsquo;s Day and Christmas).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Senior
                                         Citizens. </I>Since 1996, the Bank has acted as one of the paying agents of social security
                                         payments to senior citizens on behalf of the government pursuant to an agreement with
                                         ANSES. We believe the bank remains the private bank with the largest presence in this
                                         segment, with 980,000 ANSES beneficiaries including pensions and social assistance plans.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, due to the pandemic, actions were taken in furtherance of the customers&rsquo; health and their transactional needs. More
than 300,000 debit cards were delivered by courier to those customers who did not have an active debit card. We adapted our service
model, with 100 Cajas R&aacute;pidas (cash dispensers with biometrical identification) placed at the lobby of our branches that
operate during extended hours from 5 a.m. to 9 p.m. seven days a week and a withdrawal limit of Ps.80,000 (until March 2020 only
4 of these cash dispensers were placed in lobbies). Thus, our senior citizen customers or their designees could make cash withdrawals
during non-bank hours. In order to get our senior citizen customers acquainted with digital tools and reduce their attendance
to the bank, we communicated through mass media the implementation of the &ldquo;Supervielle Jubilados&rdquo; app, through which
customers may provide proof of life by means of face recognition remotely, check payment dates and download the payment slip.
Thus, over 130,000 customers downloaded the app. As a result of these actions in 2020, the NPS of the senior citizens segment
increased 8 points against the previous year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Products
offered to Individuals</U>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Loans</I>.</FONT></TD></TR></TABLE>

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

<!-- Field: Page; Sequence: 65; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
bank offers offers personal, car loans, mortgage loans, overdrafts, salary advances and guarantees <I>for tenants. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit
rating processes were improved, and alternative sales channels were developed in line with the context imposed by the pandemic,
mobility restrictions and social distancing. The offer of self-managed personal loans through ATMs and Cajas R&aacute;pidas (cash
dispensers with biometrical identification) increased, and a loan functionality was added to the IVR due to the increased number
of incoming calls to the call center. In order to improve customer experience, the loan origination process was redesigned both
for the Supervielle M&oacute;vil app and for online banking. These developments resulted in an annual 661% increase of personal
loans originated through alternative channels as compared to the previous year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Deposits.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
line with the lockdown imposed by the government and with our customer centric culture, operations through digital channels were
improved, with 70.3% of operations made through those channels, and with a 53% increase in time deposits in the different segments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Means
                                         of Payments. </I>In 2020 the Means of Payment Experience established the strategic pillars
                                         for the development of the business: i) enhance the bank&rsquo;s positioning in the industry,
                                         ii) acquire new debit and credit card customers, iii) participate in the system&rsquo;s
                                         integration as shareholders of MODO, iv) act as an acquirer and enhance the business
                                         aggregator (Bolsillo Digital), and v) create a vision for the B2B Payments and Collections
                                         ecosystem.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
line with these definitions, focus was made on the ecosystem&rsquo;s products, with the following milestones:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;Main
Visa license, that enables a business transformation with new economic opportunities, thus generating efficiency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;Integration
of Grupo Supervielle to MODO, through Banco Supervielle and IUD&Uacute;, as a response of the financial system to the payments
business. MODO will be a central pillar of our strategy of adoption of digital channels by individual customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.
Launching of Bolsillo Digital, as a first step towards the role of acquirer with focus on the Cuyo region. Agreements were entered
into with the Municipalities of Mendoza and Las Heras, with companies owned by the government of San Luis (Sol Puntano and Mercado
Municipal) and with C&iacute;rculo Odontol&oacute;gico de Mendoza.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Plan
                                         Sueldo. </I>During 2020 the Bank continued with the restructuring of product operation,
                                         aimed at attaining high efficiency standards both in onboarding and in cross sell and
                                         in customer profitability. New agile methodology services were implemented to support
                                         the registration of the process of new agreements.</FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 66; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Personal
 &amp; Business Banking segment &ndash; Businesses</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>SMEs
                                         customers</I>. We continued working on the generation of target leads through the digital
                                         channels, offering a value proposition to strategic subsegments, developing networks
                                         for customer contact and generation with SMEs and participating in specific events related
                                         to economy, finance and investment. We also worked on the installation of support lines
                                         for SMEs.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Development
of the differentiated service model continued at service centers. The Bank relied on specific executive profiles for assistance
of its customers, offering specialized services to larger SMEs and streamlined services to smaller SMEs, which promotes the growth
of the customer base while maintaining at the same time a differentiated service level.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Specific
Subsegments. Customized Value Proposition</I>. In the second quarter of 2020, a value proposition was introduced for the Education
subsegment, focused on private schools (all levels), with a specific offer together with the partners of the digital ecosystem.
The propositions introduced in 2017 (Franchise and Transportation) and 2018 (Health) continued consolidating.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
deposits from the Personal and Banking segment as of December&nbsp;31, 2020 amounted to Ps.93.8 billion. Retail customers deposits
continued to represent a high portion of total peso deposits. In 2020, retail customer deposits in Pesos represented 37% of total
pesodeposits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate
Banking</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, the Bank, through its corporate banking segment, worked with middle-market companies and large corporates with annual billing
exceeding Ps.700 million in 2020. On January 1, 2020 our SMEs portfolio was effectively transferred from our Corporate Banking
segment to the Retail Banking segment. The customer service model is formed in turn by three commercial managements:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AMBA
                                         Corporate Banking which deals with companies operating in the city of Buenos Aires, Greater
                                         Buenos Aires.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provinces
                                         Corporate Banking which deals with the commercial relations in the Provinces of Mendoza,
                                         C&oacute;rdoba, Tucum&aacute;n, San Juan, Neuqu&eacute;n and Santa F&eacute;.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mutual
                                         Guarantee Companies &ldquo;MGC&rdquo; Division which operates at the headquarters in
                                         the City of Buenos Aires.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, the Corporate Banking segment had Ps.42.2 billion of outstanding loans and other financings, and contributed
almost 13% of our net operating revenues before adjustments.</FONT></P>

<!-- Field: Page; Sequence: 67; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
objective is to become the first choice transactional bank for our customers and increase profitability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
strongly believe that providing high quality customer services is one of the main drivers for generation of new businesses and
support of our business relations. Our business and support officers are highly skilled and play a critical role in the relationship
with companies. Therefore, we have various service points in regional branches in the most densely populated industrial and commercial
areas. Communication, assistance, negotiation and operational teams are centralized in Corporate Banking nodes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Focus
was also placed on risk management, using RAROC tools in order to strike a balance between profitability and portfolio quality
ratios.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wine
Division: <FONT STYLE="font-style: normal">the Bank&rsquo;s Wine Division continues consolidating its position as a benchmark
in the wine industry, remaining the only Argentine bank among the top 20 to have an expert team to deal with the sector. </FONT></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">The
wine division provides services to grape producers, vineyards and suppliers of raw materials and related capital assets, taking
part in the different parts of the Value Chain. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mutual
Guarantee Societies (MGS): <FONT STYLE="font-style: normal">As of December 2020, the Mutual Guarantee Societies system was made
up of 51 entities (45 Mutual Guarantee Societies and 6 Official Guarantee Funds). Banco Supervielle operates with 27 of these
entities (22 MGS and 5 Guarantee Funds) which represent 53% of the total companies in the sector. The bank also remained its leading
position in the sector, and was recognized as the &ldquo;MGS&rsquo;s Bank&rdquo; by the Argentine Chamber of Guarantee Societies
and Funds (</FONT></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">C&aacute;mara Argentina de Sociedades y Fondos
de Garant&iacute;as <FONT STYLE="font-style: normal">or </FONT></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Casfog<FONT STYLE="font-style: normal">),
by other banks and by the Supervisory Authority (Ministry of Production/Sepyme). </FONT></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Value
Chains: <FONT STYLE="font-style: normal">In 2020 we worked in the development of value chain financing, as part of our objective
to achieve comprehensive relations with each of our customers, developing value propositions for large companies that generate
new businesses with their suppliers and customers. To that end, a general business model was developed which design contemplates
a procedure for the bank&rsquo;s commercial operations, also applicable to other subsidiaries of Grupo Supervielle.</FONT></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Products
offered to Corporate Customers:</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Loans:
                                         </I><FONT STYLE="font-style: normal">a renewed offer of special facilities was developed
                                         to suit the needs of the different corporate segments together with sales in digital
                                         and in-person channels, enhancing services such as invoice discounting, ECHEQs, overdrafts
                                         and financial loans.</FONT></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Leasing:
                                         </I><FONT STYLE="font-style: normal">With the focus on financing capital goods for SMEs,
                                         the financial leasing, operational leasing and sale &amp; lease back products continue
                                         being offered through the bank&rsquo;s branches and business centers under a specialized
                                         service model that provides advice and enhances the use of this financing tool that has
                                         tax benefits. During the first half of 2020 placement of this product was slowed by the
                                         economic context and the pandemic that affected the investment in capital goods. During
                                         the second half, due to subsidized production and investment loans, the placement rate
                                         of this product recovered and maintained its market leadership, with almost 200 agreements
                                         allocated mainly to the oil and mining industry, the sector of medical supplies and equipment
                                         and technology, among other.</FONT></FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 68; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Foreign
                                         Trade:</I> <FONT STYLE="font-style: normal">The Bank is an active participant in foreign
                                         trade financing and offers personalized advice regarding technical, commercial and regulatory
                                         matters related to foreign trade. The Bank has a trained staff that allows it to advise
                                         customers on foreign trade, foreign exchange transactions, international transfers, credit
                                         assistance in connection with products offered, and operating issues.</FONT></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Cash
                                         Management:</I> <FONT STYLE="font-style: normal">The Bank&rsquo;s Cash Management area
                                         provides end-to-end services, with technical and commercial advice throughout the process,
                                         ensuring a prompt and agile implementation and that the products are available for use
                                         from the start. Remote check readers and ECHEQs are aimed at digitalizing treasury operations
                                         of companies, thus eliminating the need to go to the bank and generating positive value
                                         experiences. Electronic checks or ECHEQs were implemented following a  regulation
                                         of the Central Bank and are in use since July 2019. As a result of the exponential growth in the use of electronic
                                         checks, other functionalities were developed to cover businesses&rsquo; needs, such as
                                         the possibility to issue up to 1,500 ECHEQS at the same time. </FONT></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Omnichannel
Service Model </I></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Digital
                                         Banking &ndash; Personal: </I>In 2020, the Digital Banking area adopted a mixed building
                                         strategy with new products, digital processes and specific experiences tailored to the
                                         needs of the different segments and changing functionalities to a new UX to generate
                                         new resources for customers. Technological improvements were developed that increased
                                         stability and scalability of the digital ecosystem, with new business variables monitoring,
                                         control and measurement tools. As a result, and boosted by the COVID-19 context, the
                                         number of active customers increased by 60%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Customers&rsquo;
                                         Digital Onboarding: </I>In 2020, the Onboarding platform consolidated as a tool for lead
                                         generation. In order to promote financial inclusion and attraction of sight deposits,
                                         free-of-charge savings accounts were offered to meet the need of an increasing number
                                         of people for bank products through a digital process and to pay IFE benefits. A functionality
                                         was implemented for online customer activation through biometrics validation, strengthening
                                         the platform&rsquo;s security and reducing the risk of phishing.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Supervielle
                                         Jubilados App</I>: The &ldquo;Supervielle Jubilados&rdquo; app provides senior citizens
                                         solutions to their recurring needs, such as information on check payment date and payment
                                         receipt, ATM cash withdrawal without using a debit card.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Supervielle
                                         App: </I>The App is used for a 100% digital registration to Online Banking without the
                                         need to go to the bank or an ATM, and also for activation/change of the SMS password
                                         required for online transactions.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Online
                                         Banking &ndash; Personal</I>: We enhanced the mobile experience including new functionalities
                                         such as stop debit for payment of credit card balances, follow up of card delivery and
                                         new simplified experience for cash withdrawal without using a debit card.</FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 69; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Online
                                         Banking &ndash; Business</I>: Channel management procedures turned to digital and customer
                                         self-managed without delivery of any physical documents to the Bank.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>E-Channels</I>:
                                         In 2020 we continued improving the self-management model with the implementation and
                                         strengthening of Caja R&aacute;pida (cash dispenser with biometric identification), with
                                         100 Cajas R&aacute;pidas placed at lobbies so that customers may during non-bank hours
                                         and even during the weekend.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Contact
                                         Center</I>: The Contact Center manages queries and complaints by and sales to customers
                                         by phone, e-mail and social media. During the year improvements continued in automatic
                                         banking aimed at reducing online time and enhancing customer experience and quality of
                                         response, and increasing sales.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Investment
                                         Center</I>: Operates since September 2017 within the Telephone Banking department and
                                         is formed by a Team of Experts on Capital Markets who provide advice on and manage the
                                         transactions of customers in all Bank segments.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Branch
                                         Network</I>: We conducted 3 MVP in service centers to test the new lobby (now known as
                                         Espacio 24). In this new space, which is open 7 days a week, customers may use cash dispensers
                                         with and without fingerprint recognition, make deposits, transfers, payment of taxes,
                                         print of salary payment slip and statements of account and of credit cards. The 132 m2
                                         Espacio24 is larger than the previous 22 m2 lobby. We also changed the internal service
                                         system of the automatic banking equipment located within Espacio 24, which allowed promptly
                                         solving any inconvenience with devices and thus improve availability/uptime. These developments
                                         generated a 35% increase in customer NPS regarding the involved branches.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Bank <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Treasury
segment</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank Treasury segment is primarily responsible for the allocation of the Bank&rsquo;s liquidity according to the needs of the
Personal and Business Banking segment, the Corporate banking segment and its own needs. The Bank Treasury segment implements the
Bank&rsquo;s financial risk management policies, manages the Bank&rsquo;s trading desks, distributes treasury products such as debt
securities, and develops businesses with wholesale financial and non-financial clients. Below is a description of the services
offered under this segment:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trading
Desk and Institutional Sales</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank&rsquo;s trading desks trade financial assets on a proprietary and third-party basis, sell financial products, and implement
the Asset and Liability Management Committee (&ldquo;ALCO&rdquo;) decisions, within the board&rsquo;s policies, regarding the
Bank&rsquo;s liquidity and financial risk management policies. The Bank&rsquo;s trading operations include money market instruments,
which include institutional investor deposits, public debt instruments, Central Bank debt notes, foreign exchange, stocks, futures,
swaps and repos. Trades develop within the limits of a comprehensive risk map which sets limits on counterparty risk and on long
and short positions for each asset class, depending on volatility, traders&rsquo; seniority level, and other factors. The risk
map also determines stop-loss policies. Banco Supervielle managed to grow in volume in all products operated, including foreign
currency, public and private securities, stocks and derivatives. The Bank managed to position itself as one of the benchmarks
of the market among institutional investors in all types of operations.</FONT></P>

<!-- Field: Page; Sequence: 70; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Correspondent
Banking</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020, commercial relationships were maintained with foreign banks both as to financing of foreign trade transactions and to guarantees
and letters of credit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public
Sector and Intermediaries</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank has maintained a presence in the Province of San Luis for almost 25 years, acting as exclusive paying agent for the government
of the Province of San Luis to provide financial agency and tax collection services to the Province and serving as payor bank
for provincial government employees. On January 17, 2017, the Province of San Luis notified the Bank of its decision to exercise
its right to terminate the financial agency agreement, effective as of February 28, 2017. Since February 2017, the Bank has continued
to provide financial services to the Provincial government of the Province of San Luis and its employees despite the termination
of the financial agency agreement. On June 7, 2018, the Province of San Luis ratified an agreement signed with the Bank for a
term of 12 months formalizing its role as exclusive paying agent which the Bank has continued to provide since the termination
of the financial agency agreement with the Province in February 2017. This agreement was renewed several times mostly every three
months, the latter was renewed on March 1, 2021 and until June 1, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of the date of this annual report, the Bank continues to provide financial services to the government of the Province of San Luis
and its employees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also,
on May 23, 2018, the Municipality of the city of San Luis appointed the Bank as financial agent for a term of 2 years, agreement
which was renewed in May 2020 for 2 additional years. With the appointment by the City of San Luis, the Bank became financial
agent for all the municipalities in the Province.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank has a private sector business franchise in the Province of San Luis and provides full banking services to individual consumers
and SMEs and middle-market companies. Further, the Bank provides its corporate customers in the Province of San Luis with a wide
range of financial services and has a primary focus on infrastructure and construction projects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December&nbsp;31, 2020,
the Bank&rsquo;s exposure in the Province of San Luis was as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">As of December 31, 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: italic 10pt Times New Roman, Times, Serif; text-align: center">(in thousands of Pesos, except for ratios and operating data)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Loans</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 87%; text-align: left">Banco Supervielle Total Loan Portfolio&#9;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">98,251</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Payroll loan to the Province of San Luis employees&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,822</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Payroll loans to the Province of San Luis employees / Banco Supervielle Total Loan Portfolio&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1.9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Loans to the provincial government&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Deposits</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Consolidated Total Deposits&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">175,216</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Deposits made by the Province of San Luis&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">703</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Deposits made by the Province of San Luis / Consolidated Total Deposits&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Net Revenue</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Related Net Revenue / Banco Supervielle&rsquo;s Consolidated Net Revenue&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1.4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Operating Data</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Employees&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">238</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Branches&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Senior Citizen Service Center&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ATM&rsquo;s&nbsp;&amp; Self Service Terminals&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">148</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Of
the Bank&rsquo;s approximately 195,000 active customers in San Luis, it offers payroll services to about 34,000 employees that
were covered by the services provided under the financial agency agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to the services rendered in San Luis, the Bank works with the public sector in municipalities in the provinces of Mendoza,
San Juan, Cordoba, and Buenos Aires. It also works with some national universities.</FONT></P>

<!-- Field: Page; Sequence: 71; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital
Markets and Structuring</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank&rsquo;s Capital Markets and Structuring department objective is to originate and structure financing products for the Argentine
corporate capital markets. The idea is to provide financial advice services which allow both its customers and Grupo Supervielle
and its subsidiaries to optimize their financial resources and capital structure in order to maximize the profitability of their
operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
sector is mainly focused on the structuring of financial trusts and syndicated credit facilities, in the organization and placement
of negotiable obligations and in equity capital markets transactions and mergers and acquisitions, with a view to providing a
comprehensive advice on each product, generating long term relationships with customers and investors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During 2020, the capital market
was featured by the uncertainty generated by the impact of the COVID-19 pandemic. However, Banco Supervielle maintained its presence in
the debt market and collaborated with its clients in the issuance of negotiable instruments, which totaled Ps. 30.9 billion. Some of such
clients are frequent issuers such as YPF S.A., Vista Oil &amp; Gas, Rizobacter Argentina S.A., Telecom Argentina S.A., San Miguel S.A,
among other.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The bank successfully carried
out the placement of SMEs secured and unsecured financial instruments, becoming one of the major players in this segment. In 2020 we
participated in the placement of four SMEs negotiable obligations and three SMEs Financial Trusts. As regards placement of own and related
parties&rsquo; instruments, we acted as arranger and dealer of Banco Supervielle Class G Negotiable Obligations for U.S.$30,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
regards the financial trusts market, Banco Supervielle acted as arranger and dealer of the following trusts: Unicred Cheques Serie
8 and Unicred Factoring Series XI, R.G. Albanesi Series XI and Concepci&oacute;n Series II. The Bank also acted as dealer and
manager of the closed-end mutual fund &ldquo;Adblick Ganader&iacute;a Fondo Com&uacute;n de Inversi&oacute;n Cerrado Agropecuario.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
regards Mergers &amp; Acquisitions, the Bank acted as exclusive financial advisor of wineries Bodega Dante Robino S.A. and Cavas
del Perdriel S.A. and their shareholders for the sale of said companies to Cervecer&iacute;a y Malter&iacute;a Quilmes. During
2020 the sector also provided advisory support to various companies regarding Assessments and Mergers &amp; Acquisitions.</FONT></P>

<!-- Field: Page; Sequence: 72; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">Consumer
Finance</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">The
Consumer Finance business of Grupo Supervielle is developed through its subsidiaries CCF and Tarjeta Autom&aacute;tica S.A, MILA
and Espacio Cordial de Servicios. MILA and Espacio Cordial were annexed to this segment in 2018.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">CCF
started operations in August 2011, when Grupo Supervielle acquired GE Money, the financial services division of General Electric
in Argentina.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">During
2020, CCF consolidated its digital transformation with the launching of IUD&Uacute;, an innovative Digital Financial Services
platform available at Google Play and App Store.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Its
business model is based on providing financing solutions to specific target groups, mainly C2 and C3, and is currently consolidating
in the field of comprehensive financial services through the development of new accounts deposits and investment and to a wider
customer segment, offering a personalized and omnichannel experience.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
from the launching of IUD&Uacute; the company extended the digital proposal through an innovative app, 100% digital onboarding
(customers may request personal loans, credit cards and self-manage all bank transactions on the mobile). This proposal will continue
improving during 2021 with the launching of new products and with easier and faster ways to deal with personal finance and promote
financial education with tools that help customers&rsquo; decision making process.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Business
model is based on two main pillars: i) accessibility, flexible customer centric proposals adapted to the omnichannel concept;
and ii) diversification: tailored products to meet customers&rsquo; needs in every stage of their life with customized offers
and value propositions for each cluster.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
omnichannel concept enables the company to be present countrywide, and it is currently settled in 22 provinces through 99 points
of sales of its 2 main marketing channels: Walmart financial services and Tarjeta Autom&aacute;tica as well as the digital channel
through the web, the social media and Google Play and App Store apps: Walmart Tarjeta App, Carta App and IUD&Uacute;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of the pandemic, during 2020 CCF mainly focused on the care of its customers and employees, guaranteeing certain levels
of services during the lockdown, while continued to focus on the business growth and strengthening and on the implementation of
its strategic pillars, which were:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
structural transformation towards an agile and horizontal structure, with the customer at the center of the organization. The
design of an agile organization was based on customers&rsquo; lifecycle and the three main tribes that are focused on customer
acquisition, loyalty and delinquency/close in order to generate a better customer experience in these instances;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
digital transformation both at an internal and external level, with the launching of IUD&Uacute; in November 2020, with a 100%
digital onboarding for personal loans and credit cards. The company will continue growing and developing to offer a wider array
of digital financial services;</FONT></P>

<!-- Field: Page; Sequence: 73; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;customer
segments were extended, focused not only on mid and low socio-economic level customers but also on mid socio-economic level customers;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;new
products were added to the value proposition, that will enable the development of retail franchise deposits;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
application assessment process reengineering continued to provide flexibility and speed to credit policy implementation while
maintaining said policy at prudent risk levels;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;changes
were implemented to the origination policy to maintain repayment capacity, mainly of those segments mostly affected by the macroeconomic
situation resulting from the pandemic;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;work
continued on screening strategy implementation, collection management tool optimization and review of predictive models to guarantee
collection levels. Implementation of ERP- SAP S4 HANA and of the new financial CORE software began;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
funding structure was modified achieving a cost reduction and implementing hedging instruments in case of rate variations;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;product
cross selling increased;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
structure was tailored to the new situation and expenses were cut down;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;focus
was placed on portfolio quality, reducing exposure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Cordial
Servicios.</U></I> During 2020 Cordial continued operating in the already developed direct and indirect channels. The direct channel
continued developing through sales points located at service branches of Banco Supervielle throughout the country, trading mainly
home appliances, health care plans, security plans, prepaid services and tourism. The home appliances category strategy during
2020 continued looking for stocks optimization and product mix under the motto: &ldquo;Primer precio, Primera marca&rdquo; Best
price for a leading brand. The Services and Assistance category continued developing in partnership with Walmart, with 100 additional
sales points.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020, as regards indirect channels, the telephone channel continued to be used for the sale of prepaid health care services. The
digital channel, through Tienda Supervielle Marketplace, was used to sell home appliances, technology, home and furniture, sports,
wellness and beauty, toys, perfumes, tires and accessories. As regards the tourism category, it continued offering its products
through Tienda Supervielle and the integration to the Rewards program of Banco Supervielle, as the main vertical portal for flights
and hotels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
services and assistance category continued developing the digital channel with the sale of health care plans through a strong
online strategy in the social media and developing digital self-management products for the companies of the consumer division
and the launching of new digital products such as &ldquo;Doctor en l&iacute;nea&rdquo; Online doctor and &ldquo;Veterinario en
l&iacute;nea&rdquo; Online vet.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2019, Cordial acquired DeAutos.com. During 2020 the focus of the business was on the integration of the services platform related
to the purchase of the car.</FONT></P>

<!-- Field: Page; Sequence: 74; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020, 18,300 home appliances and 100,000 service plans were sold.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>MILA</U></I>.
In 2020, the Company granted car loans for a total of Ps.1,205 million in a total of 4,698 operations. This represented a year-on-year
growth of 107% in terms of Ps., and 42% in number of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
aforementioned performance occurred in an economic environment that presented a sharp drop in the sale of vehicles, both new and
used. With respect to the previous year, patents fell 26%, while transfers fell 12%; new cars financing decreased 34%, and the
decline in pre-owned cars financing was 22%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insurance</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Insurance business of Grupo Supervielle is developed through its subsidiaries Supervielle Seguros and Supervielle Productores
Asesores de Seguros. Through Supervielle Seguros, Grupo Supervielle offers insurance products, primarily personal accidents insurance,
protected bag insurance, life insurance and integral insurance policies for entrepreneurs and SMEs. This business is carried out
through the networks of the Bank and IUD&Uacute; and the digital channel, as well as the issuance of credit related insurance
and other insurance aimed at satisfying the needs of our different channels and clients. In 2020, the insurance business segment
began a process of digital transformation and carried out some sales pilot tests in the digital channel for both life insurance
and home insurance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Productores Asesores de Seguros began operating in the second half of 2019. In 2020 the business gained momentum, focused on entrepreneurs
and SMEs and in middle-market and large companies. This allows an improvement in risk management, offering advisory services to
customers and adding value to the comprehensive proposal of Grupo Supervielle.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, Supervielle Seguros consolidated its offers in the following products:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Protected
Bag Insurance</I>. Protected bag insurance is insurance for personal property contained in a bag, backpack, wallet, fanny pack
or other bag that is either lost or stolen. Protected bag insurance can cover items such as cellular phones, makeup, planners,
lost documents, keys and locks. In addition, protected bag insurance may cover a certain amount of charges from fraudulent credit
card use as a result of a lost or stolen bag.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Personal
Accident Insurance</I>. Personal accident insurance covers policy holders in the event that they suffer an accident, subject to
certain exclusions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Life
Insurance. </I>Supervielle Seguros markets its life insurance products to the Bank&rsquo;s senior citizen customers and sells
its products through its own sales force that works within the Bank&rsquo;s service center network. The basic life insurance product
includes coverage for death, and customers can add varying degrees of coverage for accidents, serious and terminal illnesses and
transplants.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Home
Insurance</I>. Home insurance coverage includes fire insurance (building and content), theft of content, theft and damage of appliances,
glass breakage, civil liability, personal accident coverage for domestic staff and home assistance service in cases of emergencies.</FONT></P>

<!-- Field: Page; Sequence: 75; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Technology
Insurance</I>. Technology insurance covers theft or accidental damage as a result of theft of electronic equipment (includes notebooks,
cell phones, tablets, smartphones, cameras and GPSs). In case of theft or accidental damage as a result of theft, the cost of
the stolen property or the cost of repair will be compensated up to the maximum insured amount (once the repair invoice is provided).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>ATM
Insurance</I>. ATM insurance covers robbery at ATMs, death at the time of the assault and reimbursement of the costs of stolen
documentation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Protected
Content</I>. Protected content insurance covers theft and accidental damage of the personal effects that are inside a vehicle.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Broken
Bones</I>. The broken bones insurance covers death as result of an accident up to the amount of the insured capital. A certain
amount will be paid in the event of quadriplegia or paraplegia, according to the respective insurance plan and once such condition
has been verified by a medical audit. This insurance also covers the simple breakage of bones produced as an immediate consequence
of an accident.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Integral
insurance product for entrepreneurs and SME: </I>Integral insurance product for entrepreneurs and SMEs completes the offer of
services for our priority segment entrepreneurs and SMEs, with the particularity that is fully processed by Supervielle Seguros.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Seguros reported gross written premiums of Ps596.6 million in the first quarter of 2020, Ps.570.2 million&nbsp;in the second quarter
of 2020, Ps.532.4 million&nbsp;in the third quarter of 2020 and Ps.573.0 million&nbsp;in the fourth quarter of 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the breakdown of Supervielle Seguros&rsquo;s gross written premiums per quarter as of December&nbsp;31,
2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Gross
written premiums by product</B><BR>
<BR>
(<I>in millions of Pesos</I>)</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">4th quarter 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">3rd quarter 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2nd quarter 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">1st quarter 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">4th quarter 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left; padding-left: 0.125in; text-indent: -0.125in">Life insurance and total permanent disability insurance for debit balances </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0.3</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,3</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Mortgage Insurance </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Personal Accident Insurance </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36,5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Protected Bag Insurance </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">81.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77,9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Broken Bones </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.25in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Home Insurance </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79,5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Technology Insurance </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ATM Insurance </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Life Insurance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">287.7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">247.6</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">278.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">266.5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">290,7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.25in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">573.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">532.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">570.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">596.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">620,9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 76; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asset
Management and Other Services</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grupo
Supervielle offers a variety of other services to its customers, including mutual fund products through Supervielle Asset Management.
Since May 2018, Supervielle also offers products and services through InvertirOnline S.A.U. Since the MILA acquisition, the new
portfolio of used car loans and its respective results are recorded under Consumer Finance segment. MILA portfolio outstanding
at the moment of the acquisition and its respective results are recorded under Asset Management and Others segment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SAM</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Mutual
Funds</I>. SAM offers mutual funds services designed to meet customers&rsquo; particular investment objectives and risk profiles
through its Premier funds family. As of December30, 2020, assets under management reached Ps. 38.8 billion increasing 70% from
December 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, SAM had approximately 5,747 customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
PREMIER family of funds consists of 15 mutual funds: a Money Market Fund (<I>Premier Renta Corto Plazo en Pesos</I>), two Argentina
short-term fixed income funds in Pesos (<I>Premier Renta Plus, Premier Renta Fija Ahorro</I>), six Argentina fixed income and
mixed income funds in Pesos <I>(Premier Renta Fija Crecimiento, Premier Capital, Premier Commodities, Premier Inversi&oacute;n,
Premier Balanceado y Premier Renta Mixta</I>), two Argentina fixed income funds in US dollars (<I>Premier Renta Mixta en D&oacute;lares
and Premier Performance</I>), a variable income fund (<I>Premier Renta Variable</I>), an investment fund in SME securities (<I>Premier
FCI Abierto PyMEs</I>) a fixed income LatAm fund (<I>Premier Global D&oacute;lares</I>) and a closed mutual fund <I>(Adblick Ganader&iacute;a)</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
money market fund showed an increase of 118%, mainly due to the investments of corporate and institutional customers, representing
74% of the managed funds in December 2020, as compared to 79% in December 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020 SAM launched the FCI Cerrado Adblick Livestock, as a differentiated investment alternative that focuses on a specific market
in the real economy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>InvertirOnline.com</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">InvertirOnline
is a digital online broker that offers brokerage and savings and investment services based on an agile, simple, transparent and
innovative platform, suitable for the profile of each client. Through this value proposition we follow a purpose of reinventing
the way people investso as to help people boost their income and savings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020 InvertirOnline mapped and addressed the automation needs of the platform to obtain business scalability: deposits and withdrawal
processes were improved as well as the onboarding automatic opening of accounts, the end-to-end process was automated and market
integrations were made more efficient, for a prompt processing of all transactions.</FONT></P>

<!-- Field: Page; Sequence: 77; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, APIs were made available to the public, offering an array of products to our new customers, fostering financial inclusion
and making it possible for a larger number of people to obtain revenues from their savings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2020
was an iconic year for InvertirOnline Academy. As a result of an increased demand of financial education the number of students
increased by 300% year-on-year. Due to the increased demand the team grew to consolidate the InvertirOnline Academy business unit
which comprises the areas of product development, marketing and content.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
company ranks 2nd in the local ByMA ranking on Equity, CEDEARs (Certificado de Dep&oacute;sito Argentinos) and options trading, and it has an 8% market share in these assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, 134,000, new accounts were opened, more than doubling the number of accounts opened in the previous year. In turn, DART
(Daily Average Revenue Trades) reached nearly 20,500 in 2020 up from less than 5,600 in 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December&nbsp;31, 2020, InvertirOnline had 80,024 active customers located country-wide.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Easy
Cambio S.A.</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
October, Grupo Supervielle acquired Easy Cambio S.A., a foreign exchange broker authorized by the Central Bank. With
this acquisition the  Group seeks to broaden our offer of financial services by allowing individual customers countrywide to
operate the FX markets using the latest technologies available for this purpose.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Market
Area</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
maintain a strong geographic presence in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, which is Argentina&rsquo;s
most commercially significant and highly populated area, and we are leaders in terms of our banking network in some of Argentina&rsquo;s
most dynamic regions, including Mendoza and San Luis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>City
of Buenos Aires.</I> The City of Buenos Aires is the capital of Argentina and the center of commerce and seat of the Argentine
government. The City of Buenos Aires has a population of 2.9 million (approximately 7.2% of Argentina&rsquo;s overall
population) as of December 31, 2020 and is the richest city of Argentina. As of December 31, 2020, the unemployment rate in the
City of Buenos Aires was 7.2%. In terms of the banking sector, there are 829 bank branches (out of a total of 4,599 bank branches
in Argentina) in the City of Buenos Aires.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Province
of Buenos Aires</I>. The Province of Buenos Aires, which includes the Greater Buenos Aires metropolitan area, is an agricultural
center focused primarily on the production of soy, wheat, corn and other agricultural products. The Province of Buenos Aires had
a population of approximately 15.6 million (approximately 38.9% of Argentina&rsquo;s overall population) as of December 31, 2020
and concentrates a high portion of the agricultural activity. As of December 31, 2020, the unemployment rate in the Province of
Buenos Aires increased to 12.6% from 10.0% as of December 31, 2019. During the last decade, agricultural production has been strong
as a result of high commodity prices which has contributed to Argentina&rsquo;s economic growth. It is expected that agriculture
production will continue to be a key driver of economic growth in Argentina in the coming years. In terms of the banking sector,
there are 1,492 bank branches (out of a total of 4,599) bank branches in Argentina) in the Province of Buenos Aires.</FONT></P>

<!-- Field: Page; Sequence: 78; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Mendoza</I>.
The Province of Mendoza is located in the Cuyo region and is the center of the wine industry in Argentina. Mendoza has a population
of approximately 1.7 million (approximately 4.3% of Argentina&rsquo;s overall population) as of December 31, 2020. As of December
31, 2020, the unemployment rate in Mendoza increased to 10.6% from 7.3% as of December 31, 2019. In terms of the banking sector,
there are 174 bank branches (out of a total of 4,599 bank branches in Argentina) in Mendoza.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>San
Luis.</I> The Province of San Luis is located in the Cuyo region. The primary industries in the Province of San Luis are agricultural
production and tourism. As of December 31, 2020, the unemployment rate in the Province of San Luis increased to 4.9% from 2.9%
as of December 31, 2019. In terms of the banking sector, there are 47 bank branches (out of a total of 4,599 bank branches in
Argentina) in the Province of San Luis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Distribution
Network</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
infrastructure supports our multi-channel distribution strategy with a strategic national footprint through 302 access points,
which include 185 bank branches, 13 banking payment and collection centers, 79 CCF sales points located in Walmart supermarkets,
20 consumer finance branches of Tarjeta, 5 MILA&rsquo;s customer support offices, network of 579 car dealers and 457 ATMs, 221
self-service terminals and 256 Supervielle own-experience ATMs with biometric identification and without the use of a password
or card.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table shows the detail of our distribution network:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Distribution Network</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,<BR> 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 77%; text-align: left">Banco Supervielle S.A. Branches </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">185</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco Supervielle S.A. Sales and Collection Centers </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tarjeta Autom&aacute;tica S.A. Branches </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">CCF Sales Points </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Micro Lending S.A.U. </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>ATMs </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">457</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Self-service Terminals </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">221</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Supervielle own-experience ATMs with biometric identification </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">256</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 79; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deposits</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following charts set forth the breakdown of our deposits by type of account and customer category as of December&nbsp;31, 2020.</FONT></P>




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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
main source of funds is the Bank&rsquo;s deposit base.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><IMG SRC="tm214268d1_20-fimg003.jpg" ALT="">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-
or low-cost demand total deposits (including private and public-sector deposits) comprised 35.0% of the Group&rsquo;s total
deposits base (24.3% of savings accounts and 10.7% of checking accounts) as of December 31, 2020. Non- or low-cost demand deposits
represented 49 % of total deposits as of December 31, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Retail
customer deposits in pesos represented 37% of total deposits as of December 31, 2020, while wholesale and institutional deposits
in pesos represented 43.5% of total deposits in pesos.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following tables compare the composition of the Bank&rsquo;s (on a consolidated basis) total funding with those of all Argentine
private banks&rsquo; in each case as of December&nbsp;31, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><B>Liabilities and Shareholders equity</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Banco Supervielle</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Private Banks</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"></TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">(in millions of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">%</TD><TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">(in millions of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">%</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%">Deposits </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">178,641.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">71.7</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,744,543.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">70.8</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Liabilities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">70,589.3</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.3</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,958,721.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">249,230.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">6,703,264.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Deposits Breakdown</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Banco Supervielle</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Private Banks</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">(in millions of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">%</TD><TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">(in millions of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: center">%</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; text-align: left">Checking accounts </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">16,891.0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">9,5</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,009,139.8</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">21,3</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Saving Accounts<SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">102,845.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,805,636.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Time deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,113.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,349,726.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other deposits </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,792.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">580,041.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">178,641.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">4,744,543.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         special checking accounts</FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 80; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
Portfolio &ndash; General Overview</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
loan category in our loan portfolio faces different risks. We have established underwriting policies, standards and pricing mechanisms
designed to mitigate the risks posed by each loan category. As of December&nbsp;31, 2020, we had a loan portfolio of Ps.110.4&nbsp;billion
(equivalent to U.S.$1.3&nbsp;billion converted to U.S. dollars at the reference exchange rate as of December&nbsp;31, 2020).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following charts set forth the breakdown of our loan portfolio by segment, and of the specific customer categories in our corporate
banking and retail segments as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><IMG SRC="tm214268d1_20-fimg004.jpg" ALT="">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December 31, 2020, the term &ldquo;small businesses&rdquo; refers to individuals and businesses with annual sales up to Ps.100
million, the term &ldquo;SMEs&rdquo; refers to individuals and businesses with annual sales over Ps.100 million and below Ps.700
million, the term &ldquo;middle-market companies&rdquo; refers to companies with annual sales over Ps.700 million and below Ps.2.5
billion and the term &ldquo;large corporates&rdquo; refers to companies with annual sales over Ps.2.5 billion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Underwriting
Policies</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
policies require that most loans only be approved for borrowers that are able to provide proof of a source of repayment and demonstrate
an ability to service existing and future debt. Our underwriting procedures for all loan types require consideration of the borrower,
including with respect to the borrower&rsquo;s financial condition, cash flow, the management skills and industry of our corporate
customers, and the economic environment surrounding the issuance of any given loan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
generally expect customers to repay loans with unencumbered cash available to them. A significant part of our loan portfolio is
secured, and we assess the quality and liquidity of collateral before we grant any secured loan.</FONT></P>

<!-- Field: Page; Sequence: 81; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
Rate Terms</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
price loans: (i)&nbsp;on both a fixed rate and floating rate basis; (ii)&nbsp;over different terms; and (iii)&nbsp;based upon
different rate indices. Our pricing structures are consistent with our interest rate risk management policies and procedures.
For more information on these policies and procedures, See &ldquo;&mdash;<I>Credit Risk Management</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans
to individuals (personal loans, credit card loans, car loans and mortgages) are priced only on a fixed rate basis. UVA Mortgage
loans and some UVA car loans principal is adjusted for inflation. Loans to small businesses and SMEs are priced on both a fixed
rate and floating rate basis as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fixed
                                         rate: promissory notes (checking and invoice discounts, work certificates for government
                                         projects and warrants), overdrafts, foreign trade loans, automobile, personal loans and
                                         mortgages with adjustable principal, based on inflation.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Floating
                                         rate: automobile and other secured loans, receivables from financial leases.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Both
                                         rates: corporate unsecured loans.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Risks</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Below
we list our loan categories from lowest risk to highest risk in terms of repayment ability and historical default rates:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory
                                         notes (with recourse to the assignor), Warrants - Commodities</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
                                         trade loans</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mortgage
                                         loans</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables
                                         from financial leases</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory
                                         notes (without recourse to the assignor), Warrants &ndash; Others</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Automobile
                                         and other secured loans</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate
                                         credit cards</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(8)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate
                                         unsecured loans</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(9)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Overdrafts</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(10)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
                                         loans and credit card loans (from the Personal and Business Banking segment)</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(11)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
                                         loans and credit card loans (from the Consumer Finance segment)</FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 82; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Summary
of Loan Portfolio Categories</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory
notes (factoring and check discounting and warrants)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Factoring
and check discounting. </I>Check discounting is used to finance working capital needs for businesses that have a diversified accounts
receivable portfolio and customers or parties that issue checks and have a favorable credit history. Most of our check discounting
transactions are with recourse to the assignor (<I>i.e.</I>, we secure repayment with a pledge over an assignment of the borrower&rsquo;s
cash flow). However, some of our check discounting transactions are without recourse to the assignor, in which case we only have
recourse to the endorser of the check. With respect to our operations with recourse, we evaluate the creditworthiness of both
the assignor and the endorser of the check, specifically assessing each party&rsquo;s payment history, credit history and legal
history by requiring a variety of documents to help us in our underwriting process. We accept checks that are issued in the ordinary
course of business from the customer with a payment date generally no longer than 180 days.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Warrants.
</I>Warrants are granted to finance working capital needs for producers or sellers of commodities or non-commodities such as sugar,
soy, wheat, corn, sunflower, peanuts, cotton and yerba mate. We take collateral in respect of the warrants for at least 20% to
35% in excess of the value of the products, depending on the type of product. The most significant risk we face when extending
warrant financing relates to the quality and preservation of the underlying assets. To mitigate this risk, we select third-party
companies to assess and monitor the value and quality of the underlying products. We establish maximum warranty amounts ranging
from U.S.$ 5.0&nbsp;million to U.S.$ 40.0 million depending on the type of product. We set interest rates for our warrants based
on the term of the warrant and the quality of the underlying product.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
trade loans</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
trade loans are granted to finance exports and imports through pre-financing and financing loans for exports, international factoring
and letters of credit for imports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the case of pre-financing and financing loans for exports, we analyze the repayment ability of both the borrower and its foreign
client. Specifically, we ensure that the credit line that we grant is tailored to the borrower&rsquo;s historical export levels
and projected export levels (based on contracts, purchase orders and other documentation). We generally grant pre-financing and
financing loans for exports with terms ranging from 90 to 180 days, depending on the transaction and such loans are solely denominated
in U.S. dollars. Interest rates for pre-financing and financing loans for exports depend on the term of the loan and range from
1.5% to 7.5%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the case of letters of credit for imports, we face a risk that we will have to pay for the imports in the event that the borrower
defaults. To mitigate this risk, we ensure that the loan is granted once the merchandise to be imported can be shipped and the
relevant shipment documentation can be issued. Generally, the term of our letters of credit do not exceed one year. We receive
a fee for the letters of credit we issue instead of charging interest.</FONT></P>

<!-- Field: Page; Sequence: 83; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mortgage
loans</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank grants inflation adjusted mortgage loans. The Bank sets a fixed interest rate but the remaining capital is adjusted on a
monthly basis according to the UVA monthly evolution. Therefore, the loan has index-linked capital payments (the value of the
capital and the installment is updated by inflation). The Bank evaluates the creditworthiness of the client based on credit and
legal track records, a minimum credit score and income level. The loan is granted based on a loan-to-value ratio up to 75% of
the property value (with a unlimited maximum amount). The terms of the mortgage loans are from 12 months to 360 months.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables
from financial leases</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
financial leases are granted for financing acquisitions of capital assets, industrial equipment, road equipment and automobiles.
The terms of these loans are typically between 18 and 60 months, varying based on the type of product or equipment and the useful
life of such product or equipment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
primary source of repayment for this product is cash flows from the borrower, and, therefore, we evaluate the borrower&rsquo;s
repayment ability before granting such loans. We also evaluate the type of asset for which the financial lease is granted in the
event the borrower is unable to repay the loan. If the borrower is unable to repay the loan, we may sell the asset to recover
all or part of the outstanding amount of the loan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
primary risk associated with our financial leases is that the borrower may default on the loan and the collateral may be insufficient
to recover the outstanding amount of the loan. We mitigate this risk by: (i)&nbsp;granting financial leases in respect of new
assets that have historically shown adequate resale values, (ii)&nbsp;requiring a down payment of 10% to 30% (depending on the
repayment ability of the customer); and (iii)&nbsp;for certain types of assets, requiring a commitment from the supplier of the
asset to buy or find a buyer for the asset in the event of the borrower&rsquo;s default. We set floating or fix interest rates
for our financial leases based on prevailing market rates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Automobile
and other secured loans</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
grant secured loans to finance automobile purchases. The maximum amount of our automobile loans is Ps.3,100,000 with a maximum
term of 60 months. Before granting this automobile and other secured loans, we evaluate a customer&rsquo;s ability to meet monthly
payment obligations by taking into account the prospective borrower&rsquo;s earnings, minimum credit rating and financial and
legal background. We also require that the vehicle serve as collateral in the event of a payment default by the borrower. We set
interest rates based on the term of the automobile loan and a loan-to-value ratio ranging from 50% to 75% of the value of the
vehicle at the time of sale.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate
unsecured loans</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Corporate
financial loans</I>. Our corporate financial loans finance short term working capital needs of up to one year or medium-term working
capital needs of up to three years for businesses that require monthly or periodic amortization. These loans are granted to customers
with annual revenues in excess of Ps.300&nbsp;million. We evaluate the customer&rsquo;s repayment ability using the general criteria
and analysis for corporate customers. We also analyze the following factors: the shareholders and management of the borrower,
the financial and economic environment, regulatory risk and projected cash flow for the entire period during which the loan will
be outstanding to ensure that the borrower will be able to comply with the scheduled payments under the loan. We take into account
the potential effects that economic variables such as exchange rate volatility and inflation could have on projected cash flow.
We set either a floating or fixed interest rate for our corporate financial loans based on the creditworthiness of the borrower&rsquo;s
business and the term of the loan.</FONT></P>

<!-- Field: Page; Sequence: 84; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Loans
to small businesses</I>. Our loans to small businesses are originated at the Bank&rsquo;s branches based on a policy that requires
adequate credit and legal history, a minimum credit score and a certain level of revenues. Our loans to small businesses finance
the working capital needs of businesses with annual revenues of up to Ps.300&nbsp;million. The maximum loan assistance that we
provide is Ps.25&nbsp;million for unsecured loans and Ps.25&nbsp;million for factoring services. Our general policy is that our
small business loan portfolio be composed 50% of unsecured loans and 50% of secured loans and factoring transactions. The Bank&rsquo;s
branches may grant up to Ps.3.2&nbsp;million of unsecured loans and Ps.9.3&nbsp;million of factoring transactions, and any excess
amount must be evaluated by the Bank&rsquo;s specialized credit analysis unit. We set either a floating or fixed interest rate
for our loans to small businesses based on the creditworthiness of the borrower&rsquo;s business and the term of the loan. The
interest rates for our loans to small business are generally higher than the interest rates for our corporate financial loans
reflecting the difference in size and revenues of the businesses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Overdrafts</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
grant overdrafts to businesses to finance working capital needs and ordinary course business activity. We assess whether the borrower
has the ability to meet its payment obligations over a maximum 180-day period, placing an emphasis on the borrower&rsquo;s line
of business. Businesses with operations that do not produce short-term revenues or with cyclical operations generally must seek
other types of financing. We are able to anticipate a customer&rsquo;s ability to repay overdrafts by analyzing daily accounts
payable, accounts receivable, credits and fluctuations. We set interest rates for our overdrafts on a monthly basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
loans and credit card loans (within the Personal and Business Banking segment)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Personal and Business Banking segment originates loans based on scoring systems and policies specifically tailored to our <I>Plan
Sueldo </I>services, pension and retiree services and general clientele. For a detailed discussion of the Bank&rsquo;s credit
application process, credit monitoring and review process and the risks associated with personal loans and credit card loans,
See &rdquo; <I>&mdash;Credit Risk Management&mdash;Banco Supervielle S.A.</I>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Retail
banking in Argentina is heavily regulated, including with respect to maximum interest rates and fees. See &ldquo;<I>Item 4.B Business
overview&mdash;Argentine Banking Regulation&mdash;Interest Rate and Fee Regulations</I>.&rdquo; We tailor our policies related
to issuing and granting loans and credit to comply with these regulations.</FONT></P>

<!-- Field: Page; Sequence: 85; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
loans and credit card loans (within the Consumer Finance segment)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
personal and consumer loans offered by CCF and Tarjeta are unsecured products for personal use and are offered to the middle and
lower-middle-income sectors. Due to the nature of these products, our pricing structure is high compared to the Argentine financial
system.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
mitigate the risks associated with personal and consumer loans, the initial term of any such loan is limited during the first
loan, and performing borrowers may receive offers to extend the terms of the loans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">One
of the principal sales channels for personal and consumer loans is through telemarketing typically targeting credit card customers
or customers that took out a loan previously with CCF, Tarjeta or another company and performed in accordance with the terms of
such loan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
maximum amount of our personal and consumer loans is Ps.0.2&nbsp;million, while the average loan as of December&nbsp;31,&nbsp;2020
was Ps.65,000. The average term of our personal and consumer loans as of December&nbsp;31,&nbsp;2020 was 35 months, with a maximum
of 84 months. The loans are granted at a fixed rate and are paid back in monthly installments and amortized based on the French
amortization system, which consists of equal monthly installments amortized in a manner in which (i)&nbsp;interest payments are
higher at the beginning of the loan and decrease over the life of the loan, while (ii)&nbsp;principal payments are lower at the
beginning of the loan and increase over the life of the loan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit
Risk Management</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
define credit risk as the risk that arises from losses and/or a decline in the value of our assets as a result of our borrowers
or counterparties defaulting on or not complying with their obligations. Credit risk includes any event that may cause a decline
in the present value of a loan, but does not necessarily require the counterparty&rsquo;s default. This risk also encompasses
liquidity risk, which exists whenever a financial transaction cannot be completed or generate liquidity in accordance with an
agreement. The magnitude of credit risk losses hinges upon two factors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         amount of exposure at the time of the default; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         amounts recovered by the Bank based on the payments received from the borrower and the
                                         execution of risk mitigation policies, such as guarantees that may limit losses.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
regard to risk appetite, the Credit Risk management is the process that leads to the identification, measurement or evaluation,
mitigation and monitoring or follow-up of the risk, as considered in the entire credit cycle, since its origin until collection,
recovery or loss, and in case of non-compliance. Likewise, the definition of the Bank&rsquo;s risk appetite is generated through
the development and monitoring of indicators, with their respective thresholds and limits for Credit Risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our credit risk management
policies also monitor concentration risk. This risk arises when the concentration of exposure has the capacity to generate enough losses
(relating to results of operations, minimum capital requirements, assets or global risk levels) to impact the entity&rsquo;s financial
strength or capacity to maintain its operations and significantly change the entity&rsquo;s risk profile. In 2020 we developed and implemented
a portfolio limits policy to fix maximum portfolio concentration ratios based on economic sectors and customer credit rating. Economic
sectors were classified as Very High, High, Mid and Low, according to their risk perception. These sectors are regularly monitored to
confirm or change the classification according to their evolution.</P>

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

<!-- Field: Page; Sequence: 86; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Board of Directors approves credit risk policies and strategies presented by the Risk Management Committee, in consultation with
the Credit team, the Legal Affairs team and the Corporate Banking team, and in accordance with Central Bank regulations. The Bank&rsquo;s
credit risk policies and strategies seek to develop commercial opportunities and business plans, while maintaining a prudent level
of risk. The credit policy is tailored to corporations and individuals from every segment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
pillars of the Bank&rsquo;s credit policy are based on an analysis of the client&rsquo;s cash flow and its repayment capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank focuses on supporting companies belonging to sectors with great potential which tend to be successful in their activity.
Within the range of credit products offered for the corporate business segment, the Bank aims to develop and lead the factoring
and leasing market, as well as being leader in foreign trade.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Within
the corporate banking segment, we seek to have a solid proposal for the SMEs and middle-market companies seeking to maintain proximity
with customers through customer service centers, agreements with customers throughout their value chain and providing agile responses
through existing credit processes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
regard to individuals, in addition to the payroll customers and senior citizens, the retail banking is specially focused on entrepreneurs
and SMEs as well as the Identit&eacute; customers We believe that loan portfolio diversification is a staple of the Bank&rsquo;s
credit risk management objective of distributing risk appropriately by economic segment, client type and loan amount. The same
importance is given to the risk mitigation mechanisms that ensure adequate risk coverage, such as the use of credit instruments
in the corporate segment that cover substantial amounts of the loan. Finally, we continuously use early detection processes to
monitor the performance of the loan portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit
Risk Measuring Models</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank relies on several models that estimate the distribution of possible losses arising out of the loan portfolio to calculate
expected losses and minimum capital requirements. These models include:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Credit
                                         risk measurement models. </I>The Bank&rsquo;s models estimate distribution of possible
                                         loan portfolio losses, which depend on counterparties&rsquo; default (probability of
                                         default (&ldquo;PD&rdquo;)), as well as the exposure assumed with them (EAD&mdash;Exposure
                                         at the time of default) and the proportion of each unfulfilled loan that the Entity is
                                         able to recover (Loss in the event of default (&ldquo;LGD&rdquo;)). Based on these parameters,
                                         the expected loss (&ldquo;PE&rdquo;) and economic capital are estimated. As a result
                                         of this, a methodological and developmental plan has been developed in order to calculate
                                         the Risk Adjusted Return (&ldquo;RAROC&rdquo;) at Banco Supervielle in order to optimize
                                         the management linked to Credit Risk.</FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 87; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Expected
                                         Losses Calculation. </I>This is calculated based on the results of the PD, EAD and LGD
                                         models. The expected loss calculation analyzes portfolio information to estimate the
                                         average value of loss distributions for a one year time horizon in the case of performing
                                         loans and for a lifetime horizon in the case of underperforming or non-performing loans.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Minimum
                                         Capital Requirement Calculation. </I>This is represented by the difference between the
                                         portfolio&rsquo;s risk value and expected losses within a 99.9% confidence interval for
                                         individuals and 99.0% confidence interval for corporate customers. We have two minimum
                                         capital requirement models (one for corporate customers and one for individuals), which
                                         include the economic capital required for our concentration risk and securitization risk.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grupo
Supervielle assesses on a forward-looking basis the expected credit losses associated to its financial assets measured at amortized
cost, debt instruments measured at fair value through other comprehensive income, loan commitments and financial guarantee contracts
that are not measured at fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the purposes of estimating the impairment amount, and in accordance with its internal policies, Grupo Supervielle classifies its
financial instruments (financial assets, commitments and guarantees) measured at amortized cost or fair value through other comprehensive
income in one of the following categories:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Normal
                                         Risk (&ldquo;Stage 1&rdquo;): includes all instruments that have not experienced a significant
                                         increase in credit risk since initial recognition and is not purchased or originated
                                         credit impaired.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Normal
                                         risk under watchlist (&ldquo;Stage 2&rdquo;): includes all instruments that, have experienced
                                         significant increases in credit risk since initial recognition but are not yet deemed
                                         credit-impaired.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Doubtful
                                         Risk (&ldquo;Stage 3&rdquo;): includes financial instruments, overdue or not, which are
                                         considered to be credit impaired. Likewise, loan commitments or financial guarantees
                                         whose payment is probable and their recovery doubtful are considered to be in Stage 3.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Significant
increase in credit risk </U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Grupo
Supervielle considers a financial instrument to have experienced a significant increase in credit risk when any of the following
conditions exist:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><I>Individuals
and Businesses </I></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Portfolios
                                         between 31 and 90 days past due </FONT></TD></TR></TABLE>

<!-- Field: Page; Sequence: 88; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The
                                         credit application score has deteriorated by more than 30% with respect to the current
                                         performance score</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Score
                                         of behavior less than accepted cut off</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Loans
                                         and cards with facilities under Financial Services regulations within the framework of
                                         the health emergency provided by Decree No. 260/2020 Coronavirus (COVID-19) that were
                                         impaired at the time of refinancing. Or, loans that were not impaired, but deferred more
                                         than 5 installments.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><I>Corporate
Banking </I></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Portfolios
                                         between 31 and 90 days past due </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Maximum
                                         Argentine Central Bank a situation equal to 2</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Credit
                                         Ratings C (Probability of default higher than 30%)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Its
                                         rating deteriorated by more than two notes from its credit approval rating.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><I>Consumer
Finance: </I>1. Portfolios between 31 and 90 days past due.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Sectoral
Analysis &ndash; COVID-19 Risk</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
virtue of the fact that internal impairment models do not reflect properly COVID-19 impact on the local and global economic situation
as historical information is utilized, a sectoral analysis has been included as additional definition of the significant risk
increase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
such analysis, companies&rsquo; default risk is evaluated according to the type of industry and the impact such companies have
suffered in face of the current economic situation, while taking into account their features, seasonal nature, etc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
the different activities that make up the Bank&rsquo;s portfolio are classified into four types of risk. They are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">1.
Low risk</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">2.
Medium risk </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">3.
High risk</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">4.
Very high risk</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
this occasion, this additional definition of a significant increase in risk has been applied for the SME and E&amp;P segments,
for the very-high and high risk activities (only for the single firm portfolio):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding-left: 3.5pt">Very high risk</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding-left: 3.5pt">High risk</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 3.5pt">Construction</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">Machinery &amp; equipment</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 3.5pt">Tourism &amp; Gastronomy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">Iron and steel industry</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 3.5pt">Real estate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">Home appliances</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 3.5pt">Entertainment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">Sports</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 3.5pt">Passenger transport</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">Textile</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 3.5pt">Professional services</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-left: 3.5pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 89; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">The evaluation of
significant credit increases and the calculation of ECL include prospective information. Grupo Supervielle carried out a historical
analysis and identified key economic variable that affect the credit risk and expected credit losses for each portfolio. Forecasts
of these economic variables (&ldquo;base economic scenario&rdquo;) are provided on a six-month basis by the research team at the
Bank and offer a better estimated outlook of the economy for the next 12 months. The impact of such economic variables on DP and
LGD resulted from the statistic regression analysis to understand the impact the changes in these variables has had historically
on default rates and LGD components. In addition to the base economic scenario, the research team also provides two potential scenarios
together with scenario analysis. The number of other scenarios is defined in accordance with the analysis of the main products
to ensure the lineal effect between the future economic scenario and related expected credit losses. The number of scenarios and
its features are re-evaluated on a six-month basis, except a situation occurs in the macroeconomic framework that justifies a greater
regularity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Grupo Supervielle considers
the following variables for estimating expected credit losses on the different scenarios:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Parameter</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Segment</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Macroeconomic Indicators</B></FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Probability of Default</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal and Business Banking</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inflation</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Wage increase</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Private employment</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Monthly Economic Activiy Estimator</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate Banking</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Real Badlar Rate</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Monthly Economic Activiy Estimator</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consumer Finance</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Wage increase</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inflation</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Monthly Economic Activiy Estimator</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loss Given Default</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wage increase</FONT></TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Atomization of the loan portfolio</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">As a result of our risk management policies,
we have a diversified and atomized portfolio, where the top 10, 50 and 100 borrowers represent 17%, 30% and 36%, respectively of
the Loan portfolio.</P>

<!-- Field: Page; Sequence: 90; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->80<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">Atomization
of the loan portfolio</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid; width: 45%">Loan portfolio atomization</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; font-style: normal; text-align: center; width: 9%">4Q20</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: left; width: 1%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; font-style: normal; text-align: center; width: 9%">3Q20</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: left; width: 1%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; font-style: normal; text-align: center; width: 9%">2Q20</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: left; width: 1%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; font-style: normal; text-align: center; width: 9%">1Q20</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: left; width: 1%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; font-style: normal; text-align: center; width: 9%">4Q19</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: left; width: 1%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: justify">%Top10</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">17</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">18</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">18</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">16</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">16</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: justify">%Top50</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">30</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">33</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">35</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">33</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">32</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: normal; text-align: justify">%Top100</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">36</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">38</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">42</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">39</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: right">40</TD>
    <TD STYLE="font-size: 10pt; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
</TABLE>


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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">Loan
Portfolio breakdown by economic activity</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal; text-align: center">Ps. Change QoQ</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal; text-align: center">Business Sector</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal; text-align: center">4Q20 Share</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal; text-align: center">3Q20 Share</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid"><I>(In millions)</I></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">6,927</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Families and individuals</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">47.2</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">44.0</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">1,781</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Agribusiness</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">14.3</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">13.6</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">750</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Food &amp; Beverages</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">9.2</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">9.2</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(1,285)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Construction &amp; Public works</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">4.1</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">5.6</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">343</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Retailer</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.9</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.7</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(301)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Wine</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.7</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.2</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">1,146</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Utilities</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.8</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.0</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(172)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Financial</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.6</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.9</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(2.130)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Oil, Gas &amp; Mining</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.3</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.4</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(55)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Transport</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.2</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.4</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(269)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Chemicals &amp; plastics</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.2</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.6</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">(361)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Automobile</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.0</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.4</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">70</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Machinery &amp; Equipment</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.0</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.0</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center; width: 20%">1,006</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center; width: 53%">Others</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 11%">9.5</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 11%">9.3</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD></TR>
</TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">Collateralized
Loan Portfolio</FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal; font-style: normal">As
of December 31, 2020, 43% of the total commercial loan portfolio was collateralized, while 80% of the commercial non-performing
loans portfolio was collateralized (compared to 58% as of December 31, 2019).</FONT></P>

<!-- Field: Page; Sequence: 91; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->81<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid">Loan portfolio collaterall</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid">Entrepreneurs &amp; Small Businesse</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">SMEs &amp; Middel Market</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: center; border-bottom: Black 1pt solid">Large</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center">Collateralized Portfolio</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">50</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">45</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">42</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right">43</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: center; width: 24%">Unsecured Portfolio</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 9%">50</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 9%">55</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 9%">58</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 9%">57</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Regarding the Personal and Business Banking
portfolio, loans to payroll and pension clients as of December 31, 2020, represented 71.8% of the total loan portfolio to individuals
in the segment.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Policy</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">a)</TD><TD>Banco Supervielle S.A.</TD>
</TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Application Process</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The credit approval
process is designed to facilitate an accurate risks analysis, expedient decisions and complete support information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Potential customers
are interviewed and asked to submit documentation to efficiently evaluate risk. The Credit department performs a risk evaluation
using computer software and issues an opinion on the requested assistance. If credit assistance is deemed feasible, the customer&rsquo;s
application is submitted for approval at the appropriate level, pursuant to credit authority guidelines and depending on the facility
amount requested, the term and security.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Applications by prospective
retail customers are analyzed using an electronic application. Prospective corporate customers are evaluated on a case-by-case
basis. There are no pre-approved lines of credit, except for individuals who may obtain a pre-approved line of credit based on
their maximum debt burden ratio.</P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Monitoring and Review Process</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">It is the Bank&rsquo;s
policy to continually track and monitor risk in order to anticipate or foresee changes in the macroeconomic environment and anomalies
that may affect the course of customers&rsquo; activities and the repayment of loans. The Credit Risk department traces alert indicators
for signals that may affect credit collection. Signals could be late payments of more than 30 days, alerts from credit bureaus,
lawsuits from third parties, customers or suppliers and bounced checks. Action plans are in place to anticipate or mitigate potential
nonperformance situations. The Credit Risk department tracks alert indicators by:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">analyzing loan portfolio evolution;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">verifying compliance with credit regulatory requirements;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">reviewing the factoring portfolio on a daily basis by operation, maturity, concentration, direct
and indirect risk;</TD></TR></TABLE>

<!-- Field: Page; Sequence: 92; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->82<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">verifying and analyzing customer arrears;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">detecting market alerts, customer behavior in the market and the financial system, lawsuits, etc.;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">proposing action plans;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">involving the senior credit committee or junior credit committee as applicable;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">reporting customer alerts to officials and managers; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">establishing allowances for estimated loan losses.</TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Approval Process</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following chart
describes the levels of approval for the different types of loans:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Credit Approval Limit<BR> (in millions of Pesos)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Unsecured</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Secured</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total Maximum<BR> Approval Limit</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Senior Committee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Chief Credit Officer (as Chairman of the Committee); Chairman; <BR>CEO (as Vice chairman of the Committee); <BR>COO; <BR>Chief Risk Officer; <BR>Credit Executive Manager middle-market &amp; corporates; Credit Executive Manager SMEs; <BR>Head of Corporate Banking; <BR>Manager of SMEs business <BR>Head of Treasury and Global Markets;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                       <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                       <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                       <P STYLE="margin-top: 0; margin-bottom: 0">Limitless</P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                       <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                       <P STYLE="margin-top: 0; margin-bottom: 0">Limitless</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Junior Committee</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 20%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 47%; text-align: left">Chief Credit Officer (as Chairman of the Committee); <BR>COO; <BR>Head of Corporate Banking; <BR>Head of Treasury and Global Markets; <BR>Manager of SMEs business; <BR>Credit Executive Manager middle-market &amp; corporates; <BR>Credit Executive Manager SMEs; <BR>Executive Manager Corporate Banking Bs Aires and Interior;</TD><TD STYLE="width: 1%"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD STYLE="width: 15%; text-align: right; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                                                   <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                   <P STYLE="margin-top: 0; margin-bottom: 0">600</P></TD><TD STYLE="width: 1%; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: right; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                                                   <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                   <P STYLE="margin-top: 0; margin-bottom: 0">600</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Manager</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">300</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">300</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 93; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->83<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Credit Approval Limit<BR> (in millions of Pesos)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; width: 20%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 47%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; width: 15%">Unsecured</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; width: 15%">Secured</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total Maximum<BR> Approval Limit</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Team Leaders</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">120</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">120</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Relationship officers</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD></TR>
</TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Recovery Process</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bank&rsquo;s Recovery
Area handles the collection of past due credits. Collections are handled by different units for individual and corporate customers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">With respect to individual
customers, the Recovery Area begins a collection process when credits become past due by three days. The recovery team issues automatic
notice actions from the 3<SUP>rd</SUP> to the 8<SUP>th</SUP> past due days in order to warn the customers. After this period, the
collection of the overdue credit is handled by a third-party collection agency. After 150&nbsp;days, the Recovery Area determines
whether the past due credit should be sent to a different collection agency or it made subject to legal proceedings.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the case of corporate
clients and SMEs, payment defaults are analyzed on a case-by-case basis, taking into consideration the loan amount and the number
of days in arrears, among other factors. The Recovery Department can participate in out-of-court and judicial settlement negotiations
and approve debtor payment proposals in amounts for up to Ps.10 million.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">b)</TD><TD>CCF and Tarjeta</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, CCF and Tarjeta
made progress with the reengineering of the application assessment process to update its processes and assessment systems. This
reengineering allowed CCF and Tarjeta a faster and more flexible implementation of its credit policy. The new evaluation process
simplified the application load and improved controls using the information available in the credit bureaus. It will seek to deepen
the control automation strategy, minimizing risks while providing a more agile service to our clients. Likewise, a new admission
scoring model has been developed and work will continue to improve the internal behavior scoring model used in cross-selling activities
and conclude a better model for the evaluation of new and existing clients without sufficient seniority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the same period,
changes have been implemented in origination policies to ensure the ability to repay loans in all segments and especially in those
most exposed to the macroeconomic situation generated by the pandemic. In addition, with the aim of improving the assessment of
repayment capacity, an internally developed income inference model has been incorporated that improved those provided by the credit
bureaus.</P>

<!-- Field: Page; Sequence: 94; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->84<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">However, the management
of credit policies was included in the Integral Risk Committee, securing a more encompassing view of the assessment of said policies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Collections management
is carried out by a specialized team and is carried out with specific processes for each instance defined by the company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During 2020 CCF and
Tarjeta continued working from collections on the review of sweep strategies, optimization of collection tools and review of predictive
models to achieve a better approach to clients with non-compliance with their obligations, achieving a more assertive and effective
management.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Information Security</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Information Security
Area is responsible for the information assets protection and for the implementation and maintenance of the security policy established
by the Bank&rsquo;s Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The guidelines for
management of the Bank&rsquo;s information security generally take into account the provisions of Communications &ldquo;A&rdquo;
4609, &ldquo;A&rdquo; 6375 and companion provisions of the Central Bank which are the framework for the management
of matters related to the protection of IT assets and the management of Operational and Technological risk.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Management of Information
Security includes: strategy, policies, practices, procedures and organization structure which Banco Supervielle must rely on to
identify, analyze, assess, measure, mitigate and monitor cybersecurity risks.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2020 was highly challenging
for the Information Security Department. The following three large events had an impact on management actions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. The Covid-19 pandemic
had a strong impact on the Bank&rsquo;s existing operating scheme Initially, the team focused on operational changes, facilitating
remote access &ndash; VPN &ndash; to most of the personnel and setting up new security and communication equipment options to provide
support to this new work model.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. The exponential
growth of cyberattacks by expert hackers. As a result of the pandemic, the use of digital channels and remote work increased, companies
at global and local level were affected by major cyberattacks. To face such situation we launched different actions to protect
our technological infrastructure &ndash; antivirus upgrades, ethical hackings, vulnerability detection process upgrades, etc. -
and our customers. Three material actions were: a) hiring of a Threat Intelligence service, to proactively detect attacks against
its key executives, data leaks, infrastructure attacks, etc.; b) hiring of a cyberinsurance at Grupo Supervielle level, in addition
to the Bank&rsquo;s comprehensive insurance against digital attacks; and c) expansion of the protection shield for service denial
attacks for internet apps.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3. Acceleration process
related to Digital Transformation and IT Department transformation. Several actions and tasks were carried out to join the transformation
process: creation of a Cybersecurity Center of Excellence interacting with squads, tribes and COEs that were created; definition
of the Golden Rules to govern the actions of squads in respect of cybersecurity aspects; and the establishment of OKRs &ndash;
Objetive &amp; Key Results &ndash; which guided the actions of the Cybersecurity COE.</P>

<!-- Field: Page; Sequence: 95; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Retail Banking, Corporate Banking and Treasury</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Argentine financial
system remains highly fragmented compared to the rest of Latin America.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of September&nbsp;30,
2020, the Argentine financial system had 79 financial entities, of which 64 were banks, of which 13 were public and 51 privates.
In terms of ownership, as of September&nbsp;30, 2020, while the participation of the public sector was 20.3%, the portion of banks
controlled by Argentine entities represented 54.7% and the portion of banks controlled by foreign entities represented 25.0%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of September&nbsp;30,
2020, the number of financial companies was 15, six of which were controlled by Argentine entities and nine of which were controlled
by foreign entities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Digital Banking</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In recent years, following
the main global trends, digital banking began to develop in Argentina. As of December 31, 2020, the main digital banks were: Wilobank,
Brubank, Rebanking, Openbank, Naranja and Banco del Sol. The main features of each are outlined below:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(1) Wilobank offers
credit cards even to unbanked people. It operates with a virtual card that will replace Mastercard Contactless. (2) Brubank offers
savings accounts in Pesos and U.S. dollars and loans and transfers from an app. It uses contactless technology and allows purchases
made with debit card to be paid in installments, allowing the partition of the expenses. (3) Rebanking aims at the lowest economic
sectors with a corresponding banking offer. (4) Openbank, owned by the Santander Group, offers savings accounts, credit cards,
loans and facilitates investments. In Spain it already has more than one million customers. (5) Naranja, owned by Banco Galicia,
has more than 1 million of digital users. This company developed an app that enables merchants and professionals billing by using
a dongle. (6) Banco del Sol was launched in July 2020 and is owned by Sancor Seguros.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consumer Finance</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">CCF offers its products
primarily to the middle and lower middle income sectors. CCF&rsquo;s main competitors can be divided into two groups: (1)&nbsp;those
that are not subject to Central Bank oversight such as Tarjeta Naranja, Tarjetas Cuyanas and Credial, and (2)&nbsp;those that are
subject to Central Bank oversight such as Compa&ntilde;&iacute;a Financiera Argentina and Banco Columbia.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">With respect to its
Walmart Argentina private label credit card, CCF&rsquo;s primary competitors in terms of the types of products offered are Tarjeta
CENCOSUD (issued at Jumbo and Easy and used in Jumbo, Easy, Disco, Vea and Blaisten), Tarjeta Carrefour (issued and used exclusively
at Carrefour) and Tarjeta Coto (issued and used exclusively at Coto). However, CCF was the first to also issue an open MasterCard
credit card, therefore operating in the banking and retail sectors. Currently, Tarjeta CENCOSUD is the only other competitor with
a similar strategy. In addition, CCF is the sole provider of in store personal cash loans and consumer loans that may be granted
and used immediately at the retail stores.</P>

<!-- Field: Page; Sequence: 96; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->86<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Tarjeta&rsquo;s competitors
vary in terms of region and type of product. Competitors in the lending space include Compa&ntilde;&iacute;a Financiera Argentina
(Efectivo Si), Banco Comafi, Banco Columbia, Credifacil, Credil, Corefin and Empresur. In terms of the credit card space, Tarjeta&rsquo;s
main competitors are Banco Nacion Argentina and other provincial Banks in each of the provinces where it operates, Tarjeta Naranja,
followed by smaller regional competitors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">MILA is a financial
company focused on car financing solutions that had been providing products in the Argentine market for almost 15 years. MILA&rsquo;s
main competitors can be divide into two groups: (1)&nbsp;those that are banks or financial companies such as Santander, ICBC, BBVA,
MG Group and HSBC, and (2)&nbsp;those that are financial institutions owned by car manufacturers such as Renault Credit, Fiat Credito
and Peugeot Finance. MILA&rsquo;s main product is car loan with pledge that helps to maintain a low risk level portfolio.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mutual Funds</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">With respect to the
mutual fund market, based on the Chamber of Mutual Funds information we estimate our market share was 2.10% as of December 31,
2020, and that SAM is ranked 21 out of 52 managers in the industry. Our main competitors are Galicia Administradora de Fondos S.A.S.G.F.C.I.,
Macro Fondos S.G.F.C.I.S.A., ICBC Investments S.A.S.G.F.C.I., Franc&eacute;s Administradora de Inversiones S.A.G.F.C.I., Ita&uacute;
Asset Management S.A.S.G.F.C.I., HSBC Administradora de Inversiones S.A.S.G.F.C.I., BNP Paribas Asset Management Arg S.A.S.G.F.C.I.
and Santander R&iacute;o Asset Management G.F.C.I.S.A.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Online trading broker</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">InvertirOnline is our digital
online broker. According to ByMA information InvertirOnline ranks 2nd in the local ByMA ranking on Equity, CEDEARs (<I>Certificado de
Dep&oacute;sito Argentinos</I>) and options trading, and it has an 8% market share in these assets. Our main competitors are other local
participants, mainly Bull Market, Balanz and PPI (Portfolio Personal).</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Competitive Framework</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We were one of the
top 10 private banks in the Argentine financial system with respect to loans, deposits, assets and equity as of September&nbsp;30,
2020, as presented in the following tables (figures are expressed in original currency and not adjusted for inflation):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of September&nbsp;30, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Total Assets</B></P>

</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>(in millions</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>of&nbsp;Pesos)</I></B></FONT></P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Share of</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Total&nbsp;(%)</I></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Santander R&iacute;o S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">899,223,2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">14.7</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco de Galicia y Buenos Aires S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">862,438,9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">716,293,1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.7</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 97; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->87<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of September&nbsp;30, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Total Assets</B></P>

</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>(in millions</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>of&nbsp;Pesos)</I></B></FONT></P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Share of</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Total&nbsp;(%)</I></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 70%">BBVA Banco Franc&eacute;s S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 12%">580,182,7</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 12%">9.5</TD><TD STYLE="text-align: left; width: 1%">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">385,135,2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">373,919,1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Citibank N.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,150,5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">320,912,5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">267,325,2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Supervielle S.A.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">222,436,0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3.6</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Nuevo Santa Fe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">165,823,0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Itau Argentina</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">147,102,9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Hipotecario S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142,987,7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">705,156,9</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11.5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Private Banks</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6,121,086,9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
Central Bank</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of September&nbsp;30, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Total Loans</B></P>

</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>(in millions</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>of&nbsp;Pesos)</I></B></FONT></P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Share of</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Total&nbsp;(%)</I></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco de Galicia y Buenos Aires S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">385,490.7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">19.4</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Santander R&iacute;o S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">333,404.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">236,798.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">234,900.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">111,927.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">110,413.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,718.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Supervielle S.A.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">86,400.1</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4.4</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56,723.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Itau Argentina</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,401.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Nuevo Santa Fe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,473.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Citibank N.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,211.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Hipotecario S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,260.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">159,031.4</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Private Banks</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,982,155.80</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
Central Bank</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of September 30, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Total Deposits</B></P>

</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>(in millions</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>of&nbsp;Pesos)</I></B></FONT></P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Share of</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>total&nbsp;(%)</I></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Santander R&iacute;o S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">684,273.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">15.8</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco de Galicia y Buenos Aires S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">616,450.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">480,826.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">398,187.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">290,609.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">267,515.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Citibank N.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">240,585.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">205,974.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">193,308.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Supervielle S.A.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">166,278.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3.8</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Nuevo Santa Fe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">129,728.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Itau Argentina</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,453.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Hipotecario S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79,575.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">478,171.30</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Private Banks</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,336,939.10</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
Central Bank</P>
<!-- Field: Page; Sequence: 98; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->88<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We were one of the
top five private banks in the Argentine financial system with respect to personal loans as of September&nbsp;30, 2020, as presented
in the following table (figures are expressed in original currency and not adjusted for inflation):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of September&nbsp;30, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Personal Loans</B></P>

</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>(in millions</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>of&nbsp;Pesos)</I></B></FONT></P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>Share of</I></B></FONT></P>
                                                                  <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B><I>total&nbsp;(%)</I></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Macro S.A</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">60,609.8</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">24.4</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco de Galicia y Buenos Aires S.A.U.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,583.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,992.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Santander R&iacute;o S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,076.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt"><B>Banco Supervielle S.A.<SUP>(1)</SUP></B></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18,365.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7.4</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Nuevo Banco de Santa Fe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,188.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,289.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Nuevo Banco de Entre Rios</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,257.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,320.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,703.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Hipotecario S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,475.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">52,106.5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Financial Private System</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">247,967.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
Central Bank&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Consolidated with CCF</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We were one of the
top five private banks in the Argentine financial system with respect to leasing, as presented in the following table as of September&nbsp;30,
2020 (figures are expressed in original currency and not adjusted for inflation):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of September 30, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Leasing</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: italic; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">(in millions</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">of&nbsp;Pesos)</P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: italic; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Share of</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">total&nbsp;(%)</P></TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Comafi S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">4,451.40</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">30.7</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Supervielle SA</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,711.60</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18.7</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco de Galicia y Buenos Aires S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,946.90</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,417.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,059.30</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">684.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">466.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Itau Argentina</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">326.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Santander R&iacute;o S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">281.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">270.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">905.70</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Private Banks</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,522.30</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Source: Central Bank</P>

<!-- Field: Page; Sequence: 99; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->89<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bank, when consolidated
with CCF, ranked second among private banks in the Argentine financial system with respect to MasterCard active accounts as of
December&nbsp;31, 2020 as presented in the following table:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">MasterCard active <BR>
accounts with <BR>
billing statement</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: left">1</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 77%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco de Galicia y Buenos Aires S.A</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">11.3</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">2</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt"><B>Banco Supervielle S.A.<SUP>(1)</SUP></B></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9.2</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">3</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">4</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Patagonia S.A</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">6</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Industrial and Commercial Bank of China (Argentina) S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Ita&uacute; Argentina S.A</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Columbia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">10</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Banco Comafi S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.2</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
First Data Cono Sur S.R.L.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Consolidated with CCF</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bank faces a high
degree of competition in virtually all core financial products with respect to pricing (interest rate or fee) and term. The Bank&rsquo;s
strategy in the face of this competition is to maintain aggressive business policies, differentiate itself with respect to product
offering and customer service, and redesign processes for greater sales productivity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding this
competitive challenge, our strategy for growth, both organic and through acquisitions, has resulted in an increase in our financial
system market share (excluding public banks) since 2005 according to the Central Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following graph
shows the Bank&rsquo;s loan market share on a consolidated basis since 2001.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg005.jpg" ALT=""></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
Central Bank.</P>




<!-- Field: Page; Sequence: 100; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->90<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Taking into consideration
total loan portfolio and receivables from financial leases portfolio, total loans and leasing market share was 4.6% as of December&nbsp;31,
2020.</P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The graph below shows
a comparison of the Bank&rsquo;s loan portfolio CAGR as of December&nbsp;31,&nbsp;2020 compared to the average loan portfolio CAGR
of Argentine private Banks and the private financial system (excluding public banks).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg006.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: Red">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Source</I>: Central Bank. Figures are expressed in Pesos
in original currency and not adjusted for inflation. Past 3- years average inflation was 45.8%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The graph below shows
a comparison of the Bank&rsquo;s loan portfolio growth compared to the average loan portfolio growth of the Argentine financial
system.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg007.jpg" ALT=""></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><I>Source</I>:
Central Bank. Figures are expressed in Pesos in original currency and not adjusted for inflation.</P>

<!-- Field: Page; Sequence: 101; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->91<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows
the inflation rates over the past 10 years:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2015</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9pt; width: 20%">Inflation in consumer prices &ndash;INDEC (%)&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">9.5</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">10.8</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">10.9</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">23.9</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt">26.9<SUP>(1)</SUP></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">41.0</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">24.8</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">47.6</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">53.8</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">36.1</TD></TR>
</TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Information from 2011 to 2015: City of Buenos Aires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Information since 2017: Indec&nbsp;</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Argentine Banking Regulation Overview</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Founded in 1935, the
Central Bank is the principal monetary and financial authority in Argentina. Its mission is to promote monetary and financial stability,
employment and economic development with social equity. It operates pursuant to its charter, which was amended in 2012 by Law No.&nbsp;26,739
and the provisions of the FIL. Under the terms of its charter, the Central Bank must operate independently from the Argentine government.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since 1977, banking
activities in Argentina have been regulated primarily by the FIL, which empowers the Central Bank to regulate the financial sector.
The Central Bank regulates and supervises the Argentine banking system through the Superintendency. The Superintendency is responsible
for enforcing Argentina&rsquo;s banking laws, establishing accounting and financial reporting requirements for the banking sector,
monitoring and regulating the lending practices of financial institutions and establishing rules for participation of financial
institutions in the foreign exchange market and the issuance of bonds and other securities, among other functions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The powers of the Central
Bank include the authority to fix the monetary base, set interest rates, establish minimum capital, liquidity and solvency requirements,
regulate credit, approve bank mergers, approve certain capital increases and transfers of stock, grant and revoke banking licenses,
and to authorize the establishment of branches of foreign financial institutions in Argentina and the extension of financial assistance
to financial institutions in cases of temporary liquidity or solvency problems.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Central Bank establishes
certain technical ratios that must be observed by financial entities, such as ration related to levels of solvency, liquidity,
the maximum credit that may be granted per customer and foreign exchange assets and liability positions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, financial
entities need the authorization from the Central Bank forcertain actions, such as opening or changing branches or ATMs, acquiring
share interests in other financial or non-financial corporations and establishing liens over their assets, among others.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As supervisor of the
financial system, the Central Bank requires financial institutions to submit information on a daily, monthly, quarterly, semiannual
and annual basis. These reports, which include balance sheets and income statements, information related to reserve funds, use
of deposits, classifications of portfolio quality (including details on principal debtors and any allowances for loan losses),
compliance with capital requirements and any other relevant information, allow the Central Bank to monitor the business practices
of financial entities. In order to confirm the accuracy of the information provided, the Central Bank is authorized to carry out
inspections.</P>

<!-- Field: Page; Sequence: 102; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->92<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the Central Bank&rsquo;s
rules are not complied with, various sanctions may be imposed by the Superintendency, depending on the level of infringement. These
sanctions range from a notice of non-compliance to the imposition of fines or, in extreme cases, the revocation of the financial
entity&rsquo;s operating license. Additionally, non-compliance with certain rules may result in the compulsory filing of specific
adequacy or restructuring plans with the Central Bank. These plans must be approved by the Central Bank to permit the financial
institution to remain in business.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Banking Regulation and Supervision</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Central Bank Supervision</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since September 1994,
the Central Bank has supervised the Argentine financial institutions on a consolidated basis. Such institutions must file periodic
consolidated financial statements that reflect the operations of head offices or parent companies, as well as those of their branches
in Argentina and abroad, and of their significant subsidiaries, whether domestic or foreign. Accordingly, requirements in relation
to liquidity and solvency, minimum capital, risk concentration and loan loss provisions, among others, should be calculated on
a consolidated basis.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Permitted Activities and Investments</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The FIL governs any
individuals and entities that perform habitual financial intermediation and, as such, are part of the financial system, including
commercial banks, investment banks, mortgage banks, financial companies, savings and loan companies for residential purposes and
credit unions. Except for commercial banks, which are authorized to conduct all financial activities and services that are specifically
established by law or by regulations of the Central Bank, the activities that may be carried out by Argentine financial entities
are set forth in the FIL and by related Central Bank regulations. Commercial banks are allowed to perform any and all financial
activities inasmuch as such activities are not forbidden by law. Some of the activities permitted for commercial banks include
the ability to (i)&nbsp;receive deposits from the public in both local and foreign currency; (ii)&nbsp;underwrite, acquire, place
or negotiate debt securities, including government securities, in both exchange and over-the-counter (&ldquo;OTC&rdquo;) markets
(subject to prior approval by the CNV, if applicable); (iii) grant and receive loans; (iv)&nbsp;guarantee customers&rsquo; debts;
(v)&nbsp;conduct foreign currency exchange transactions; (vi)&nbsp;issue credit cards; (vii)&nbsp;act, subject to certain conditions,
as brokers in real estate transactions; (viii)&nbsp;carry out commercial financing transactions; (ix)&nbsp;act as registrars of
mortgage bonds; (x)&nbsp;participate in foreign exchange transactions; and (xi)&nbsp;act as fiduciary in financial trusts. In addition,
pursuant to the FIL and Central Bank Communication &ldquo;A&rdquo; 3086, as amended, commercial banks are authorized to operate
commercial, industrial, agricultural and other types of companies that do not provide supplemental services to the banking services
(as defined by applicable Central Bank regulations) to the extent that the commercial bank&rsquo;s interest in such companies does
not exceed 12.5% of its voting stock or 12.5% of its capital stock. Nonetheless, if the aforementioned limits were to be exceeded,
the bank should (i)&nbsp;request Central Bank&rsquo;s authorization; or (ii)&nbsp;give notice of such situation to the Central
Bank, as the case may be. However, even when commercial banks&rsquo; interests do not reach such percentages, they are not allowed
to operate such companies if (i)&nbsp;such interest allows them to control a majority of votes at a shareholders&rsquo; or board
of directors&rsquo; meeting, or (ii)&nbsp;the Central Bank does not authorize the acquisition.</P>

<!-- Field: Page; Sequence: 103; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->93<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Furthermore, according
to the rules regarding &ldquo;<I>Complementary Services of the Financial Entities and Allowed Activities</I>,&rdquo; as amended,
commercial banks are authorized to operate in local or foreign companies that have one or two of the exclusive corporate purposes
listed in section 2.2 of Communication &ldquo;A&rdquo; 5700, as amended by Communication &ldquo;A&rdquo; 6342, in which the commercial
bank&rsquo;s interest either exceeds 12.5% of such companies&rsquo; voting stock or allows the commercial bank to control a majority
of votes at a shareholders&rsquo; or board of directors&rsquo; meeting. The financial entities shall give notice to the Superintendency
if the corporate purposes of such companies include any of the corporate purposes listed in section 2.2 of that rule.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under Central Bank
rules regarding to &ldquo;Financial Entities Minimum Capital,&rdquo; the holdings of a commercial bank in the capital stock of
third parties, including participations in mutual funds, shall not exceed 60% of the Computable Equity Liability (&ldquo;<U>RPC,</U>&rdquo;
as per its acronym in Spanish) of such commercial bank. In addition, the total amount of a commercial bank&rsquo;s holdings, considered
as a whole, in (i) unlisted shares, excluding holdings in companies that provide complementary services to the financial activity
and holdings in state-owned companies that provide public services, (ii) listed shares and mutual fund shares that do not trigger
minimum capital requirements on a market risk bases, and (iii) publicly traded shares that do not have a &ldquo;market price available
to the general public,&rdquo; is limited to 15% of such commercial bank&rsquo;s RPC. For this purpose, a given market price of
the shares is considered to be &ldquo;available to the general public&rdquo; when market rates that measure the daily volume of
significant transactions are available, and the sale of such shares held by such bank would not materially affect the share price.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Operations and Activities that Banks Are Not Permitted
to Perform</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;28 of
the FIL prohibits commercial banks from: (a)&nbsp;creating liens on their own assets without prior approval from the Central Bank,
(b)&nbsp;accepting their own shares as collateral, (c)&nbsp;conducting transactions with their own directors or managers and with
companies or persons related thereto under terms that are more favorable than those regularly offered in transactions with other
clients, and (d)&nbsp;carrying out commercial, industrial, agricultural or other activities without prior approval of the Central
Bank, except those considered financially related activities under Central Bank regulations. Notwithstanding the foregoing, banks
may own shares in other financial institutions with the prior approval of the Central Bank, and may own shares or debt of public
services companies, if necessary to obtain those services.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Liquidity and Solvency Requirements</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since 1994, the Central
Bank supervision of financial institutions has been carried out on a consolidated basis. Therefore, all the documentation and information
filed with the Central Bank, including financial statements, must show the operations of each entity&rsquo;s parent company and
all of its branches (in Argentina and abroad), the operations of significant subsidiaries and, as the case may be, of other companies
in which such entity holds stock. Accordingly, all requirements relating to liquidity, minimum capital, risk concentration and
bad debts&rsquo; reserves, among others, are calculated on a consolidated basis.</P>

<!-- Field: Page; Sequence: 104; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->94<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Legal Reserve</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the FIL,
we are required to maintain a legal reserve which must be funded with no more than 20% and no less than 10% of yearly income. Notwithstanding
the aforementioned, pursuant to Central Bank rules, we are required to maintain a legal reserve which is funded with 20% of our
yearly income determined in accordance with such rules. This reserve can only be used during periods in which a financial institution
has incurred losses and has exhausted all other reserves. If a financial institution does not comply with the required legal reserve,
it is not allowed to pay dividends to its shareholders. For further information, please see &ldquo;<I>Operating and Financial Review
and Prospects&ndash;Operating Results</I>.&rdquo;</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Non-liquid Assets</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since February 2004,
non-liquid assets (computed on the basis of their closing balance at the end of each month, and net of those assets that are deducted
to compute the regulatory capital) plus the financings granted to a financial institution&rsquo;s related parties (computed on
the basis of the highest balance during each month for each customer) cannot exceed 100% of the Argentine regulatory capital of
the financial institution, except for certain particular cases in which it may exceed up to 150%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Non-liquid assets consist
of miscellaneous assets and receivables, bank property and equipment, assets securing obligations, except for swaps, futures and
derivative transactions, certain intangible assets and equity investments in unlisted companies or listed shares, if the holding
exceeds 2.5% of the issuing company&rsquo;s equity. Non-compliance with the ratio produces an increase in the minimum capital requirements
equal to 100% of the excess on the ratio.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless otherwise indicated,
the regulations described in this section should be applied to financial information of the banks calculated in accordance with
Central Bank rules.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Minimum Capital Requirements</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Central Bank requires
financial institutions to maintain minimum capital amounts measured as of each month&rsquo;s closing. The minimum capital is defined
as the greater of (i)&nbsp;the basic minimum capital requirement, which is explained below, or (ii)&nbsp;the sum of the credit
risk, operational risk and market risk. Financial institutions (including their domestic Argentine and international branches)
must comply with the minimum capital requirements both on an individual and a consolidated basis.</P>

<!-- Field: Page; Sequence: 105; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->95<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth information regarding excess capital and selected capital and liquidity ratios of the Bank, consolidated with CCF:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As stated above under
 &ldquo;Presentation of Financial and Other Information,&rdquo; we have prepared our audited consolidated financial statements for
2020, 2019 and 2018 under IFRS. Minimum capital requirement has been prepared in accordance with the rules of the Argentine Central
Bank, which is not comparable to data prepared under IFRS.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Year ended December 31,<SUP>(2)</SUP></B></P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-style: italic; text-align: center">(in thousands of Pesos except percentages and ratios)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Calculation of excess capital:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 55%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Allocated to assets at risk&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">9,047,140</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">7,164,842</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">6,090,341</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Allocated to Bank premises and equipment, intangible assets and equity investment assets&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,350,035</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">826,133</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370,233</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Market risk&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">551,765</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">251,739</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">301,724</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Public sector and securities in investment account&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,651</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,472</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96,882</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Operational risk&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,233,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,349,952</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,486,516</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Required minimum capital under Central Bank rules&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,210,384</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,604,138</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,345,696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Basic net worth&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,242,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,991,091</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,847,865</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Complementary net worth&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,090,865</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,033,734</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,163,939</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Deductions&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,028,227</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,999,716</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(867,798</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Total capital under Central Bank rules&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">24,304,901</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">15,025,109</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,144,006</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Excess capital&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,094,517</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,420,971</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,798,310</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Selected capital and liquidity ratios:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">Regulatory capital/credit risk weighted assets<SUP>(1)</SUP>&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.30</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.30</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Average shareholders&rsquo; equity as a percentage of average total assets&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.20</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.40</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.90</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total liabilities as a multiple of total shareholders&rsquo; equity&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.5</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.1</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.4</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cash as a percentage of total deposits&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Tier 1 Capital / Risk weighted assets&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.00</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.90</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>




<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Risk Weighted Assets includes operational risk weighted assets, market risk weighted assets, and
credit risk weighted assets. Operational risk weighted assets and market risk weighted assets are calculated by multiplying their
respective required minimum capital under Central Bank rules by 12.5. Credit Risk Weighted Assets is calculated by applying the
respective credit risk weights to our assets, following Central Bank rules.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Nominal values without inflation adjustment.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Common Equity Tier
1 Ratio as of December 31, 2020, was 13.8%, compared to11.8% reported as of December 31, 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The increase in 2020
includes the initial IAS29 adjustment on non-monetary assets, together with Central Bank regulatory easing on excess provisions
amid the COVID-19 pandemic that allows banks to consider as Tier 1 Common Equity, the difference between the expected loss provisions
recorded following IFRS9, and the balance of provisions as of November 30, 2019 under the previous accounting framework.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Total Capital Ratio
as of December 31, 2020, was 14.4%, compared to 12.1% reported as of December 31, 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The capital composition
to be considered in order to determine compliance with minimum capital requirements is the financial institution&rsquo;s RPC (Central
Bank rules regarding to &ldquo;Financial Entities Minimum Capital,&rdquo; as amended).</P>

<!-- Field: Page; Sequence: 106; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->96<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Basic Minimum Capital</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The basic minimum capital
requirement varies depending on the type of financial institution and the jurisdiction in which the financial institution&rsquo;s
headquarter is registered, with Ps. 26&nbsp;million for banks under category I and II (Ps.12&nbsp;million for other financial entities
under this category), and Ps. 15&nbsp;million for banks under category III to VI (Ps.8&nbsp;million for other financial entities
under this category).</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Category</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Banks</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; font-weight: bold; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Other Entities <SUP>(*)</SUP></B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">I and II</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Ps.26 million</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Ps.12 million</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">III&nbsp;to&nbsp;VI</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Ps.15 million</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Ps.8 million</TD></TR>
</TABLE>



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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(*)</TD><TD STYLE="text-align: justify">Except credit entities.</TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal; font-style: normal">Financial
institutions directly involved in foreign trade operations must comply with the requirements established for banks in the respective
category. </FONT></P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Regulatory Capital of Financial Institutions: Tier
1 and Tier 2 Capital Regulations</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Argentine financial
institutions must comply with guidelines similar to those adopted by the Basel Committee on Banking Regulations and Supervisory
Practices, as amended in 1995 (the &ldquo;Basel Rules&rdquo;). In certain respects, however, Argentine banking regulations require
higher ratios than those set forth under the Basel Rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Central Bank takes
into consideration a financial institution&rsquo;s RPC in order to determine compliance with capital requirements. RPC consists
of Tier 1 capital (Basic Net Worth) and Tier 2 capital (Complementary Net Worth).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><I>Tier 1 Capital</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Tier 1 capital consists
of (i)&nbsp;common equity tier 1 (&ldquo;COn1&rdquo;), (ii) deductible items from the common equity tier 1 (CDCOn1), (iii) additional
equity tier 1 (&ldquo;CAn1&rdquo;), and (iv)&nbsp;deductible concepts from additional capital level 1 (CDCAn1).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><I>COn1 Capital</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">COn1 includes the following
net worth items:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(i)</TD><TD>capital stock (excluding preferred stock),</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(ii)</TD><TD>non-capitalized capital contributions (excluding share
premium),</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(iii)</TD><TD>adjustments to shareholders&rsquo; equity,</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(iv)</TD><TD>earnings reserves (excluding the special reserve for
debt instruments),</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(v)</TD><TD>unappropriated earnings,</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(vi)</TD><TD>other results either positive or negative, in the following
terms:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">100% of net earnings or losses recorded until the last quarterly financial statements with limited
review report, corresponding to the last full fiscal year and in respect of which the auditor has not issued the audit report;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">100% of net earnings or losses for the current year as of the date of the most recent audited quarterly
financial statements;</TD></TR></TABLE>

<!-- Field: Page; Sequence: 107; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->97<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">50% of profits or 100% of losses for the most recent audited quarterly or annual financial statements;
and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">100% of losses not shown in the financial statements, arising from quantification of any facts
and circumstances reported by the auditor;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(vii)</TD><TD>other comprehensive income:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">100% of the results recorded in the following items belonging to the account &ldquo;Other comprehensive
cumulative results&rdquo; for the most recent audited quarterly or annual financial statements:</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Revaluation of property, plant, and equipment and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">intangibles; gains or losses on financial instruments at fair value with changes in other comprehensive
income.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">100% of the debit balance of each of the items recorded in other comprehensive income not mentioned
in section (a). The recognition of these concepts, registered in accounts of other comprehensive income or other accumulated comprehensive
income, as appropriate, will be made in accordance with the terms of points 8.2.1.5. or 8.2.1.6., as the case may be of Central
Bank&rsquo;s rules regarding &ldquo;Financial Entities Minimum Capital.&rdquo;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">share premiums of the instruments included in COn1, and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">in the case of consolidated entities, minority shareholdings (ordinary shares issued by subsidiaries
subject to consolidated supervision and belonging to third parties, if certain criteria are met).</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order for the shares
to fall under COn1, at the time of issuance, the financial entity must not generate any expectation that such shares will be reacquired,
redeemed or amortized, and the contractual terms must not contain any clause that might generate such an expectation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the purpose of
determining the RPC, financial institutions included in Group A must compute as COn1 the positive difference between the higher
of the accounting allowance stipulated in point 5.5 of IFRS 9 and the regulatory allowance calculated in accordance with the rules
on &ldquo;Establishment of minimum provisions for loan losses&rdquo; or the accounting provision corresponding to the balance as
of November 30, 2019.</P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Deductible Concepts</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The above-mentioned
concepts will be considered without certain deductions pursuant to subsection 8.4.1 and 8.4.2 (as applicable) of Central Bank rules
regarding &ldquo;Financial Entities Minimum Capital,&rdquo; as amended.</P>

<!-- Field: Page; Sequence: 108; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->98<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Concepts deductible
from COn1 include, among other things: (a)&nbsp;positive balances resulting from the application of income tax withholdings above
10% of the previous months of basic net worth and balances in favor from deferred tax assets; (b)&nbsp;deposits maintained in a
corresponding account with a foreign financial institutions that are not rated as &ldquo;investment grade,&rdquo; (c) debt securities
not held by the relevant financial institutions, except in the case of securities registered by or in custody of the Central Bank
(CRYL), Caja de Valores S.A., or Clearstream, Euroclear and the Depository Trust Company, (d)&nbsp;securities issued by foreign
governments whose credit rating is less than &lsquo;investment grade&rsquo; according to Communication &ldquo;A&rdquo; 5671; (e)
subordinated debt instruments issued by other financial institutions; (f)&nbsp;shareholders; (g) real property added to the assets
of the financial entity and with respect to which the title deed is not duly recorded at the pertinent Argentine real property
registry, except where such assets shall have been acquired in a court-ordered auction sale; (h)&nbsp;intangible assets; (i) items
pending allocation, debtor balances and other; (j)&nbsp;certain assets, as required by the Superintendency resulting from differences
between carry amount and the fair value of assets or actions taken to distort or disguise the true nature or scope of operations;
(k) those required by the Superintendency; (l) any deficiency relating to the minimum loan loss provisions required by the Superintendency;
(m) equity interests in companies that have the following activities: (i) financial assistance through leasing or factoring agreements,
(ii) transitory equity acquisitions in other companies in order to further their development to the extent the ultimate purpose
is selling such interest after development is accomplished, and (iii) credit, debit and similar cards emissions; (n) the excess
to the limits set forth for secured assets on Section 3 of the rules on &ldquo;Affectation of Restricted Assets&rdquo; (o) the
highest balance of that month&rsquo;s financial assistance granted during the month, where the advance payments set forth in Section
3.2.5 of the rules on &ldquo;Lending to the non-financial public sector&rdquo; surpass the authorized limit and/or are not settled
within the terms established therein; (p) income from sales relating to securitization transactions, as applicable, pursuant to
the provisions of Sections 3.1.4., 3.1.5.1. and 3.1.5.2., and from portfolio sales or assignments with recourse. This deduction
can be applied as long as the credit risk still persists and to the extent in which the capital requirement for the underlying
exposures or the sold or assigned portfolio with recourse is maintained; (q) in the case of liabilities from derivatives accounted
for at fair value, unrealized gains or losses due to changes in the financial institution&rsquo;s credit risk will be deductible.
The deduction will be limited to the financial institution&rsquo;s own credit risk adjustments only plus or minus, as the case
may be); such adjustments may not be offset against adjustments for counterpart risk; (r) equity interests in financial institutions
subject to consolidated oversight, except where not permitted due to the existence of deductible amounts; or in the case of foreign
financial institutions. In these cases, the deductions will be the net amount of the allowance for impairment and, when controlled
financial institutions subject to the provisions of Section 8.2.1.6., item iii) are involved, the deductions will be 50% of the
net amount of profits derived by these entities on a proportional basis to their respective interests.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><I>CAn1 Capital</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">CAn1 includes certain
debt instruments of financial entities not included under COn1 that meet the regulatory criteria established in section 8.3.2 of
the rules regarding &ldquo;Financial Entities Minimum Capital,&rdquo; as amended and supplemented, and share premiums resulting
from instruments included in CAn1. Furthermore, in the case of consolidated entities, it includes instruments issued by subsidiaries
subject to consolidated supervision and belonging to third parties, pursuant to applicable regulatory requirements.</P>

<!-- Field: Page; Sequence: 109; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->99<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The concepts mentioned
in the previous points will be reduced, if applicable, by the deductible concepts provided in point 8.4.2 of the rules regarding
 &ldquo;Financial Entities Minimum Capital,&rdquo; as amended and supplemented, which are described below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Moreover, debt instruments
included under CAn1 must comply with the following requirements:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">Must be totally subscribed and paid in full.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Must be subordinated to depositors, unsecured creditors and to the subordinated debt of the financial
entity. The instruments must contemplate that in the case of the entity&rsquo;s bankruptcy and once all debts with all the other
creditors are satisfied, its creditors shall have priority in the distributions of funds only and exclusively with respect to the
shareholders (irrespective of their class), with the express waiver of any general or special privilege.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">Must not be insured or guaranteed by the issuer or a related entity, and with no agreement improving,
either legally or economically, the payment priority in the case of the entity&rsquo;s bankruptcy.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">They shall not contemplate any type of capital payment, except in the case of liquidation of the
financial entity. Provisions gradually increasing remuneration or other incentives for anticipated amortization are not allowed.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify">After five (5) years as from the issuance date, the financial entity can buy back the debt instruments
if: (i)&nbsp;it has the prior authorization of the Superintendency, (ii)&nbsp;the entity does not create any expectations regarding
the exercise of the purchase option, and (iii)&nbsp;the debt instrument is replaced by a RPC of equal or greater value sustained
by its revenue capacity, or if it is demonstrated that once the purchase option is exercised its RPC significantly exceeds at least
by 20% of the minimum capital requirements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify">Any capital repayment requires previous authorization from the Superintendency. In the case of
a capital repayment, the financial entity must not create any market expectations regarding the granting of such authorization.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(7)</TD><TD STYLE="text-align: justify">The financial entity can pay dividends/interest coupons at any time, and at its sole discretion,
which shall not be considered a default in itself and shall not grant bondholders the right to claim the conversion of their notes
into ordinary shares. Furthermore, there shall be no restrictions to the financial entity, except with respect to dividend distribution
to the shareholders.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 110; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->100<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify">The payment of dividends/interest coupons shall be carried out through the noting of distributable
entries, in the terms of the regulations on &ldquo;Results Distribution&rdquo; (Section III of the Central Bank&rsquo;s regulations).</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(9)</TD><TD STYLE="text-align: justify">The included dividends/interest coupons shall not have periodic adjustments because of the financial
entity&rsquo;s credit risk.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(10)</TD><TD STYLE="text-align: justify">They should not have been bought by the financial entity or any other entity over which the financial
entity has control or significant influence.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(11)</TD><TD STYLE="text-align: justify">They should not have been bought with direct or indirect financing from the financial entity.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(12)</TD><TD STYLE="text-align: justify">They shall not contain elements that make re-capitalization difficult.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Instruments considered
liabilities must absorb losses once a pre-established triggering event takes place. The instruments must do so through their conversion
into ordinary shares and a mechanism assigning final losses to the instrument with the following effects:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Reduction of debt represented by the instrument in the event of winding-up of the entity;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Reduction of the amount to be repaid in case a call option is exercised;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Total or partial reduction of the dividends/interest coupon payments of the instrument.</TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Complementary Net Worth (PNc): Tier 2</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Tier 2 Capital includes
(i)&nbsp;certain debt instruments of financial entities which are not included in Tier 1 Capital and meet the regulatory criteria
established in section 8.3.3 of the Central Bank rules regarding &ldquo;Financial Entities Minimum Capital&rdquo; as amended and
supplemented, (ii) share premium from instruments included in Tier 2 Capital, and (iii)&nbsp;loan loss provisions on the loan portfolio
of debtors classified as being in a &ldquo;normal situation&rdquo; pursuant to Central Bank rules on debtor classification and
on financings with class &ldquo;A&rdquo; preferred securities not exceeding 1.25% of the assets measured for credit risk. Additionally,
in the case of consolidated entities, it includes (iv)&nbsp;debt instruments issued by subsidiaries subject to a consolidated supervision
and belonging to third parties, if they meet the criteria in order to be included under complementary net worth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The above-mentioned
concepts will be considered minus deductible concepts pursuant to section 8.4.2 of the Central Bank rules regarding &ldquo;Financial
Entities Minimum Capital,&rdquo; as amended and supplemented, which is described below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Moreover, debt instruments
included under complimentary net worth must comply with the following requirements:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Must be totally subscribed and paid in full.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 111; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->101<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Must be subordinated to depositors, unsecured creditors and the subordinated debt of the financial
entity.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Must not be insured or guaranteed by the issuer or a related entity, and with no agreement improving
either legally or economically the payment priority in case of the entity&rsquo;s bankruptcy.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Maturity: (i)&nbsp;original maturity date within no less than five (5) years, (ii)&nbsp;clauses
considering gradually increasing remuneration or other incentives for anticipated amortization are not allowed, and (iii)&nbsp;from
the beginning of the last five years of life of the indebtedness, the computable amount will be diminished by 20% of its nominal
issuance value. After five (5) years as from the issuance date, the financial entity can buy back the debt instruments with the
previous authorization of the Superintendency, and if the entity does not create any expectations regarding the exercise of the
purchase option. The debt instrument must be replaced by an RPC of equal or greater value sustained by its revenue capacity, or
if it is demonstrated that once the purchase option is exercised its RPC significantly exceeds at least in a 20% of the minimum
capital requirements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">The investor shall not be entitled to accelerate the repayment of future projected payments, except
in the case of bankruptcy or liquidation.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">They cannot incorporate dividends/coupons with periodic adjustments linked to the financial entity&rsquo;s
credit risk.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">They should not have been bought by the financial entity or any other entity over which the financial
entity has control or significant influence.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">They should not have been bought with direct or indirect financing from the financial entity.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">They should not contain elements that affect re-capitalization.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additionally, instruments
included in Tier 2 capital and CAn1, shall meet the following conditions in order to assure their loss-absorbency capacity:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Their terms and conditions must include a provision pursuant to which the instruments must absorb
losses&ndash;either through a release from debt or its conversion into ordinary capital&ndash;once a triggering event has occurred,
as described hereunder.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">If the holders receive compensation for the debt release performed, it should be carried out immediately
and only in the form of ordinary shares, pursuant to applicable regulations.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The financial entity must have been granted the authorization required for the immediate issuance
of the corresponding ordinary shares in the case of a triggering event, as described below.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 112; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->102<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Triggering events of
regulatory provisions described above are: (i)&nbsp;when the solvency or liquidity of the financial entity is threatened and the
Central Bank rejects the amnesty plan submitted or revokes its authorization to function, or authorizes restructuring protecting
depositors (whichever occurs first) or (ii)&nbsp;upon the decision to capitalize the financial entity with public funds.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bank has issued
three series of subordinated notes, only one of which is outstanding as of the date of this annual report. The series issued and
2014 complies with all the requirements described above. See &ldquo;<I>Item 5.B Liquidity and Capital Resources&mdash;Financings&mdash;Bank
 &ndash; Foreign currency-denominated Subordinated Notes.</I>&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Further criteria regarding
the eligibility of items included in the RPC calculation must be followed pursuant to the regulatory requirements of minority and
other computable instruments issued by subsidiaries, subject to consolidated supervision by third parties. A minority shareholding
may be included in COn1 of the financial entity if the original instrument complies with the requirements established for its qualification
as ordinary shares regarding the RPC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deductible concepts
applied to the different capital levels</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">Investments in computable instruments under the financial entity&rsquo;s RPC not subject to consolidated
supervision when the entity owns up to 10% of the issuer&rsquo;s ordinary capital according to the following criteria: (i) investments
include direct, indirect or synthetic interests; (ii) investments include the acquired net position; (iii) securities issued are
placed within five (5) business days; and (iv) the investments in capital instruments that do not satisfy the criteria to be classified
as COn1 (Common Capital Tier 1), AT1 (Additional Capital Tier 1) or PNc (Supplementary Capital) of the financial institution shall
be regarded as COn1 &ndash;common equity shares, for the purposes of this regulatory adjustment. If the aggregate amount of these
interests in the capital of financial institutions, companies providing services supplementary to the financial industry and insurance
companies &ndash; which individually represent less than 10% of the COn1 of each issuer &ndash; exceeds 10% of the COn1 of the
financial entity, net of applicable deductions, the amount over such 10% shall be deducted from each capital tier in accordance
with the following formula: i) Amount to be deducted from COn1: aggregate excess amount over 10% multiplied by the proportion represented
by the COn1 holdings over the aggregate equity interests; ii) Amount to be deducted from CAn1: aggregate excess amount over 10%
multiplied by the proportion represented by the CAn1 over the aggregate equity interests. iii) Amount to be deducted from PNc:
aggregate excess amount over 10% multiplied by the proportion represented by the PNc holdings over the aggregate equity interest.
If the financial institution does not have enough capital to make the deduction pertaining to a particular capital tier, the remaining
amount shall be deducted from the next higher level. Amounts below the threshold, which are not deducted, are weighted based upon
the risk or are taken into account in the calculation of the market risk requirement, as applicable.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 113; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->103<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">Investments in instruments computed as regulatory capital of financial institutions and companies
rendering services supplementary to the financial industry, not subject to consolidated supervision and insurance companies, when
the institution holds more than 10% of the common equity of the issuer, or when the issuer is a subsidiary of a financial institution,
shall be subject to the following criteria: i) The investments include direct, indirect and synthetic interests. For these purposes,
indirect interest means an investment by a financial institution in another financial institution or company not subject to consolidated
oversight, which in turn has an interest in another financial institution or company not consolidated with the first one. A synthetic
interest means an investment made by a financial institution in an instrument the value of which is directly related with the equity
value of another financial institution or company not subject to consolidated supervision; ii) The net acquired position is included,
i.e., the gross acquired position less the position sold in the same underlying exposure, when this has the same duration than
the acquired position or its residual life is at least one year; iii) The holding of securities underwritten to be sold within
a five business day term may be excluded; iv) Investments in capital instruments that do not satisfy the criteria to be classified
as COn1, CAn1 or PNc of the financial institution shall be regarded as Con1, common equity shares, for the purposes of this regulatory
adjustment. The amount of these interests, taking into account the applicable type of instrument, shall be deducted from each of
the applicable capital tiers of the financial institution. If the financial institution does not have enough capital to make the
deduction pertaining to a particular capital tier, the remaining amount shall be deducted from the next higher level.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">Own repurchased instruments that satisfy the criteria for being included in CAn1 or PNc must be
deducted from the applicable capital tier.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Central Bank rules regarding
 &ldquo;Financial Entities Minimum Capital,&rdquo; as amended and supplemented, establishes minimum thresholds regarding capital integration:
(i)&nbsp;for COn1, the amount resulting from multiplying the capital risk weighted assets (&ldquo;RWA&rdquo;) by 4.5%; (ii) for the basic
net worth, the amount resulting from multiplying the RWA by 6% and (iii)&nbsp;for the RPC, the amount resulting from multiplying the RWA
by 8%. It is important to note that the RWA calculation results from multiplying the required minimum capital under Central Bank rules
by 12.5%. The lack of compliance with any of these limitations is considered an infringement of the minimum capital integration requirements.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Communication
 &ldquo;A&rdquo; 5889, as amended from time to time, RWA shall be calculated as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">RWA = RWAc + [(MR+OR)
x 12.5]</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Where:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">RWAc: credit risk weighted
assets MR: minimum capital requirement for market risk OR: minimum capital requirement for operational risk</P>

<!-- Field: Page; Sequence: 114; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->104<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Economic Capital</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Central Bank rules
regarding &ldquo;<I>Financial Entities Risk Management Guidelines</I>,&rdquo; as amended and supplemented, requires financial institutions
to have an integrated global internal process in place to assess the adequacy of their economic capital based on their risk profile
(the &ldquo;Internal Capital Adequacy Assessment Process&rdquo; or &ldquo;ICAAP&rdquo;), as well as a strategy aimed at maintaining
their regulatory capital. If, as a result of this internal process, it is found that the regulatory capital is insufficient, financial
institutions must increase regulatory capital based on their own estimates to meet the regulatory requirement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The economic capital
of financial institutions is the amount of capital required to pay not only unexpected losses arising from exposure to credit,
operational and market risks, but also those arising from other risks to which the financial institution may be exposed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial institutions
must demonstrate that their internal capital targets are well-funded and adequate in terms of their general risk profile and operations.
The ICAAP should take into consideration all material risks to which the institution is exposed. To this end, institutions must
define an integral process for the management of credit, operational, market, interest rate, liquidity, securitization, graduation,
reputational and strategic risks and use stress tests to assess potential adverse scenarios that may affect their regulatory capital.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The ICAAP must include
stress tests supplementing and validating any other quantitative or qualitative approach employed by the institution in order to
provide the Board of Directors and senior management with a deeper understanding of the interaction among the various types of
risk under stress conditions. In addition, the ICAAP must consider the short- and long-term capital needs of the institution and
ensure the prudent accumulation of excess capital during positive periods of the economic cycle.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The capital level of
each entity must be determined in accordance with its risk profile, taking external factors such as the economic cycle effects
and political scenario.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Communication
 &ldquo;A&rdquo; 5398, the main elements of a strict capital evaluation include:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Policies and procedures to guarantee that the entity identifies, quantifies and informs all the
important risks.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">A process which relates economic capital with the current level of risk.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">A process which sets forth capital sufficiency objectives related to the risk, taking a strategic
approach from the entity and its business plan into consideration.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">An internal process of controls, tests and audits, with the objective to guarantee that the general
risk management process is exhaustive.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The required amount
of capital of each institution shall be determined based on its risk profile, taking into consideration other external factors
such as the effects of the economic cycle and the economic scenario.</P>

<!-- Field: Page; Sequence: 115; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->105<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Communication &ldquo;A&rdquo;
6534 which replaced Communication &ldquo;A&rdquo; 6459, provides guidelines for the calculation of economic capital, depending
on the type of financial entity. Entities considered within Group A pursuant to Central Bank rules shall use their internal models
to quantify the needs of economic capital with relation to its risk profile. Conversely, Group B or Group C entities may opt for
a simplified calculation methodology. Such option must be approved by the board of directors of such entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Group B or Group C
entities which have opted for the simplified methodology shall apply the following expression:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">EC = (1.05 x MC) +
max [0; &rho; EVE &ndash; 15&nbsp;% x bNW)]</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Where:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">EC: economic capital
MC: minimum capital requirements EVE: measure of risk calculated according to a standardized framework forseen in section 5.4 of
Communication &ldquo;A&rdquo; 6534 bNW: basic net worth (tier 1 capital)</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Requirements Applicable to Dividend Distribution</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Central Bank has
imposed restrictions on the payment of dividends, substantially limiting the ability of financial institutions to distribute such
dividends subject to compliance with the rules set forth in the &ldquo;Restated Regulations on Dividend Distributions&rdquo; of
the Central Bank, under the criterion that the amount to be distributed cannot affect the institution&rsquo;s liquidity and solvency,
which shall be verified by the satisfaction of certain requirements, on a consolidated basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Such regulations provides
that the payment of dividends (other than dividends on ordinary shares), the acquisition of treasury shares, the payment on other
tier 1 equity instruments (as determined in accordance with the provisions set forth in the rules on &ldquo;Minimum capital of
financial institutions&rdquo;) and/or the payment of financial incentives (bonuses) to personnel &ndash; in this case, subject
to the public order labor regulations (legal, statutory and contractual) governing the financial institutions&rsquo; relationships
with their personnel&ndash; shall be subject to these rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Institutions may distribute
dividends up to the positive amount derived from the off-balance sheet calculation set forth herein, without exceeding the limits
set forth in these rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To such effect, the
registered balances, as of the end of the fiscal year to which they belong, in the account &ldquo;Unassigned Results&rdquo; (<I>Resultados
no asignados</I>) and in the voluntary reserve for future distributions of dividends shall be computed, deducting the amounts &ndash;
recorded on the same date &ndash; of the legal and statutory reserves &ndash; whose creation is mandatory &ndash; and the following
concepts:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">100% of the negative balance of each of the concepts recorded under the line &ldquo;Other comprehensive
retained earnings.&rdquo;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The result derived from the revaluation of property, plant and equipment and intangible assets
and investment properties.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 116; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->106<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">The net positive difference resulting from the calculation at amortized cost and the fair market
value recorded by the financial institution in connection with sovereign bonds and/or currency regulation instruments issued by
the Central Bank for such instruments valued at amortized cost.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">The asset valuation adjustments notified by the Superintendency &ndash; whether accepted or not
by the institution&ndash; that are pending registration and/or those indicated by the external audit that have not been accounted.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">The individual deductibles &ndash; regarding asset valuation &ndash; established by the SEFyC,
including the adjustments derived from the failure to consider agreed adjustment plans.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">The resulting lower provisions and higher RPC from the treatment established on point 2 of Central
Bank&rsquo;s Communication &ldquo;A&rdquo; 6946 (as amended) for financing MiPyMEs for the payment of salaries.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, financial
entities may not distribute earnings out of the incokme derived from the first application of IFRS, and must set up a special reserve
which can only be canceled for capitalization or to absorb possible negative balances from the item &ldquo;Unassigned results.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The amount to be distributed,
which shall not exceed the limits set forth by the Central Bank, shall not compromise the liquidity and solvency of the institution.
This requirement shall be considered satisfied once it has been verified that there are no integration defects in the minimum capital
position &ndash; whether individual and consolidated &ndash; as of the end of the fiscal year to which the unappropriated retained
earnings pertain or in the last closed position, whichever has the lesser integration excess, recalculating them together (for
such purpose only) with the following effects based on the data relevant as of each such date:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Those arising after deducting the concepts set forth above in points 1 to 5, if applicable, from
the assets.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The failure to consider the deductibles established by the SEFyC affecting the requirements, integrations
and minimum capital position.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">The deduction of the amounts relating to the following concepts from the unappropriated retained
earnings:</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the amount to be distributed and, if applicable, the amount allocated to the creation of the reserve
to repay debt instruments, capable of integrating the regulatory capital;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">positive balances due to the application of the minimum presumed income tax &ndash; net of allowances
for impairment &ndash; that have not been deducted from the basic shareholders&rsquo; equity, in accordance with the provisions
set forth in rules on &ldquo;Minimum capital of financial institutions&rdquo;; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">adjustments made in accordance with points 1 to 5 above.</TD></TR></TABLE>
<!-- Field: Page; Sequence: 117; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->107<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">The failure to consider the limit set forth in paragraph 7.2. of the rules on &ldquo;Minimum capital
of financial institutions.&rdquo;</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The distribution of
earnings shall only be admitted if none of the following events occurs:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the institution is subject to the provisions of article 34 &ldquo;Regularization and Recovery&rdquo;
and article 35 bis &ldquo;Institution&rsquo;s restructuring for the purpose of safeguarding loans and deposits&rdquo; of the FIL;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the institution has received financial assistance from the Central Bank under section 17 of its
Charter, due to illiquidity;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the institution is delayed or in breach of the reporting regime set forth by the Central Bank;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the institution records minimum capital integration deficits &ndash; whether individually or consolidated
 &ndash; (without computing the effects of the individual deductibles established by the SEFyC);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the integration of the average minimum cash &ndash; in Pesos, in foreign currency or in sovereign
securities &ndash; is smaller than the requirement applicable to the last closed position or the projected position, taking into
account the effect of the earnings distribution;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9675;</FONT></TD><TD STYLE="text-align: justify">the institution has failed to comply with the additional capital margins applicable in accordance
with Section&nbsp;4.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As from January 2020,
in order to recalculate the minimum capital position set under Section 3 of the rules on &ldquo;Dividends Distribution,&rdquo;
financial institutions of the Company &ldquo;B&rdquo; shall enforce Section 5.5 about Impairment from the IFRS Financial Instrument
No. 9.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The aforementioned
regulation contemplated transitory provision, effective until March 31, 2020, pursuant to which those financial institutions which,
in order to determine distributable earnings, have not increased the ranges of COn1 net of deductions (CDCOn1) set forth in 1 percentage
point, must obtain the prior authorization of the SEFyC for the distribution of earnings. This requirement shall also be applicable
to the payment of financial services applicable to the issue of debt securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless otherwise indicated,
the regulations explained in this section are applied to financial information of the banks calculated in accordance with Argentine
Banking GAAP. IFRS differs in certain significant respects from Argentine Banking GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 19, 2020,
in the midst of the coronavirus&rsquo; outbreak crisis, the Central Bank issued Communication &ldquo;A&rdquo; 6939, as amended
from time to time, by virtue of which the distribution of dividends by financial entities was temporarily suspended until June
30, 2021.</P>

<!-- Field: Page; Sequence: 118; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->108<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Moreover, in accordance
with the FX Regulations, the access to the MLC to pay dividends to non-resident shareholders is subject to certain requirements.
For more information, please see &ldquo;<I>Item 10.D Exchange Controls &ndash; Payments of dividends and corporate profits</I>.&rdquo;</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Capital Conservation Buffer</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Communication &ldquo;A&rdquo;
5827 of the Central Bank establishes that financial entities shall maintain a capital conservation margin in addition to the minimum
capital requirements in order to ensure the accrual of owned resources to cope with eventual losses, reducing the non-compliance
risk.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial entities
considered D-SIBs or globally systemically important (&ldquo;G-SIBs&rdquo;), shall have a capital level that permits a greater
capacity for loss absorption, by virtue of negative externalities that the effects of insolvency of such entities or their foreign
holdings could create in the financial system and the economy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The conservation capital
margin shall be 2.5% of the amount of RWA. In cases of entities considered systemically important, the margin will be increased
to 3.5% of the amount of capital risk weighted assets. These margins can be increased once again, according to the counter-cycle
margin. The conservation capital margin, increased in the case of entities considered systemically important, must be integrated
exclusively with Common Equity Tier 1 (COn1), net from deductible concepts (CDCOn1).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When such margin is
used, the entities must raise capital with new capital contributions, or reduce future distributions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The dividend distribution
shall be limited whenever the level and composition of the computable asset liability, even when it complies with the minimum capital
requirements, is within the range of the capital conservation margin. This limitation reaches solely the dividend distribution,
but not the operation of the entity. Entities shall be able to operate normally when levels of Con1 are within the range of conservation
margin. When the coefficient of Common Equity Tier 1 (Con1 as percentage of RWA) is within the range of margins conservation of
capital, the restriction to the results distribution shall be increased whenever the coefficient of Con1 comes close to the minimum
required in section 8.5.1 of regulations over &ldquo;Minimum Capital for Financial Entities.&rdquo; The following table shows the
maximum percentages of dividend distribution, according to the compliance with the conservation margin presented:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Coefficient of Common Equity Tier 1 (COn1) net of deductions<BR> (CDcon1) &ndash; as percentage of RWA -</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Financial&nbsp;Entities &ndash; That are not categorized as D-SIBs or G-SIBs-</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">D-SIBs and G-SIBs Financial <BR>
Entities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Minimum coefficient of&nbsp;capital conservation &ndash; as percentage of dividend&nbsp;distribution -</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 33%; text-align: center">4.5 &ndash; 5.13</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 33%; text-align: center">4.5 &ndash; 5.38</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&gt;&nbsp;5.13 &ndash; 5.75</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&gt;&nbsp;5.38 &ndash; 6.25</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">80</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">&gt;&nbsp;5.75 &ndash; 6.38</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&gt;6.25 &ndash; 7.13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">60</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&gt; 6.38 &ndash; 7.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&gt; 7.13 &ndash; 8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">40</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">&gt; 7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&gt; 8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 119; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->109<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Currently, the minimum
limits required by the regulations are:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">COn1/RWA: 4.5%</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">NWb/RWA: 6.0%</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">RPC/RWA: 8.0%</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">COn1 must be used in
the first place to satisfy the minimum capital requirement of 4.5% of RWA. Subsequently, and in the event the total does not have
enough Additional Tier 1 (CAn1) or Tier 2 Capital (PNc), the COn1 shall also be applied to meet requirements of 6% and 8% of Tier
1 Capital and total capital. Only the remaining COn1, if any, can be computed to satisfy the applicable conservation margin, increased
in function of the counter-cycle margin, if applicable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any entity that desires
to exceed the dividend distribution limits shall finance this distribution by new contributions of COn1 in the excess amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to determine
the RPC Group &ldquo;A&rdquo; financial institutions shall compute as COn1 the positive difference between the accounting provision
set forth by point 5.5 of IFRS 9, and the higher of the regulatory provision as calculated by the &ldquo;Minimum Provision Requirement
for Uncollectability Risk&rdquo; Central Bank rules and the accounting provision corresponding to the balance as of November 30,
2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Central Bank also
establishes the counter-cycle margin in order to allow the financial entities&rsquo; capital levels to correspond to the accumulative
systematic risk associated with an excessive credit expansion and the macro-financial context. When the Central Bank considers
that the credit growth is excessive, creating an increase in systematic risk, it can establish, with a twelve-month advanced notice,
the obligation to constitute a counter-cycle margin within a range of 0% to 2.5% of RWA. This margin can be reduced or cancelled
by the Central Bank when it considers that the systematic risk has been diminished.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial entities
with international activity shall consider the geographic location of their credit exposure with local and foreign residents of
the private sector and calculate the counter-cycle margin as the mean between the required margins in foreign jurisdictions. This
includes all credit exposure to private sectors subject to the requirement of credit risk capital.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to determine
which jurisdiction corresponds to each exposure, the principle of ultimate risk shall be applied. Pursuant to this principle, one
must identify the jurisdiction where the guarantor of the risk resides. The counter-cycle margin shall be observed by means of
an increase in the conservation capital margin and shall be satisfied exclusively with Common Equity Tier 1, net of deductible
concepts (CDCOn1).</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Risk</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The minimum capital
requirement in respect of counterparty risk (&ldquo;CRC&rdquo;) shall be calculated with the items included, which must be computed
on the basis of the balances as of the last day of each month (capital, interests, premiums, restatements &ndash; by the CER &ndash;
and price differences, as appropriate, net of the non-recoverability and devaluation risks provisions and of accumulated depreciation
and amortization attributable to them and other regularizing accounts, without deducting 100% of the minimum amount required for
the non-recoverability risk provision in the portfolio corresponding to debtors classified as in a &ldquo;Normal Situation&rdquo;
 &ndash; points 6.5.1 and 7.2.1 of the rules on &ldquo;Classification of Debtors&rdquo;- and financings secured by preferential
guarantees &ldquo;A&rdquo;).</P>

<!-- Field: Page; Sequence: 120; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->110<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The minimum capital
requirement in respect of counterparty risk must be calculated applying the following equation:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">CRC = (k x 0.08 x RWAc)
+ INC</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Variable &ldquo;k&rdquo;
is determined by the rating (1 is the strongest, 5 is the weakest) assigned to the financial entity by the Superintendency, pursuant
to the following scale: Minimum capital requirements also depend on the CAMELBIG rating (1 is the strongest, 5 is the weakest)
assigned by the Superintendency, which also determines the &ldquo;k&rdquo; value. This rating system complies with international
standards and provides a broad definition of the performance, risks and perspectives of financial entities. Financial entities
have to adjust their capital requirements according to the following &ldquo;k&rdquo; factors:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>CAMELBIG Rating</B></P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>K&nbsp;Factor</B></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.00</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.03</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.08</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.13</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.19</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the purposes of
the calculation of the capital requirement, the rating will be that of the third month after the month of the most recent rating
informed to the entity. For so long as no notice is given, the &ldquo;k&rdquo; factor will be equal to 1.03.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">RWAc: stands for capital
risk weighted assets, calculated by applying the following formula:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A * p + PFB * CCF *
p + no DvP+ (DVP + RCD + INC significant holding in other companies) * 12.50</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Where:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Variable &ldquo;A&rdquo;
refers to eligible assets/exposures;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;PFB&rdquo; are
eligible items which are not registered on the balance sheet;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;CCF&rdquo; the
conversion credit factor; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;p&rdquo; refers
to the weighting factor, expressed on a per unit basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;DvP&rdquo; refers
to failed delivery against payment transactions (for purposes of these rules, failed payment against payment (PvP) transactions
are also included). The amount is determined by the addition of the amounts arrived at by multiplying the current positive exposure
by the applicable capital requirement.</P>

<!-- Field: Page; Sequence: 121; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->111<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, &ldquo;no
DvP&rdquo; refers to transactions that do not involve delivery against payment. The amount is determined by the addition of the
amounts arrived at by applying the weighting factor (p)&nbsp;on the relevant transactions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;RCD&rdquo; refers
to requirements for counterparty risk in OTC transactions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;INC&rdquo; incremental
minimum capital requirements based on any excess in the fixed assets and other ratios, the limitations established under the &ldquo;Major
Exposure to Credit Risk Regulations.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;INC(investments
in companies)&rdquo; means the incremental minimum capital requirements based on any excess over the following limits:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">equity interest held in companies: 15%</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">total equity interests held in companies: 60%</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The established maximum
limits will be applied on the financial entity&rsquo;s computable regulatory capital for the last day before the relevant date,
as prescribed in the rules on &ldquo;Credit Risk Fractioning.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each type of asset
is weighted according to the level of risk assumed to be associated with it. In broad terms, the weights assigned to the different
types of assets are:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid">Type of Asset</TD><TD STYLE="font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">Weighting&nbsp;(%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
     <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 87%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cash held in treasury, in transit (when the financial institution assumes responsibility and risk for transportation), in ATMs, in checking accounts and in special accounts with the Central Bank, gold coins or bars&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cash items in the process of collection, cash in armored cars and in custody at financial institutions&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposure to governments and central banks</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">To the Central Bank denominated and funded in Pesos&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">To the public non-financial sector denominated and funded in Pesos, including securitized exposures&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">To the public non-financial sector arising from financing granted to social security beneficiaries or public employees (with discount code)&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">To the public non-financial sector and the Central Bank. Other. To other sovereign states or their central banks.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">AAA to AA-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">A+ to A-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BBB+ to BBB-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BB+ to B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Below B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">150</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Unrated&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Entities of the non-financial public sector from other sovereigns, pursuant ot the credit rating assigned to the respective sovereign&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">AAA to AA-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">A+ to A-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BBB+ to BBB-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BB+ to B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Below B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">150</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Unrated&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 122; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->112<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid">Type of Asset</TD><TD STYLE="font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">Weighting&nbsp;(%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 87%">To the Bank for International Settlements, the IMF, the European Central Bank and the European Community&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 12%">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">To the non-financial public sector of the provinces, municipalities and/or the Autonomous City of Buenos Aires arising from the acquisition of sovereign bonds issued in Pesos by the central administration, when they do not have any one of the guarantees described in the regulations on &ldquo;Financing to Non-Financial Public Sector,&rdquo; pursuant to the credit rating assigned to the respective jurisdiction</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">AAA to AA-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">A+ to A-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BBB+ to BBB-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BB+ to B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">150</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Below B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">200</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Unrated&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">200</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposure to the Multilateral Development Banks (MDB)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">The International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the Inter-American Development Bank (IDB), the European Investment Bank (EIB), the Asian Development Bank (ADB), among others.&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Other</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">AAA to AA-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">A+ to A-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BBB+ to BBB-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BB+ to B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Below B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">150</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Unrated&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposure to local financial institutions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Denominated and funded in Pesos arising from transactions with an initial contractual term of up to 3 months&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other. The weighting percentage to be applied will be the one for one category less favorable than the one assigned to the exposures with the Argentina government in foreign currency, as provided for the Exposure to the public non-financial sector and the Central Bank, with a maximum of 100%, except for the case in which the grade was less than B-, in which case the weighting percentage will be 150%.&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposure to foreign financial institutions, pursuant to the credit rating assigned to the sovereign of their jurisdiction of incorporation.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">AAA to AA-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">A+ to A-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BBB+ to BBB-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">BB+ to B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Below B-&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">150</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Unrated&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposure to companies and other legal entities in the country and abroad, including exchange institutions, insurance companies and stock exchange entities&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposures included in the retail portfolio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Loans to individuals (provided that installments of loans granted by the institution do not exceed, at the time of the agreements, 30% of borrower&rsquo;s income) and to Micro, Small- and Medium-Sized Companies (&ldquo;MiPyMEs&rdquo;).&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">75</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Other&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposures guaranteed by reciprocal guaranty companies (sociedades de garant&iacute;a rec&iacute;proca) or public security funds registered with the registries authorized by the Central Bank&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">First mortgageloans on residential homes
    property or mortgage loans with any order of preference provided that the institution remains the creditor, irrespective of the
    order of preference, to the extent that the mortgaged property</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">If credit facility does not exceed 75% of the appraised value of such real property</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">- Sole, permanently-occupied family home&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">35</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">- Other&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">On the amount exceeding 75% of the appraised value of such real property&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">First mortgageloans on other than
    residential home property or mortgage loans with any order of preference provided that the institution is also the creditor of
    senior loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Up to 50% of the lower of the real property market value or 60% of the mortgage loan.&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">On the remaining portion of the loan.&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Past due loans over 90 days</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Weighting varies according to the loan and specific provisions Created&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">50-150</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Equity holdings&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">150</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 123; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->113<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; width: 87%">Type of Asset</TD><TD STYLE="font-weight: bold; font-style: italic; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid; width: 12%">Weighting&nbsp;(%)</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Securitization exposures, failed DvP transactions, non-DvP transactions, exposures to central counterparty institutions (CCP) and derivative transactions not included in said exposures.&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exposures to individuals or companies originated in credit card purchases made in installments of travel tickets to foreign destinations and other touristic services abroad (lodging, car rental), either made directly to the service provider or through a travel agency or web platform&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1250</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other assets and off-balance categories&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">100</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">* <I>They receive a special treatment.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Excluded items include:
(a)&nbsp;securities granted for the benefit of the Central Bank for direct obligations; (b)&nbsp;deductible assets pursuant to
RPC regulations and (c)&nbsp;financings and securities granted by branches or local subsidiaries of foreign financial entities
by order and on account of their headquarters of foreign branches or the foreign controlling entity, to the extent: (i)&nbsp;the
foreign entity has an investment grade rating, (ii)&nbsp;the foreign entity is subject to regulations that entail consolidated
fiscalization, (iii)&nbsp;in the case of finance operations, they shall be repaid by the local branch or subsidiary exclusively
with funds received from the aforementioned foreign intermediaries; and (iv)&nbsp;in the case of guarantees granted locally, they
are in turn guaranteed by their foreign branch headquarters or the foreign controlling entity and foreclosure on such guaranty
may be carried out immediately and at the sole requirement of the local entity.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Risk Regulation &ndash; Large Exposures</P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">General Overview</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Communication &ldquo;A&rdquo;
6599 of the Central Bank, as amended and restated by Communication &ldquo;A&rdquo; 6620, effective as of January&nbsp;1, 2019,
abrogated credit risk fractioning regulations (except for the provisions related to the non-financial public sector), and replaced
the former regime by regulating &ldquo;large exposures to credit risk.&rdquo; The system seeks to limit the maximum loss that a
financial entity may suffer upon the occurrence of an unexpected default of a counterparty or group of connected counterparties
who do not belong to the non-financial public sector, therefore affecting its solvency. The regulations regarding the exposures
to credit risk must be applied at all times with every counterparty of the entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In this regard, the
regulations have established the concept of group of connected counterparties, which applies to all cases in which one of the counterparties
of a financial entity have direct or indirect control over the rest or in those cases in which financial difficulties experimented
by one of the counterparties causes a strong likelihood that its subsidiaries may struggle financially as well. According to the
regulation, upon the detection of the existence of a group of connected counterparties by the financial entity, such group shall
be considered as a single counterparty and the sum of the exposures to credit risk that a financial entity possesses with all the
individual counterparties comprehended in that group shall be subject to the information and disclosure requirements provided in
section 2.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">One of the main aspects
of Communication &ldquo;A&rdquo; 6599 is the introduction of the concept of large exposure to credit risk in Argentine banking
regulations, which is defined as the sum of all values of exposure of a financial entity with a counterparty or group of connected
counterparties when it is equal or above 10% of the Tier 1 Capital registered by the financial entity the immediately preceding
month of its calculation.</P>

<!-- Field: Page; Sequence: 124; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->114<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">However, the determination
of the values of exposure to risk recognize the following exceptions:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Intraday interbank exposures;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Exposures of financial entities with qualifying central counterparties, as defined by the Central
Bank rules on minimum capital;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Exposures with the Central Bank; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Exposures with the Argentine non-financial public sector.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Regarding the information
regime, the Central Bank has established that the financial entities shall inform the Superintendency of all the values of exposure
to credit risk before and after the application of mitigation techniques, detailing:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Exposures to risk with a value equal or above 10% of Tier 1 Capital of the financial entity;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Every other exposure to risk which value is equal or above 10% of the Tier 1 Capital of the financial
entity, without applying credit risk mitigation techniques;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">Excluded exposures to risk which values are equal or above 10% of the financial entity&rsquo;s
Tier 1 Capital; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">The financial entity&rsquo;s 20 largest applicable exposures to risk, regardless of its value in
relation with the financial entity&rsquo;s Tier 1 Capital.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the one hand, Communication
 &ldquo;A&rdquo; 6620 sets at 15% the limit of exposure with a counterpart of the non-financial private sector. Nevertheless, the limit
will be increased by 10 percentage points for the part of the exposures that are covered by preferred collaterals. Additionally, it sets
special limits for operating with financial institutions in the country and abroad (the general rule sets it at 25%). In the case of foreign
financial institutions that do not have an international risk rating included in the &ldquo;investment grade&rdquo; category, the maximum
limit is 5%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the other hand,
Communication &ldquo;A&rdquo; 6599 sets the global limit of exposure to risk with respect to affiliate counterparties at 20%. In
the case of stock held in an investment portfolio, the sum of all the values of exposure to risk corresponding to the total stocks
not related to the portfolio shall not exceed 15% (holdings in public services companies or companies dedicated to complementary
services to financial activities are excluded). The total limit of stocks and holdings shall be the sum of all the values of exposure
to risk corresponding to the total amount of stock in an investment or negotiation portfolio plus the credits for forward operations
and sureties entered into in authorized Argentine markets shall not exceed 50%.</P>

<!-- Field: Page; Sequence: 125; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->115<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Minimum controls to exposures of affiliates</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The regulations set
forth three stages for the control of the financial entity&rsquo;s affiliates exposure:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">Reports for the entity&rsquo;s management:</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Report by the CEO;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Report by the supervisory committee; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Acknowledgment of the reports by the entity&rsquo;s management.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Evidence of the affiliation to the financial entity: the personnel responsible for the analysis
and resolution of the credit operations shall expressly register whether or not the client is affiliated with the financial entity.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">Affidavit evidencing affiliation: affiliated clients shall file an affidavit stating if they belong
to the lending entity or if its relationship with such entity implies the existence of a controlling influence.</TD></TR></TABLE>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Interest Rate Risk</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Until January&nbsp;1,
2013, financial entities had to comply with minimum capital requirements regarding interest rate risk. These requirements were
intended to capture the sensitivity of assets and liabilities to changes in the interest rates. Communication &ldquo;A&rdquo; 5369
removed all rules and regulations regarding minimum capital requirements for interest rate risk. Notwithstanding this change, financial
entities must continue to calculate the interest rate risk and remain subject to the Superintendency&rsquo;s supervision. Communication
 &ldquo;A&rdquo; 6534, dated July&nbsp;3, 2018 established that the interest rare risk shall be measured through the calculation
of the Investment Portfolio Interest Rate (RTICI).</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Market Risk</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Minimum capital requirements
for market risks are computed as a function of the market risk of financial entities&rsquo; portfolios, measured as their VaR.
The regulation includes those assets traded on a regular basis in open markets and excludes those assets held in investment accounts,
which must meet counterparty and interest rate risk minimum capital requirements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are five categories
of assets. Domestic assets are divided into equity and public bonds/Central Bank debt instruments, the latter being classified
in two categories based on whether their modified duration is less than or more than 2.5 years. Foreign equity and foreign bonds
comprise two other categories and are also classified according to their duration, the latter of which is also broken up into two
separate categories based on whether their modified duration is less than or more than 2.5 years. The fifth category is made up
of foreign exchange positions, which are differentiated based on currency.</P>

<!-- Field: Page; Sequence: 126; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->116<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Overall capital requirements
in relation to market risk are based on the sum of the five amounts of capital necessary to cover the risks arising from each category
of assets.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Market risk minimum
capital requirements must be met daily. Information must be reported to the Central Bank on a monthly basis. Since May 2003, the
U.S. dollar has been included as a foreign currency risk component for the calculation of the market risk requirement and all assets
and liabilities denominated in U.S. dollars are taken into account.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Communication
 &ldquo;A&rdquo; 5867, market risk will be defined as the possibility of incurring losses in on- and off-balance sheet recorded
positions as a result of adverse changes in market prices. The market risk minimum capital requirement is the arithmetic sum of
the minimum capital requirement for interest rate (trading portfolio), stock (trading portfolio), exchange rate, commodities and
options risks (trading portfolio). To meet this capital requirement, entities must apply a &ldquo;Standard Measurement Method&rdquo;
based on an aggregate of components that separately capture the specific and general market risks for securities positions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>General considerations.</I>
Risks subject to this minimum capital requirement include risks derived from positions in instruments &ndash; such as securities
and derivatives &ndash; recorded as part of the trading portfolio, and risks from foreign currency and commodities positions recorded,
indistinctly, as part of the investment or trading portfolio. For the purpose of the above accounting recording, the trading portfolio
of financial entities comprises positions in financial instruments included among an entity&rsquo;s assets for purposes of trading
or of providing hedging to other items contained in the portfolio. Pursuant to Communication &ldquo;A&rdquo; 6690, a financial
instrument may be accounted for as part of the trading portfolio &ndash; for purposes of meeting the minimum capital requirement
for market risk &ndash; if such instrument may be traded free from any restriction or if the instrument may be hedged in full.
Also, the portfolio must be actively managed, and its positions must be valued on a daily basis and with the required accuracy.
Positions kept for trading purposes are those positions that the entity intends to sell in the short term or from which it intends
to derive a profit as a result of changes, either actual or expected, in short-term prices, or by means of arbitrage activities.
They include both positions that the entities keep for their own use and those they purchase in the course of services performed
for customers or &ldquo;market making&rsquo; activities.&rdquo; Financial entities must calculate the minimum capital requirement
for the counterparty credit risk involved in OTC transactions involving derivatives and securities financing transactions, such
as repo transactions (repo agreements), recorded as part of the trading portfolio on a separate and additional basis to the calculation
of capital requirements for general market risk and specific market risk of the underlying securities. For this purpose, entities
will be required to apply the methods and weighting factors usually applicable when those transactions are recorded as part of
the investment portfolio. Entities must have clearly defined policies and procedures in place, designed to determine the exposures
that are to be included into or excluded from the trading portfolio in order to calculate their minimum capital requirement for
market risk. On the other hand, the investment portfolio will include all securities held by the entity which are not included
in the trading portfolio.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The minimum capital
requirement for exchange rate risk will apply to the total position in each foreign currency. The minimum capital requirement for
securities will be computed in respect of the instruments accounted for as part of the trading portfolio, which must be valued
prudently (marked to market or marked to model). Instruments whose yield is determined in relation to CER must be considered fixed-rate
securities. Whether recorded as part of the trading or of the investment portfolio, items to be deducted for purposes of calculating
the RPC will be excluded from the calculation of the market risk minimum capital requirement.</P>

<!-- Field: Page; Sequence: 127; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->117<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Minimum capital
requirement for interest rate risk</I>. The minimum capital requirement for interest rate risk must be calculated in respect of
any debt securities and other instruments accounted for as part of the trading portfolio, including any non-convertible preferred
shares. This capital requirement is calculated by adding two separately calculated requirements: first, the specific risk involved
in each instrument, either a short or a long position, and second, the general market risk related to the effect of interest rate
changes on the portfolio. A set off of the long and short positions held in different instruments will be allowed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Minimum capital
requirement for positions in stock.</I> The capital requirement for the risk of holding equity positions in the trading portfolio
applies to both long and short positions in ordinary shares, convertible debt securities that function like shares and any call
or put options for shares, as well as any other instrument with a market behavior similar to that of shares, excluding non-convertible
preferred shares, which are subject to the minimum capital requirement for interest rate described in the preceding paragraph.
Long and short positions in the same security may be computed on a net basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Minimum capital
requirement for exchange rate risk.</I> The capital requirement for exchange rate risk establishes the minimum capital required
to hedge the risk involved in maintaining positions in foreign currency, including gold. To calculate the capital requirement for
exchange rate risk, entities must first quantify its exposure in each currency, and then estimate the risks inherent in the combination
of long and short positions in different currencies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Minimum capital
requirement for commodities risk</I>. The capital requirement for commodities risk establishes the minimum capital required to
hedge the risk involved in maintaining positions in commodities &ndash; but gold. The calculation of the capital requirement shall
express every commodity position in terms of the standard measure unity, and following the rules set forth in Communication &ldquo;A&rdquo;
6690.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Minimum capital
requirement for positions in options.</I> The calculation of the capital requirement for the risk involved in positions in options
may be based on the &ldquo;simplified method&rdquo; set forth in Communication &ldquo;A&rdquo; 6690 if the entity only purchases
options; provided that the market value of all the options in its portfolio does not exceed 5% of the entity&rsquo;s RPC for the
previous month, or if its positions in sold options are hedged by long positions in options pursuant to exactly the same contractual
terms. In all other cases, the entity must use the alternative &ldquo;delta plus&rdquo; method, provided for in the regulation.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consequences of a Failure to Meet Minimum Capital
Requirements</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event of non-compliance
with capital requirements by an existing financial institution, Central Bank Communication &ldquo;A&rdquo; 6091, as amended, provides
the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><I>non-compliance reported by the institutions</I>: the institution must meet the required capital
no later than the end of the second month after the date of non-compliance or submit a restructuring plan within thirty (30) calendar
days after the end of the month in which such non-compliance was reported. In addition, non-compliance with minimum capital requirements
will entail a number of consequences for the financial institution, including a prohibition to open branches in Argentina or in
other countries, establish representative offices abroad, or own equity in foreign financial institutions, as well as a prohibition
to pay cash dividends. Moreover, the Superintendency may appoint a representative, who shall have the powers set forth by the FIL.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 128; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->118<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><I>Non-compliance detected by the Superintendency</I>: the institution may challenge the non-compliance
determination within thirty (30) calendar days after being served notice by the Superintendency. If no challenge is made, or if
the defense is dismissed, the non-compliance determination will be deemed to be final and the procedure described in the previous
item will apply.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Furthermore, pursuant
to Communication &ldquo;A&rdquo; 5867, as amended by &ldquo;A&rdquo; 5889, among others, if a financial institution fails to meet
market risk daily minimum capital requirements, except for any failure to meet the requirements on the last day of the month, calculated
as a sum of VaR of included assets or derived from the calculation of capital requirements for interest rate, exchange rate and
stock risks the financial institution must replace its capital or decrease its financial position until such requirement is met,
and has up to ten (10) business days from the first day on which the requirement was not met to meet the requirement. If the financial
institution fails to meet this requirement after ten (10) business days, it must submit a regularization and reorganization plan
within the following five (5) business days and may become subject to an administrative proceeding initiated by the Superintendency.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Operational Risk</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The regulation on Operational
Risk (&ldquo;OR&rdquo;) recognizes the management of OR as a comprehensive practice separated from that of other risks, given its
importance. OR is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from
external events. The definition includes legal risk but excludes strategic and reputational risk.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial institutions
must establish a system for the management of OR that includes policies, processes, procedures and the structure for their adequate
management. This framework must also allow the financial entity to evaluate capital sufficiency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Seven OR event types
are defined, according to internationally accepted criteria:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">internal fraud;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">external fraud;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">employment practices and workplace safety;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">clients, products and business practices;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">damage to physical assets;</TD></TR></TABLE>

<!-- Field: Page; Sequence: 129; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->119<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">business disruption and system failures; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">execution, delivery and process management.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial entities
are charged with implementing an efficient OR management system following the guidelines provided by the Central Bank. A solid
system for risk management must have a clear assignment of responsibilities within the organization of financial entities. Thus,
the regulation describes the roles prepared by each level of the organization in managing of OR (such as the roles of the Board
of Directors, senior management and the business units of the financial institution).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial institution&rsquo;s
size and sophistication, and the nature and complexity of its products and processes, and the extent of the transaction determines
the type of &ldquo;OR Unit&rdquo; required. For small institutions, this unit may even consist of a single person. This unit may
functionally respond to the senior management (or similar) or a functional level with risk management decision capacity that reports
to that senior management.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An effective risk management
will contribute to prevent future losses derived from operational events. Consequently, financial entities must manage the OR inherent
in their products, activities, processes and systems. The OR management process comprises:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Identification and assessment: the identification process should consider both internal and external
factors that could adversely affect the development of the processes and projections created according to the business strategies
defined by the financial institution. Financial entities should use internal data, establishing a process to register frequency,
severity, categories and other relevant aspects of the OR loss events. This should be complemented with other tools, such as self-risk
assessments, risk mapping and key risk indicators.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Monitoring: an effective monitoring process is necessary for quickly detecting and correcting deficiencies
in the policies, processes and procedures for managing OR. In addition to monitoring operational loss events, banks should identify
forward-looking indicators that enable them to act upon these risks appropriately.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Control and mitigation: financial entities must have an appropriate control system for ensuring
compliance with a documented set of internal policies, which involve periodic reviews (to occur at least annually) of control strategies
and risk mitigation, and adjust these as necessary.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Communication
 &ldquo;A&rdquo; 5282, as amended by Communications &ldquo;A&rdquo; 6091 and &ldquo;A&rdquo; 6638, among others, the minimum capital
requirements regarding OR are equal to 15% of the annual average positive gross income of the last thirty-six (36) months.</P>

<!-- Field: Page; Sequence: 130; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->120<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The OR formula is as
follow:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in; color: Red"><IMG SRC="tm214268d1_20-fimg008.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The variables in the
OR formula are defined as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">C<SUB>ro</SUB>: the capital requirement for operational risk.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">&alpha;: 15%.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">n: the number of twelve-month consecutive terms with positive IB, based on the 36 months preceding
the month of calculation. The maximum value of n is 3.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">IBt: gross income from twelve-month consecutive terms, provided that it is a positive figure, corresponding
to the 36 months preceding the month of calculation.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gross income (ingresos
brutos) (&ldquo;IB,&rdquo; as per its acronym in Spanish) is defined as the sum of (a) financial and service income net of financial
and service expenses and (b) sundry gains net of sundry losses.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following items
are excluded from items (a)&nbsp;and (b) above:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">expenses derived from the creation or elimination of reserves during previous fiscal years and
recovered credits during the fiscal year that were written off in previous fiscal years;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">profits or losses from holding equity in other financial institutions or companies, if these were
deductible from RPC;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">extraordinary or unusual gains (<I>i.e.</I>, those arising from unusual and exceptional events
that resulted in gains) including income from insurance recovery; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">gains from the sale of classified species and measures at amortized cost of fair value with changes
in other integral gains.</TD></TR></TABLE>

<!-- Field: Page; Sequence: 131; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->121<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
financial institutions must comply, in their first month, with an OR minimum capital requirement equivalent to 10% of the aggregate
requirements determined for credit and market risks, in the latter case, for the positions on the last day of that month. As from
the second and up to the thirty-sixth month, the monthly capital requirement will be equivalent to 10% of the average requirements
determined for the months elapsed until, and including, the calculation period based on a consideration of the risks referred
to in the preceding paragraph, in accordance with the following formula:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in; color: Red"><IMG SRC="tm214268d1_20-fimg009.jpg" ALT="(GRAPHIC)"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
every t-month:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CRCt:
                                         the capital requirement for credit risk.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RMP,t:
                                         the capital requirement for market risk for the last day of such t-month.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n:
                                         the number of months preceding the month of calculation, inclusive. 2&le; n &le; 36.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
the thirty-seventh month onwards, the monthly requirement is calculated based on the OR formula.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
Cash Reserve Requirements</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
minimum cash reserve requirement requires that a financial institution keeps a portion of its deposits or obligations readily
available and not allocated to lending transactions and it is included in the Central Bank &ldquo;Rules of Minimum Cash,&rdquo;
as amended and supplemented.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
cash requirements are applicable to demand and time deposits and other liabilities arising from financial intermediation denominated
in Pesos, foreign currency, or government and corporate securities, and any unused balances of advances in checking accounts under
agreements not containing any clauses that permit the bank to discretionally and unilaterally revoke the possibility of using
such balances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
cash reserve obligations exclude (i)&nbsp;amounts owed to the Central Bank, (ii)&nbsp;amounts owed to domestic financial institutions
(excluding special deposits related to inflows of funds &ndash; Decree No. 616/2005), (iii) amounts owed to foreign banks (including
their head offices, entities controlling domestic institutions and their branches) in connection with foreign trade financing
facilities and with multilateral development banks, (iv)&nbsp;cash purchases pending settlement and forward purchases, (v)&nbsp;cash
sales pending settlement and forward sales (whether or not related to repurchase agreements), (vi) overseas correspondent banking
operations, (vii)&nbsp;demand obligations for money orders and transfers from abroad pending settlement to the extent that they
do not exceed a seventy-two (72) business hour term as from their deposit, and (viii)&nbsp;demand obligations with business for
the sales made by credit card and/or for the purchase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
liabilities subject to these requirements are computed on the basis of the effective principal amount of the transactions, including
differences in rates (either negative or positive), excluding interest accrued, past due, or to become due on the aforementioned
liabilities, provided they were not credited to the account of, or made available to, third parties, and, in the case of fixed
-term deposit of UVA and UVIs, the accrued amount resulting from the increment of the value of such unit.</FONT></P>



<!-- Field: Page; Sequence: 132; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->122<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
basis on which the minimum cash reserve requirement is computed is the average of the daily balances of the liabilities:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">registered
                                         at the end of each day during the period prior to the one of its integration, in the
                                         case the liabilities are denominated in Pesos; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">registered
                                         at the end of each day during the calendar month, in the case of liabilities denominated
                                         in foreign currency, or government and corporate securities.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
averages shall be obtained by dividing the aggregate of the daily balances into the total amount of the days of each period. Those
days in which no movements are registered shall repeat the balance corresponding to the immediately preceding Business Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Such
requirement shall be complied with on a separate basis for each currency and/or security and/or instrument under monetary regulation
in which the liabilities are denominated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows the
percentage rates that should be applied to determine the required minimum cash reserve requirement for financial institutions, depending
on whether: (i) the financial entities are included in Group &ldquo;A,&rdquo; as provided by Section 4 of the regulations on &ldquo;Authorities
of financial entities&rdquo; (Autoridades de entidades financieras), and/or branches or subsidiaries of foreign banks are classified as
systemically important (G-SIB) not included in that group; or (ii) the remaining financial entities. Section 4 of the regulations on &ldquo;Authorities
of financial entities&rdquo; of the Central Bank classifies the financial entities in: (a) Group &ldquo;A&rdquo; which includes those
entities in which the amount of their assets is greater than or equal to 1% of the total of the assets of the financial system (for the
purposes of calculating this indicator, the average of the assets corresponding to the months of July, August and September of the previous
year will be considered, according to the data that arise from the corresponding information regime); (b) Group &ldquo;B&rdquo; which
includes those entities in which the amount of their assets do not exceed 1% and greater than or equal to 0.25% of the total of the total
of the assets of the financial system; and (c) Group &ldquo;C&rdquo; which includes those institutions whose deposits do no exceed 0.25%
of the total of the assets of the financial system and/or, being Group B institutions, the ratio between their deposits and their RPC
is reless than 100%. The following fees arise from Communication &ldquo;A&rdquo; 6991:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Rate %</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 5.75pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Group A and G-SIB</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Group B and Group C</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">Item</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 5.75pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Pesos</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Foreign Currency</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Pesos</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Foreign Currency</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">1-</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 51%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Checking account deposits and demand deposits opened at credit cooperatives </TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">45</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">2-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Savings account, salary/social security accounts, special accounts (except for deposits included on items 7 and 11), and other demand deposits and liabilities, pension and social security benefits credited by ANSES pending collection and immobilized reserve funds for liabilities covered by these regulations </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">45</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">25</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">25</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">3-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Unused balances of advances in checking accounts under executed overdraft agreements </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">45</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 133; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->123<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Rate %</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 5.75pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Group A and G-SIB</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Group B and Group C</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">Item</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 5.75pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Pesos</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Foreign Currency</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Pesos</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Foreign Currency</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%; text-align: left; vertical-align: top">4-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 51%">Deposits in checking accounts of non-bank financial institutions, computed for purposes of meeting their required minimum cash reserve </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 10%">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 10%">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 10%">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">5-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits, liabilities under &ldquo;acceptances,&rdquo; (including responsibilities for sale or transfer of credits to agents different from financial institutions), stock-exchange repos (cautions and stock exchange passive repos), constant-term investments, with an option for early termination or for renewal for a specified term and variable income, and other fixed-term liabilities, except deposits included in the following items 7, 10 y 12 of this table, securities (including negotiable obligations), according to their outstanding term:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(i) Up to 29 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">32</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">23</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(ii) From 30 days to 59 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">22</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">17</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iii) From 60 days to 89 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iv) From 90 days to 179 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(v) From 180 days to 365 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(vi) More than 365 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">6-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Liabilities owed due to foreign facilities (not including those instrumented by term deposits, unless they are made by residents abroad linked to the entity pursuant to Section&nbsp;2 of the rules on &ldquo;Large Exposures to Credit Risk,&rdquo; nor the acquisition of debt securities, to which they must apply the requirements provided in the previous point)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(i) Up to 29 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">23</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(ii) From 30 days to 59 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">17</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iii) From 60 days to 89 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iv) From 90 days to 179 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(v) From 180 days to 365 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(vi) More than 365 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">7-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Demand and time deposits made upon a court order with funds arising from cases pending before the court, and the related immobilized balances</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(i) Up to 29 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">29</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(ii) From 30 days to 59 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">22</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iii) From 60 days to 89 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iv) More than 90 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">8-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Special deposits related to inflows of funds. Decree 616/2005 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">9-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits in nominative, non-transferable Peso-denominated certificates, belonging to public sector holders, with the right to demand early withdrawal in less than 30 days from its setting up </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">32</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">10-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Deposits and term investments &mdash;including savings accounts and securities (including Notes)&mdash; in UVIs and UVAs, according their outstanding term</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(i) Up to 29 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(ii) From 30 days to 59 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iii) From 60 days to 89 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.2in">(iv) More than 90 days </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">11-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Labor Work Fund for Construction Industry Workers, denominated in UVA </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">12-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Deposits and fixed term investments created in the name of minors for funds they receive freely </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">13-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Deposits in Pesos in demand accounts that constitute the assets of mutual funds (money market) </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 134; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->124<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the case of transactions in Pesos, when the jurisdiction of the main office where the transaction takes place, according to what
is established in Central Bank&rsquo;s regulations regarding &ldquo;Categorization of locations for financial entities&rdquo;,
belongs to the categories II to VI, the rates foreseen for demand deposits will be reduced by 2 percentage points and for term
placements by 1 percentage point up to a minimum of zero. In both cases, it does not include the impositions in securities. The
deferred impositions in Pesos arranged remotely (i.e. through home banking, web time deposits, etc.) will receive the same treatment
as those captured in the categories II to VI.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Financial
entities included in Group &ldquo;A&rdquo; and branches or subsidiaries of G-SIB not included in that group may integrate the
period and daily requirement in Pesos with &ldquo;National Treasury Bonds in Pesos at a fixed rate due November 2020&rdquo; and
 &ldquo;National Treasury Bonds in pesos at a fixed rate due May 2022&rdquo; in up to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5
                                         percentage points of the rates provided in point 1, point 2 (in Pesos), point 3, point
                                         9, and sections (i) and (ii) of points 5 and 7 (both in Pesos); and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2
                                         percentage points of the rates provided in sections (iii) of points 5 and 7 (both in
                                         Pesos).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
entities included in Group &ldquo;A&rdquo; and branches or subsidiaries of G-SIB not included in that group may integrate the
period and daily requirement in Pesos with LELIQ and/or NOBAC in up to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16
                                         percentage points of the rates provided in section (i)&nbsp;of point 5 (in Pesos) and
                                         9;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13
                                         percentage points of the rates provided by section (ii) of point 5 (in Pesos);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3
                                         percentage points of the rates provided by seciton (i) and (ii) of point 10 and 11; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2
                                         percentage points of the rates provided by section (iii) of point 5.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
entities not included in the last paragraph in up to</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3
                                         percentage points of the rates provided by sections (i) and (ii) of point 5, point 9,
                                         sections (i) and (iii) of point 10 and point 11; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2
                                         percentage points of the rates provided in section (iii) of point 5.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to be admitted the integration with &ldquo;National Treasury Bonds in Pesos at a fixed rate due November 2020,&rdquo; &ldquo;National
Treasury Bonds in pesos at a fixed rate due May 2022,&rdquo; LELIQ and/or NOBAC as described above, they must be valued at market
prices and be deposited in Sub-account 60, minimum cash enabled in the &ldquo;Central Registry and Settlement of Public Liabilities
and Financial Trusts&mdash;CRyL&rdquo; (<I>Central de Registro y Liquidaci&oacute;n de Pasivos P&uacute;blicos y Fideicomisos
Financieros</I>).</FONT></P>



<!-- Field: Page; Sequence: 135; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->125<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
minimum cash requirement will be reduced:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in
                                         accordance with the participation in the total of financing operations to the non-financial
                                         private sector in Pesos in the entity of financing to MiPyMEs in the same currency;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 86%; font: 10pt Times New Roman, Times, Serif; margin-left: 1in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Participation, in the total of financing operations <BR>
to MiPyMES with respect of total of financing <BR>
operations to the non-financial private sector, in <BR>
the institution</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Reductions (over the total of the concepts included in Pesos) %</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 68%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Less than 4 </TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: center">0.00</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 4 to less than 6 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">0.75</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 6 to less than 8 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">1.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 8 to less than 10 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">1.25</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 10 to less than 12 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">1.50</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 12 to less than 14 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">1.75</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 14 to less than 16 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 16 to less than 18 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2.20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 18 to less than 20 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2.40</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 20 to less than 22 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2.60</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 22 to less than 24 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2.80</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 24 to less than 26 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">3.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 26 to less than 28 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">3.20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From 28 to less than 30 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">3.40</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">30 or more than 30 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">3.60</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculations
will consider the mobile average balance at the end of the last 12 months prior to the low report of the financings in Pesos (Loans
and Credits for Financial Leases) granted to MiPyMEs in respect of the total of such financings to the non-financial private sector
of the institution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depending
                                         on the granting of financing under the <I>&ldquo;Ahora 12&rdquo;</I> Program (the implementation
                                         of the Consumer Promotion Program and the Production of Goods and Services named <I>&ldquo;Ahora
                                         12&rdquo;</I> was created by Joint Resolution 671/2014 and 267/2014 of the former Ministry
                                         of Economy and Public Finance and the Ministry of Industry), in an amount equivalent
                                         to 20% of the sum of the financing in Pesos that the entity grants:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">whose
                                         destination is the acquisition of goods and services included in the aforementioned resolution
                                         and its complementary regulations; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
                                         non-financial companies issuing credit cards at an annual interest rate of up to 17%,
                                         insofar as these companies are part of the <I>&ldquo;Ahora 12&rdquo;</I> Program.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
from March 1, 2020, Communication &ldquo;A&rdquo; 6916 increased the 20% decrease of the requirement for &ldquo;Ahora 12,&rdquo;
to 35% of the aggregate financings in Pesos granted by the relevant institution until September 30, 2020, and 50% of the aggregate
financings in Pesos granted from October 1, 2020. Additionally, effective from March 19, 2020, Communication &ldquo;A&rdquo; 6937
set the limit of the deduction at 6% over the items in Pesos subject to the Central Bank Rules of Minimum Cash.</FONT></P>



<!-- Field: Page; Sequence: 136; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->126<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depending
                                         on the cash withdrawals made through institution ATMs. The requirement will be reduced
                                         by the amount calculated on the basis of the monthly average of total daily cash withdrawals
                                         from ATMs, corresponding to the prior month, located in the institution&rsquo;s operational
                                         houses, according to the jurisdiction in which is located, in accordance with the provisions
                                         of the &ldquo;Locations for Financial Institutions Categorization Rules.&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
this purpose, the included ATMs are those that &ndash; at least &ndash; allow users to make cash withdrawals regardless of the
institution in which they are customers and the network managing such equipment and that &ndash;on a monthly average, computing
business and non-business days &ndash; have remained accessible to the public for at least ten hours a day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the case of financial entities included in Group &ldquo;A,&rdquo; the requirement will
                                         be reduced by an amount equivalent to the 30% of the aggregate of all financing in Pesos
                                         to MiPyMEs &ndash; in accordance with the definition contained in the &ldquo;Determination
                                         of the Status of Micro, Small or Medium-Sized Enterprises Rules&rdquo;- agreed at a maximum
                                         interest of:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">40%
                                         fixed nominal per annum until and including February 16, 2020 (which may continue to
                                         be counted until its termination).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35%
                                         fixed nominal per annum from February 17, 2020.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
this purpose, the average monthly balance of the financings granted the period before the requirement was calculated that meets
the above conditions shall be included. This deduction may not exceed 2% of the items in Pesos subject to the requirement, on
average, of the month prior to the calculation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
financings calculated for this item 4 deduction cannot be included for the determination of the item 1 above deduction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         accordance with the special treatment provided for financings under Decree No. 260/2020.
                                         The requirement will be reduced by an amount equivalent to 40% of the sum of the financings
                                         in pesos agreed to an annual rate of up to 24% with the following objectives:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MiPyMEs
                                         if at least 50% of such financings are allocated to working capital.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Providers
                                         of human health services if they provide hospitalization in the framework of the health
                                         emergency as provided by Decree No. 260/2020.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-MiPyMEs
                                         clients that agree such financings for the acquisition of machines and equipment produced
                                         by local MiPyMEs.  </FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 137; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->127<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
deduction may not exceed 4% of the concepts in Pesos subject to demand on average of the month immediately previous of the month
of computation, and can be extended up to 6% in the case of the following financings agreed as from July 1, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 112.5pt"></TD><TD STYLE="width: 31.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Clients
                                         that received the assistance provided for in point (5) a. above, up to the total amount
                                         equivalent to the monthly wage bill (without the supplementary annual salary) to be paid
                                         by the applicant;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 112.5pt"></TD><TD STYLE="width: 31.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Clients
                                         that did not received such special assistance.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         accordance with the special treatment provided for under Decree No. 332/2020. The requirement
                                         will be reduced by an amount equivalent to:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">60%
                                         of the amount of the &ldquo;Zero Interest-Rate Credits,&rdquo; &ldquo;Loans at Subsidized
                                         Rate for Companies&rdquo; and &ldquo;Zero Interest-Rate Culture Credits&rdquo; agreed
                                         under the framework of Decree No. 322/2020 (as amended) and disbursed until November
                                         5, 2020;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24%
                                         of the &ldquo;Loans at Subsidized Rate for Companies&rdquo; disbursed until November
                                         6, 2020, at a nominal annual rate of 27%;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7%
                                         of the &ldquo;Loans at Subsidized Rate for Companies&rdquo; disbursed as of November
                                         6, 2020 at a nominal annual rate of 33%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(8)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the case of financings to MiPyMEs not informed at the Financial System&rsquo;s Debtors
                                         Center (Central de Deudores del Sistema Financiero), the requirement will be reduced
                                         by an amount equivalent to 40% of the financings in pesos to MiPyMEs agreed at a nominal
                                         annual rate of 24% measured on a monthly average of daily balances from the previous
                                         month.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(9)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the case of financings included in the &ldquo;Line of financings for the productive investments
                                         of MiPyMEs,&rdquo; the requirement will be reduced by an amount equivalent to 14% of
                                         the financings foreseen in point 4.1. of such line of credits, provided such financings
                                         are agreed at an annual nominal interest rate of up to 30%, measured on a monthly average
                                         of daily balances from the previous month.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financings computed for
the deduction provided in points 1 and 4-7 can only be computed in one of the above-mentioned points. In addition, the financings computed
for the deduction provided in points 4, 5 and 7 shall (i) continue to be computed for the corresponding deduction their monthly average
daily balances for the financings provided before October 15, 2020, inclusive; (ii) be voluntary and may not be counted against the deductions
of points 4, 5 and 7.</P>

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



<!-- Field: Page; Sequence: 138; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->128<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Whenever
there is an excessive concentration of liabilities (in holders and/or terms), which implies a significant risk with respect to
the individual liquidity of the financial institution and/or has a significant negative effect on the systemic liquidity, additional
minimum cash may be set on the liabilities included in the financial entity and/or those complementary measures that are deemed
pertinent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Likewise,
the minimum cash requirement may be increased due to non-compliance with the rules on the &ldquo;Credit Line for productive investment.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to the abovementioned requirements, the reserve for any defect in the application of resources in foreign currency net
of the balances of cash in the entities, in custody in other entities, in transit and in Transporters of Securities, for a certain
month, shall be applied to an amount equal to the minimum cash requirement of the corresponding currency for each month.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
minimum cash reserve must be set up in the same currency or securities or debt instruments for monetary regulation to which the
requirement applies, and may include the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts
                                         maintained by financial institutions with the Central Bank in Pesos.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts
                                         of minimum cash maintained by financial institutions with the Central Bank in U.S. dollars,
                                         or other foreign currency.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special
                                         guarantee accounts for the benefit of electronic clearing houses and to cover settlement
                                         of credit card, vouchers, and ATM transactions and immediate transfer funds.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Checking
                                         accounts maintained by non-bank financial institutions with commercial banks for the
                                         purpose of meeting the minimum reserve requirement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special
                                         accounts maintained with the Central Bank for transactions involving social security
                                         payments by the ANSES.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
                                         cash sub-account 60, authorized in the Registration and Settlement Central for Public
                                         Debt and Financial Trusts &ndash; CRYL (&ldquo;<I>Central de Registro y Liquidaci&oacute;n
                                         de Pasivos P&uacute;blicos y Fideicomisos Financieros </I>&ndash; CRYL&rdquo;) for public
                                         securities and securities issued by the Central Bank at their market value.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
eligible items are subject to review by the Central Bank and may be changed in the future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance
with the minimum cash reserve requirement will be measured on the basis of the monthly average of the daily balances of eligible
items maintained during the period to which the minimum cash reserve refers by dividing the aggregate of such balances by the
total number of days in the relevant period. The compensation of deficit positions with surplus positions corresponding to different
requirements will not be accepted.</FONT></P>



<!-- Field: Page; Sequence: 139; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->129<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
aggregate balances of the eligible items referred to above, maintained as of each daily closing, may not, on any one day during
the period, be less than 25% of the total required cash reserve, determined for the next preceding period, recalculated on the
basis of the requirements and items in force in the month to which the cash reserves relate, without considering the effects of
the application of the provisions of section &ldquo;1.7 Transfers&rdquo; of the &ldquo;Minimum Cash&rdquo; rules. The daily minimum
required is 50% when a deficit to the admitted transfer margin occurs in the previous period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
deficiencies in meeting the required minimum cash reserve and the daily minimum reserve in Pesos, in foreign currency, or securities
or debt instruments for monetary regulation are subject to a penalty in Pesos, equal to 1.5 times the average nominal interest
rate of the shorter term peso denominated LELIQs auction published on the last business day of the relevant period or, if not
available, the last one available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LELIQ
global daily position</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 7054 of the Central Bank, the LELIQ global daily position of the banks is subject to the following
restrictions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
                           April 17, 2020, until April 30, 2020, it shall not surpass 90% of the exceeding holdings registered
                           as of March 19, 2020.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">it shall not surpass,
    on monthly averages of daily balances, the percentages as set forth in the following table and according to the financings
    computed on the previous period:</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Limits to the net position excess (as a percentage of the exceeding holdings registered as of March 19, 2020)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">Financings as a <BR>
percentage of potential <BR>
credit to MiPyMEs</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">from May 1, 2020</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">from July 1, 2020</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">from September 1, 2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">100% </TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; color: #333333">&nbsp;</TD>
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">90</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">85</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">85</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: left; text-indent: -0.1in; padding-left: 0.1in">&lt; 100 % up to 75 % </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">85</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">80</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">70</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: left; text-indent: -0.1in; padding-left: 0.1in">&lt; 75 % up to 50 % </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">80</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">75</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">65</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: left; text-indent: -0.1in; padding-left: 0.1in">&lt; 50% up to 25 % </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">75</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">70</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">60</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-indent: -0.1in; padding-left: 0.1in">&lt; 25% </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">70</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">65</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: #333333; text-align: center">55</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the purposes of this scheme, the &ldquo;potential credit to MiPyMEs&rdquo; shall be calculated as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
                                         July 1, 2020, to August 31, 2020, it will be the sum of:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10%
                                         of the LELIQs holdings exceeding those admitted for the integration of the minimum cash
                                         requirement in Pesos provided in point 1.3.16 of the &ldquo;Minimum Cash&rdquo; rules,
                                         registered as of March 19, 2020; and</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 140; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->130<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         amount of the decrease of the requirement provided in point 1.5.5. of the &ldquo;Minimum
                                         Cash&rdquo; rules or the 4% of the concepts subject to the requirement, whichever is
                                         lower.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
                                         September 1, 2020, it will be the sum of:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15%
                                         of the LELIQs holdings exceeding those admitted for the integration of the minimum cash
                                         requirement in pesos provided in point 1.3.16 of the &ldquo;Minimum Cash&rdquo; rules,
                                         registered as of March 19, 2020; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         amount of the decrease of the requirement provided in point 1.5.5. of the &ldquo;Minimum
                                         Cash&rdquo; or the 6% of the concepts subject to the requirement, whichever is lower,
                                         plus the 40% of the monthly average of daily balances of the previous period of financing
                                         charged to the &ldquo;Credit line for the productive investment of MiPyMEs&rdquo;.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
from June 1, 2020, for financial institutions that raise deposits at the minimum deposit rate set out in point 1.11.11.(ii) of
the &ldquo;Deposits and Term Investments&rdquo; rules, the limit for their net position excess of LELIQ shall be in the amount
equivalent to 18% of the deposits and term investments in Pesos constituted by the non-financial private sector.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
from August 1, 2020, the limit for their net position excess of LELIQ shall be increased by the amount resulting from the positive
difference between the limit for the cash position between the greater of U.S.$2,500,000 or 4% of the RPC of the immediately preceding
month, and the monthly average of daily observed cash position balances, or zero if negative, for the same month. This position
may not exceed the amount resulting from multiplying the percentage corresponding to the computation month (according to the table
below) by the increase verified during March 2021:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Computation month</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Extension limit</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 84%; font: 10pt Times New Roman, Times, Serif; text-align: left">April 2021 </TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: right">80</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">May 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">50</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">June 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">July 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">August 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">September 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">October 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">November 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">December 2021 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">65</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">January 2022 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">30</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">From February 2022 </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
</TABLE>




<!-- Field: Page; Sequence: 141; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->131<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
from September 1, 2020, for financial institutions that raise deposits at the minimum deposit rate set out in point 1.11.11.(i)
of the &ldquo;Deposits and Term Investments&rdquo; rules, the limit for their net position excess of LELIQ shall be in the amount
equivalent to 13% of such deposits, measured regarding the monthly average of balance of the immediately preceding month.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
May 11, 2020 until June 30, 2020, financial institutions shall reduce their net position excess of LELIQ by an additional 1% of
the excess holding recorded as of March 19, 2020. The financial institutions shall decrease their excess net position as they
collect LELIQ payments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
July 1, 2020, the net position excess shall be reduced following the next chart:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Reached Percentage</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Reduction of the net position excess</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 49%; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: -0.1in; padding-left: 0.1in">100 %</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 49%; font: 10pt Times New Roman, Times, Serif; text-align: center">1%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: -0.1in; padding-left: 0.1in">&lt; 100 % up to 75 %</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">1.5%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: -0.1in; padding-left: 0.1in">&lt; 75 % up to 50 %</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: -0.1in; padding-left: 0.1in">&lt; 50% up to 25 %</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">2.5%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: -0.1in; padding-left: 0.1in">&lt; 25%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">3%</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where
 &ldquo;Reached percentage&rdquo; means the sum of (i) the reduction in the LELIQ position established in the first paragraph of
point 8 of the Communication &ldquo;A&rdquo; 7054; (ii) the decrease in the minimum cash requirement in Pesos provided in point
1.5.7 of the &ldquo;Minimum Cash&rdquo; rules; and (iii) the amount equivalent to 40% of the monthly average of daily balances
of the previous period of financing affected to the &ldquo;Credit line for the productive investment of MiPyMEs&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
October 2, 2020, inclusive, financial institutions shall reduce the net position excess by an amount equivalent to 20% of the
net position excess of LELIQ recorded in monthly average daily balances in September of 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
institutions that, as of and including November 13, 2020, hold a percentage of time deposits in Pesos constituted by the non-financial
private sector with respect to total deposits in Pesos by that sector of less than 10% - measured on a monthly average of daily
balances, considering only capital without interest or adjustments- may not:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquire
                                         LELIQ for their net position excess; nor</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Carry
                                         out 7-day swap transactions with the Central Bank.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Internal
Liquidity Policies of Financial Institutions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity
Coverage Ratio</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Central Bank&rsquo;s regulations on the liquidity coverage ratio (the &ldquo;LCR&rdquo;), financial institutions must adopt
management and control policies that ensure the maintenance of reasonable liquidity levels to efficiently manage their deposits
and other financial commitments and must comply with the liquidity coverage ratio established thereunder, under a 30-day stress
test scenario. Such policies should establish procedures for evaluating the liquidity of the institutions in the framework of
prevailing market conditions to allow them to revise projections, take steps to eliminate liquidity constraints and obtain sufficient
funds, at market terms, to maintain a reasonable level of assets over the long term. Such policies should also address (i)&nbsp;the
concentration of assets and liabilities in specific customers, (ii)&nbsp;the overall economic situation, likely trends and the
impact on credit availability, and (iii)&nbsp;the ability to obtain funds by selling government debt securities and/or own assets.</FONT></P>



<!-- Field: Page; Sequence: 142; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->132<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
organizational structure of the entity must place a specific unit or person in charge of managing liquidity and assign levels
of responsibility to the individuals who will be responsible for managing the LCR, which will require daily monitoring. The participation
and coordination of the entity&rsquo;s top management authority (<I>e.g.</I>, CEO) will be necessary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, financial institutions must designate a director or advisor who will receive reports at least weekly, or more frequently
if circumstances so require, such as when changes in liquidity conditions require new courses of action to safeguard the entity.
In the case of branches of foreign financial institutions the reports must be delivered to the highest authority in the country.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appointed
officers and managers will be responsible for managing the liquidity policy that, in addition to monitoring the LCR, includes
taking the necessary steps to comply with minimum cash requirements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
institutions must report the list of such officers and directors, as well as any subsequent changes, to the Superintendency within
ten (10) calendar days from the date of any such change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity
Parameters</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to the LCR, there are other parameters that are used as systematic tools of control. These policies contain specific
information regarding cash flows, balance structure and available underlying assets free of charge. These parameters, along with
the LCR, offer basic information to evaluate the liquidity risk. The included parameters are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">gaps
                                         in contractual terms;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">funding
                                         concentration;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">available
                                         assets free of restrictions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LCR
                                         for relevant currency; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">market-related
                                         monitoring tools.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
Communication &ldquo;A&rdquo; 6209, as amended, sets forth that financial institutions must have an adequate stock of high-quality
liquid assets (&ldquo;HQLA&rdquo;) free of any restrictions which can be immediately converted into cash in order to cover their
liquidity needs during a period of 30 days in case of a stress scenario. Also, financial institutions must carry out their own
stress tests so as to determine the liquidity level they should maintain in other scenarios, considering a period higher than
30 calendar days.</FONT></P>



<!-- Field: Page; Sequence: 143; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->133<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
LCR must be equal to or greater than 1 (that is to say, the stock of HQLA must not be lower than the total net cash outlays) in
the absence of a financial stress scenario. If this is not the case, the LCR may fall below&nbsp;1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank describes how to categorize a stress scenario, taking into account the following: the partial loss of retail deposits;
the partial loss of wholesale non-guaranteed funding capacity; the partial loss of guaranteed funding; additional fund outlays
due to situations contractually provided for as a consequence of a significant decline in the financial institution&rsquo;s credit
quality; market volatility increases that have an effect on the quality of guarantees or on the potential future exposure of positions
in derivatives; the unforeseen use of credit and liquidity facilities compromised and available but not used that the financial
institution may have granted to its clients; and/or the need that the financial institution may experience to repurchase debt
or to comply with non-contractual obligations so as to mitigate its reputational risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
LCR calculation must be made on a permanent basis and informed to the Central Bank on a monthly basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
HQLA can only be made up of the following portfolio assets (consider as Tier 1 (An1)) at the day of the calculation. In order
to calculate the LCR, the related assets include, among others, cash in hand, in transit, in armored transportation companies
and ATMs; deposits with the Central Bank; certain national public bonds in Pesos or in foreign currency; securities issued or
guaranteed by the International Payments Bank, the IMF, the European Central Bank, the European Union or Multilateral Development
Banks that comply with certain conditions and debt securities issued by other sovereign entities (or their central banks).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net
Stable Funding Ratio</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
purpose of the net stable funding ratio (&ldquo;NSFR&rdquo;) is to allow financial institutions to finance their activities with
sufficiently stable sources to mitigate the risk of future stress situations derived from their funding requirements. By requiring
financial institutions to maintain a stable funding profile relative to the breakdown of their off-balance sheetassets and transactions,
the NSFR limits the strong dependence on short term wholesale funding, promotes a better assessment of balance sheet and off-balance
sheet items funding risk, and favors funding sources stability. The definitions of the components of the NSFR are similar to those
set forth in the &ldquo;Liquidity Coverage Ratio&rdquo; regulations, unless otherwise expressly set forth herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
NSFR is defined as the available amount of stable funding relative to the required amount of stable funding, where: AASF (Available
Amount of Stable Funding) is the capital and liabilities of the financial institution &ndash; calculated in the manner set forth
in Section 2 &ndash; that are expected to be available over a one -year term. RASF (Required Amount of Stable Funding) is the
amount of funding necessary for such period &ndash; calculated in the manner set forth in Section 3 &ndash; based on its liquidity
and remaining life of the institution&rsquo;s assets and its off-balance sheet obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
NSFR shall be at all times greater than or equal to 1 (NSFR &gt; 1). It shall be supplemented with the assessment made by the
Superintendency. The Superintendency may demand the institution to adopt stricter standards to reflect its funding risk profile,
also taking into account the assessment made in connection with the &ldquo;Risk Management Guidelines for Financial Institutions&rdquo;
in connection with the institution&rsquo;s liquidity.</FONT></P>



<!-- Field: Page; Sequence: 144; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->134<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Financial Institutions shall observe the NSFR all times and report it on a quarterly basis to the Superintendency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leverage
Ratio</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 6431, effective as of March&nbsp;1, 2018, the Central Bank incorporated a ratio to limit the
leverage of financial institutions in order to avoid the adverse consequences of an abrupt reduction in leverage in the supply
of credit and the economy in general, and reinforce the minimum capital requirement with a minimum capital requirement simple
and not based on risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
leverage ratio, which must be greater than or equal to 3%, arises from the following expression:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ratio
(as %) = Measure of capital / Measure of exposure where the measure of capital will be the basic net worth, and the measure of
the exposure will be the sum of (i)&nbsp;the exposures in the asset (excluding the items corresponding to derivatives and Securities
Financing Transactions (SFT)), (ii) exposures by derivatives, (iii)&nbsp;exposures for SFT transactions, and (iv)&nbsp;off-balance-sheet
items. Both measures must be calculated based on the closing balances of each quarter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
rate and fee regulations</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum
lending rates</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December&nbsp;17, 2015, the Central Bank issued Communication &ldquo;A&rdquo; 5853 (as amended by Communication &ldquo;A&rdquo;
5891, among others), pursuant to which the provisions that established maximum interest rates applicable to the lending transactions
ceased to have effect in respect of any new transactions conducted as from and including such date. In addition, Communication
 &ldquo;A&rdquo; 5853 established the basic requirement that compensatory interest rates be freely agreed upon among financial
institutions and their customers in accordance with established provisions under applicable statutory regulations, such as Central
Bank rules which state the maximum interest rate applicable to credit card facilities. Also, the punitive fee in addition to compensatory
interest will be freely agreed upon among financial institutions and their customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regulations
set forth that the fixed-rate loan agreements shall not contain clauses that allow their modification under certain circumstances,
unless those modifications come from decisions taken by the competent authority and the variable-rate loan contracts must clearly
specify the parameters that will be used for its determination and periodicity of variation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
respect to transactions linked to credit cards:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in
                                         those granted by financial institutions, the rate may not exceed more than 25% of the
                                         average of the interest rates applied by the entity, during the immediately preceding
                                         month, weighted by the corresponding amount of personal loans without <I>in rem </I>security
                                         interests granted in the same period;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 145; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->135<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in
                                         those granted by other issuing entities, the rate may not exceed the simple average of
                                         the system&rsquo;s rates for open market personal loan operations (general customers)
                                         by more than 25%, with no <I>in rem </I>security interest, published by the Central Bank
                                         on a monthly basis, prepared on the basis of information corresponding to the second
                                         previous month, taking into account the provisions of the preceding point.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Punitive
fees in credit cards linked financing transactions, may not exceed more than 50% to the compensatory interest rate that the issuer
charges for the financing of outstanding debt of credit cards.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zero
interest-rate financings policy</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
means of Communication &ldquo;A&rdquo; 6993, dated April&nbsp;24, 2020, with the purpose of containing the impact the ongoing
COVID-19 pandemic, the Central Bank established a zero interest-rate financing policy, applicable only to the eligible clients
to be later determined by AFIP to whom the financial institutions may grant credit card financings to be paid in at least 12 equal
and consecutive installments after a 6-month grace period. In regards to these loans, the minimum cash requirement will be reduced
in accordance with the provisions of Decree No.&nbsp;332/2020 (as amended and restated). Additionally, companies which are granted
a zero interest-rate loan may not, until full repayment: (i)&nbsp;access the foreign exchange market to carry out operations corresponding
to the formation of external assets, remittance of family aid and derivatives; and, (ii)&nbsp;sell securities with settlement
in foreign currency or transfer them to other depositary entities (<I>contado con liquidaci&oacute;n</I>).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
term deposit rates</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 5853 (as amended by Communication &ldquo;A&rdquo; 5891, among others) the provisions that established
minimum interest rates applicable to the term deposits ceased to have effect in respect of any new transactions conducted as from
and including such date. The remuneration for deposits and term investments will be established at a rate freely agreed upon among
the parties according to the applicable rules for each type of operation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fees</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Central
Bank regulations grant broad protection to financial services customers since 2013. The protection includes, among other things,
the regulation of fees and commissions charged by financial institutions for services provided. Fees and charges must represent
a real, direct and demonstrable cost and should be supported by a technical and economic justification. It is worth noting that
Communication &ldquo;A&rdquo; 5514 sets forth an exception to the enforcement of Communication &ldquo;A&rdquo; 5460 for certain
credit agreements that have pledges as collateral and are issued before September&nbsp;30, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June&nbsp;10, 2014, the Central Bank issued Communications &ldquo;A&rdquo; 5591 and &ldquo;A&rdquo; 5592, through which established
new rules regarding fees and charges for basic financial products and services. Beginning on the effective date of the rule, financial
institutions must have prior authorization from the Central Bank to implement increases to the cost of those services. The rule
also specifically defines which financial services are considered basic.</FONT></P>



<!-- Field: Page; Sequence: 146; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->136<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December&nbsp;23, 2014, the Central Bank issued Communication &ldquo;A&rdquo; 5685 amending Communication &ldquo;A&rdquo; 5460,
setting forth that any increase in commissions of new products or services must have the prior authorization of the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August&nbsp;21, 2015, the Central Bank issued Communication &ldquo;A&rdquo; 5795, as amended and supplemented by several regulations,
including but not limited to Communication &ldquo;A&rdquo; 5828, establishing additional rules aimed at protecting financial services
customers by reinforcing regulations that prohibit financial institutions from charging fees and commissions related to insurance
products that financial services customers purchase as accessories of financial services, regardless of whether it is a customer
request or a condition set by the financial institution to access the financial service. In this regard, beginning on November&nbsp;13,
2015, financial institutions may not receive remunerations or profits from such insurance products or receive remunerations or
profits, directly or indirectly, from insurance companies with respect to such products.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furthermore,
Communication &ldquo;A&rdquo; 5828 creates a distinction between &ldquo;life insurance on debit balances&rdquo; and &ldquo;other
insurance,&rdquo; establishing for the former that financial institutions cannot charge users any fee and/or charge associated
with such kind of insurance. Financial institutions must purchase life insurance on debit balances with coverage for death or
permanent total disability with respect to financings granted to human beings. Alternatively, they can self-insure the risks of
death and permanent total disability of financial services clients. In both cases, coverage must fully cover the amount due in
case of death or total permanent disability of the beneficiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
March&nbsp;21, 2016, the Central Bank issued Communication &ldquo;A&rdquo; 5927 (as supplemented by Communication &ldquo;A&rdquo;
5928) that established new rules aimed at protecting the financial user and an increase of the banking services use. In this regard,
beginning on April&nbsp;1, 2016, the electronic transfers ordered or received by clients categorized as financial services customers
will not be charged with fees or commissions. For clients that do not meet this category, as companies, transfers of funds up
to Ps.250,000, ordered or received by electronic means, will not be charged fees or commissions. Communication &ldquo;A&rdquo;
5927 also established that immediate transfers of funds of up to Ps.100,000 per day and account can be made via home banking every
day of the year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
March 21, 2016, the Central Bank issued Communication &ldquo;A&rdquo; 5928, pursuant to which all saving accounts shall be free,
including the use of the corresponding debit card. In this regard, all existing saving accounts shall be free of charge, as well
as for new clients. The saving accounts shall not have amount limits, or any charge related to their creation, maintenance or
renovation. In addition, pursuant to such regulation, commissions could be increased up to 20%, but such increase must be informed
to the client sixty (60) days in advance. Furthermore, as of September 1, 2016 commissions&rsquo; caps are eliminated, but financial
institutions will have to inform their customers in advance about the commissions that other financial entities are charging.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Central
Bank issued Communication &ldquo;A&rdquo; 6212, effective as of April&nbsp;1, 2017, which reduces credit card and debit card sales
commissions on a gradual annual plan. Pursuant to Communication &ldquo;A&rdquo; 6212, the maximum credit card sales commission
rate for 2017 is 2.0% and for 2018, 2019, 2020 and 2021 and after, will be 1.85%, 1.65%, 1.50% and 1.30%, respectively. The maximum
debit card sales commissions for 2017 is 1.0% and for 2018, 2019, 2020 and 2021 and after, will be 0.90%, 0.80%, 0.70% and 0.60%,
respectively.</FONT></P>



<!-- Field: Page; Sequence: 147; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->137<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
April 17, 2019, the Central Bank issued Communication &ldquo;A&rdquo; 6681, pursuant to which it ruled that banks will not be
allowed to charge fees or commissions to SMEs for over-the-counter cash deposits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later,
on March 26, 2020, through Communication &ldquo;A&rdquo; 6945 (as amended by Communications &ldquo;A&rdquo; 6957, &ldquo;A&rdquo;
6963, &ldquo;A&rdquo; 7009, &ldquo;A&rdquo; 7044, &ldquo;A&rdquo; 7107 and lastly by Communication &ldquo;A&rdquo; 7181 dated
December 17, 2020), the Central Bank determined that until March 31, 2021, any operation effected through ATMs would not be subject
to any charges or fees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum
term for payments to commerces and providers</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
virtue of Communication &ldquo;A&rdquo; 6680, effective as of May&nbsp;1, 2019, the Central Bank established a maximum term of
ten business days for financial entities to deposit payments to commerces and providers for sales made via credit cards or purchase
cards, calculated from the sale date. Furthermore, financial entities shall not charge any fee or interest related to such payment
term, nor block this payment mechanism in any way.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nevertheless,
by virtue of Communication &ldquo;A&rdquo; 6680, the Central Bank excluded from the scope of the provisions disclosed by Communication
 &ldquo;A&rdquo; 6680 the credit and/or purchase cards issued to individuals or legal entities that are intended for the payment
of purchases with a deferred term or more than one month related to their productive activity, i.e. agricultural o distribution
activities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans
and Housing Units</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank has adopted measures for taking deposits and extending loans expressed in a special measuring unit adjustable by
the CER. These special units are referred to as Adjustable Purchase Value Units (<I>Unidades de Valor Adquisitivo Actualizables</I>,
or &ldquo;UVAs&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, Law No. 27,271 provides for the adjustment of deposits and loans by reference to the construction index, expressed in
a special measuring unit referred to as Housing Units (<I>Unidades de Vivienda</I> or &ldquo;UVI&rdquo;)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consequently,
UVAs and UVIs coexist and may be used both with respect to bank loans and deposits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
initial value of the UVI was Ps.14.05 (the same as the UVA), representing the cost of construction of one thousandth square meter
of housing as of March 31, 2016. As of April 29, 2021, the value of UVI and UVA are Ps.77.60 and Ps.74.75, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Both
units are amended based on the indices published by the INDEC and the Central Bank on their websites.</FONT></P>



<!-- Field: Page; Sequence: 148; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->138<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
Exchange System</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
September 1, 2019, with the purpose of strengthening the normal functioning of the economy, fostering a prudent administration
of the exchange market, reducing the volatility of financial variables and containing the impact of the variations of financial
flows on the real economy, the Argentine government reinstated exchange controls. The new controls apply to access to the foreign
exchange market by residents for savings and investment purposes abroad, the payment of external financial debts abroad, the payment
of dividends in foreign currency abroad, payments of imports of goods and services, and the obligation to repatriate and settle
for Pesos the proceeds from exports of goods and services, among others.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
further information on this topic, please refer to &ldquo;<I>Item D &ndash; Exchange Controls</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
Currency Lending Capacity</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Regulations on the allocation of deposits in foreign currencies, (including Communication &ldquo;A&rdquo; 6428 as amended), establish
that the lending capacity from foreign currency deposits, must be applied in the corresponding deposit currency to the following
categories:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">pre-financing
                                         and financing of exports to be made directly or through principals, trustees or other
                                         brokers, acting on behalf of the owner of the merchandise;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">other
                                         financing of exports which have a flow of future income in foreign currency and verify,
                                         in the year prior to granting the financing, a billing in foreign currency for an amount
                                         that is reasonably related to that financing;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         to producers, processors or goods collectors, provided that:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">they
                                         have sale contracts for the sale of their goods to an exporter, with a fixed price or
                                         fixed in foreign currency -independently of the currency in which the operation is settled-
                                         and in the case of fungible goods with quotation, in foreign currency, normal and customary
                                         in local or foreign markets, with wide diffusion and easy access to public knowledge;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">its
                                         main activity is the production, processing and / or collection of fungible goods with
                                         quotation, in foreign currency, normal and usual in foreign markets, widely disseminated
                                         and easy access to public knowledge, and it is found, in the year prior to the granting
                                         of financing, a total billing of these goods for an amount that is reasonably related
                                         to that activity and its financing; and also operations aimed to finance service providers
                                         directly used in exporting process of goods (such as those provided at port terminals,
                                         international loading and unloading services, leasing containers or port warehouses,
                                         international freights ). This, provided it is verified that the flow of future income
                                         linked to sales to exporters registers a periodicity and magnitude that it is enough
                                         for the cancellation of the financing and it is verified, in the year prior to the granting
                                         of the financing, a billing to exporters for an amount that is reasonably related to
                                         that activity and its financing.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 149; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->139<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         for manufacturers of goods to be exported, as final products or as part of other goods,
                                         by third-party purchasers, provided that such transactions are secured or collateralized
                                         in foreign currency by third-party purchasers;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         of suppliers of goods and/or services that are part of the production process of fungibles
                                         goods with quotation, in foreign currency, normal and usual in local or foreign markets,
                                         widely disseminated and easy access to public knowledge, provided they have firm sales
                                         contracts for those goods and/or services in foreign currency and/or on said goods;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(g)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         of investment projects, working capital and/or acquisition of all kinds of goods, including
                                         temporary imports of inputs, which increases or are linked to the production of exporting
                                         products. Even though the total income of the exporting companies does not come from
                                         their exports, the financing may be imputed when the cash flow in foreign currency from
                                         their exports, is enough for its cancelation;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(h)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financings
                                         to commercial portfolio clients and loans granted for consumption or housing purposes-according
                                         to the provisions established in the rules on &ldquo;Classification of debtors,&rdquo;
                                         whose destination is the importation of capital goods (&ldquo;BK&rdquo; in accordance
                                         with the Mercosur&rsquo;s Common Nomenclature established in Annex I to Decree No.&nbsp;690/02
                                         and other complementary provisions), which increase the production of merchandise destined
                                         for the domestic market;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">foreign
                                         currency debt securities or financial trust participation certificates including other
                                         payment rights specifically recognized on trust agreements whose underlying assets are
                                         loans made by the financial entities in the manners set forth in (a)&nbsp;to (d) above
                                         and first sentence of (f), or documents in which cash flows in Pesos or foreign currency
                                         have been assigned to the trustee, in foreign currency credit agreements, under the terms
                                         and conditions set forth in items mentioned before;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(j)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financings
                                         for purposes other than those mentioned in (a)&nbsp;to (d) above, included under the
                                         IDB credit program (&ldquo;Pr&eacute;stamos BID N&deg; 119/OC-AR&rdquo;), not exceeding
                                         10% of the lending capacity;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(k)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">inter-financing
                                         loans;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(l)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Central
                                         Bank bills (<I>Letras y Notas</I>) denominated in dollars;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(m)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">direct
                                         investments abroad by companies that reside in Argentina, that seek the development of
                                         productive activities of non-financial goods and/or services, either through contributions
                                         and/or purchases of shares in companies, to the extent that they are constituted in countries
                                         or territories considered cooperators for the purposes of fiscal transparency according
                                         to the provisions of article 1 of Decree No.&nbsp;589/13 as amended;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(n)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         of investment projects, including working capital, that allow the increase of production
                                         in the energy sector and have firm sales contracts and/or endorsements or guarantees
                                         in foreign currency.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 150; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->140<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(o)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">national
                                         treasury bills in foreign currency, up to an amount equivalent to one third of the total
                                         of the applications made in accordance with the provisions of this section;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(p)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         of investment projects for bovine cattle, including their working capital, without exceeding
                                         5% of deposits in foreign currency of the entity;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(q)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">financing
                                         of foreign importers for the acquisition of goods and / or services produced in the country,
                                         either directly or through credit lines to foreign banks; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(r)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financing
                                         of local residents that are secured by letters of credit (&ldquo;stand-by letters of
                                         credit&rdquo;) issued by foreign banks or multilateral development banks that comply
                                         with the provisions of point 3.1. of regulations on &ldquo;Credit assessments,&rdquo;
                                         requiring for that purpose an international rating of investment grade risk, to the extent
                                         that such letters of credit are unrestricted and that the accreditation of the funds
                                         is made immediately at the simple request of the beneficiary entity.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
lending capacity shall be determined for each foreign currency raised, resulting from the aggregate of deposits and inter-financial
loans received, which have been reported by the granting financial institution as coming from its foreign currency deposit lending
capacity net of the minimum cash requirement on deposits, and such determination being made on the basis of the monthly average
of daily balances recorded during each calendar month. Any defect in the application shall give rise to an increase in the minimum
cash requirement in the relevant foreign currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General
Exchange Position</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
general exchange position (&ldquo;GEP&rdquo;) includes all the liquid external assets of the institution, such as gold, currency
and foreign currency notes reserves, sight deposits in foreign banks, investments in securities issued by Organization for Economic
Co-operation and Development (OECD) members&rsquo; governments with a sovereign debt rating not below &ldquo;AA,&rdquo; certificates
of time deposits in foreign institutions (rated not less than &ldquo;AA&rdquo;), correspondents&rsquo; debit and credit balances
and third parties funds pending of settlement. It also includes purchases and sales of these assets already arranged and pending
settlement involving foreign exchange purchases and sales performed with customers within a term not exceeding two (2) business
days and correspondent balances for third-party transfers pending settlement. It does not include, however, foreign currency notes
held in custody, term sales and purchases of foreign currency or securities nor direct investments abroad.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 6244, as amended, which entered into force on July&nbsp;1, 2017, entities can freely determine
the level and use of their GEP, thus allowing such entities to manage their exchange positions, both regarding the composition
of their assets, as well as the possibility to maintain or transfer their holdings out of the country, with its subsequent impact
on the reserves.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furthermore,
the aforementioned regulation establishes that the entities shall carry out arbitrage and foreign exchange operations, to the
extent that the counterparty is a branch or agency of local official banks, a foreign financial institution, total or majority
ownership of an entity in foreign states, a foreign financial or exchange entity that is not incorporated in countries or territories
where the Recommendations of the Financial Action Task Force, or a foreign company dedicated to the trading of banknotes from
different countries and / or precious metals in coins or bars of good delivery and whose head office is located in a member country
of the Basel Committee for Banking Supervision.</FONT></P>



<!-- Field: Page; Sequence: 151; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->141<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further
changes to the GEP regulation have been introduced by Communications &ldquo;A&rdquo; 6770 and 6780. Prior approval by the Central
Bank is required to increase the ownership of foreign currency from the higher of the average foreign currency owned in August
2019 and at the closure of August 31, 2019. Moreover, the institutions are not permitted to buy securities on the secondary market
with liquidation on foreign currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
Currency Net Global Position</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
foreign currency net global position shall consider all assets, liabilities, commitments and other instruments and transactions
through financial intermediation in foreign currency or linked to exchamge rate movement, including cash forward transactions
and other derivative contracts, deposits in foreign currency in accounts opened with the Central Bank, gold, position, the Central
Bank monetary regulation instruments in foreign currency, subordinated debt in foreign currency and debt instruments in foreign
currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Forward
transactions under master agreements executed in authorized domestic markets paid by settlement of the net amount without delivery
of the underlying asset are also included. Likewise, certificates or notes issued by financial trusts and claims under common
trusts are also included in the relevant proportion, provided that the underlying assets are denominated in foreign currency.
The value of the position in currencies other than U.S. dollars shall be expressed in that currency, at the respective exchange
rate published by the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decreases
in foreign currency assets due to the pre-cancellation of local financing to private sector customers, can only offset the foreign
currency net global position up to the original term of maturity with the net increase in holdings of National Treasury securities
in foreign currency. At the original maturity of local financing in foreign currency, it may be offset with the purchase of any
foreign currency assets computable at the foreign currency net global position.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deductible
assets when determining a bank&rsquo;s RPC, Argentine government bonds linked to the growth of the GDP, the included concepts
that the financial entity registers in its branches abroad and the loan agreements in Pesos with variable remuneration based on
the variation in the price of the U.S. dollars that are not covered by the term investments with viariable remuneration based
on the U.S. dollar are excluded from the ratio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Limits</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Negative
Foreign Currency Net Global Position</I> (liabilities exceeding assets): the limit is 30% of the RPC of the immediately preceding
month (Communication &ldquo;A&rdquo; 6781).</FONT></P>



<!-- Field: Page; Sequence: 152; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->142<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Positive
Foreign Currency Net Global Position</FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(assets
exceeding liabilities): This daily position (daily balance converted to Pesos at the reference exchange rate of the immediately
preceding month) cannot exceed 5% of the RPC of the immediately preceding month.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Positive
Foreign Currency Net Global Position in Cash: this daily position (daily balance converted to Pesos at the reference exchange
rate of the immediately preceding month) cannot exceed the higher of U.S.$ 2,500,000 or the 4% of the RPC of the immediately preceding
month.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of June&nbsp;18, 2018 the Central Bank allows that the Positive Foreign Currency Net Global Position may reach up to 30% of the
RCP, while the total excess over the general limit originates only as a result of:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increase
                                         in the position in U.S. treasury bills in U.S. dollars with respect to those held as
                                         of June&nbsp;15, 2018;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">position
                                         in national treasury bills in U.S. dollars as of June&nbsp;15, 2018, maintained as excess
                                         admitted to the current limit as of that date; and/or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increase
                                         in the position in national treasury bills linked to U.S. dollars with respect to those
                                         held as of May 13, 2019.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
provided by Communication &ldquo;A&rdquo; 7093, it includes national treasury bills denominated in foreign currency that the institutions
receive in exchange for National Treasury Bills &ndash; under Law 27,556 &ndash; that they have imputed to this point on the Business
Day immediately preceding the day on which they are delivered in exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
excesses of these ratios are subject to a charge equal to 1.5 times the average nominal interest rate of the shorter term Peso-denominated
LELIQs auction published on the last business day of the relevant period or, if not available, the last one available for a shorter
term. Charges not paid when due are subject to a charge equal to one and a half times the charge established for excesses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to the above-mentioned charge, sanctions set forth in section 41 of the FIL shall apply (including caution, warning,
fine, temporary or permanent disqualification to dispose of a banking current account, temporary or permanent disqualification
to act as promoters, founders, directors, administrators, members of surveillance committees, comptrollers, liquidators, managers,
auditors, partner or shareholders, and license revocation).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fixed
Assets and Other Items</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank determines that the fixed assets and other items maintained by the financial entities must not exceed 100% of the
entity&rsquo;s RPC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Such
fixed assets and other items include the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares
                                         of local companies;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 153; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->143<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Miscellaneous
                                         receivables;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property
                                         and equipment; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
                                         assets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
calculation of such assets will be effected according to the month-end balances, net of devaluations, accumulated amortizations
and allowances for loan losses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-compliance
with the ratio produces an increase in the minimum capital requirements equal to 100% of the excess on the ratio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit
Ratings</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
November&nbsp;28, 2014, Communication &ldquo;A&rdquo; 5671, as amended by Communication &ldquo;A&rdquo; 6558, supersedes the provisions
issued by the Central Bank containing ratings requirements assigned by a local risk rating company. Where provisions require certain
international ratings, the criteria set forth by Communication &ldquo;A&rdquo; 5671 govern.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
provisions of Communication &ldquo;A&rdquo; 5671 are basic guidelines to properly assess the credit risk that financial institutions
must observe when implementing Central Bank rules including the requirement of a particular rating and do not replace the credit
assessment that each financial institution must make to their counterparts. International credit ratings that refer to these provisions
shall be issued by rating agencies that have a code of conduct based on the &ldquo;Principles of the Code of Conduct for Agents
Rate Risk&rdquo; issued by the International Organization of Securities Commissions (&ldquo;IOSCO&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Annex
II of Communication &ldquo;A&rdquo; 5671 provides a table regarding the new qualification requirements for financial institutions.
This table classifies the credit ratings requirements for different transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Debt
Classification and Loan Loss Provisions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit
Portfolio</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
regulations on debt classification are designed pursuant to Central Bank rules, which differ from IFRS to establish clear guidelines
for identifying and classifying the quality of assets, as well as evaluating the actual or potential risk of a lender sustaining
losses on principal or interest, in order to determine (taking into account any loan security) whether the provisions against
such contingencies are adequate. Banks must classify their loan portfolios into two different categories: (i)&nbsp;consumer or
housing loans and (ii)&nbsp;commercial loans. Consumer or housing loans include housing loans, consumer loans, credit-card financings,
loans of up to Ps.14,528,000 to micro-credit institutions and commercial loans of up to Ps.72,640,000 with or without preferred
guarantees. All other loans are considered commercial loans. Consumer or housing loans in excess of Ps.72,640,000, the repayment
of which is linked to the evolution of its productive or commercial activity, are classified as commercial loans.</FONT></P>



<!-- Field: Page; Sequence: 154; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->144<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the entity&rsquo;s option, financing of a commercial nature of up to Ps.72,640,000, whether or not such financing has preferred
guarantees, may be grouped together with credits for consumption or housing, in such case they will receive the treatment provided
for the latter. If a customer has both kinds of loans (commercial and consumer or housing loans), the consumer or housing loans
will be added to the commercial portfolio to determine under which portfolio they should be classified based on the amount indicated.
In these cases, the loans secured by preferred guarantees shall be considered to be at 50% of its face value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the current debt classification system, each customer, as well as the customer&rsquo;s outstanding debts, are included within
one of six sub-categories. The debt classification criteria applied to the consumer loan portfolio are primarily based on objective
factors related to customers&rsquo; performance of their obligations or their legal standing, while the key criterion for classifying
the commercial loan portfolio is each borrower&rsquo;s paying ability based on their future cash flow.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commercial
Loans Classification</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
principal criterion used to evaluate a loan pertaining to the commercial portfolio is its borrower&rsquo;s ability to repay, whose
ability is mainly measured by such borrower&rsquo;s future cash flow. Pursuant to Central Bank rules, commercial loans are classified
as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Classification</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 74%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Criteria</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Performing </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Borrowers that demonstrate their ability to comply with their payment obligations. High repayment capacity.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Subject to special Monitoring/Under observation </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrowers that, among other criteria, are up to 90 days past due and, although considered to be able to meet all their financial obligations, are sensitive to changes that could compromise their ability to honor debts absent timely corrective measures.<SUP>(1)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Subject to special Monitoring/Under negotiation or refinancing agreement </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Borrowers who are unable to comply with their obligations as agreed with the bank and, therefore, formally state, within 60 calendar days after the maturity date, their intention to refinance such debts. The borrower must enter into a refinancing agreement with the bank within 90 calendar days (if up to two lenders are involved) or 180 calendar days (if more than two lenders are involved) after the payment default date. If no agreement has been reached within the established deadline, the borrower must be reclassified to the next category according to the indicators established for each level.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">With Special Treatment </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Borrowers who are unable to comply with their obligations as agreed with the bank performed their first new agreement in the year and payed at least the first payment.</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 155; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->145<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">Classification</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">Criteria</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 25%; text-align: left; vertical-align: top">Troubled </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 74%">Borrowers with difficulties honoring their financial obligations under the loan on a regular basis, which, if uncorrected, may result in losses to the bank.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">With high risk of insolvency </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Borrowers who are highly unlikely to honor their financial obligations under the loan.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Irrecoverable </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Loans classified as irrecoverable at the time they are reviewed (although the possibility might exist that such loans might be collected in the future). The borrower will not meet its financial obligations with the financial institution.</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1).
In March and April 2020, the Central Bank regulatory easing on debtor classifications amid the pandemic added a 60-days grace
period (totaling 150 days) before loans are classified as non-performing. In March 25, 2021, through Communication A7245, the
Central Bank established a gradual transition in the definition of debtors for clients who chose to postpone the payment of installments,
maturing since April 1, 2021. Financial entities and other obligated parties must increase the grace period to classify their
debtors in levels 1, 2 and 3, both for the commercial portfolio and for the consumer or housing portfolio, according to the following
schedule: i) Until March 31, 2021, in 60 days, ii) Until May 31, 2021, in 30 days, and iii) As of June 1, 21, financial entities
must classify their debtors according to the general debtor classification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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



<!-- Field: Page; Sequence: 156; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->146<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Consumer
and Housing Loans Classification</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
principal criterion used in the assessment of loans in the consumer and housing portfolio is the duration of the default on such
loans. Under the Central Bank rules, consumer and housing borrowers are classified as follows:</FONT></P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Classification</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 74%; font: bold 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Criteria</B><SUP>(2)</SUP>&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Performing </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">If all payments on loans are current or less than 31 calendar days overdue and, in the case of checking account overdrafts, less than 61 calendar days overdue.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Low Risk </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Loans upon which payment obligations are overdue for a period of more than 31 and up to 90 calendar days.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">With Special Treatment </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Borrowers who are unable to comply with their obligations as agreed with the bank performed their first new agreement in the year and payed at least the first payment.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Medium Risk </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Loans upon which payment obligations are overdue for a period of more than 90 and up to 180 calendar days.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">High Risk </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Loans in respect of which a legal action seeking collection has been filed or loans having payment obligations overdue for more than 180 calendar days, but less than 365 calendar days.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Irrecoverable </TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Loans in which payment obligations are more than one year overdue or the debtor is insolvent or in bankruptcy or liquidation.</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2).
In March and April 2020, the Central Bank regulatory easing on debtor classifications amid the pandemic added a 60-days grace
period before loans are classified as non-performing and as a result each risk classification criteria added 60 days before a
debtor is considered in each of these categories. In March 25, 2021, through Communication A7245, the Central Bank established
a gradual transition in the definition of debtors for clients who chose to postpone the payment of installments maturing since
April 1, 2021. Financial entities and other obligated parties must increase the grace period to classify their debtors in levels
1, 2 and 3, both for the commercial portfolio and for the consumer or housing portfolio, according to the following schedule:
i) Until March 31, 2021, in 60 days, ii) Until May 31, 2021, in 30 days, and iii) As of June 1, 21, financial entities must classify
their debtors according to the general debtor classification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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



<!-- Field: Page; Sequence: 157; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->147<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Allowances
for Loan Losses</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Group recognises the allowance for loan losses under the expected credit losses method included in IFRS 9. The most significant
judgements of the model relate to defining what is considered to be a significant increase in credit risk, determining the life
of revolving facilities, and in making assumptions and estimates to incorporate relevant information about past events, current
conditions and forecasts of economic conditions. A high degree of uncertainty is involved in making estimations using assumptions
that are highly subjective and very sensitive to the risk factors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
Note 1.11 of our audited consolidated financial statements, provides more detail of how the expected credit loss allowance is
measured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Priority
Rights of Depositors</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
Section&nbsp;49 of the FIL, in the event of judicial liquidation or bankruptcy of a bank all depositors, irrespective of the type,
amount or currency of their deposits, will be senior to the other remaining creditors (such as shareholders of the bank), with
exceptions made for certain labor liens (section 53 paragraphs &ldquo;a&rdquo; and &ldquo;b&rdquo;) and for those creditors backed
by a pledge or mortgage, in the following order of priority: (a)&nbsp;deposits of up to Ps.50,000 per person (including all amounts
such person deposited in one financial entity), or its equivalent in foreign currency, (b)&nbsp;all deposits of an amount higher
than Ps.50,000, or its equivalent in foreign currency, and (c)&nbsp;the liabilities originated in commercial lines granted to
the financial institution and which directly affect international commerce. Furthermore, pursuant to section 53 of the FIL, as
amended, Central Bank claims have absolute priority over other claims, except for pledged or mortgaged claims, certain labor claims,
the depositors&rsquo; claims pursuant to section 49, paragraph e), points i) and ii), debt granted under section 17, paragraphs
(b), (c) and (f)&nbsp;of the Central Bank&rsquo;s Charter (including discounts granted by financial entities due to a temporary
lack of liquidity, advances to financial entities with security interest, assignment of rights, pledges or special assignment
of certain assets) and debt granted by the Banking Liquidity Fund backed by a pledge or mortgage.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amendment to section 35 bis of the FIL Law by Law No.&nbsp;25,780 sets forth that if a bank is in a situation where the Central
Bank may revoke its authorization to operate and become subject to dissolution or liquidation by judicial resolution, the Central
Bank&rsquo;s Board of Directors may take certain actions. Among these actions, in the case of excluding the transfer of assets
and liabilities to financial trusts or other financial entities, the Central Bank may totally or partially exclude the liabilities
mentioned in section 49, paragraph e), as well as debt defined in section 53, giving effect to the order of priority among creditors.
Regarding the partial exclusion, the order of priority of point e) section 49 must be followed without giving a different treatment
to liabilities of the same grade.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mandatory
deposit insurance system</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Law
No.&nbsp;24,485 passed on April&nbsp;12, 1995, as amended, created a Deposit Insurance System, or &ldquo;SSGD,&rdquo; which is
mandatory for bank deposits, and delegated the responsibility for organizing and implementing the system to the Central Bank.
The SSGD is a supplemental protection to the privilege granted to depositors by means of Section&nbsp;49 of the FIL, as mentioned
above.</FONT></P>



<!-- Field: Page; Sequence: 158; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->148<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
SSGD has been implemented through the establishment of a Deposit Guarantee Fund, or &ldquo;FGD,&rdquo; managed by a private-sector
corporation called <I>Seguro de Dep&oacute;sitos Sociedad An&oacute;nima</I>, (Deposit Insurance Corporation, or &ldquo;SEDESA&rdquo;).
According to Decree No.&nbsp;1292/96, the shareholders of SEDESA are the government through the Central Bank and a trust set up
by the participating financial institutions. These institutions must pay into the FGD a monthly contribution determined by Central
Bank rules. The SSGD is financed through regular and additional contributions made by financial institutions, as provided for
in Central Bank Communication &ldquo;A&rdquo; 4271, dated December&nbsp;30, 2004.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
SSGD covers deposits made by Argentine individuals and legal entities in Pesos or foreign currency and maintained in accounts
with the participating financial institutions, including checking accounts, savings accounts, and time deposits up to the amount
of Ps.1,500,000, as set forth by Central Bank Communication &ldquo;A&rdquo; 6973 of the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
payment on this guaranty will be made within thirty (30) business days after revocation of the license of the financial institution
in which the funds are held; such payments are subject to the exercise of the depositor&rsquo;s priority rights described above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
view of the circumstances affecting the financial system, Decree No.&nbsp;214/2002 provided that SEDESA may issue registered securities
for the purpose of offering them to depositors in payment of the guarantee in the event it should not have sufficient funds available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
SSGD does not cover: (i)&nbsp;deposits maintained by financial institutions in other financial institutions, including certificates
of deposit bought in the secondary market, (ii)&nbsp;deposits made by persons directly or indirectly affiliated with the institution,
(iii)&nbsp;time deposits of securities, acceptances or guarantees, (iv)&nbsp;any transferable time deposits that have been transferred
by endorsement, (v)&nbsp;any deposits in which the agreed-upon interest rate is higher than the reference interest rates periodically
released by the Central Bank for time deposits, with the exception of those arranged in Pesos at the minimum nominal rate, and
they shall also be excluded if these interest rate ceilings are distorted by additional incentives or rewards, and (vi)&nbsp;immobilized
balances from deposits and excluded transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 5943, every financial institution is required to contribute to the FGD a monthly amount of 0.015%
of the monthly average of daily balances of deposits in local and foreign currency, as determined by the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
fixed term deposits in U.S. dollars of the private non-financial sector are used to purchase Central Bank bills denominated in
U.S. dollars, financial institutions must contribute 0.015% of the monthly average of daily balances of the net position of such
bills. Prompt contribution of such amounts is a condition precedent to the continuing operation of the financial institution.
The first contribution was made on May&nbsp;24, 1995. The Central Bank may require financial institutions to advance the payment
of up to the equivalent of two years of monthly contributions and debit the past due contributions from funds of the financial
institutions deposited with the Central Bank. The Central Bank may require additional contributions by certain institutions, depending
on its evaluation of the financial condition of those institutions.</FONT></P>



<!-- Field: Page; Sequence: 159; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->149<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
the contributions to the FGD reach the greater of Ps.2&nbsp;billion or 5.0% of the total deposits of the system, the Central Bank
may suspend or reduce the monthly contributions, and reinstate them when the contributions subsequently fall below that level.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Government
Measures in Response to the Ongoing COVID-19 Pandemic</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Argentine government
and the Central Bank issued a series of preventive measures to contain the spread of COVID-19 and mitigate its economic impact. In this
regard, on March&nbsp;19, 2020, the Executive Branch declared a nationwide lockdown from March&nbsp;20, 2020 through March&nbsp;31, 2020,
which was extended several times until November 6, 2020, when the country shifted towards a &ldquo;social distancing&rdquo; phase, instead
of a strict lockdown.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
this context, the Central Bank issued a series of Communications within the framework of Decree No. 297/2020, as amended, of the
Government of Argentina, by which it determined that: (i)&nbsp;financial institutions shall open to the public only with prior
appointment and provide its services remotely; (ii) financial institutions shall restrain the use of enclosed areas to a maximum
of 50% of their capacity; (iii) financial institutions shall adopt all necessary measures to secure the sufficient supply of cash
in ATMs and the continuity of operations related to cash withdrawals at out-of-bank withdrawal points; and (iv) money exchange
houses shall only open for the purchase of foreign currency, the sale of currency of bordering countries and certain arbitrages.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
a different note, by means of Communication &ldquo;A&rdquo; 7181, as amended, the Central Bank suspended until June 30, 2021,
the distribution of dividends by financial entities. For more information, please see &ldquo;<I>Argentine Banking Regulations&mdash;
Requirements applicable to dividend distribution</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
Communication &ldquo;A&rdquo; 6945, as amended, the Central Bank determined that until March 31, 2021, any operation effected
through ATMs will not be subject to any charges or fees.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
by means of Communication &ldquo;A&rdquo; 6993, dated April&nbsp;24, 2020, the Central Bank established a zero interest-rate financings
policy, applicable only to the eligible clients to be determined in the future by the AFIP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
virtue of Communication &ldquo;A&rdquo; 7025, as amended, the Central Bank determined that the unpaid balances of credit card
financings due between April&nbsp;13 and April&nbsp;30, 2020, shall be automatically refinanced in nine equal consecutive monthly
installments beginning after a 3-month grace period. Interest rates on such unpaid balances may not exceed an annual nominal rate
of 43% when the amount financed by such concept is lower than Ps.200,000. Additionally, the unpaid balances of credit card financings
due between September 1 and September 30, 2020, shall be automatically refinanced in nine equal consecutive monthly installments
beginning after a 3-month grace period. Interest rates on such unpaid balances may not exceed an annual nominal rate of 40%. For
more information, see &ldquo;<I>Argentine Banking Regulations&mdash; Credit Card Interest Rate.</I>&rdquo;Furthermore, by means
of Communication &ldquo;A&rdquo; 7181 the Central Bank extended until March 31, 2021, the following provisions: (i) unpaid installments
corresponding to maturities of credit assistance not covered by the Law of Credit Cards granted by financial institutions and
operating as from April 1, 2020, may only accrue compensatory interest a the contractually stipulated rate; and (ii) the increase
of up to 60 days the period of non-payment before a loan is required to be classified as non-performing for levels 1, 2 and 3
pursuant to Central Bank rules on debtor classification and the suspension of the mandatory reclassification of debtors provided
in sections 6.6 and 7.3 of such rules. Moreover, it establishes that financial institutions shall provide the means so that in
all ATMs operated by them in the country, individuals and legal entities may withdraw, per day and in a single withdrawal, up
to Ps.15,000, without any distinction between customers and non-customers, regardless of the type of demand account on which the
corresponding transaction is made and of the financial institution and/or ATM network to which it belongs.</FONT></P>



<!-- Field: Page; Sequence: 160; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->150<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
on March 25, 2020, the Executive Branch issued Decree No. 312/2020, as amended and supplemented from time to time, by means of
which both the obligation to close and inhibit checking accounts, as well the imposition of penalties, were suspended until December
31, 2020. Furthermore, Decree No. 319/2020, as amended and supplemented from time to time, established the freezing of mortgage
payments if the mortagaged property is the only and permanent residence of the debtor, until January 31, 2021. The Decree also
resolved the freezing of mortgage and UVA pledge loans (<I>cr&eacute;ditos prendarios</I>) and the suspension of mortgage foreclosures
until January 31, 2021. For more information, please see &ldquo;Item 3.D&mdash;Risk Factors&mdash;Risks related to the Argentine
financial system&mdash;Our asset quality and that of other financial institutions may deteriorate if the Argentine private sector
does not fully recover.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
measures</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Classification
of Debtors</I>: On March 19, 2020, the Central Bank issued Communication &ldquo;A&rdquo; 6938, as amended from time to time, by
which new rules regarding the criteria for debtor classification and provisioning are to be adopted until March 31, 2021. These
rules provide an additional 60 days period of non-payment before a loan is required to be classified as non-performing, and include
all financings to commercial portfolio clients and loans granted for consumption or housing purposes. In March 25, 2021, through
Communication A7245, the Central Bank established a gradual transition in the definition of debtors for clients who chose to postpone
the payment of installments, a benefit was not renewed from the due date at the end March 31, 2021. Financial entities and other
obligated parties must increase the grace period to classify their debtors in levels 1, 2 and 3, both for the commercial portfolio
and for the consumer or housing portfolio, according to the following schedule: i) Until March 31, 2021, in 60 days, ii) Until
May 31, 2021, in 30 days, and iii) As of June 1, 21, financial entities must classify their debtors according to the general debtor
classification.</FONT></P>



<!-- Field: Page; Sequence: 161; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->151<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><I>Facilities
and Government Guarantees to Finance Payment of Salaries</I>: Decree 326/2020 created a fund of specific application within the FOGAR
(acronym in Spanish for <I>Fondo de Garant&iacute;as Argentino</I>), with the aim of backing financings provided to SMEs by financial
entities in order to pay salaries. Simultaneously, the Central Bank set limitations on banks&rsquo; holdings of notes from the Central
Bank (LELIQ), in order to make liquidity available and encourage the provision of credit lines to SMEs.On March&nbsp;26, 2020, the Central
Bank also issued Communication &ldquo;A&rdquo; 6946, by means of which the facilities granted at a preferential rate (not more than 24%
per year) within the framework of Communication &ldquo;A&rdquo; 6937 (as amended by Communications &ldquo;A&rdquo; 6943, &ldquo;A&rdquo;
7006 and &ldquo;A&rdquo; 7157) to SMEs and households may be deducted from reserve requirements, considering 130% of its amount when
its proceeds are for the payment of salaries and the granting entity is the agent of payment of those salaries. These assistances will
be provisioned in the financial statements until their cancellation based on the classification of the small and medium-sized company
at the time of granting. The amounts of: a) the reduction of the provisions by application of this measure; b) the reduction of the provisions
due to the suspension of the application of the expected credit losses criterion for Group B entities; and c) the increase in the RPC
due to the positive difference between the provisions according to IFRS and according to the regulatory framework of the Central Bank
for Group A entities, must be subtracted from the calculation to determine the distributable profit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Remote
shareholders and board of directors meetings</I>: By means of CNV&rsquo;s General Resolution No.&nbsp;830/2020, dated March&nbsp;3,
2020, publicly offered entities are allowed to hold remote shareholders and board of directors meetings, via electronic means,
even if their respective bylaws do not provide for this, respecting the minimum requirements to ensure the integrity of the vote
of each participant and the presence of all shareholders and members, respectively. At the first face-to-face meeting after the
lockdown period, the shareholders&rsquo; meeting shall, with the quorum and the majority for the reform of the bylaws, approve
any meetings that have been held remotely.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Time
deposits minimum rate. </I>Communication &ldquo;A&rdquo; 6980 established that non-adjustable term deposits under ARS 1 million
made up by individuals as from April 20, 2020, will entail a minimum rate of 70% of the LELIQ average auction, Communication &ldquo;A&rdquo;
7018 extended the scope of such measures over all term deposits regardless of their minimum amount, Later, Communication &ldquo;A&rdquo;7027
increased the minimum rate equivalent to 79% LELIQ average auction, And, as from August 1, 2020, an additional increase from such
79% to an 87% was set for term deposits of individuals exceeding the Ps. 1 million. Since November 13, 2020 Central Bank stated
an additional increase on the minimum interest rate to be paid to retail Time Deposits below Ps. 1 million, to 37%, and 34% for
the rest of time deposits. For more information, see &ldquo;<I>Liquidity and Solvency Requirements - Minimum Cash Reserve Requirements
- LELIQ global daily position</I>&rdquo;</FONT></P>



<!-- Field: Page; Sequence: 162; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->152<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Securities-guaranteed
transactions prohibition</I>. By means of Communication &ldquo;A&rdquo; 6978, the Central Bank forbid financial institutions to
guarantee transactions via securities (<I>cauci&oacute;n burs&aacute;til</I>).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Deposit
Insurance System</I>. Pursuant to Communication &ldquo;A&rdquo; 6973, the Central Bank raised the amount covered by the Deposit
Insurance System to Ps.1,500,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Credit
line for productive investment of MiPyMEs</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant to Communication &ldquo;A&rdquo; 7140, the Central Bank approved the rules for
a &ldquo;Credit line for productive investment of MiPyMEs&rdquo; (<I>l&iacute;neas para el financiamiento productivo</I>) destined to
the acquisition of capital goods, and/or the construction of facilities necessary for the production of goods and/or services, and the
commercialization of goods and/or services, with a maximum annual nominal rate from 30% to 35%. For these credit line, financial institutions
are required to maintain a regulatory quota equal to 7.5% of their non-financial private sector deposits (measured in terms of the monthly
average of daily balances as of September 2020) until March 31, 2021.On January 6, 2021, through Communication &ldquo;A&rdquo; 7197,
the central bank ruled that the 65% amount of credit lines granted to finance working capital needs from SMEs disbursed since October
16, 2020 may be applied to achieve the abovementioned 30% of total origination of the 30% interest rate credit line. On February 25,
2021, through Communication &ldquo;A&rdquo; 7227, the central bank increased from 65% to 100% the amount of credit lines granted to fund
working capital needs from SMEs disbursed since October 16, 2020 that can be applied to achieve the required origination of the 30% interest
rate credit line. In addition, through Communication &ldquo;A&rdquo; 7240, the Central Bank ruled that the balance of credit lines to
SMEs shall be equivalent to (i) a minimum quota of 7.5% of the average balance of deposits from private sector as of September 2020,
for the 2020 quota, and (ii) a minimum quota of 7.5% of the average balance of deposits from private sector as of March 1, 2021. The
2020 quota was in force between October 16, 2020 and March 31, 2021, whereas the 2021 quota will be in force from April 1, 2021 until
September 30, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Solidary
and Extraordinary Contribution.</I> By means of Decree 42/2021 the Government of Argentina regulated the Solidary and Extraordinary
Contribution Law, which establishes a one-time extraordinary and mandatory contribution for resident individuals and undivided
estates, at the country or abroad, whose total value of assets exceed the amounts specified in the Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
restrictions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the FIL, financial institutions cannot create any kind of rights over their assets without the Central Bank&rsquo;s authorization.
Furthermore, in accordance with section 72 of Capital Markets Law, publicly offered companies are forbidden to enter into transactions
with their directors, officers or affiliates in terms more favorable than arms-length transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital
Markets</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commercial
banks are authorized to subscribe for and sell shares and debt securities. At present, there are no statutory limitations as to
the amount of securities for which a bank may undertake to subscribe. However, under Central Bank rules, underwriting of debt
securities by a bank would be treated as &ldquo;financial assistance&rdquo; and, accordingly, until the securities are sold to
third parties, such underwriting would be subject to limitations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine Capital Markets Law introduced substantial changes to regulations governing markets, stock exchanges and the various
agents operating in capital markets, in addition to certain amendments to the CNV&rsquo;s powers. On September&nbsp;9, 2013, the
CNV published the CNV Rules supplementing the Capital Markets Law. The CNV Rules have been in force since September&nbsp;18, 2013.</FONT></P>



<!-- Field: Page; Sequence: 163; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->153<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">One
of the most significant modifications introduced by the Argentine Capital Markets Law and the CNV Rules is that agents and markets
must comply with the CNV&rsquo;s requirements for applying for an authorization to operate, as well as registration requirements.
It further provides that each category of agent must meet minimum net worth and liquidity requirements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
under the Capital Markets Law, the self-regulation of markets was eliminated, and authorization, supervision, control, as well
as disciplinary and regulatory powers, are conferred to the CNV regarding all capital market players.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine Productive Financing Law modified the Argentine Capital Markets Law and other related laws, and introduced some important
changes such as, among others:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reestablished
                                         certain markets self-regulation (which had been eliminated by the Argentine Capital Markets
                                         Law);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">eliminated
                                         the powers granted to the CNV allowing it to appoint observers and intervene a company&rsquo;s
                                         board of directors without first obtaining a court order;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">introduced
                                         several changes in the internal organization of the CNV and in the appointment of its
                                         board, such as allowing the president of the CNV to have a decisive vote in case of tie
                                         in the decision making of the board and adopt urgent resolutions together with two directors
                                         in case of exceptional circumstances prevent the assemblies from taking place;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">empowered
                                         the CNV to regulate the private placement of negotiable securities so that these do not
                                         qualify as &ldquo;public offers&rdquo;;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
                                         long as a mandatory offer is not required in cases where the buyer acquires control or
                                         more than 50% of voting rights shares of a company listed, either directly or indirectly;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">modified
                                         some antiquated provisions related to the mutual fund system (such as the solidarity
                                         between the asset management company and the custodian, and the double registration of
                                         guidelines for investment in the CNV and in the Public Registry of Commerce);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">created
                                         a &ldquo;legal microsystem&rdquo; for capital markets where certain provisions of the
                                         Civil and Commercial Code or Argentine Contest and Bankruptcy Law were not applicable;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">promoted
                                         the financing of MiPyMes through the regulation of the issuance of electronic invoices
                                         with powers to easily execute them against the debtor and subject to negotiation or discount
                                         in the capital markets;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">promoted
                                         mortgage financing by improving the regulation of mortgage bills and the securitization
                                         of mortgages;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 164; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->154<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">empowered
                                         the CNV to rule crowfunding for entrepreneurs and the promotion of &ldquo;financial inclusion&rdquo;
                                         through programs and development plans; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">allowed
                                         legal entities incorporated abroad to participate, through a representative duly authorized,
                                         at the shareholders&rsquo; meetings of the companies authorized by the CNV to make public
                                         offerings of their shares, without the need for additional registration.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>TM20</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beginning
October&nbsp;5, 2017, the Central Bank has begun to publish on a daily basis a survey of the average interest rates paid by Banks
for their fixed-term deposits of over Ps.20&nbsp;million, for terms of between 30 and 35 days (the &ldquo;TM20&rdquo;), in order
to reflect the behavior of wholesale depositors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
TM20 denominated in U.S. dollars will also be published for deposits for the same term that are for U.S. dollars 20&nbsp;million
or more.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information published by the Central Bank is broken down by public vs. private banks, both for operations in Pesos and foreign
currencies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buenos
Aires Deposits of Large Amount Rate (&ldquo;BADLAR)&rdquo;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">Interest
rate paid for time deposits of more than Ps. 1 million, by the average of financial entities. (Buenos Aires Deposits of Large
Amount Rate)</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">The
information published by the Central Bank is broken down by total financial system and private banks.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
interest rate on time deposit rates</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">Pursuant
to Communication &ldquo;A&rdquo; 5853 (as amended by Communication &ldquo;A&rdquo; 5891, among others) the provisions that established
minimum interest rates applicable to the term deposits ceased to have effect in respect of any new transactions conducted as from
and including such date. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Central
Bank Repo Transactions- Interest Rate</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">In
the passive Repo transactions, the bank that carries it out receives financing from the Central Bank. Sell &#8203;&#8203;a security
for cash and then buy back that security. Interest rate paid by the Central Bank depends on the type of deposit, the currency,
the term, the amount, among others.</FONT></P>



<!-- Field: Page; Sequence: 165; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->155<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
Institutions with Economic Difficulties</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
FIL provides that any financial institution, including a commercial bank, (i) with its solvency impaired, in the judgment of the
Central Bank; (ii) recording deficiencies on the minimum cash reserve requirement during the periods established by the Central
Bank; (iii) recording repeated failures to comply with the various limits or technical relations established; or (iv) that could
not maintain the minimum asset liability required for its particular class, location or characteristics, must (upon request from
the Central Bank and in order to avoid the revocation of its license) prepare a restructuring plan (<I>plan de regularizaci&oacute;n
y saneamiento</I>). The plan must be submitted to the Central Bank on a specified date, no later than thirty (30) calendar days
from the date on which a request to that effect is made by the Central Bank. If the institution fails to submit, secure regulatory
approval of, or comply with, a restructuring plan, the Central Bank will be empowered to revoke the institution&rsquo;s license
to operate as such, without prejudice to the application of the penalties provided for in the aforementioned law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank may appoint overseers with veto power, require the provision of guarantees and limit or forbid the distribution or
remittance of profits, temporarily admit exceptions to the relevant limits and technical relations, exempt or defer the payment
of charges and/or fines as provided by the Financial Institutions Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank&rsquo;s charter authorizes the Superintendency to fully or partially suspend, exclusively subject to the approval
of the President of the Central Bank, the operations of a financial institution for a term of thirty (30) days if the liquidity
or solvency thereof is adversely affected. Such term could be renewed for up to ninety (90) additional days, with the approval
of the Central Bank&rsquo;s Board of Directors. During such suspension term an automatic stay of claims, enforcement actions and
precautionary measures is triggered, any commitment increasing the financial institution&rsquo;s obligations shall be null and
void, and debt acceleration and interest accrual shall be suspended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Institution
restructuring to safeguard credit and bank deposits</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
a financial institution meets the Central Bank&rsquo;s criteria and is found to be in any of the situations set forth in Section
44 of the FIL, the Central Bank may authorize the restructuring of the financial institution in defense of depositors, prior to
revocation of the authorization to operate. The restructuring plan may consist of certain steps, including, among others:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adoption
                                         of a list of measures to capitalize or increase the capital of the financial institution;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">revoke
                                         the approval granted to the shareholders of the financial institution to hold interests
                                         therein;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">exclusion
                                         or transfer assets and liabilities;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">judicial
                                         intervention of the institution, displacing the statutory administrative authorities,
                                         and determine the capabilities needed to comply with the assigned function.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revocation
of the License to Operate as a Financial Institution</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank may revoke the license to operate as a financial institution (a) at the request of the legal or statutory authorities
of the institution; (b) in the cases contemplated by the Argentine Civil and Commerce Code or in the laws governing its existence
as a legal entity; (c) when, to the judgment of the Central Bank, the affections to the solvency and/or liquidity of the institution
cannot be solved through a regularization and sanitation program; (d) in the rest of the cases provided by the FIL.</FONT></P>



<!-- Field: Page; Sequence: 166; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->156<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Liquidation
of Financial Institutions</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
provided in the FIL, the Central Bank must notify the revocation decision to a competent court, which will then determine who
will liquidate the entity: the corporate authorities (extrajudicial liquidation) or an independent liquidator appointed by the
court for that purpose (judicial liquidation). The court&rsquo;s decision will be based on whether there are sufficient assurances
that the corporate authorities are capable of carrying out such liquidation properly, prior authorization of the Central Bank
and in the cases provided by subsections a) and b) of section 44 of the FIL.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bankruptcy
of Financial Institutions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">According
to the FIL, financial institutions are not allowed to file their own bankruptcy petitions. In addition, the bankruptcy shall not
be adjudged until the license to operate as a financial institution has been revoked.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once
the license to operate as a financial institution has been revoked, a court of competent jurisdiction may adjudge the former financial
institution in bankruptcy, or a petition in bankruptcy may be filed by the Central Bank or by any creditor of the bank, in this
case after a period of sixty (60) calendar days has elapsed since the license was revoked.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once
the bankruptcy has been adjudged, provisions of the Bankruptcy Law No. 24,522 (the &ldquo;Bankruptcy Law&rdquo;) and the FIL shall
be applicable; provided however that in certain cases, specific provisions of the FIL shall supersede the provisions of the Argentine
Bankruptcy Law (i.e. priority rights of depositors).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Merger
and Transfer of Goodwill</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Merger
and transfer of goodwill may be arranged between entities of the same or different type and will be subject to the prior approval
of the Central Bank. The new entity or the buyer must submit a financial-economic structure profile supporting the project in
order to obtain authorization from the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
System Restructuring Unit</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Financial System Restructuring Unit was created to oversee the implementation of a strategic approach towards those that benefit
from assistance provided by the Central Bank. This unit is in charge of rescheduling maturities, determining restructuring strategies
and action plans, approving transformation plans, and accelerating repayment of the facilities granted by the Central Bank.</FONT></P>



<!-- Field: Page; Sequence: 167; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->157<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holding
Companies</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June 28, 2019, the Central Bank ruled, through Communication &ldquo;A&rdquo; 6723, with effect from January 1, 2020, that Group
 &ldquo;A&rdquo; financial institutions (in accordance with the &ldquo;Financial Institutions Authorities&rdquo; rules) which are
controlled by non-financial institutions (as in our case in relation with the Bank) shall comply with the Minimum Capital requirements
(please see &ldquo;Argentine Banking Regulation&mdash;Liquidity and Solvency Requirements&mdash;Minimum Capital Requirements&rdquo;),
the Major Exposure to Credit Risk regulations (please see &ldquo;Argentine Banking Regulation&mdash;Credit Risk Regulation&mdash;Large
Exposures&rdquo;), the Liquidity Coverage Ratio (please see &ldquo;Argentine Banking Regulation&mdash;Internal Liquidity Policies
of Financial Institutions&mdash;Liquidity Coverage Ratio) and the Net Stable Funding Ratio (please see &ldquo;Argentine Banking
Regulation&mdash;Liquidity Parameters&mdash;Net Stable Funding Ratio&rdquo;) on a consolidated basis comprising the non-financial
holding and all its subsidiaries (excluding insurance companies and non-financial subsidiaries).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
Group &ldquo;A&rdquo; financial institutions may not grant direct or indirect financial assistance of any kind to its holding
company whenever it is a non-financial institution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fintech
regulations</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank has recently issued Communications &ldquo;A&rdquo; 6885 (as amended and restated by Communication &ldquo;A&rdquo;
7175), by means of which it began to regulate certain aspects of Fintech operations. Through these communications, it defined
Payment Service Provider (&ldquo;PSP&rdquo;) as those non-financial entities in retail payments, performing under the global framework
of the payment system, such as offering payment accounts to order and/or receive payments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 30, 2020, the Central Bank issued Communication &ldquo;A&rdquo; 6885, by means of which it consolidated the rules for
the operation of PSPs and established a specific registry for them. Particularly, Communication &ldquo;A&rdquo; 6885 forbids entities
to operate as PSP if (i) they are not properly incorporated in Argentina; (ii) they are incorporated as a stock exchange, clearing
chamber or agent under the CNV Rules; or (iii) if its capital, right votes, administrative or inspection body are integrated by
people disqualified for performing financial activities in Argentina by the FIL, condemned by crimes against property, the public
administration, the economic and financial order or public faith, privacy violations, illicit association or by section 1.b of
the Foreign Exchange Criminal Regime. Shareholdings acquired on stock exchanges that do not reach the threshold of 20% of the
capital or voting rights are exempt from the provisions of point (iii).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regarding
the registry, Communication &ldquo;A&rdquo; 6885 commands that all PSPs that offer payment account must register with the &ldquo;Registry
of Payment Service Providers that Offer Payment Accounts.&rdquo; Additionally, all PSPs shall comply with a reporting regime to
be further regulated by the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regarding
the management of the funds, the regulation provided that all funds credited to payment accounts offered by PSPs shall be (i)
available at all times, for an amount at least equivalent to the one credited in the payment account; (ii) deposited in Pesos,
in on-sight accounts in Argentine financial entities; and (iii) on an independent on-sight account from the one used for trading
for own account (e.g.: creditor or salary payments).</FONT></P>



<!-- Field: Page; Sequence: 168; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->158<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
breach of the rules as set on the abovementioned communication is submitted to the sanctions of the FIL.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Gender
Parity Requirements</I></B></FONT></P>

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

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
September 3, 2020, by means of Communication &ldquo;A&rdquo; 7100, the Central Bank amended the rules on &ldquo;Guidelines for
Corporate in Financial Institutions&rdquo; (<I>Lineamientos para el gobiernos societario en entidades financieras</I>) to include
a requirement of gender parity.</FONT></P>

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

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
virtue of such Communication, the Central Bank suggested to financial institutions to consider the progressive incorporation of
women on new appointments and/or renewals, until gender parity is achieved. In this regard, the Central Bank defined gender parity
as the guideline that aims at equalizing the participation of men and women in labor decision-making spaces, ensuring the right
to equal opportunities and non-discrimination on the bases of gender.</FONT></P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anti-Money
Laundering and Terrorism Financing Regime</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
concept of money laundering is generally used to denote transactions aimed at introducing funds from illicit activities into the
institutional system and thus transform gains from illegal activities into assets of a seemingly legitimate source.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terrorist
financing is the act of providing funds for terrorist activities. This may involve funds raised from legitimate sources, such
as personal donations and profits from businesses and charitable organizations, as well as from criminal sources, such as drug
trade, weapons and other goods smuggling, fraud, kidnapping and extortion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
April 13, 2000, the National Congress passed Law No. 25,246, (subsequently amended and complemented, the &ldquo;AML/ CFT Law&rdquo;),
which created at the national level the Anti- Money Laundering and Terrorism Financing Regime (&ldquo;AML/CFT Regime&rdquo;),
criminalizing money laundering, creating and designating the UIF as the enforcement authority of the regime, and establishing
the legal obligation for various public and private sector entities and professionals to provide information and cooperate with
the UIF.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
UIF is a decentralized agency that operates with autonomy and financial independency under the Ministry of Economy, and its mission
is to prevent and deter the crimes of money laundering and terrorist financing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following are certain provisions relating to the AML/CFT Regime established by the AML/ CFT Law and its amending and complementary
provisions, including regulations issued by the UIF and the CNV and the Central Bank. It is recommended that investors consult
their own legal advisors and read the AML/ CFT Law and its complementary regulations.</FONT></P>



<!-- Field: Page; Sequence: 169; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->159<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Money
laundering and terrorist financing in the Argentine Criminal Code</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(a)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Money
                                         laundering</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
303 of the Argentine Criminal Code (the &ldquo;ACC&rdquo;) defines money laundering as a crime committed whenever a person converts,
transfers, manages, sells, encumbers, conceals or in any other way puts into circulation in the market, property derived from
an unlawful act, with the possible consequence that the origin of the original property or the subordinate property acquires the
appearance of a lawful origin, either in a single act or by the repetition of various acts linked to each other. Section 303 of
the ACC establishes the following penalties:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
                                         the amount of the operation exceeds Ps.300,000, imprisonment for a term of three (3)
                                         to ten (10) years and fines of two to ten times the amount of the operation shall be
                                         imposed. This penalty will be increased by one third of the maximum and half of the minimum,
                                         when:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         person performs the act on an habitual basis or as a member of an illicit association
                                         constituted for the continuous commission of acts of this nature;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         person is a public official who committed the act in the exercise or on the occasion
                                         of his/her functions. In this case, he/she shall also be subject to a penalty of special
                                         disqualification of three to ten years. The same penalty shall be imposed to anyone who
                                         has acted in the exercise of a profession or occupation requiring special qualification.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anyone
                                         who receives money or other property from a criminal offense for the purpose of applying
                                         them in an operation as described above, which gives them the possible appearance of
                                         a lawful origin, shall be punished with imprisonment for a term of six (6) months to
                                         three (3) years.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
                                         the value of the goods does not exceed Ps. 300,000, the penalty shall be imprisonment
                                         for a term of six months to three years.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(b)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Penalties
                                         for legal persons</U></I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furthermore,
Section 304 of the ACC provides that when the criminal acts have been committed in the name of, or with the intervention of, or
for the benefit of a legal person, the following sanctions shall be imposed to the entity jointly or alternatively:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">fine
                                         of two (2) to ten (10) times the value of the property subject to the offense;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">total
                                         or partial suspension of activities, which in no case shall exceed ten (10) years;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">debarment
                                         for public tenders or bidding processes or any other State-related activities, which
                                         in no case shall exceed ten (10) years;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">dissolution
                                         and liquidation of the legal person when it was created for the sole purpose of committing
                                         the offense, or such acts constitute the main activity of the entity;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">loss
                                         or suspension of any State benefit that it may have;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 170; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->160<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">publication
                                         of an extract of the condemnatory sentence at the expense of the legal entity.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to calibrate these sanctions, the Court will take into account the failure to comply with internal rules and procedures,
the omission of vigilance over the activity of the authors and participants; the extent of the damage caused, the amount of money
involved in the commission of the offense, the size, nature and economic capacity of the legal entity. In the cases in which it
is essential to maintain the operational continuity of the entity, or of a public work, or particular service, the sanctions of
suspension of activities or dissolution and liquidation of the legal person shall not be applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(c)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Terrorism
                                         financing</U></I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
306 of the ACC criminalizes the financing of terrorism. This offense is committed by any person who directly or indirectly collects
or provides property or money, with the intention of it being used, or in the knowledge that it will be used, in full or in part:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
                                         finance the commission of acts which have the aim of terrorising the population or compelling
                                         national public authorities or foreign governments or agents of an international organisation
                                         to perform or refrain from performing an act (according to section 41.5 of the ACC);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         an organisation committing or attempting to commit crimes for the purpose set out in
                                         (i);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         an individual who commits, attempts to commit or participates in any way in the commission
                                         of offenses for the purpose set out in (i).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
penalty is imprisonment for a term of five (5) to fifteen (15) years and a fine of two (2) to ten (10) times the amount of the
operation. Likewise, the same penalties shall apply to legal persons as described for the crime of money laundering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reporting
Subjects obliged to inform and collaborate with the UIF</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
AML/CFT Law, in line with international AML/CFT standards, not only designates the UIF as the agency in charge of preventing money
laundering and terrorism financing, but also establishes certain obligations to various public and private sector entities and
individuals, which are designated as Reporting Subjects (&ldquo;<I>Sujetos obligados&rdquo;)</I>, which are legally bound to inform
and collaborate with the UIF.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with the AML/ CFT Law and the regulations complementing it, the following persons, among others, are Reporting Subjects
before the UIF:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">banks,
                                         financial entities and insurance companies;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">exchange
                                         agencies and natural and legal persons authorized by the Central Bank to intervene in
                                         the purchase and sale of foreign currency with funds in cash or checks issued in foreign
                                         currency or through the use of debit or credit cards or in the transfer of funds within
                                         or outside the national territory;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 171; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->161<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">settlement
                                         and clearing agents, trading agents; natural and/or legal persons registered with the
                                         CNV acting in the placement of investment funds or other collective investment products
                                         authorized by such agency; crowdfunding companies, global investment advisors and the
                                         legal persons acting as financial trustees whose trust securities are authorized for
                                         public offering by the CNV, and the agents registered by the above mentioned controlling
                                         agency that intervene in the placement of negotiable securities issued within the framework
                                         of the above mentioned financial trusts;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">government
                                         organizations such as the Central Bank, the Federal Public Revenue Administration (&ldquo;AFIP,&rdquo;
                                         as per its acronym in Spanish), the Superintendence of Insurance of the Nation (&ldquo;SSN,&rdquo;
                                         as per its acronym in Spanish), the CNV and the IGJ; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">professionals
                                         in the area of economic sciences and notaries public.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Reporting Subjects have the following duties:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">obtaining
                                         from clients&rsquo; documents that indisputably prove their identity, legal status, domicile
                                         and other information, concerning their operations needed to accomplish the intended
                                         activity (know your customer policy);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">conduct
                                         due diligence procedure on their clients and report any suspicious operation or fact
                                         (which, in accordance with the usual practices of the area involved, as well as the experience
                                         and competence of the Reporting Subjects, are operations that are attempted or completed
                                         which were previously identified as unusual operations by the regulated entity, as well
                                         as any operation without economic or legal justification or of unusual or unjustified
                                         complexity, whether performed in isolated or repeated manner, regardless of the amount);
                                         and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">refraining
                                         from disclosing to the client or third parties the actions being conducted in compliance
                                         with the AML/ CFT Law. Within the framework of suspicious operation report analysis,
                                         Reporting Subjects shall not object disclosure to UIF of any information required from
                                         them alleging that such information is subject to banking, stock market or professional
                                         secrecy or confidentiality agreements of a legal or contractual nature.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Annex I of Resolution No. 154/2018 of the UIF (which establishes the supervision and inspection mechanism of the UIF), both
the Central Bank and the CNV are considered &ldquo;Specific Control Agencies&rdquo;<I>(&ldquo;&Oacute;rganos de Contralor Espec&iacute;fico&rdquo;).
</I>In such capacity, they must collaborate with the UIF in the evaluation of compliance with AML/CFT procedures by the Reporting
Subjects subject to their control. For these purposes, they are entitled to supervise, monitor and inspect these entities. Denial
or obstruction of inspections by the Reporting Subjects may result in administrative penalties by the UIF and criminal penalties.</FONT></P>



<!-- Field: Page; Sequence: 172; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->162<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank and the CNV must also comply with the AML/CFT regulations established by the UIF, including the reporting of suspicious
transactions. In turn, Reporting Subjects regulated by these agencies are subject to UIF Resolutions No. 30/2017 and 21/2018,
respectively. Such regulations provide guidelines that such entities shall adopt and apply to manage, in accordance with their
policies, procedures and controls, the risk of being used by third parties for criminal purposes of money laundering and financing
of terrorism.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Essentially,
the aforementioned regulations (the consolidated texts of which were subsequently approved by UIF Resolution No. 156/18), change
the formal regulatory compliance approach to a risk-based approach (&ldquo;RBA&rdquo;), based on the revised recommendations issued
by the Financial Action Task Force (the &ldquo;FATF&rdquo;) in 2012, in order to ensure that the implemented measures are proportional
to the identified risks. Therefore, the Reporting Subjects shall identify and evaluate their risks and, based on this, adopt measures
for the management and mitigation of such risks, in order to more effectively prevent money laundering and terrorist financing.
Likewise, the provisions of UIF Resolution No. 4/17 established the possibility of conducting special due diligence procedures
with respect to clients supervised abroad (formerly called &ldquo;international investors&rdquo;) and local clients who are Reporting
Subjects to the UIF.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asset
Freezing Regime</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decree
No. 918/2012 establishes the procedures for the freezing of assets linked to terrorism financing, and the creation and maintenance
procedures (including the inclusion and removal of suspected persons) for registries created in accordance with the relevant United
Nations Security Council&rsquo;s resolutions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
UIF Resolution No. 29/2013, regulates the implementation of Decree No. 918/2012 and establishes: (i) the procedure to report suspicious
transactions of terrorism financing and the persons obligated to do so, and (ii) the administrative freezing of assets procedure
on natural or legal persons or entities designated by the United Nations Security Council pursuant to Resolution 1267 (1999) and
subsequent, or linked to criminal actions under Section 306 of the Argentine Criminal Code, both prior to the report issued pursuant
to UIF Resolutions No. 121 and 229, and as mandated by the UIF after receiving such report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to help the Reporting Subjects to fulfill these duties, Executive Decree No. 489/2019 created the Public Registry of Persons
and Entities linked to acts of Terrorism and its Financing (RePET, for its acronym in Spanish), which is an official database
that includes the consolidated list of the United Nations Security Council.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Politically
Exposed Persons</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Resolution
No. 134/2018 of the UIF (amended by Resolutions No. 15/2019 and 128/2019), establishes the rules that Reporting Parties must follow
regarding clients that are Politically Exposed Persons (PEPs).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
the aforementioned RBA, Resolution 134/2018 establishes that Reporting Parties must determine the level of risk at the time of
beginning or continuing the contractual relationship with a PEP, and must take due diligence measures, adequate and proportional
to the associated risk and the operation or operations involved.</FONT></P>



<!-- Field: Page; Sequence: 173; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->163<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the UIF has issued the Guide for the management of risks of money laundering and financing of terrorism in relation
to customers (and ultimate beneficiaries) that are PEPs, which sets up guidelines for Reporting Parties in order to comply with
the Resolution No. 134/2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CNV
Regulations</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The CNV Rules stipulate,
among other provisions, that the reporting subjects under its control shall only perform the operations provided for under the public
offering system when these operations are performed or ordered by persons constituted, domiciled or resident in countries, domains, jurisdictions,
territories or associated states not considered to be non-cooperative or high risk by the FATF.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Similarly,
they establish the payment modalities and control procedures for the reception and delivery of funds from and to clients.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Central
Bank Rules</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 6399 of the Central Bank, as amended and supplemented, including without limitation, by Communication
 &ldquo;A&rdquo; 6709, Reporting Subjects must keep - for a period of 10 years - written records of the procedure applied in each
case for the discontinuation of a client&rsquo;s operations. Among these records, they shall keep a copy of any notification sent
to the customer requesting further information and/or documentation, the corresponding notices of receipt and the documents identifying
the officials who took part in the decision, in accordance with the respective procedural manuals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax
Amnesty System</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
voluntary system of declaration under the Argentine Tax Amnesty Law No. 27,260 and its Regulatory Decree No. 895/16 (jointly the
 &ldquo;Tax Amnesty System&rdquo;) established that the information voluntarily submitted under such system may be used for the
investigation and punishment of the crimes of money laundering and financing of terrorism. For such purpose, the UIF has the power
to communicate information to other public intelligence or investigation agencies, based on a previous resolution of the UIF&rsquo;s
President and provided that there are serious, precise and concordant indications of the commission of money laundering and/or
terrorism financing crimes. Furthermore, the AFIP remains obliged to report to the UIF suspicious operations detected within the
framework of the Tax Amnesty System and to provide it with all information required by it, not being able to oppose fiscal secrecy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Corporate
Criminal Liability Law </I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Corporate Criminal Liability Law No.&nbsp;27,401 sets forth a criminal liability regime applicable to legal entities involved
in certain corruption offenses directly or indirectly committed in their name, on their behalf or in their interest and from which
a benefit may arise. The individual offenders may be employees or third parties &mdash; even unauthorized third parties, provided
that the company ratified the act, even tacitly.</FONT></P>


<!-- Field: Page; Sequence: 174; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->164<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->





<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0%; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item&nbsp;4.C</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Organizational
                                         structure</B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following diagram illustrates our organizational structure as of the date of this annual report. Percentages indicate the ownership
interest held.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<IMG SRC="tm214268d1_20-fimg010.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following information is related to our subsidiaries and investees as of the date of this annual report:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: Black 1pt solid; width: 43%"><B>Subsidiary</B></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 20%"><B>Jurisdiction of <BR>
incorporation</B></TD>
<TD STYLE="width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 35%"><B>Name under which the subsidiary does <BR>
business</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Banco Supervielle S.A.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cordial Compa&ntilde;&iacute;a Financiera S.A. (renamed as IUD&Uacute; Compa&ntilde;ia Financiera S.A. with registration pending)&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Walmart Servicios Financieros Servicios Financieros Pesos Ya, IUD&Uacute;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Tarjeta Autom&aacute;tica S.A.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Carta Autom&aacute;tica&nbsp;&nbsp;Pesos Ya</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle Seguros S.A.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle Seguros</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n S.A.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle Asset Management</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Espacio Cordial de Servicios S.A.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cordial</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sofital S.A.F. e I.I.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Micro Lending S.A.U.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">MILA</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">InvertirOnline S.A.U.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">InvertirOnline</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">InvertirOnline.com Argentina S.A.U.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">InvertirOnline</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle Productores Asesores de Seguros&nbsp;S.A.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Futuros del Sur S.A. (in the process of being renamed Supervielle Agent de Negociacion S.A.U.)&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Bolsillo Digital S.A.U.&#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Easy Casa de Cambio S.A, &#9;</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Argentina</FONT></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">N/A</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>&nbsp;</P>

<!-- Field: Page; Sequence: 175; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->165<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 4.D</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Property,
plants and equipment</B></FONT></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank owns 7,854 square meters of office space at Reconquista 330 and at San Martin 344 in Buenos Aires and Mendoza, for management,
administrative and other commercial purposes and for central area personnel. The Bank also owns 15,046 square meters for retail
branch properties in Mendoza, C&oacute;rdoba, San Luis and Buenos Aires 631 square meters of land in the City of San Luis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supervielle
Seguros owns 1,954 square meters of office space located at Reconquista 330 in Buenos Aires.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
rest of our administrative buildings and offices (including our headquarters), branches, sales and collection centers and storage
properties are leased pursuant to arm&rsquo;s length agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We sublease from the Bank
the offices where our headquarters are located at Bartolom&eacute; Mitre 434, City of Buenos Aires.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Selected
Statistical Information</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
should read this information in conjunction with our audited consolidated financial statements and related notes, and the information
under &ldquo;<I>Item 5.A Operating Results</I>&rdquo; included elsewhere in this annual report. We prepared this information from
our financial statements, which are prepared in conformity with IFRS. For further information, see Notes&nbsp;1.1 and 2 to our
audited consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average
Balance Sheets, Interest earned on Interest-earning Assets and Interest Paid on Interest-bearing Liabilities</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
average balances of our interest-earning assets and interest-bearing liabilities, including the related interest that is receivable
and payable, are calculated on a daily basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average
balances have been separated between those denominated in Pesos and those denominated in U.S. dollars. The nominal interest rate
is the amount of interest earned or paid during the period divided by the related average balance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following tables show average balances, interest amounts and nominal rates for our interest-earning assets and interest-bearing
liabilities for the years ended December 31, 2020, 2019 and 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="34" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Year
    ended December 31,</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2020</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Interest
    Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average
    Nominal Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Interest
    Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average
    Nominal Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Interest
    Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average
    Nominal Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="34" STYLE="font-style: italic; text-align: center"><FONT STYLE="font-size: 8pt">(in thousands of Pesos)</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">ASSETS</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Interest-Earning
    Assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Investment
    Portfolio</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 19%; font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Government
    and Corporate Securities </FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,065,519</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,519,284</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">46.3</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15,420,527</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,690,992</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17.5</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,298,975</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,646,651</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">32.6</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">13,003,292</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,347,276</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9,671,162</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,087,735</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9,581,398</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,312,125</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">24.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,062,227</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,172,008</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">110.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,749,365</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(1,396,743</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">-24.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,717,577</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,334,526</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">43.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Securities
    Issued by the Central Bank </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">47,584,764</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,864,302</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.5</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41,141,175</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25,478,678</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">61.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31,310,188</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">12,934,405</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">47,584,764</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,864,302</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41,141,175</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25,478,678</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">61.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31,310,188</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">12,934,405</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 176; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->166<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

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

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






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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="34" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Year
    ended December 31,</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2020</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    Nominal Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    Nominal Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    Nominal Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 19%; font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Investment Portfolio </FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">61,650,283</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">24,383,587</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39.6</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">56,561,702</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">28,169,670</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">49.8</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">48,609,163</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">18,581,056</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38.2</FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">60,588,056</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">23,211,578</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">50,812,337</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">29,566,413</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">58.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40,891,586</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15,246,530</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,062,227</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,172,009</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">110.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,749,365</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">-1,396,743</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">-24.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,717,577</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,334,526</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">43.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Loans</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Loans
    to the Financial Sector </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">210,337</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">55,079</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">26.2</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">756,381</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">258,444</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">34.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,908,745</FONT></TD><TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">517,405</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">27.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">169,972</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">52,551</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">30.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">663,560</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">249,330</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,906,925</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">517,402</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">27.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40,365</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,528</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">92,821</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9,114</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,820</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Overdrafts </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,633,775</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,678,469</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40.4</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9,537,781</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,217,172</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">65.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,336,208</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,807,778</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">47.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,633,427</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,678,469</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9,536,568</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,217,172</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">65.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,335,383</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,807,778</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">47.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">348</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,213</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">825</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Promissory
    notes </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,838,492</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,226,382</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.0</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">12,720,435</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8,002,945</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">62.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">23,025,238</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8,539,123</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,558,215</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,200,225</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">11,412,336</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,892,654</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">69.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">21,174,772</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8,445,396</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">280,277</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">26,157</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">9.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,308,099</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">110,291</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,850,466</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">93,727</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Mortgage
    loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10,646,858</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,994,607</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.5</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">11,186,422</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,148,348</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">46.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10,088,261</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,123,314</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10,646,858</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,994,607</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">11,186,422</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,148,348</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">46.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10,088,261</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,123,314</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Automobile
    and Other Secured Loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,591,768</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">738,403</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">46.4</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,513,711</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">943,454</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,113,190</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,030,844</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,591,768</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">738,403</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">46.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,513,711</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">943,454</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,113,190</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,030,844</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Personal
    Loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">21,244,137</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,173,544</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">66.7</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31,223,272</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,584,460</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">56.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">53,574,163</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">22,887,135</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.7</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">21,244,137</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,173,544</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">66.7</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31,223,272</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,584,460</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">56.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">53,574,163</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">22,887,135</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.7</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Corporate
    Unsecured Loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,479,098</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,981,812</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">34.2</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,778,530</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8,360,682</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">56.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">18,789,319</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,322,241</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">33.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,479,098</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5,981,812</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">34.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">14,778,530</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8,360,682</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">56.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">18,789,319</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,322,241</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">33.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Credit
    Card Loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,077,757</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,818,628</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">23.8</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,664,402</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,555,201</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">23,149,022</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,147,139</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">30.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15,851,660</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,818,598</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">24.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15,976,411</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,554,938</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">22,400,293</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,147,027</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">226,097</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">30</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">687,991</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">263</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">748,729</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">112</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Receivables
    from Financial Leases </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,686,050</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">704,408</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">19.1</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,043,733</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt"><B>1,537,851</B></FONT></TD><TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8,578,770</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt"><B>1,929,148</B></FONT></TD><TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">22.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,570,351</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">530,528</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">33.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">3,383,514</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,328,411</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,366,391</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,745,122</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">27.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,115,699</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">173,880</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,660,219</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">209,440</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,212,379</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">184,026</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">8.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Loans excl. Foreign trade and U.S.$.loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">92,408,272</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38,371,333</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">41.5</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">105,424,667</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">54,608,557</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">51.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">157,562,916</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">59,304,127</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">37.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">89,745,486</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38,168,738</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">100,674,324</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">54,279,449</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">53.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">152,748,697</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">59,026,259</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,662,786</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">202,595</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,750,343</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">329,108</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,814,219</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">277,868</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Foreign
    Trade Loans and U.S.$.loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">20,168,862</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,453,129</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7.2</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">34,697,331</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,356,094</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">45,057,190</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,448,435</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">20,168,862</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,453,129</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">34,697,331</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,356,094</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">45,057,190</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,448,435</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Loans </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">112,577,134</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39,824,462</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">35.4</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">140,121,996</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">56,964,650</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40.7</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">202,620,106</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">61,752,562</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">30.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">89,745,486</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38,168,738</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">42.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">100,674,324</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">54,279,450</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">53.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">152,748,698</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">59,026,259</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">22,831,648</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,655,724</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39,447,672</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,685,200</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">49,871,408</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,726,303</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">5.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="font-size: 8pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Repo transactions
    </FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,983,342</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,345,360</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25.6</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,336,898</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">812,483</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">60.8</FONT></TD><TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">343,295</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">106,665</FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31.1</FONT></TD><TD STYLE="font-size: 8pt; font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,983,342</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4,345,360</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">25.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,336,898</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">812,483</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">60.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">343,295</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">106,665</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">29.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Interest-Earning Assets </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">191,210,759</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">68,553,409</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">35.9</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt"><B>198,020,596</B></FONT></TD><TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">85,946,803</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">43.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">251,572,564</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">80,440,283</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">32.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">167,316,884</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">65,725,677</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">39.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">152,823,559</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">84,658,346</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">55.4</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">193,983,579</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">74,372,729</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">38.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">23,893,875</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,827,732</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">11.8</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">45,197,037</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,288,457</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">57,588,985</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6,067,555</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Non
    Interest-Earning Assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Cash
    and due from banks </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">40,910,473</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">54,570,757</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">57,845,323</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">21,105,609</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">26,072,400</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">31,455,373</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">19,804,864</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">28,498,357</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">26,389,950</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Unlisted
    equity investments </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">54</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">54</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Premises
    and equipment and miscellaneous and intangible assets and unallocated items </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,025,586</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10,944,181</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,864,232</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,025,586</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">10,944,181</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">7,864,232</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt"><B>Allowance
    for loan losses </B></FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt"><B>(8,608,629</B></FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt"><B>)</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="font-style: normal"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt"><B>(8,646,608</B></FONT></TD><TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt"><B>)</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="font-style: normal"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt"><B>(11,231,884</B></FONT></TD><TD STYLE="font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt"><B>)</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(7,304,691</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(7,409,734</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(10,631,700</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(1,303,938</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(1,236,874</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">(600,184</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Other
    assets </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">16,818,132</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,737,722</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">19,567,229</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15,327,665</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15,537,411</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">17,365,406</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1,490,467</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,200,311</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2,201,823</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 177; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->167<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="34" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Year
    ended December 31,</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2020</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
<BR>
Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
Nominal <BR>
Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
<BR>
Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
Nominal <BR>
Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
<BR>
Earned</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
Nominal <BR>
Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in; width: 19%"><FONT STYLE="font-size: 8pt">Total
    Non Interest-Earning Assets </FONT></TD><TD STYLE="font-weight: bold; font-style: normal; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">65,145,562</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">74,606,106</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">74,044,900</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">45,154,169</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">45,144,258</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">46,053,310</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">19,991,393</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">29,461,848</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">27,991,590</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Assets </FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">256,356,321</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">272,626,702</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">325,617,464</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">212,471,053</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">197,967,817</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">240,036,889</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">43,885,268</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">74,658,885</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">85,580,575</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="34" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Year
    ended December 31,</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2020</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest<BR>
Paid</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
    Nominal <BR>
    Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
<BR>
Paid</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
    Nominal <BR>
    Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
    Balance</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interest
<BR>
Paid</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Average
    <BR>
    Nominal <BR>
    Rate</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="34" STYLE="font-style: italic; text-align: center"><FONT STYLE="font-size: 8pt">(in thousands of Pesos)</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">LIABILITIES</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Interest-Bearing
    Liabilities</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 19%; font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Special
    Checking Accounts </FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">40,167,184</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6,325,123</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15.7</FONT></TD><TD STYLE="width: 1%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">34,264,473</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">8,182,612</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">23.9</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">46,333,913</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">10,655,607</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">23.0</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">31,600,583</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,301,439</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">19.9</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,274,728</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,132,562</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">40.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">35,382,052</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,612,368</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">30.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,566,601</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">23,684</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.3</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,989,745</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">50,050</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,951,861</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">43,239</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Time
    Deposits </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">71,509,506</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">19,574,998</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">27.4</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">63,863,152</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">27,030,920</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">42.3</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58,737,757</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">13,602,673</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">23.2</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">66,111,639</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19,496,600</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">29.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">55,979,526</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">26,926,870</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">48.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">49,386,677</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,487,119</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">27.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,397,867</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">78,398</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">1.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,883,626</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">104,050</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,351,080</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">115,554</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Borrowings
    from Other Financial Institutions and Unsub Negotiable Obligations </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">15,418,939</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,386,793</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">15.5</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">29,484,398</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">10,845,924</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">36.8</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">50,509,247</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">11,482,209</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">22.7</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,698,909</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,946,980</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">34.2</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18,602,268</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,268,598</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">55.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">36,698,752</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,946,102</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,720,030</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">439,813</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">4.5</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,882,130</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">577,326</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,810,495</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">536,107</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.9</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Subordinated
    Loans and Negotiable Obligations </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,127,211</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">142,010</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.7</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">3,000,495</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">186,086</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6.2</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,854,918</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">181,802</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6.4</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,127,211</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">142,010</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">6.7</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,000,495</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">186,086</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,854,918</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">181,802</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Interest-Bearing Liabilities </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">129,222,840</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">28,428,924</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">22.0</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">130,612,518</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">46,245,542</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">35.4</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">158,435,835</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">35,922,291</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">22.7</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">103,411,131</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">27,745,019</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">26.8</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">94,856,522</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">45,328,030</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">47.8</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">121,467,481</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">35,045,589</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">28.9</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">25,811,709</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">683,905</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">2.6</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">35,755,996</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">917,512</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2.6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">36,968,354</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">876,702</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Low
    and Non-Interest Bearing Deposits </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">106,950,133</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">110,738,381</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">140,552,268</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Savings
    Accounts </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">39,485,774</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">41,579</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.1</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">43,817,323</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">88,960</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">0.2</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">53,812,473</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">86,501</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">0.2</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">27,852,328</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">38,450</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.1</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">22,705,198</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">82,889</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,910,562</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">80,166</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,633,446</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,129</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21,112,125</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,071</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">23,901,911</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,335</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Checking
    Accounts </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">27,297,175</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">32,656,585</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">40,405,883</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">25,448,014</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,570,858</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">23,569,617</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,849,161</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,085,727</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,836,266</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Other
    Liabilities </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">25,792,498</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">33,431,814</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">33,313,021</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">22,563,103</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">26,990,818</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,969,221</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,229,395</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,440,996</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,343,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Non-Controlling
    Interest Result </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">157,192</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">316,768</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">586,673</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">157,192</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">316,768</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">586,673</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Stockholders&rsquo;
    equity </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">34,400,841</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">31,791,694</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">39,063,579</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">34,400,841</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">31,791,694</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39,063,579</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Low and Non-Interest Bearing Deposits </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">127,133,480</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">142,014,184</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">167,181,629</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">110,421,478</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">102,375,336</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">123,099,652</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,712,002</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39,638,848</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">44,081,977</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Total
    Liabilities and Stockholders&rsquo; equity </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">256,356,320</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">272,626,702</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">325,617,464</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Pesos </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">213,832,609</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">197,231,858</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">244,567,133</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Dollars </FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">42,523,711</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">75,394,844</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">81,050,331</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 178; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->168<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Changes
in Interest Income and Interest Expense; Volume and Rate Analysis</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following tables allocate, by currency of denomination, changes in our interest income and interest expense. The changes are segregated
for each major category of interest-earning assets and interest-bearing liabilities into amounts attributable to changes in the
average volume and changes in their respective nominal interest rates for the year ended December&nbsp;31, 2020 compared to the
year ended December&nbsp;31, 2019, and for the year ended December 31, 2019 compared to the year ended December 31, 2018. We have
calculated volume variances based on movements in average balances over the period and rate variance based on changes in interest
rates on average interest-earning assets and average interest-bearing liabilities. We have allocated variances caused by changes
in both volume and rate to volume. As stated above under &ldquo;<I>Presentation of Financial and Other Information</I>,&rdquo;
we have prepared our audited consolidated financial statements for 2020, 2019 and 2018 under IFRS.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Increase (Decrease) Due to Changes in</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="font-style: italic; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.05in; padding-left: 0.05in">ASSETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Interest-Earning Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Investment Portfolio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 34%; font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Government and
    Corporate Securities</B></TD><TD STYLE="width: 1%; font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><B>(3,801,298</B></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="width: 1%; font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><B>7,629,591</B></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%; font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><B>3,828,293</B></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%; font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><B>516,096</B></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; text-align: right"><B>(3,471,756</B></TD><TD STYLE="width: 1%; text-align: left"><B>)</B></TD><TD STYLE="width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="width: 1%; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 8%; text-align: right"><B>(2,955,660</B></TD><TD STYLE="width: 1%; text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,370,254</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(110,714</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,259,541</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,941</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,737,670</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,775,611</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,171,553</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,740,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,568,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">478,155</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,209,425</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,731,271</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Securities Issued by the Central
    Bank</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>2,419,056</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(10,033,432</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(7,614,376</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>6,088,318</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>6,455,955</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>12,544,272</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,419,056</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,033,432</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,614,376</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,088,318</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,455,955</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,544,272</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Total Investment Portfolio</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(1,382,242</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(2,403,841</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(3,786,083</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>6,604,414</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>2,984,199</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>9,588,613</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,789,311</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,144,146</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,354,835</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,126,259</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,193,624</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,319,883</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,171,553</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,740,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,568,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">478,155</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,209,425</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,731,271</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.05in; padding-left: 0.05in">Loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Loans to the Financial Sector</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(155,889</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(47,476</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(203,365</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(458,256</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>199,294</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(258,961</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(152,603</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(44,176</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(196,780</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(467,190</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">199,118</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(268,072</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,285</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,300</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,585</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,935</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">176</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,111</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.05in; padding-left: 0.05in"><B>Overdrafts</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(1,172,241</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(2,366,462</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(3,538,702</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(3,128,490</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>2,537,884</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(590,606</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,172,241</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,366,462</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,538,702</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,128,490</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,537,884</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(590,606</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Promissory Notes</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>1,243,882</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(3,020,444</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(1,776,562</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(6,797,329</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>6,261,151</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(536,178</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,339,804</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,032,233</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,692,429</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,751,601</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,198,859</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(552,741</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(95,922</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,789</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(84,133</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(45,729</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62,292</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,563</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Mortgage loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(202,439</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(951,302</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(1,153,742</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>505,408</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>519,625</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>1,025,034</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(202,439</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(951,302</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,153,742</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">505,408</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">519,625</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,025,034</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Automobile and Other Secured
    Loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(427,679</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>222,628</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(205,051</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(600,322</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>512,931</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(87,390</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(427,679</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">222,628</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(205,051</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(600,322</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">512,931</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(87,390</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Personal Loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(6,657,824</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>3,246,908</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(3,410,916</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(12,587,673</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>7,284,999</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(5,302,674</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,657,824</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,246,908</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,410,916</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,587,673</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,284,999</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,302,674</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Corporate Unsecured Loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>924,206</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(3,303,076</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(2,378,870</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,269,030</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>4,307,471</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>2,038,441</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">924,206</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,303,076</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,378,870</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,269,030</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,307,471</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,038,441</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Credit Card Loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(30,113</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(2,706,459</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(2,736,572</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,635,668</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>2,043,730</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(591,938</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(30,052</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,706,287</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,736,340</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,635,645</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,043,556</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(592,089</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(61</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(171</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(233</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(23</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">174</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">151</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Receivables from Financial
    Leases</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(657,311</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(176,132</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(833,443</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(1,135,857</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>744,560</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(391,297</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(612,560</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(185,323</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(797,883</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,171,116</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">754,404</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(416,711</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(44,752</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,192</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35,560</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,259</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,844</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,415</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Total Loans excl. Foreign trade
    and U.S.$.loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(7,135,408</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(9,101,816</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(16,237,223</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(29,107,217</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>24,411,647</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(4,695,570</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,991,387</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,119,325</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16,110,712</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29,105,658</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,358,848</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,746,810</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(144,020</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,509</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(126,511</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,559</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,798</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,239</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Foreign Trade Loans and U.S.$.loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(1,046,749</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>143,785</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(902,965</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(703,478</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>611,136</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(92,341</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,046,749</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,785</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(902,965</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(703,478</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">611,136</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(92,341</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Total Loans</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(8,182,157</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(8,958,031</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(17,140,188</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(29,810,695</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>25,022,783</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(4,787,912</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,991,387</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,119,325</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16,110,712</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29,105,658</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,358,848</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,746,810</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 179; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->169<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Increase (Decrease) Due to Changes in</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 34%; font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(1,190,770</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">161,294</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(1,029,476</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(705,037</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">663,934</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(41,102</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Repo transactions </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,003,302</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(470,424</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,532,878</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">603,850</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">108,694</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">712,543</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,003,302</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(470,424</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,532,878</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">603,850</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,694</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">712,543</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Total Interest-Earning Assets</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(4,178,855</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(9,428,455</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(13,607,310</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(29,206,845</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>25,131,477</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(4,075,368</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,988,086</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,589,749</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,577,834</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28,501,808</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,467,542</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,034,266</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,190,770</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">161,294</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,029,476</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(705,037</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">663,934</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(41,102</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.05in; padding-left: 0.05in">LIABILITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Interest-Bearing Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Time Deposits </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,243,484</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4,100,972</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(1,857,489</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6,048,955</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,575,960</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,472,995</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,258,477</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,089,600</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,831,123</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,059,823</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,580,017</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,479,806</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14,993</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,372</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,365</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,868</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,057</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,811</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Borrowings from Other Financial Institutions and Unsub Negotiable Obligations </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,951,900</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(10,407,822</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(7,455,922</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,151,877</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,276,370</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,428,247</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,988,003</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,418,272</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,430,270</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,171,245</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,268,506</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,439,751</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(36,103</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(25,653</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,368</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,864</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,504</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Subordinated Loans and Negotiable Obligations </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4,460,896</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(3,998,235</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(8,459,130</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(10,144,757</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,508,472</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(636,286</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,408,313</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,913,306</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,321,619</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,989,400</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,311,897</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(677,504</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(52,583</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(84,929</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(137,512</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(155,357</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">196,575</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,218</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Total Interest-Bearing Liabilities</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>734,488</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(18,507,029</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(17,772,542</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(13,041,836</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>23,360,802</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>10,318,966</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">838,167</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,421,179</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(17,583,012</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,877,979</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,160,420</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,282,441</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(103,679</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(85,851</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(189,530</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(163,857</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36,525</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Low and Non-Interest Bearing
    Deposits</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in"><B>Special Checking Accounts</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>4,556</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(51,937</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>(47,381</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(27,107</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>29,565</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>2,459</B></TD><TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,106</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(51,545</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(44,439</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,304</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,027</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,723</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-indent: -9pt; padding-left: 18.25pt">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,549</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(392</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,942</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(802</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">538</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(264</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Interest-earning
Assets: Net Interest Margin and Spread</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table analyzes, by currency of denomination, our levels of average interest-earning assets and net interest income,
and illustrates the comparative margins and spreads for each of the years indicated.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Average interest-earning assets<SUP>(1)(2)</SUP></B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">167,316,884</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">152,823,559</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">193,983,579</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: 0.45pt; padding-left: 0.1in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">23,893,875</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">45,197,037</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">57,588,985</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">191,210,759</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">198,020,596</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">251,572,564</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net interest earned</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,942,208</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,247,426</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,246,974</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: 0.45pt; padding-left: 0.1in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,140,699</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">364,875</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,177,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">40,082,907</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">39,612,301</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">44,424,767</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Interest Margin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Weighted average yield<SUP>(3)</SUP></B> </FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">21.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">20.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">17.7</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Yield Spread</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Weighted interest spread<SUP>(4)</SUP></B> </FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">19.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">16.8</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">15.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 180; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->170<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Gross Yield</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">39.3</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">55.4</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">38.3</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.5</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Includes
                                         all loans, leasing agreements and investments (including public and private bonds and
                                         Central Bank notes) and other receivables from financial intermediation that earn interest.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
                                         figures represent daily averages.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Takes
                                         into account the average interest earned on interest-earning assets and is weighted in
                                         accordance with the volume of each asset.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Takes
                                         into account the average interest earned on interest-earning assets, net of average interest
                                         paid on interest-bearing liabilities.</FONT></TD></TR></TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Investment
Portfolio</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">We
own, manage and trade a portfolio of securities issued by the Argentine government, the Central Bank, and other public
sector and corporate issuers. The following table sets out our investments in Argentine and other governments and corporate securities,
as of December&nbsp;31, 2020 and 2019 by type and currency of denomination.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Debt Securities at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-left: 0in">LOCAL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Government securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: left; padding-left: 0.125in">Debt securities in Pesos maturity May 21, 2021 </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,779,504</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in dollars maturity November 11, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">789,538</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Treasy bonds maturity April 29, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">774,667</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt securities in Pesos maturity January 29, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">476,999</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine sovereign bonds in Pesos maturity April 3, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">474,334</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds maturity 2026 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">397,557</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Treasury bonds maturity October 17, 2023 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">361,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos 1.5% March 25, 2024 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,965</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos 1.4% March 25, 2023 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">292,883</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Debt securities maturity March 31, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">265,125</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in dollars 4% maturity August 5, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">429,244</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Treasury bonds 2.5% maturity July 22, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,407</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt securities in Pesos 8 serie (PR15) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,447</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Debt securities maturity September 13, 2019 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">215,497</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Debt securities maturity November 15, 2019 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">171,963</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Cup&oacute;n Lecap S30G9 60% $ maturity February 26, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,848</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bond in Pesos maturity June 21, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,518</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine sovereign bonds in dollars 5,625% maturity 2022 (A2E2) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,375</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine sovereign bonds in dollars 8% 2020 (AO20) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,077</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine sovereign bonds in dollars 8.75% 2024 (AY24) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,972</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Bono Discount in Pesos maturity 2033 (DICP) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,899</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine sovereign bonds in Pesos 2.5% maturity July 22, 2021 (TC21) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,406</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Boncer 2020 (TC20) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,368</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">T.D. Pcia de Buenos Aires in Pesos maturity April 12, 2025 (PBA25) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,018</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Bocon consolidation bond in Pesos 8 serie (PR15) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,644</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,480,942</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,096</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Securities issued by the Central Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 7, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">298,179</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 26, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">292,413</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity December 31, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Corporate Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">On Ypf S.A. in Pesos maturity January 24, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">167,276</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">On Telecom in Pesos maturity December 10, 2023 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">On Telecom in Pesos maturity December 10, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71,895</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 181; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->171<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; width: 74%">On Quickfood Clase 9 maturity November 24, 2022 </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">-</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">1,464</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">Others </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">129,817</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0in">Total debt securities at fair value through profit or loss </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">773,962</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">OTHER DEBT SECURITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Measure at fair value through changes in Other Comprehensive Income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0in">LOCAL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Government securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in dollars maturity April 29, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,800,600</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos maturity March 25, 2024 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">526,331</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos maturity March 25, 2023 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">313,172</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos maturity March 18, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">250,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos maturity September 20, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">126,689</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Treasury bonds maturity August 5, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">103,747</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds maturity BONCER 2% 2026 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,395</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos 1.5% March 25, 2024 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68,607</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos August 5, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">63,623</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds T2V1 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">129,325</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds TV22 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">218,126</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt securities in Pesos maturity May 21, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,395</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Securities issued by the Central Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 19, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,806,030</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 5, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,979,284</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 21, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,914,420</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 7, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,673,231</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 26, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,407,758</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 28, 2021 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,400,862</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 7, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,400,401</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 8, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,249,822</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 3, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">739,603</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 6, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">339,021</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Liquidity Central Bank bills maturity January 2, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,983</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Corporate Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Measure at amortized cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0in">LOCAL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Public bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos maturity May 21, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,584,160</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos maturity April 3, 2022 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">253,422</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Treasury bonds in Pesos T2V1 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">104,196</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Treasury bonds maturity November 21, 2020 </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,206,973</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">261,063</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Securities issued by the Central Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in">Corporate bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">Others </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,571</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,429</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Total other debt securities </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">40,859,976</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,238,339</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in">Investments in equity instruments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.125in">Measured at fair value through profit and loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0.125in">LOCAL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Grupo Financiero Galicia SA </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74,881</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,891</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Pampa Energ&iacute;a S.A. </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,286</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Loma Negra S.A. </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,179</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Otros</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">785</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 182; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->172<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in; width: 74%">Measured at fair value through changes in Other Comprehensive Income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-left: 0in">LOCAL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,197<SUP></SUP></TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,957</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0in">Total investments in equity instruments </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">116,328</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,848</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 0in">Total  </TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">50,848,207</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,032,149</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)&nbsp;&nbsp;Includes an equity investment
in Play Digital SA. of Ps. Thousands 19,954. The Company owns 3.487% of the shares of Play Digital S.A. Play Digital S.A. is a company
fully owned by most banks operating in Argentina. It developed and launched MODO in late 2020 as a way to send and receive money with
people you know, using their mobile phone numbers as ID without the need for a CBU (uniform banking key), alias account number or CVU
(uniform virtual key). In the beggining of 2021 also added a Peer to Merchant solution for payments through a QR code. MODO is a standalone
app or it can be embedded in the banking apps and intends to become a strong player in the digital payment segment.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table sets out the weighted average yield for each range of maturities, to debt securities that are not held at fair
value:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="17" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Grupo Supervielle S.A.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="17" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">As of December&nbsp;31, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Debt securities that are not held at fair value</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Within 1 year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>After 1 year <BR>
through</B></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> <FONT STYLE="font-style: normal"><B>5 years</B></FONT></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>After 5 <BR>
year <BR>
through</B></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> <FONT STYLE="font-style: normal"><B>10 years</B></FONT></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">After 10 <BR>
years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 37%; text-align: left">Weighted average yield</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">30.8</TD><TD STYLE="width: 1%">%</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(18.5</TD><TD STYLE="width: 1%; text-align: left">)%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(17.7</TD><TD STYLE="width: 1%; text-align: left">)%</TD></TR>
</TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The weighted average yield was calculated as the sum of each bond&rsquo;s
returns divided by the sum of each bond&rsquo;s average holding considering their remaining maturity.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table sets out the aggregate book value of securities from a single issuer that exceeds 10% of Grupo Supervielle Shareholder&acute;s
Equity:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Single Issuer</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">%Shareholder&acute;s Equity</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Argentine <FONT STYLE="font-family: Times New Roman, Times, Serif">government</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">21,194,737</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">59</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Central Bank</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">28,787,177</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">81</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">49,981,914</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Loans
and other Financing</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our
loan and other financing portfolio are included in Note 26. Loans and The Other Financing of our audited consolidated
financial statements.</FONT></P>

<!-- Field: Page; Sequence: 183; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->173<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Maturity
Composition of the Loan and Other Financing</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table analyzes our loan and other financing as of December&nbsp;31, 2020 by type and by the time remaining to maturity.
Loans and other financings are stated before deduction of allowances for loan losses.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Maturing as of December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Within 1 <BR>
year</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>After 1 <BR>
year <BR>
through</B></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> <FONT STYLE="font-style: normal"><B>5 years</B></FONT></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B>After 5 <BR>
year <BR>
through</B></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> <FONT STYLE="font-style: normal"><B>15 years</B></FONT></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">After 15 <BR>
years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: normal; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: normal; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: normal; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: normal; font-style: normal; text-align: center">(in thousands of Pesos except percentages)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">To the non-financial public sector </TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">12,631</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">10,899</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">23,530</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">To the financial sector </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12,062</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12,062</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">To the non-financial private sector and foreign residents:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 0.25in; text-indent: -0.125in">Overdrafts </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,494,262</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,494,262</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Promissory notes </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">27,798,404</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,103,495</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,470,899</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">31,372,798</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Mortgage loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,458,636</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">341,445</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,216,141</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7,396,497</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10,412,719</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Automobile and other secured loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">980,672</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">797,284</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,777,956</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Personal loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,271,810</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">15,122,254</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">453,249</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">93</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">19,847,406</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Credit card loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">19,091,874</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,206</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">19,094,080</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Foreign trade loans and U.S. dollar loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,808,630</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7,164,744</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">884,935</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">9,858,309</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 0.25in; text-indent: -0.125in">Others </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,838,916</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,179,779</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">16,973</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">16,035,668</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 0.25in; text-indent: -0.125in">Receivables from financial leases </TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1,331,896</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1,552,995</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">6,219</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">2,891,110</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Total loans and other financing</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B> </B></FONT></TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">74,099,793</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">28,275,101</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">4,048,416</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">7,396,590</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">113,819,900</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Interest
Rate Sensitivity</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table analyzes the amount of our loan and other financing portfolio due after one year at fixed and variable interest
rate. Loans and financings are stated before deduction of allowances for loan losses.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Amount due after one year at</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Fixed interest rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Variable interest rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: normal; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: normal; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: normal; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: normal; font-style: normal; text-align: center">(in thousands of Pesos except percentages)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">To the non-financial public sector </TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">10.899</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">10.899</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">To the financial sector </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.125in; text-indent: -0.125in">To the non-financial private sector and foreign residents:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 0.25in; text-indent: -0.125in">Overdrafts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Promissory notes </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,654,185</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">920,209</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3,574,394</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Mortgage loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5,746,791</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3,207,292</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,954,083</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Automobile and other secured loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">616,052</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">181,232</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">797,284</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Personal loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">15,563,159</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.437</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">15,575,596</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Credit card loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,206</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,206</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in">Foreign trade loans and U.S. dollar loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,049,679</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,049,679</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: normal; font-style: normal; padding-left: 0.25in; text-indent: -0.125in">Others </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,196,752</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,196,752</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; padding-left: 0.25in; text-indent: -0.125in">Receivables from financial leases </TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1,231,356</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">327,858</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: normal; font-style: normal; text-align: right">1,559,214</TD><TD STYLE="padding-bottom: 1pt; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: normal; text-align: left; padding-left: 0.25in; text-indent: -0.125in"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Total loans and other financing</FONT><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B> </B></FONT></TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">35,060,180</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">4,659,927</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">39,720,107</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 184; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->174<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts
Past Due Loans and Other Financing</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table analyzes amounts past due in our loan and other financing portfolio, by type of loan and other financing as of
the dates indicated. The past due loans listed in the table below include loans of the Bank, Tarjeta, Espacio Cordial, CCF and
MILA past due more than 90 days.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Past Due</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Loans and other Financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">To the non-financial private sector and foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-indent: -0.1in; padding-left: 12.15pt">Overdrafts </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">279,875</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">1,561,082</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Promissory notes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">145,140</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">335,371</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Mortgage loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">517,280</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,017,494</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Automobile and other secured loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">182,886</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,376</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Personal loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">165,187</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,495,352</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Credit card loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">149,913</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">736,149</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Foreign trade loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,812,301</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,157,785</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 12.15pt">Other loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">513,524</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">878,013</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 12.15pt">Receivables from financial leases </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">95,994</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">366,414</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Past Due Loans and other financing </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,862,100</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,589,036</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Past Due Financings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">With Preferred Guarantees </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,280,213</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,393,969</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Without Guarantees </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,581,887</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,195,067</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Past Due Financings </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,862,100</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,589,036</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Analysis
of the Allowance for Loan Losses</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
analysis of the allowances for loan losses are included in Note 1.11 and 26 of our audited consolidated financial statements.
See &rdquo; Item 5.A Operating Results&mdash;Critical Accounting Policies&mdash;Allowances for Loan Losses&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table analyses
the ratio of allowances for loans losses to total loans:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Allowances for loan losses</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">8,424,714</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">9,192,129</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Loans and other financing</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">113,819,900</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">129,009,477</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Allowances&nbsp;as a percentage of Loans</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">7.40</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">7.13</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table analyzes the ratio of net charge-offs to average loans, disclosed by loan category.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Write-offs and <BR>
reversals</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net Charge-<BR>
offs/average <BR>
loans</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Write-offs <BR>
and <BR>
reversals</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net Charge-<BR>
offs/average <BR>
loans</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Loans:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 22%; text-align: left; text-indent: -0.1in; padding-left: 0.2in">Promissory notes </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">14,838,492</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(162,941</P></TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1.10</P></TD><TD STYLE="width: 1%; text-align: left">)%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">12,720,435</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(211,120</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(1.66</TD><TD STYLE="width: 1%; text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Unsecured corporate loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,479,098</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(859,602</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(4.92</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,778,530</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(499,400</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3.38</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Overdrafts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,633,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1,367,271</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(20.61</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,537,781</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(153,128</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.61</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Mortgage loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,646,858</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(696,219</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(6.54</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,186,422</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Automobile and other secured loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,591,768</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(138,895</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(8.73</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,513,711</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(288,416</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11.47</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Personal loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,244,137</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1,756,618</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(8.27</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,223,272</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,506,136</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11.23</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Credit card loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,077,757</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1,043,963</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(6.49</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,664,402</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,233,452</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7.40</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Foreign Trade Loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,168,862</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(253,669</P></TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1.26</P></TD><TD STYLE="text-align: left">)%&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,697,331</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(906,628</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2.61</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.2in">Loans to the Financial Sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,337</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">-</P></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">-</P></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">756,381</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.2in">Receivables from financial leases</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,686,050</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(98,666</P></TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(2.68</P></TD><TD STYLE="padding-bottom: 1pt; text-align: left">)%&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,043,733</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(48,365</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.8</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in"><B>Total</B></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><B>112,577,134</B></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><B>(6,377,843</B></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><B>)</B></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><B>(5.67</B></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><B>)%</B></TD><TD STYLE="padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><B>140,121,996</B></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><B>(6,846,644</B></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><B>(4.89</B></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><B>)%</B></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 185; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->175<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Allocation
of the Allowance for Loan Losses and Other Financing</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The allocation of  allowances for loan and other financing
losses by category of loans are included in Note 1.11 and 26 of our audited consolidated financial statements. See &ldquo;Item 5.A Operating
Results&mdash;Critical Accounting Policies&mdash;Allowances for Loan Losses&rdquo;.&nbsp;</FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans
and Other Financing Portfolio by Economic Activity</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below analyzes our loan and other financing portfolio according to the borrower&rsquo;s main economic activity as of December&nbsp;31,
2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Loan Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">% of <BR>
Loan <BR>
Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Loan Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">% of <BR>
Loan <BR>
Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Oils and oilseeds </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">301,306</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">0.3</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">369,929</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">0.3</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Agriculture, crops and fruit </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,653,540</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,630,592</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Manufactured foodstuff, cattle beef </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,964,922</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3,828,409</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Household items, sales / Trading </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,153</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">260,500</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Automotive vehicles and car parts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,867,051</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,183,272</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Sugar </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">800,801</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">937,725</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Foreign and local banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,993</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">17,431</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 186; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->176<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Loan Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">% of <BR>
Loan <BR>
Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Loan Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">% of <BR>
Loan <BR>
Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 48%">Alcoholic beverages </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">153,474</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 10%">0.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 10%">188,613</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 10%">0.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Civil construction </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,882,721</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7,737,737</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">6.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Road works and specialized construction </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,050,097</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5,484,757</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cooperatives and small financial institutions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,036,833</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3,422,565</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Private and public mail services </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,576</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3,041</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cattle raising </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,230,886</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,532,355</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Leather </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">278,235</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">371,082</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Electricity and gas distribution </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,248,071</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,211,296</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Home appliances, audio and video devices, production and importation </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,034</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">93,687</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Hydrocarbon extraction and production </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">136,343</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">14,468</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Families and individuals<SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,387,897</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">46.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">55,256,170</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">42.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Hypermarkets and supermarkets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">215,243</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">346,550</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Machines and tools &ndash; Production, sale and/or lease </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,052,603</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,363,134</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Motorcycles, parts and accessories </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,619</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">39,185</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Paper and cardboard </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">621,134</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">846,167</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Plastic - Manufactures </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">679,697</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,038,702</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Metal products </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">946,221</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,035,589</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Pharmaceutical products and laboratories </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">663,466</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">925,670</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Chemical products </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,209,859</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,255,847</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Waste collection and recycling </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,176,850</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,173,923</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Corporate services </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,533,389</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,603,473</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Health services </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">943,942</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">731,739</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Mineral extraction and production </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">420,698</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">6,059,654</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Telecommunications </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,257</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">42,424</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Textile industry </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,059,225</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,584,154</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cargo transportation </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,468,977</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,747,917</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Wine industry </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,891,847</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,797,597</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Real estate agencies </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">203,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">286,998</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other<SUP>(2)</SUP> </FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,578,603</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11.1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,587,124</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10.5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">113,819,900</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; font-style: normal; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; font-style: normal; text-align: right">129,009,476</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; font-style: normal; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; font-style: normal; text-align: left">%</TD></TR>
</TABLE>

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans
                                         for personal consumption.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         all other industries. None of such industries exceeds 1% of the total loan and other
                                         financing portfolio.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Composition
of Deposits</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets out the composition of each category of deposits by currency of denomination that exceeded 10% of average
total deposits at December&nbsp;31, 2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average nominal <BR>
rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average nominal <BR>
rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Deposits in domestic bank offices by local depositors</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Non-interest-bearing current accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">21,376,584</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0.0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">20,618,478</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0.0</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,553,331</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,085,727</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">22,929,915</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">32,704,205</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 187; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->177<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average nominal <BR>
rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average nominal <BR>
rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 28%">Savings accounts</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,415,124</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,697,435</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">9,765,110</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,083,238</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">33,180,234</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.1</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">43,780,673</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.2</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Special checking accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,465,672</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,322,938</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,196,109</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.3</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,652,362</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.3</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35,661,781</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">17.8</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35,975,300</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24.6</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,951,934</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56,897,721</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,534,312</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.80</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,883,327</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.3</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">60,486,246</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">32.5</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">64,781,048</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">43.1</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average nominal <BR>
rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average nominal <BR>
rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Deposits in domestic bank offices by foreign depositors</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Non-interest-bearing current accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">236</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right"></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">640</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right"></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.3in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">236</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">640</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Savings accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,603</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,761</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,208</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">28,889</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.3in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,811</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">36,650</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.2in">Average</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.3in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,218</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,549</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.3in">Dollars </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">300</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.3in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,218</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,849</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(in thousands of Pesos) </TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Uninsured deposits</TD><TD STYLE="width: 2%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>106,943,143</B></FONT></TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">63,762,654</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>


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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maturity
of Deposits</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>



<!-- Field: Page; Sequence: 188; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->178<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth information regarding the maturity of our time deposits exceeding the SEDESA insurance limit at December
31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo&nbsp;Supervielle&nbsp;S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As&nbsp;of&nbsp;December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD>
    <TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(in thousands of Pesos)</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Time Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 82%; padding-left: 0.1in">3 months or less; </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">29,538,334</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.1in">Over 3 months through 6 months; </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370,964</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in">Over 6 months through 12 months; </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44,692</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.1in">Over 12 months </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total Time Deposits</B><SUP>(1)</SUP> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">29,953,990</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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


<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Only
                                         principal. Excludes the CER and UVA adjustment.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Law No. 24485 and Decree No.
540/95 established the creation of the Deposit Insurance System to cover the risk attached to bank deposits, in addition to the system
of privileges and safeguards envisaged in the Financial Institutions Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The maximum amount for this
insurance system to demand deposits and time deposits denominated either in Pesos and/or in foreign currency was set at $1,000 as from
March 1, 2019 and increased to 1,500 as of May 1, 2020.</P>

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

<P STYLE="text-indent: 0.5in; text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">This system does not cover deposits made by other financial institutions
(including time deposit certificates acquired through a secondary transaction), deposits made by parties related to Banco Supervielle,
either directly or indirectly, deposits of securities, acceptances or guarantees and those deposits set up at an interest rate exceeding
the one established regularly by the Argentine Central Bank.</P>
<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Short-term
Borrowings</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows our short-term borrowings as of the dates indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Annualized Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Annualized Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">International banks and Institutions:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total amount outstanding at the end of the reported period </TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">5,197,265</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">3.7</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">10,989,572</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">5.3</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Average during period </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">24,109,289</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,634,472</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">18.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Maximum monthly average </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">53,204,310</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12,106,024</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Financing received from Argentine financial institutions:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total amount outstanding at the end of the reported period </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">625,374</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">30.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,262,803</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">19.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Average during period </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">838,737</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">35.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,813,934</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">67.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Maximum monthly average </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,077,821</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,384,732</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other<SUP>(1)</SUP></B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total amount outstanding at the end of the reported period </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">9,128,391</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">13,101,974</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Average during year </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,817,649</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">6,658,250</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Maximum monthly average </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10,759,551</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,631,666</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Unsubordinated Corporate Bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total amount outstanding at the end of the reported period </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,147,234</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">34.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7,771,113</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">26.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Average during year </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5,111,119</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">26.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">13,301,234</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">34.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Maximum monthly average </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7,061,815</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">15,495,508</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         mainly collections and other transactions on behalf of third parties, miscellaneous (payment
                                         orders abroad) and social security payment orders pending settlement.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 189; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->179<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Return
on Equity and Assets</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table presents certain selected financial information and ratios for the dates indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 55%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Income for the year attributable to owners of the parent company </TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">3,499,882</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">(2,929,201</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: normal; font-style: normal; text-align: right">(6,341,497</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average total assets<SUP>(1)</SUP> </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">256,356,321</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">272,626,702</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">325,617,464</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Average shareholders&rsquo; equity </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">34,400,841</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">31,791,694</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">39,063,579</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Shareholders&rsquo; equity at the end of the period attributable to owners of the parent company </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">35,651,135</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">31,878,404</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">35,506,450</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income as a percentage of:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -9pt; padding-left: 17.3pt">Average total assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -9pt; padding-left: 17.3pt">Average shareholders&rsquo; equity </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(9.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(16.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Declared cash dividends </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">341,000</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">530,065</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">634,568</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividend payout ratio<SUP>(2)</SUP> </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">9.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(18.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(10.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 17.3pt">Average shareholders&rsquo; equity as a percentage of average total assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">13.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">11.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
</TABLE>

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculated
                                         on a daily basis.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculated
                                         by dividing dividend paid in the year by net income for the year attributable to owners
                                         of the parent company under IFRS. As mentioned in Note 25 to our audited consolidated
                                         financial statements, dividends are paid based on distributable retained earnings calculated
                                         in accordance with the rules of the Argentine Central Bank. As of December&nbsp;31, 2020,
                                         2019 and 2018, the dividend payout ratio considering those rules would be 10.0%, 10.0%
                                         and 11.8%, respectively.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
Capital Requirements</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
main subsidiary, the Bank, is required to satisfy minimum capital requirements. The following table sets forth the Bank and CCF&rsquo;s
consolidated minimum capital requirements set by the Superintendency as of the dates indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
stated above under &ldquo;Presentation of Financial and Other Information,&rdquo; we have prepared our audited consolidated financial
statements for 2020, 2019 and 2018 under IFRS. Minimum capital requirements have been prepared in accordance with the rules of
the Argentine Central Bank, which is not comparable to data prepared under IFRS.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Calculation of excess capital:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 55%; text-align: left; text-indent: -0.1in; padding-left: 0.2in">Allocated to assets at risk </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">9,047,140</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">7,164,842</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">6,090,341</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Allocated to Bank premises and equipment, intangible assets and equity investment assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,350,035</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">826,133</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370,233</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Market risk </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">551,765</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">251,739</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">301,724</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest rate risk </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Public sector and securities in investment account </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,651</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,472</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96,882</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.2in">Operational Risk </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,233,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,349,952</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,486,516</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.2in">Required minimum capital under Central Bank regulations </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,210,384</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,604,138</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,345,696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Basic net worth </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,242,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,991,091</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,847,865</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Complementary net worth </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,090,865</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,033,734</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,163,939</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.2in">Deductions </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,028,227</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,999,716</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(867,798</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.2in">Total capital under Central Bank regulations </TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">24,304,901</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,025,109</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,144,006</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.2in">Excess capital </TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,094,517</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,420,971</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,798,310</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 190; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->180<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in; width: 55%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Risk Weighted Assets<SUP>(1)</SUP> </FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 12%">125,991,581</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 12%">96,585,712</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 12%">79,580,781</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Risk Weighted Assets<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">173,834,352</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">129,638,218</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">101,933,777</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Selected capital and liquidity ratios:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Regulatory capital/credit risk weighted assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Regulatory capital/risk weighted assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Average shareholders&rsquo; equity as a percentage of average total assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Total liabilities as a multiple of total shareholders&rsquo; equity </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.4</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Cash as a percentage of total deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquid assets as a percentage of total deposits<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Tier 1 Capital / Credit Risk Weighted assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Tier 1 Capital / Risk Weighted assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.8</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Risk
                                         Weighted Assets includes operational risk weighted assets, market risk weighted assets,
                                         and credit risk weighted assets. Operational risk weighted assets and market risk weighted
                                         assets are calculated by multiplying their respective required minimum capital under
                                         Central Bank regulations by 12.5. Credit Risk Weighted Assets is calculated by applying
                                         the respective credit risk weights to our assets, following Central Bank regulations.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquid
                                         assets include cash and securities issued by the Central Bank (LEBACs and NOBACs).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December&nbsp;31, 2020, the Bank&rsquo;s Tier 1 capital ratio on a consolidated basis with CCF was 13.4% compared to 10.8%
as of December&nbsp;31, 2019. Including the liquidity held by the holding company (Grupo Supervielle), which are available for
further capital injections into its subsidiaries or for investments for further growth, the consolidated pro-forma Tier 1 capital
ratio as of December&nbsp;31, 2020 was 13.8%. The bank&rsquo;s Tier 1 ratio coincides with CET 1 ratio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December&nbsp;31, 2020, the Bank&rsquo;s total capital ratio on a consolidated basis with CCF was 13.9% compared to 11.6% as
of December&nbsp;31, 2019. Including the funds held by the holding company (Grupo Supervielle) which could be used to fund our
growth strategy, the consolidated pro-forma total capital ratio as of December&nbsp;31, 2020 was 14.0%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item&nbsp;5.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a015"></A>Operating
                                         and Financial Review and Prospects</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
                                         5.A</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a016"></A>Operating
                                         Results</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
section contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from
those discussed in the forward-looking statements as a result of various factors, including, without limitation, those set forth
in &ldquo;<I>Forward-looking Statements</I>,&rdquo; &ldquo;<I>Item 3.D Risk Factors</I>,&rdquo; and the matters set forth in this
annual report generally.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
discussion should be read in conjunction with our audited consolidated financial statements which are included elsewhere in this
annual report.</FONT></P>


<!-- Field: Page; Sequence: 191; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->181<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
Presentation</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
audited consolidated financial statements are prepared in accordance with IFRS as issued by the IASB. We adopted IFRS for the
first time for the year ended on December&nbsp;31, 2018, with a transition date of January 1, 2017.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
audited consolidated financial statements are presented by applying &ldquo;Financial reporting in hyperinflationary economies&rdquo;
(IAS 29). During 2018, Argentina met the criteria to be considered a hyperinflationary economy as inflation exceeded 100% in the
last three years on a cumulative basis, together with other characteristics of the economic environment that indicate the existence
of hyperinflation. Accordingly, financial statements were restated for the changes in the general pricing power of the functional
currency, using the consumer pricing index (CPI) published by the INDEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
segment disclosure for the years ended December&nbsp;31, 2020, 2019 and 2018 is presented on a basis that corresponds with our
internal reporting structure and is consistent with the manner in which our Board of Directors regularly evaluates the components
of our operations in deciding how to allocate resources and in assessing the performance of our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
measure the performance of each of our business segments primarily in terms of net income (i.e., net revenues&ndash;or financial
income and service fee income, net of financial expenses and service fee expenses&ndash;after deducting loan loss provisions and
administrative costs directly attributable to the segment). Net income excludes the financial expenses incurred by Grupo Supervielle
at the holding level in connection with its funding arrangements (although substantially all the proceeds of such arrangements
have been contributed as capital to the subsidiaries through which the segments are operated), as well as transactions between
segments, which are reflected under &ldquo;Adjustments.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020 we operated our business through the following segments:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Personal
                                         and Business Banking</I>: Through the Bank, we offer our customers a full range of financial
                                         products and services, including personal loans, mortgage loans, deposit accounts, purchase
                                         and sale of foreign exchange and precious metals and credit cards, among others. Since
                                         January 1, 2020, our SMEs portfolio was transferred from the Corporate Banking segment
                                         to the Personal and Business Banking segment (previously named Retail Banking segment).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Corporate
                                         Banking</I>: Through the Bank, we offer large corporations and middle-market companies
                                         a full range of products, services and financial assessment including factoring, leasing,
                                         foreign trade finance and cash management. Since January 1, 2020, our SMEs portfolio
                                         was effectively transferred from the Corporate Banking segment to the Personal and Business
                                         Banking segment.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Treasury</I>:
                                         It is primarily responsible for the allocation of the Bank&rsquo;s liquidity according
                                         to the needs of the Personal and Business Banking segment, the Corporate Banking segment
                                         and its own needs. The Treasury segment implements the Bank&rsquo;s financial risk management
                                         policies, manages the Bank&rsquo;s trading desk, distributes treasury products such as
                                         debt securities, and develops businesses with wholesale financial and non-financial clients.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 192; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->182<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Consumer
                                         Finance</I>: Through CCF and Tarjeta Autom&aacute;tica, Supervielle offers credit card
                                         services and loans to the middle and lower-middle-income sectors. In November 2020, CCF
                                         launched IUD&Uacute;, a digital banking services platform which joined the Grupo Supervielle
                                         ecosystem to participate in the transformation of the financial services industry. Product
                                         offerings also include consumer loans, credit cards and insurance products through an
                                         exclusive agreement with Walmart Argentina and through Tarjeta Autom&aacute;tica branch
                                         network. Moreover, through Espacio Cordial, Supervielle offers non-financial products
                                         and services. Since the MILA acquisition, its new portfolio of used car loans and its
                                         respective results are recorded under Consumer Finance segment.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Insurance</I>:
                                         Through Supervielle Seguros, Grupo Supervielle offers insurance products, primarily personal
                                         accidents insurance, protected bag insurance, life insurance and integral insurance policies
                                         for entreprenuers and SMEs. In 2018 the company incorporated the marketing of special
                                         multiple peril policies focused on the entrepreneurs and SMEs segment. Supervielle Seguros
                                         is continuously offering new products to the different customer segments of Grupo Supervielle
                                         companies: high net worth individuals (Identit&eacute;), senior citizens, entrepreneurs
                                         and SMEs, customers of the Consumer Finance and Corporate Banking segments. Since 2019,
                                         Supervielle Broker de Seguros operates under this segment.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Asset
                                         Management and Other Services</I>: Grupo Supervielle offers a variety of other services
                                         to its customers, including mutual fund products through Supervielle Asset Management.
                                         Since its acquisition in May 2018, Supervielle also offers products and services through
                                         InvertirOnline S.A.U. Also, since MILA acquisition, the MILA portfolio outstanding at
                                         the moment of the acquisition and its respective results are recorded under Asset Management
                                         and Others segment, while the new portfolio of used car loans and its respective results
                                         are recorded under the Consumer Finance segment.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
Standards and Interpretations issued by the IASB adopted by Grupo Supervielle:</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">Below is a list of New Standards and Interpretations issued by the
IASB adopted by Grupo Supervielle.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 1.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definition
                                         of a business &ndash; Changes in accordance to IFRS 3</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 1.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definition
                                         of significant or relatively significant - Changes to IAS 1 and IAS 8</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 1.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendment
                                         to the Conceptual Framework</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
Note 1.1.3 to our audited consolidated financial statements for a more comprehensive discussion of the effects of the adoption
of these new standards.</FONT></P>


<!-- Field: Page; Sequence: 193; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->183<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Ongoing COVID-19 Pandemic</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">In December&nbsp;2019, a novel strain of coronavirus (SARS-COV-2) was
reported to have surfaced in Wuhan, China. COVID-19 has since spread across the world, including to Argentina, and on March&nbsp;11, 2020
the World Health Organization declared COVID-19 a pandemic. In response, countries around the world, including Argentina, have adopted
extraordinary measures to contain the spread of the virus, including imposing travel restrictions and closing borders, requiring closures
of non-essential businesses, instructing residents to practice social distancing, issuing stay at home orders, implementing quarantines
and similar actions. The ongoing pandemic and these extraordinary government measures have been disrupting global economic activity and
resulted in significant volatility in global financial markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to recent IMF estimates
released in April, 2021, as a result of the COVID-19 pandemic, the global economy contracted sharply by 3.0% in 2020. In addition, according
to the IMF, Latin America&rsquo;s economy contracted by 5.2% in 2020, with a forecast for Brazil&rsquo;s economy to having contracted
by 5.3% (Brazil being the main trading partner of Argentina). As regards Argentina, according to the INDEC information, the country&rsquo;s
economy contracted by 9.9% in 2020. For 2021, the IMF estimates a rebound in the economic growth, with the global economy is expected
to expand 5.8%, while Latin America is expected to grow 3.4%. See &ldquo;Item 5.D&mdash;Trend Information.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Argentine government
has adopted multiple measures in response to the COVID-19 pandemic, including a nationwide mandatory lockdown that began on March 19,
2020 and was extended several times, until November 6, 2020 when the country shifted towards a &ldquo;social distancing&rdquo; phase,
instead of a strict lockdown. The government has also required the mandatory shutdown of businesses not considered essential until late
June approximately, depending on the province.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the same time, in order to mitigate the economic impact of the COVID-19 pandemic and mandatory lockdown and shutdown of non-essential
businesses, the Argentine government has adopted social aid, monetary and fiscal measures, including the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><P STYLE="margin: 0pt 0">-</P></TD>
  <TD STYLE="text-align: justify"><P STYLE="text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Closure
                                  of bank branches</I>. On March 20, 2020, the Central Bank determined that bank branches in Argentina
                                  should remain closed. From April 3 until April 10, 2020, branches were allowed to open with limited
                                  hours, only for the attention of beneficiaries of pension schemes and certain retirement benefits and
                                  beneficiaries of aid programs funded by the ANSES. During this period, the rest of the banking activities
                                  were performed only through digital means. Beginning on April 13, 2020, financial entities have been
                                  allowed to reopen only for a limited number of services, and only by prior appointment, with teller
                                  services initially restricted to pensioners and social plan beneficiaries, provided that certain health
                                  and security requirements are complied with. Additionally, beginning on April 20, 2020, the Central
                                  Bank has allowed the provision of teller services exclusively for deposits in, and withdrawals from,
                                  foreign currency accounts. Most recently, through Communication &ldquo;A&rdquo; 7270, the Central Bank
                                  encouraged financial institutions to provide further banking services through online gateways and established
                                  that attention to the public must not exceed 50% of the branches&rsquo; capacity.</P></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 194; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->184<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><P STYLE="margin: 0pt 0">-</P></TD>
  <TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Postponement of loan payments</I>.
                                  The Central Bank postponed payments on loans maturing during the national lockdown period, and suspended
                                  the <I>accrual</I> of punitive interests on loans with maturity between April&nbsp;1 and June&nbsp;30,
                                  2020. This rule was extended three consecutive times, first, through Communication &ldquo;A&rdquo;
                                  7044 to those loans maturing between July and September 31, 2020, then through Communication &ldquo;A&rdquo;
                                  7107, this was extended to those loans maturing between October and December&nbsp;31, 2020 and then
                                  through Communication &ldquo;A&rdquo; 7181 to those loans maturing between January and March&nbsp;31,
                                  2021.</P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><I>Mortgage
                                            loan installments and mortgage foreclosures</I>. The Argentine government established the
                                            freezing of amortization payments for mortgage loans if the mortgaged property is the only
                                            and permanent residence of the debtor, until September 30, 2020. The decree also resolved
                                            the freezing of UVA car loans and the suspension of mortgage foreclosures until September
                                            30, 2020. The debit balance resulting from the freezing of the installment increases may
                                            be paid in three consecutive monthly installments, upon request by the borrower. On September
                                            25, 2020, the Argentine government through the Decree 767/2020 extended these measures until
                                            January 31, 2021, and stated that housing mortgage l enders adopt between February 2021 and
                                            until July 31, 2022, a plan to make those installments frozen at March 2020 UVA value, to
                                            converge again to actual UVA. These measures were subsequently extended by virtue of Decree
                                            66/2021 until March 31, 2021. Although these restrictions are no longer in force as of the
                                            date of this annual report, Communication &ldquo;B&rdquo; 12123 and Communication &ldquo;A&rdquo;
                                            7270 established that financial institutions must enable an instance to consider the situation
                                            of those customers in which the installment of the UVA loan to be paid exceeds 35% of their
                                            income.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>ATM fees</I>. The Central Bank determined that, until March&nbsp;31,
2021, any operation effected through ATMs was not subject to any charges or fees.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><I>Credit
card payments</I>. The Central Bank determined that the unpaid balances of credit card financings due between April 13 and April 30,
and between September 1 and September 30, 2020 will be automatically refinanced in nine equal consecutive monthly installments beginning
after a 3-month grace period. Interest rates on such unpaid balances may not exceed an annual nominal rate of 43% -for balances due between
April 13 and April 30- and of 40% -for balances due between September 1 and September 30- if the amount we financed for this concept,
considering each credit card account, does not exceed Ps. 200,000.</P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Prohibition of bank account closures</I>. The government
<I>prohibited</I> the closure and disabling of bank accounts and the imposition of penalties until December&nbsp;31, 2020.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Time deposits minimum rate</I><FONT STYLE="background-color: white">.
                                  Communication &ldquo;A&rdquo; 6980 established that non-adjustable term deposits under Ps. 1 million
                                  made by individuals as of April 20, 2020 will have a minimum interest of 70% of the LELIQ average auction,
                                  Communication &ldquo;A&rdquo; 7018 extended the scope of these measures over all term deposits regardless
                                  of their minimum amount. Subsequently, Communication &ldquo;A&rdquo;7027 increased the minimum rate
                                  equivalent to 79% LELIQ average auction, and, as from August 1, 2020, an additional increase from such
                                  79% to an 87% was set for term deposits of individuals exceeding the Ps. 1 million. Since November
                                  13, 2020, the Central Bank provided for an additional increase in the minimum interest rate to be paid
                                  in respect of retail time deposits below Ps. 1 million, to 37%, and 34% for the rest of time deposits.</FONT></P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Family emergency income and extraordinary
                                  subsidies</I>. The government established (i) a stipend of Ps.10,000, for the months of April, June
                                  and August 2020, for people who are unemployed or working informally, and self-employed workers who
                                  are not currently generating or receiving other income; (ii) an extraordinary subsidy of Ps.3,000,
                                  for the months of April and June 2020, for beneficiaries of pension schemes and certain retirement
                                  benefits; and (iii) an extraordinary subsidy of Ps.5,000 from April 2020 until October 2020, for healthcare
                                  workers.</P></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 195; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->185<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Prohibition of dismissals and
                                  suspensions</I>. The <FONT STYLE="background-color: white">government</FONT> prohibited dismissals
                                  of employees until May&nbsp;31, 2021.</P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Labor market emergency assistance program</I>. The government
created a <I>fund</I> of specific application within the FOGAR (acronym in Spanish for <I>Fondo de Garant&iacute;as Argentino</I>), with
the aim of backing financings provided to SMEs by financial entities in order to pay salaries.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Additionally, some of the government measures are aimed at encouraging bank lending, such as:</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Credit lines at preferential interest rates:</I></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">The Central Bank promoted loans granted at a 24% preferential interest
rate, to assist SMEs with payroll payments and working capital needs. The Central Bank also allowed financial institutions to deduct a
portion of the amount of loans granted from the minimum reserve requirements. The Argentine government by means of Decree 326/2020 created
a fund of specific application within the FOGAR (acronym in Spanish for Fondo de Garant&iacute;as Argentino), with the aim of backing
financings provided to SMEs by financial entities in order to pay salaries. On October 15, 2020, through Communication &ldquo;A&rdquo;
7140, the Central Bank established that this credit line applied only for ATP. On November 5. 2020, through Communication &ldquo;A&rdquo;
7157, the Central Bank cancelled the obligation to grant financing to SMEs within the framework of the Emergency Work Assistance Program
and Production (ATP).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif">&#9679;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">On October 15, 2020, through Communication &ldquo;A&rdquo; 7140, the
Central Bank promoted two new credit lines at a preferential rate for companies, in addition to the existing 24% credit line to SMEs.
The two new credit lines are: (i) a 30% interest rate credit line to fund capital goods acquisitions and investments in the construction
sector; and (ii) a credit line to finance working capital needs from SMEs (<I>l&iacute;neas para el financiamiento productivo</I>). The
30% interest rate credit line shall represent 30% of total origination under this rule. On January 6, 2021, through Communication &ldquo;A&rdquo;
7197, the Central Bank ruled that the 65% amount of credit lines granted to finance working capital needs of SMEs disbursed since October
16, 2020 may be applied to achieve the abovementioned 30% of total origination of the 30% interest rate credit line. On February 25, 2021,
through Communication &ldquo;A&rdquo; 7227, the Central Bank increased from 65% to 100% the amount of credit lines granted to fund working
capital needs of SMEs disbursed since October 16, 2020 that can be applied to achieve the required origination of the 30% interest rate
credit line. In addition, through Communication &ldquo;A&rdquo; 7240, the Central Bank ruled that the balance of credit lines to SMEs
shall be equivalent to (i) a minimum quota of 7.5% of the average balance of deposits from the private sector as of September 2020, for
the 2020 quota, and (ii) a minimum quota of 7.5% of the average balance of deposits from the private sector as of March 1, 2021. The 2020
quota was in force between October 16, 2020 and March 31, 2021, whereas the 2021 quota will be in force from April 1, 2021 until September
30, 2021.</P></TD></TR></TABLE>


<!-- Field: Page; Sequence: 196; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->186<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Through Communication &ldquo;A&rdquo; 6993, the Central Bank provided
for the zero interest rate financing program granted through credit cards in subsequent three disbursements to some eligible customers.
These loans have a 12-month tenor and a six-month grace period. The FOGAR will guarantee these loans and the Fondo Nacional de Desarrollo
Productivo (FONDEP) will recognize a 15% annual nominal rate to financial institutions on disbursed financings. This program was extended
until September 30, 2020. Subsequently, the zero interest rate program was extended to culture loans, with a tenor of 24 months and a
12-month grace period. The 0% interest rate included in the initial program was changed in the current program, to an interest rate of
27% or 33% which depends on the level of year-on-year sales variation as impacted by the pandemic.</P></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><P STYLE="margin: 0pt 0">-</P></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Limitations on holding Central Bank notes</I>. Simultaneously
with the creation of the fund within the FOGAR, the Central Bank set limitations on banks&rsquo; holdings of notes from the Central Bank
(LELIQ), in order to make liquidity available and encourage the provision of credit lines to SMEs.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 0.25in"><P STYLE="margin: 0pt 0">-</P></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Reserve requirements. </I>The Central Bank established that
the facilities granted at a preferential rate to SMEs and households may be deducted from reserve requirements:</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">40% (total balance granted to SMEs at 24% interest rates) to those
loans granted until October 15, 2020;</P></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">40% but only if the loan beneficiaries belong to sectors considered
eligible for the ATP and that after March 19 did not import final consumer goods (except medical products or supplies) to those loans
granted since October 15, 2020; and</P></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">24%
of loans granted to SMEs at 27% interest rates and 7% of loans granted to SMEs at 33% to those loans since November 6, 2020.</P></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Classification of Debtors: The Central Bank established new rules&nbsp;regarding
the criteria for debtor classification and provisioning until September 30, 2020. These rules provide an additional 60 days period of non-payment before a loan is required to be classified as non-performing, and include all financings to commercial portfolio clients and loans granted for consumption or housing purposes In
March 25, 2021, through Communication &ldquo;A&rdquo; 7245, the Central Bank established a gradual transition in the definition of debtors for clients who chose to postpone the payment of installments, a benefit was not renewed from the due date at the end March 31, 2021.
Financial entities and other obligated parties must increase the grace period to classify their debtors in levels 1, 2 and 3, both for the commercial portfolio and for the consumer or housing portfolio, according to the following schedule: (i) until March 31, 2021, in
60 days, (ii) until May 31, 2021, in 30 days, and (iii) as of June 1, 2021, financial entities must classify their debtors according to the general debtor classification.</P></TD></TR></TABLE>


<!-- Field: Page; Sequence: 197; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->187<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, by means of Communication &ldquo;A&rdquo; 6939, as amended and supplemented, the Central Bank suspended, until June
30, 2021, the distribution of dividends by financial entities, including the Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
more information, see &ldquo;Item 4.B.&mdash;Business Overview&mdash;Argentine Banking Regulations&mdash;<FONT STYLE="background-color: white">Government
Measures in Response to the Ongoing COVID-19 Pandemic.&rdquo;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Since
early March&nbsp;2020, our management has been actively monitoring the evolution of the ongoing COVID-19 pandemic and taking actions
to mitigate the impact it may have on our business. Measures have been taken rapidly as the situation continued to evolve, focusing
mainly in protecting our employees and customers and ensuring the continuity of our operations. On March&nbsp;13, 2020, even before
the nationwide lockdown was declared, we implemented a protocol by which a significant part of our workforce (including elder
employees and pregnant women) started to work remotely. We have allocated additional resources to the provision of laptops for such
employees, and have made investments in new VPN licenses to enhance the security of working remotely. Remote work may nonetheless
exacerbate certain risks to our business, including an increased reliance on information technology resources, increased risk of
phishing and other cybersecurity attacks, and increased risk of unauthorized dissemination of sensitive personal information. Since
the very beginning of the pandemic, we have also taken other measures such as the incorporation of medical personnel to our crisis
management teams, the monitoring of COVID-19 positive cases, online psychological assistance for employees, and online yoga and gym
classes. During 2020 we launched Workplace, our internal social network that allows our employees to work together online. We
provided more virtual training as well as flexible work options. Our cultural transformation, was reinforced by a campaign that has
garnered several awards and a new competencies model. In September 2020, we launched a new model organized around experiences,
tribes and centers of excellence. In March 2021, we have decided that until the end of winter season (i.e., September 2021), our
central areas employees will continue to work remotely. As of the date of this annual report, approximately 90% of our central areas
employees are working remotely.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leveraging on the progress we have made since 2018 on the digital transformation
of our operations, which focuses on an enhanced customer experience, since the beginning of the COVID-19 pandemic crisis in Argentina,
with the main goal of protecting the health and safety of our customers, specially senior citizens (which are a significant portion of
our customers&rsquo; base and are more vulnerable to the effects of the virus), we have been encouraging our customers to use our available
digital channels. At the same time, we launched the Human Banking campaign, enhancing a work culture to make life easier for our customers
and teams, even during a pandemic, combining a human approach with technology to protect and include everyone. We started by adding new
functionalities to the first app in the market designed for senior citizens in Argentina and set up dedicated phone assistance so they
could operate from home. In April 2020, we issued and delivered debit cards for all senior citizens who receive their social security
payments through our bank. We expanded the 24-hour banking areas in our lobbies, adding new self-service equipment and additional space
to allow for social distancing and greater comfort. We also relocated our ATMs dedicated to Supervielle&rsquo;s customers, which use biometric
technology to allow senior citizens to withdraw cash anytime, day or night, by simply scanning their fingerprint. We trailblazed in the
market, increasing withdrawal limits so that senior citizens could take out their monthly social security payment all at once. In addition,
we helped 678,000 people access their COVID government relief payments. We also helped our customers by providing a platform of tutorials
that explain common transactions step by step. By adding value to virtual channels, we achieved growth: we increased over 175,000 the
number of our digital customers, we increased the number of card-free ATM withdrawals and reduced in-person banking appointments. In less
than a month, we expanded our contact center to offer enhanced customer service.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The SMEs segment was particularly impacted by the pandemic, and with
a view to assisting them under these circumstances we adapted processes and products, and manages all commercial teams to maintain service
quality and comply with all regulatory provisions. We renovated our branches to provide personalized service in private, safe spaces and
exclusive spaces for commercial customers, including a waiting area. Through our Business On Boarding, we also made it possible for commercial customers to open new accounts online.
In addition, we witnessed the prompt adoption of digital means such as e-checks and e-factoring. We have made available loans promoted
by the Central Bank at preferential interest rates, to assist them with payroll payments and working capital needs. We have also launched
specific credit lines for SMEs in the health and the transportation sectors. As of December 31, 2021, the Bank has granted loans at preferential
interest rate for an approximate amount of Ps. 10.7 billion, reaching 11% of the credit portfolio at the close of 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">We also worked to have a positive impact on our community. During the
pandemic, (i) we provided 290,000 meals to food banks, (ii) we donated Ps.13 million in medical equipment and food supplies, 500 food
baskets and cleaning supplies to foundations assisting different neighborhoods in the capital city and The greater Buenos Aires area,
and we sent masks, hand sanitizer, gloves and medical equipment to different healthcare centers, and (iii) we joined the Mendoza Business
Council in the #SeamosUno campaign and donated two mobile healthcare clinics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>&nbsp;</P>


<!-- Field: Page; Sequence: 198; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->188<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">We face various risks arising from the economic impact of the pandemic
and related government measures which are difficult to predict accurately at this time. These risks include (i) a higher risk of impairment
of our assets, (ii) lower margins as a consequence of the temporary restrictions on charging certain fees to customers, and as a result
of lower interest rates on loans promoted by the Central Bank, and minimum interest rates imposed on deposits, (iii) a possible significant
increase in loan defaults and credit losses, with a consequent increase in loan loss provisions, and (iv) a decrease in credit demand
and in our business activity in general, particularly new retail lending. During 2020 we have updated and enhanced our expected loss models
and have created provisions related to COVID-19, thereby increasing our coverage ratio; however, it is still uncertain how a further spread
of the virus could impact in the economy and the ability of our customers to pay their obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">We are continuing to monitor the impact of the ongoing COVID-19 pandemic
across our businesses and will take and implement all possible actions to preserve health of our employees and to ensure continuity of
our operations. Grupo Supervielle will continue focusing on improving efficiency while keeping its differentiated strategy to capture
growth, remaining flexible under this particularly volatile and challenging scenario. The ultimate impact of the pandemic on our business,
results of operations and financial condition remains highly uncertain and will depend on future developments outside of our control,
including the intensity and duration of the pandemic, whether new variants of the COVID-19 arise, and the government measures in response
of the COVID-19 pandemic, including the vaccination program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
 &ldquo;Item 3. Key Information&mdash;D. Risk Factors.&mdash;Risk Factors&mdash;Risks Relating to Argentina&mdash;The ongoing COVID-19
pandemic and government measures to contain the virus adversely affected and could continue to affect our business and results
of operations, and, as conditions evolve in 2021, we cannot accurately predict the ultimate impact on us.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine Economy and Financial System</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Introduction</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">During 2020, according to recent estimates of the IMF, the world economy
fell by 3.5% as a result of the crisis caused by the COVID-19 pandemic. The first cases were reported in China by late 2019 and the number
escalated in the first two months of 2020. After February 2020, the virus disseminated worldwide (the first case in Argentina was reported
on March 3). By April 25 2021, 820.7 million cases have been confirmed worldwide, with a death toll of 3.1 million As of the same date,
in Argentina over 2.8 million cases have been confirmed with a death toll of 61,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">As a result, as of December 2020 the world gross product recorded a
negative growth for the first time since 2009, when it had fallen by 0.08%. This performance is mainly explained by the GDP decrease by
4.9% and 2.4% in developed countries and emerging countries, respectively. Throughout 2020, world economies were seriously affected by
the need to implement restrictions on mobility as a way to stop the virus. Specifically, during March and April the most significant collapses
were recorded in the activity level, concurrently with the greatest phase of COVID-19 expansion worldwide.</P>


<!-- Field: Page; Sequence: 199; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->189<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
2020, the behavior of the currencies of Argentina&rsquo;s trade partners was heterogeneous. Half of them suffered a nominal currency
depreciation, with the Brazilian Real depreciating by 20%. In contrast, the euro recorded a 9% appreciation and the Yuan 7%. In
real terms, the Peso appreciated by 2.6% on average in the year and depreciated by 0.2% year-on-year according to the Multilateral
Real Exchange Rate Index prepared by the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Commodities were highly affected by the health crisis in 2020. As of
April 2020, commodities accumulated a drop of 24.7% with respect to December 2019 as a result of the global uncertainty caused by the
spread of the virus. Then, with the gradual reopening of the economies and world trade, prices of commodities recovered and, as of December
2020, they were 28.2% above April&rsquo;s minimum. As a result, prices accumulated 3.5% year on year fall against the close of 2019 and
12.4% as compared to the average of each year. In contrast, the prices of commodities exported by Argentina, measured by the commodities
price index prepared by the Central Bank grew by 17.7% year-on-year, while they only increased by 0.4% as compared to the annual average.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In Argentina, macroeconomic conditions in 2020 was mainly marked by
the health crisis that had a strong impact on the activity level, especially in April when the Mandatory Preventive Social Confinement
(ASPO) was established to reduce mobility and control the spread of the virus. Thus, in an attempt to moderate the impact of confinement
on the economy, Argentina, like most of the countries in the world, was forced to engage in a fiscal expansion, which highly increased
the fiscal deficit. In turn, considering the lack of access to international financial markets, and although Argentina finally reached
an agreement for its debt restructuring in September 2020, such deficit was mostly funded through currency issuance, which generated an
additional pressure on the different economic variables.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine Economy</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Beginning in December&nbsp;2001 and for most of 2002, Argentina experienced
one of the most severe crises in its history which nearly left its economy at a standstill and deeply affected its financial sector. Between
2004 and 2009, the Argentine economy and the financial sector recovered considerably. Since 2009, the Argentine economy has shown increased
volatility. Macroeconomic conditions in 2020 were mainly marked by the health crisis that had a strong impact on activity levels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below includes certain economic indicators in Argentina for the years indicated:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 55%; text-align: left">GDP real growth (%) </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(2.2</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(2.2</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(9.9</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Primary fiscal balance (excludes interest) (as a % of GDP) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2.4</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left"><SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total public debt (as a % of GDP) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">90.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">104.5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Trade balance (in million U.S.$) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,700</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,991</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,528</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total deposits (as a % of GDP) <SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans to the private sector (as a % of GDP) <SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Unemployment rate-end year- (%) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Inflation in consumer prices &ndash;Dec./Dec. - CPI INDEC (%) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36.1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Average nominal exchange rate (in Ps.Per U.S.$) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.24</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">84.15</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
INDEC, Central Bank and City of Buenos Aires&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company
                                         estimates based on Central Bank information</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company
                                         estimates based on information published by the Ministry of Economy</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 200; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->190<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2018, Argentina&rsquo;s GDP decreased by 2.5%. As regards quarterly evolution, the economic activity recorded a positive year-on-year
growth rate only in the first quarter (4.1%) and then negative rates in the second (-3.8%), third quarter (-3.7%) and in the fourth
quarter (-6.2%).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2019, Argentina&rsquo;s GDP decreased by 2.2% recording (5.8)%, 0.0%, 1.7% and (1.1)% year-on-year growth rates for the four quarters
of the year, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, Argentina&rsquo;s GDP decreased by 9.9% recording (5.2)%, (19.0)%, (10.1)% and (4.3)% year-on-year growth rates for the
four quarters of the year, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
Trade and Foreign Exchange Market</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-style: normal">During
2020, the trade balance accumulated a surplus of U.S.$12,530 million, resulting in a worsening over the positive result of U.S.$15,953
million reached in 2019, although trade surpluses were recorded in two consecutive years after six years of negative results. The trade
balance dynamics is the result of a low activity level, with 13.8% in imports, below 2019 percentage. In summary, the worst performing
imports in 2020 were fuels and lubricants (-40.6%) and vehicles and automobiles (-31.7%). On the other hand, exports also showed a poor
performance with U.S.$54,885 million, down to 15.7% against 2019, with a drop of 30.9% in industrial manufacturing and of 16.5% in fuels
and energy. </FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal">In 2020, as well as in 2019, a decrease was recorded in international
reserves of U.S.$5,438 million, ending the year with a stock of U.S.$39,410 million. During the year, financial reserves recorded a fall
of U.S.$4,190 million from September to November, amidst a context of uncertainty in which financial exchange rates substantially accelerated
and higher restrictions were established on the purchase of foreign currency. In the last month of 2020, uncertainty decreased, which
allowed the Central Bank to purchase U.S. dollars and restore the international reserve stock by U.S.$758 million. In terms of components,
the fall in reserves throughout 2020 was mainly due to the sale of foreign currency for U.S.$4,169 million and payment to international
agencies for U.S.$2,547 million. The international reserve dynamics benefited from the debt restructuring carried out in September, which
enabled Argentina to stop payments of foreign debt services during 2020. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The nominal exchange rate
ended 2020 at U.S.$ 84.15, which meant a rise of the U.S. dollar value during the year of U.S.$24.25 or a peso devaluation of approximately
29%. The exchange rate dynamics throughout the year was stable under a controlled depreciation scheme implemented by the Central Bank
which, on average, was in line with monthly inflation rates recorded during the year. During 2020 exchange restrictions imposed by late
2019 were tightened, which increased the gap between the official exchange rate and financial exchange rates. In fact, the blue-chip
swap (arising from the difference in the quotation of Argentine stocks measured in pesos and in US dollars) reached 108% above the official
exchange rate in October as a result of the tightening of the exchange controls established by mid-September.</P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<!-- Field: Page; Sequence: 201; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->191<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Labor
Market</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-style: normal">In
2020, salaries showed a year-on-year growth of 33%. Private sector registered employees&rsquo; salaries increased by 34.3% and in the
non-registered private sector the increase was of 39%. In turn, the increase in the public sector was much lower, with a 26.8% increase.
</FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-style: normal">The
employment level was affected by the health crisis, recording a decrease despite the measures adopted by the Argentine Government seeking
to maintain occupation levels, which included the prohibition of dismissals without cause and the payment of two severance payments in
case of non-prohibited dismissals. In this context, according to data until November, a fall was recorded of 219,000 registered work positions,
due to a drop of 212,000 in the number of registered workers. In contrast, the number of workers under the Small Taxpayers&rsquo; Simplified
Scheme grew by 25,000, evidencing a deterioration in the employment quality. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the other hand, unemployment
rates of the first, second and third quarters were 10.4%, 13.1% and 11.7%, respectively, averaging 11.7% in the first three quarters of
the year. The average unemployment rate showed an increase of 161 basic points as compared to the first three quarters of 2019 (10.1%
in 2019 against 11.7% in 2020). In addition, the activity rate went from 47.2% in the third quarter of 2019 to 42.3% in the third quarter
of 2020.</P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fiscal
Balance</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
Argentine public sector recorded in 2020 a primary deficit without extraordinary revenues of $1,749,957.3 million (approximately 6.4%
of the GDP) while the financial deficit was $2,292,830.5 million (8.3% of the GDP). These figures were due to a 23% year-on-year growth
in total revenues (9.6 % below the inflation rate) as a result of the low activity level and a 63.5% increase in expenses (20 % above
the inflation rate). Most expenses resulted from the aid provided to moderate the impact of ASPO. In fact, the Ministry of Economy estimated
that the expense for the extraordinary measures adopted on account of the pandemic was of 3.5% of the GDP while the income on revenues
worsened the fiscal result by 0.7% of the GDP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In effect, social benefits
grew by 68% against 2019, approximately 11% of which were used for IFE and the Labor and Production Assistance Program (ATP). On the other
hand, during 2020, utilities rates were temporarily frozen, which accelerated such expense. In fact, expenses for subsidies grew by 105.9%,
with energy subsidies recording the highest rise (129.9%).</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In 2020, Ps.542,873 million were paid as interest, a 25% drop against
2019, representing 11.2% of the total revenues of the Argentine public sector (18.4% in 2019). The decrease in interest payments resulted
mostly from the discontinuation of foreign debt service payments as from May and the subsequent debt restructuring which led to non- payment
of such expenses during 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>


<!-- Field: Page; Sequence: 202; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->192<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">As in 2019, one of the critical aspects was the lack of access to financing
by the Argentine Treasury. As aforesaid, a large portion of the primary deficit had to be financed through monetary issue. In fact, the
financial aid of the Central Bank in 2020 amounted to Ps.2,014,702 million, which represented 88% of the year&rsquo;s financial deficit-
More precisely, Temporary Advances totaled Ps.407,720 million (16% higher than in 2019) while the transfers of profits amounted to Ps.1,606,982
million (a 687% increase). On the other hand, in 2020 the Argentine government secured financing in the domestic market for approximately
Ps.424,000 million in October, when the Argentine Treasury issued two Dollar Linked securities for Ps.250,000 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina&rsquo;s
Sovereign Debt Restructuring</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Fern&aacute;ndez administration has successfully restructured its foreign law-governed dollar-denominated debt, with an adhesion
(of 93.55%, which due to the collective action clauses raised the restructuring to 99%), by September, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 17, 2020, Argentina amended the invitation to incorporate bondholders&rsquo; feedback and on August 31, 2020 it announced
that it had obtained bondholders&rsquo; consents required to exchange and or modify 99.01% of the aggregate principal amount outstanding
of all series of eligible bonds invited to participate in the exchange offer. The invitation settled on September 4, 2020. As
a result of the invitation, the average interest rate paid by Argentina&rsquo;s foreign currency external bonds was lowered to
3.07%, with a maximum rate of 5.0%, compared to an average interest rate of 7.0% and maximum rate of 8.28% prior to the invitation.
In addition, the aggregate amount outstanding of Argentina&rsquo;s foreign currency external bonds was reduced by 1.9% and the
average maturity of such bonds was extended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regarding
Argentine law-governed debt, on April 5, 2020, the Argentine government enacted Decree No. 346/2020 (i) deferring the payments
of principal and interest on certain of its foreign currency bonds governed by Argentine law until December 31, 2020, or until
such earlier date as the Ministry of Economy may determine, taking into account the degree of advance in the process designed
to restore the sustainability of Argentina&rsquo;s public debt, and (ii) authorizing the Ministry of Economy to conduct liability
management transactions or exchange offers, or to implement restructuring measures affecting foreign currency bonds governed by
Argentine law which payments have been deferred pursuant to such Decree.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 18, 2020, Argentina offered holders of its foreign currency bonds governed by Argentine law to exchange such bonds for
new bonds, in terms that were equitable to the terms of the invitation made to holders of foreign law-governed bonds. On September
18, 2020, Argentina announced that holders representing 99.4% of the aggregate principal amount outstanding of all series of eligible
bonds invited to participate in the local exchange offer had participated. As a result of the exchange offer, the average interest
rate paid by Argentina&rsquo;s foreign currency bonds governed by Argentine law was lowered to 2.4%, compared to an average interest
rate of 7.6% prior to the exchange. In addition, the exchange offer extended the average maturity of such bonds.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>See
 &ldquo;</I>Item 3.D&mdash;Risk Factors&mdash;Risks Relating to Argentina&mdash;The Argentine government&rsquo;s ability to obtain
financing from the international loan and capital markets may be limited or costly, which may impair its ability to implement
reforms and foster economic growth&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 203; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->193<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Monetary
Policy</FONT></P>

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

<P STYLE="text-align: justify; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-style: normal">During
2020, the Central Bank announced changes in the monetary program intended to implement a more relaxed monetary policy, especially as from
March, with the outbreak of the pandemic and its impact on the economy. As access to the debt market was restricted, the monetary entity
was forced to provide financial aid to the Treasury throughout the year as described above. Concurrently, a drop in interest rates was
recorded which, according to the Central Bank, sought to provide liquidity to households and companies during the health emergency. In
this regard, the monetary policy interest rate (interest rate of Liquidity Bills) was at 38% by early March, evidencing a fall of 17%
against December 2019. </FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Then, after overcoming the most critical stage of the crisis, the Central
Bank began a process to harmonize interest rates intended to encourage and protect savings in legal tender both from inflation and exchange
rates through the construction of a peso-denominated interest rate curve. Thus, the performance of borrowing rates increased and the monetary
policy interest rate went down to 36%, although later it went up to 38% again and remained there until the end of the year. In turn, as
part of its monetary policy, the Central Bank began to assign more relevance to seven-day reverse repurchase transactions, which ended
the year with a 36.5% rate.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inflation</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina
has faced and continues to face inflationary pressures. From 2011 to date, Argentina experienced increases in inflation as measured
by CPI and WPI that reflected the continued growth in the levels of private consumption and economic activity (including exports
and public and private sector investment), which applied upward pressure on the demand for goods and services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January&nbsp;8, 2016, based on its determination that the INDEC had failed to produce reliable statistical information, particularly
with respect to CPI, GDP and foreign trade data, as well as poverty and unemployment rates, former President Macri declared a
state of administrative emergency for the national statistical system and the INDEC until December&nbsp;31, 2016. The INDEC suspended
publication of certain statistical data pending reorganization of its technical and administrative structure to recover its ability
to produce reliable statistical information. The INDEC published official CPI figures published by the City of Buenos Aires and
the Province of San Luis for reference for the first four months of 2016. In June 2016, the INDEC began publishing an official
inflation rate using its new methodology for calculating the CPI.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">According
to the available public information based on data from the City of Buenos Aires, CPI grew 38.0% in 2014, 26.9% in 2015, 41.0%
in 2016 and 26.1% in 2017, while according to the data of the Province of San Luis, CPI grew 31.9% in 2013, 39.0% in 2014, 31.6%
in 2015, 31.4% in 2016 and 24.3% in 2017.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;11, 2017, the INDEC started to publish a national CPI (the &ldquo;National CPI&rdquo;). The National CPI is based on
a survey conducted by INDEC and several provincial statistical offices in 39 urban areas encompassing each of the Republic&rsquo;s
provinces. Results are not reported by the provinces, but on a national level and for six statistical regions: the Greater Buenos
Aires Metropolitan area (which is the CPI that resumed publication in June 2016), the Cuyo region, the Northeast region, the Northwest
region, the Central (Pampeana) Region and the Southern (Patagonia) region. For the period of January through December 2019, accumulated
inflation using the National CPI was 53.8% compared to 47.6% for 2018. In the past, the Argentine government has implemented programs
to control inflation and monitor prices for essential goods and services, including attempts to freeze the price of certain supermarket
products, and price support arrangements agreed between the Argentine government and private sector companies in several industries
and markets that did not address the structural causes of inflation and failed to reduce inflation. Adjustments approved by the
Argentine government in electricity and gas tariffs, as well as the increase in the price of gasoline have been passed through
to prices, creating additional inflationary pressures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 204; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->194<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
National CPI is prepared in accordance with current international standards and classifies individual consumption by purpose,
previously used in the preparation of the former CPI. The adoption of the National CPI brings Argentina&rsquo;s statistical practice
in line with the OECD guidelines as well as the methodology followed by the statistical divisions of several international organizations,
including the United Nations, World Bank,&nbsp;IMF, Economic Commission for Latin America and the Caribbean, and the Inter-American
Development Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">According
to the INDEC, in 2020 inflation was 36.1% while the core inflation rate (excluding regulated and seasonal goods prices) was 39.4%,
as compared to the 53.8% rate and 56.7% core inflation rate in 2019. This accounts for a decrease of 17.7 and 17.4 percentage
points, respectively, with regard to the 2019 inflation rate. Inflation was more or less volatile during 2020. While starting
the year at low levels of inflation -in the Argentine context- on April and March it reached its lowest level, 1.5% of increase,
and on June it steadily continue to grow until December, when it reached its highest level, of 4.0%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
greatest year-on-year price increases were recorded in the northeastern region of the country (42.2%), northwestern region of
the country (38.1%), Pampa region (37.9%) Cuyo region (37.8%) and Patagonia region, the lowest recorded, (32.3%) while in the
City of Buenos Aires and Greater Buenos Aires inflation was below the average (34.1%).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
regards inflation components in 2020, prices of goods increased by 43% while prices of services increased by 22.2%. As in previous
years, such increase was due to the strong peso devaluation, as the rise in the exchange rate impacts more on goods than on services
due to the tradable nature of goods, with the addition of a strong increase in monetary issuance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
periods of high inflation, effective wages and salaries tend to fall and consumers adjust their consumption patterns to eliminate
unnecessary expenses. The increase in inflationary risk may erode macroeconomic growth and further limit the availability of financing,
causing a negative impact on our operations. See &ldquo;<I>Item 3.D&mdash;Risk Factors&mdash;Risks Relating to Argentina&mdash;
If the current levels of inflation continue or increase, the Argentine economy and our financial position and business could be
adversely affected</I>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Financial System</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
COVID-19 pandemic affected the financial market throughout 2020, as in most of the countries worldwide. In Argentina, banks remained
closed from March 20 to April 3, and as from that date they opened only gradually, first for senior citizens and beneficiaries
of ANSES financed assistance programs, and as of April 13 for all customers, by prior appointment and for limited transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 205; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->195<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">At
the same time, to mitigate the economic impact of the COVID-19 pandemic, the Central Bank adopted various measures applicable to banks,
such as: (i) deferral of loan repayment during the first days of the lockdown, (ii) no charges for ATM transactions, (iii) automatic
12-month refinancing of unpaid balances of credit cards due in April and September 2020 at a 43% and 40% interest rate, respectively,
(iv) automatic rescheduling of unpaid loan installments due as of April 2020 and throughout 2020 and until March 31, 2021, (v) no closing
of accounts by banks, (vi) minimum interest rate payable by financial entities for time deposits, (vii) flexibilization of criteria for
debtor classification and allowance for bad debts, and (viii) no dividend distribution by financial entities until June 2021.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As in 2019, the financial system liquidity management remained high.
In fact, the broad liquidity ratio (including not only cash but also Central Bank instruments and the 2022 Argentine Treasury Bonds recorded
as reserve requirements) of the banks in aggregate reached 62.1% of deposits in November 2020, recording an increase of 3.3% as compared
to the prior year. At the same time, the financial system liquidity remained high, ending at 78.2% in 2020, which showed a 20.3% increase
as compared to 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, solvency ratios in the financial system continued to be historically high. The regulatory capital adequacy ratio of
the sector totaled 23.3% of the risk weighted assets (RWA), according to the December data, which represents an excess adequacy
of almost two times (177%) that stipulated by applicable regulations, and 208% higher if we consider only private financial entities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020 private sector total deposits in the financial system increased by 64.1% (20.6% above inflation rate), closing the year at
$6,125,392 million. By currency, deposits in Pesos ended the year at Ps. 4,876,109 million, increasing by 85,2% (36% in real terms),
while deposits in US dollars measured in Pesos slightly increased by 15,3% (16.5% below price increase) totaling $1,249,283 million,
while the same deposits measured in US dollars dropped by 18% as a result of the outflow recorded following the uncertainty during
September and October following the rise of financial exchange rates. By type of deposit in the private sector in Pesos, the increase
was led by savings accounts (+105.3% in nominal terms and 50.8% in real terms%) and, to a lesser extent, by checking accounts
(+82.7% in nominal terms and 34.2% in real terms) and time deposits (79.3% in nominal terms and 32% above the inflation rate).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally<B><I>,
</I></B>total private sector loans recorded a year-on-year increase of 28.5% on average (-5.6% in real terms) and totaled Ps. 3,226,630
million. Private sector loans in Pesos grew by 49.4%, 9.7% above the inflation rate after the poor performance in 2019. At product level,
a great dispersal was observed: documents increased by 120.4% (61.9% in real terms) while cards grew by 58.6% (16.5% above the inflation
rate). Mortgage loans recorded a slight decrease of 0.1% (26.6% below the inflation rate), and personal loans grew by 10.3% (19% in real
terms). The significant increase of documents was due to the financing to SMEs and MiPyMe credit lines, at subsidized rates for payroll
payments during the health emergency, within the framework of a countercyclical behavior of credit policy promoted by the Central Bank.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 206; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->196<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Argentine
Financial System Statistics from 2011 to 2020.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table shows the 2011 to 2020 evolution of major financial statements items for the financial system:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="28" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>31</B></FONT>,</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; padding-bottom: 1pt; text-align: center; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2011</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2012</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2013</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2014</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2016</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2017</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2018</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020<SUP>(1)</SUP></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; text-align: center; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="28" STYLE="font-style: italic; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>(in
    millons of Pesos)</I></FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">628,381</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">790,026</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,004,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,340,548</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,847,314</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,645,673</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,468,783</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,531,805</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,733,723</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,929,924</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">558,264</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">699,205</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">883,086</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,172,335</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,620,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,348,461</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,067,587</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,921,168</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,836,745</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,435,324</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Shareholders&rsquo; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">70,117</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">90,82</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">121,689</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">168,213</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">226,863</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">297,212</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">401,196</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">610,637</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">896,979</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,494,600</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Capital, contributions,&nbsp;reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44,587</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">59,395</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73,219</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">89,307</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">126,264</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">212,157</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">311,814</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">389,773</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">562,788</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,697,285</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Retained earning</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25,53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31,426</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">48,471</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">78,907</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">100,6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">85,055</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">89,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">220,864</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">334,190</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">202,685</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">Loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">332,317</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">433,925</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">563,344</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">649,206</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">886,046</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,136,954.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,691,214</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,278,387</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,728,821</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,211,778</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Non-financial public&nbsp;sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31,346</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,951</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">48,438</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">51,47</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">75,254</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">52,25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37,738</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,351</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">104,130</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">83,685</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Financial&nbsp;sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,299</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,049</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,729</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,199</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26,426</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44,306</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">61,653</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">58,154</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">56,964</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Non-financial private&nbsp;sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">291,708</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">383,674</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">501,857</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">604,062</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">819,174</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,085,655</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,655,049</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,254,399</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,721,077</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,263,673</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">Provisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,173)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(9,596)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(13,117)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(17,054)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(21,581)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(27,952)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(45,879)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">87,016</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">154,540</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">192,545</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">462,517</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">595,764</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">752,422</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">979,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,355,353</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,969,029</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,445,998</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,085,244</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,838,130</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,354,985</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Non-financial public&nbsp;sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">129,885</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">163,691</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">202,434</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">256,996</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">291,104</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">441,89</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">457,66</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">864,851</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">763,188</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,296,526</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Non-financial private&nbsp;sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">328,463</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">427,857</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">544,331</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">720,645</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,062,590</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,521,687</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,981,988</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,207,397</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,056,973</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,036,052</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed in original currency, not adjusted for inflation.&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Figures
                                         as of September 30, 2020.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows the evolution of the number of financial institutions in the system:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2011</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2012</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2013</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2014</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2016</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2017</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2018</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020<SUP>(1)</SUP></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">64</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">65</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">66</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">65</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">63</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">63</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">63</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">64</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Public banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Private banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">52</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">53</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">53</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">51</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Private argentine capital banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Foreign capital domestic banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Foreign financial institution branch banks </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Financial companies </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credit unions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total financial institutions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">80</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">81</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">82</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">81</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">78</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">78</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">77</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">78</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">78</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">79</TD></TR>
</TABLE>

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed in original currency, not adjusted for inflation.&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Figures
                                         as of September 30, 2020.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 207; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->197<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
graph below shows the evolution of the private sector loans portfolio composition in Argentina:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm214268d1_20-fimg011.jpg" ALT="img">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed following Argentine Banking GAAP. Until December 31, 2019 did not apply IFRS 9 provisions.
Figures are expressed in original currency and not adjusted for inflation. Since January 2020, Central Bank figures are expressed
applying the provisions set forth in Law No. 27,429.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
graph below shows the evolution of non-performing loan ratios in Argentina:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm214268d1_20-fimg012.jpg" ALT="img">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed following Argentine Banking GAAP. Until December 31, 2019 did not apply IFRS 9 provisions.
Figures are expressed in original currency and not adjusted for inflation. 2020 information is impacted by i) the relief program
ruled by the Central Bank amid the pandemic which allowed debtors to reschedule their loan payments originally maturing between
April 2020 and March 2021, together with the automatic rescheduling of unpaid credit card balances due April and September 2020,
and ii) the Central Bank regulatory easing on debtor classifications amid the pandemic (adding a 60-days grace period before loans
are classified as non-performing) and the suspension of mandatory reclassification of customers that are non-performing with other
banks, but performing with Supervielle introduced in 1Q20 and extended until June 30, 2021.</FONT></P>

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


<!-- Field: Page; Sequence: 208; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->198<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following graph shows the evolution of non-performing loans coverage, measured as allowances over non-performing loans:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg013.jpg" ALT="img">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed following Argentine Banking GAAP. Until December 31, 2019 did not apply IFRS 9 provisions.
Figures are expressed in original currency and not adjusted for inflation. 2020 information is impacted by i) the relief program
ruled by the Central Bank amid the pandemic which allowed debtors to reschedule their loan payments originally maturing between
April 2020 and March 2021, together with the automatic rescheduling of unpaid credit card balances due April and September 2020,
and ii) the Central Bank regulatory easing on debtor classifications amid the pandemic (adding a 60-days grace period before loans
are classified as non-performing) and the suspension of mandatory reclassification of customers that are non-performing with other
banks, but performing with Supervielle introduced in 1Q20 and extended until June 30, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following graphs show the evolution of ROAA and ROAE in Argentina:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"><IMG SRC="tm214268d1_20-fimg014.jpg" ALT="img">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed following Argentine Banking GAAP. Until December 31, 2019 did not apply IFRS 9 provisions.
Figures are expressed in original currency and not adjusted for inflation. Since January 2020, Central Bank figures are expressed
applying hyperinflation accounting.</FONT></P>

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


<!-- Field: Page; Sequence: 209; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->199<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm214268d1_20-fimg015.jpg" ALT="img"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center; color: Red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank. Figures are expressed following Argentine Banking GAAP. Until December 31, 2019 did not apply IFRS 9 provisions.
Figures are expressed in original currency and not adjusted for inflation. Since January 2020, Central Bank figures are expressed
applying hyperinflation accounting.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
January 2020, Central Bank figures are expressed applying hyperinflation accounting, in accordance to IFRS rule IAS 29. The following
table shows ROAE and ROAA adjusted for inflation as of Dicember 31, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Financial System</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Private Banks</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 29%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ROAA</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">2.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">2.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ROAE</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows the inflation rates over the past 10 years:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2015</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 30%; text-align: left; text-indent: -9pt; padding-left: 9pt">Inflation in consumer prices &ndash;INDEC (%) </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">9.5</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">10.8</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">10.9</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">23.9</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26.9<SUP>(1)</SUP></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">41.0</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">24.8</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">47.6</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">53.8</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">36.1</TD></TR>
</TABLE>


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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information
from 2011 to 2015: City of Buenos Aires.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information
since 2017: Indec</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following tables show market share of Argentine banks in terms of assets, loans and deposits as of September&nbsp;30, 2020 according
to the Central Bank:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Market Share of Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2"></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Market Share of Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 37%; text-align: left">Banco de la Naci&oacute;n Argentina S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">18.8</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 36%; text-align: left">Banco de la Naci&oacute;n Argentina S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">16.8</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco Santander R&iacute;o S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco de Galicia y Buenos Aires S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco de Galicia y Buenos Aires S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco Santander R&iacute;o S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco de la Provincia de Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco de la Provincia de Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco de la Ciudad de Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco de la Ciudad de Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Citibank N.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.2</TD><TD STYLE="text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Banco Supervielle S.A.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.7</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Banco de la Provincia de C&oacute;rdoba S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco de la Provincia de C&oacute;rdoba S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Banco Supervielle S.A.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.2</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Itau Argentina</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Nuevo Santa Fe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">BICE SA</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.5</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT>&nbsp;</P>


<!-- Field: Page; Sequence: 210; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->200<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Market Share of Deposits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 88%; text-align: left">Banco de la Naci&oacute;n Argentina S.A.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">20.7</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco de la Provincia de Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco Santander R&iacute;o S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco de Galicia y Buenos Aires S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco Macro S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">BBVA Banco Franc&eacute;s S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Credicoop Cooperativo Limitado</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco de la Ciudad de Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">HSBC Bank Argentina S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Citibank N.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ICBC S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Banco de la Provincia de C&oacute;rdoba S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Banco Patagonia S.A.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Banco Supervielle S.A.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.3</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Nuevo Santa Fe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.8</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
respect to the distribution network, as of September 30, 2020, the financial system had 4,599 branches, 8,282 self-service terminals
and 17,294 ATMs, with coverage throughout Argentina.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows the distribution of the network by jurisdiction as of September&nbsp;30, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Jurisdiction</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Branches</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">ATMs</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Self-Service Terminals</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left">City of Buenos Aires</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">829</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2677</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">1888</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Buenos Aires</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1492</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5206</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2803</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Catamarca</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">180</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>C&oacute;rdoba</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">460</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1745</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">544</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Corrientes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">81</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">392</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">70</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Chaco</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">68</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">406</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Chubut</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">71</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">282</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">92</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Entre R&iacute;os</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">130</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">543</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">206</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Formosa</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">165</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Jujuy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">225</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">87</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">La Pampa</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">228</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">La Rioja</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">167</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Mendoza</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">174</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">675</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">331</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Misiones</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">67</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">344</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">137</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Neuqu&eacute;n</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">85</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">367</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">99</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">R&iacute;o Negro</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">81</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">310</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">149</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Salta</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">72</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">398</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">155</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">San Juan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">223</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">88</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">San Luis</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">190</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">80</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Santa Cruz</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">51</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">219</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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


<!-- Field: Page; Sequence: 211; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->201<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Jurisdiction</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Branches</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">ATMs</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Self-Service Terminals</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; width: 56%">Santa Fe</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">486</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">1533</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">1042</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Santiago del Estero</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">58</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">282</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Tucum&aacute;n</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">97</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">425</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">164</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Tierra del Fuego</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">112</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">48</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4599</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">17294</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8282</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presentation
of Financial Statements in Pesos; Inflation.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Historically,
inflation in Argentina has played a significant role in influencing the economic conditions in Argentina and, in turn, the operations
and financial results of companies operating in Argentina, such as Grupo Supervielle.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina
has faced and continues to face inflationary pressures. From 2011 to date, Argentina experienced increases in inflation as measured
by the WPI that reflected the continued growth in the levels of private consumption and economic activity (including exports and
public and private sector investment), which applied upward pressure on the demand for goods and services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
periods of high inflation, effective wages and salaries tend to fall and consumers tend to accelerate their consumption patterns
and also eliminate unnecessary expenses. The increase in inflationary risk may erode macroeconomic growth and further limit the
availability of financing, causing a negative impact on our operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS
29 requires that financial statements of any entity whose functional currency is the currency of a hyperinflationary economy,
be stated in terms of the measuring unit current at the end of the reporting period. IAS 29 does not establish a set inflation
rate beyond which an economy is deemed to be experiencing hyperinflation. However, hyperinflation is commonly understood to occur
when changes in price levels are close to or exceed 100% on a cumulative basis over the last three years, along with other several
macroeconomic-related qualitative factors. Following this criteria, Argentine economy must be considered hyperinflationary according
to IAS 29 starting July&nbsp;1, 2018. As a consequence, financial statements for the year ended on December&nbsp;31, 2020 have
been stated in terms of the measuring unit current at the consolidated financial statement date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table shows the rate of inflation, as measured by the variations in the WPI and the CPI, according to INDEC and the
evolution of the reference stabilization coefficient (&ldquo;CER,&rdquo; per its Spanish acronym) index and UVA used to adjust
the principal of certain of our assets and liabilities, for the periods indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended December 31,</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; width: 61%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; width: 9%">2020</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; width: 9%">2019</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; width: 9%">2018</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="8" STYLE="text-align: center">(in percentages)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Price Indices:<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in">WPI </TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">35.4%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">58.5%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">73.5%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.1in">CPI </TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">36.1%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">53.8%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">47.6%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Adjustment Index:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.1in">CER </TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">36.14%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">51.6%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">47.2%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UVA<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">36.18%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">51.84%</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">46.86%</TD></TR>
</TABLE>

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Source:
                                         INDEC, Central Bank</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UVAs
                                         are inflation adjusted units introduced in September 2016.</FONT></TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 212; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->202<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Currency
Composition of our Consolidated Financial Statements</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth our assets and liabilities denominated in Pesos, in Pesos adjusted by the CER and in foreign currency,
at the dates indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-style: italic; text-align: center">(in thousands of Pesos)</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Assets</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 64%; text-align: left; padding-left: 0.1in">In Pesos, unadjusted </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">194,194,787</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">130,554,531</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">195,968,897</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.1in">In Pesos, adjusted by the CER </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,869,019</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14,797,146</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,768,021</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In Foreign Currency<SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44,167,140</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">57,068,538</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">89,094,230</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.2in">Total Assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">296,831,148</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities and Shareholders&rsquo; Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.1in">In Pesos, unadjusted, including Shareholders&rsquo; Equity </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">211,275,734</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">148,754,789</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">211,492,958</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.1in">In Pesos, Adjusted by the CER </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,454,201</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,979,758</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">175,360</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In Foreign Currency<SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">36,501,011</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">51,685,668</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">85,162,830</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0.2in">Total Liabilities and Shareholders&rsquo; Equity </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">296,831,148</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Converted into Pesos based on the reference exchange rates reported
by the Central Bank for December 31, 2020 (U.S.$ 1.00 to Ps.84.15), December&nbsp;31, 2019 (U.S.$ 1.00 to Ps.59.895) and December&nbsp;31,
2018 (U.S.$ 1,00 to Ps.37.8083).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Critical Accounting Policies and Estimates</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of our consolidated
financial statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires senior management
to make judgements in applying the accounting standards to define the our accounting policies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0">We identified the following areas which involve
a higher degree of judgement or complexity, or areas where assumptions and estimates are material for our consolidated financial statements
which are essential to understand the underlying accounting/financial reporting risks:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>a-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fair
value of derivatives and other instruments</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
fair value of financial instruments not listed in active markets is determined using valuation techniques. Such techniques are
validated and reviewed periodically by qualified personnel independent from the area which developed them. All models are assessed
and adjusted before being put into use in order to ensure that results reflect current information and comparable market prices.
As long as possible, models rely on observable inputs only; however, certain factors such as as implicit rates in the last available
tender for similar securities and spot rate curves, require the use of estimates. Changes in the assumptions of these factors
may affect the reported fair value of financial instruments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 213; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->203<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>b-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Allowances
for loan losses</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
recognize the allowance for loan losses under the expected credit losses method included in IFRS 9. The most significant judgements
of the model relate to defining what is considered to be a significant increase in credit risk, determining the life of revolving
facilities, and in making assumptions and estimates to incorporate relevant information about past events, current conditions
and forecasts of economic conditions. The impact of the forecasts of economic conditions are determined based on the weighted
average of three internally developed macroeconomic scenarios that take into consideration the our&acute;s economic outlook as
derived through forecast macroeconomic variables, which include inflation rate, monthly economic activity estimator and private
sector wage.A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very
sensitive to the risk factors</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 14.2pt; text-align: justify; text-indent: -14.2pt">Note 1.11 of our consolidated financial statements provides more detail
of how the expected credit loss allowance is measured.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>c-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Impairment
of Non-Financial Assets</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intangible
assets with definite useful life and property, plant and equipment are amortized or depreciated on a straight-line basis during
their estimated useful life. The Group monitors the conditions associated with these assets to determine whether the events and
circumstances require a review of the remaining amortization or depreciation term and whether there are factors or circumstances
indicating impairment in the value of the assets which might not be recoverable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We have applied the judgment in the identification of impairment indicators
for property, plant and equipment and intangible assets. We have defined defined that there was no evidence of impairment for any period
included in our consolidated financial statements. Given the aforementioned, no recoverable value has been calculated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
evaluation process for potential impairment of an asset of indefinite useful life is subject to and require a significant judgment
in many points over the course of the analysis, including the identification of its cash-generating unit, the identification and
allocation of assets and liabilities to a cash-generating unit and the definition of their recoverable value. The recoverable
value is compared with the carrying value in order to define the non-recoverable portion of such value. When calculating the recoverable
value of the cash-generating unit in virtue of the assessment of annual or regular impairment, we use estimates and significant
judgments on future cash flows of the cash-generating unit. Its cash flow forecasts are based on assumptions that account for
the best use of its cash-generating unit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
we believe that assumptions and forecasts used are suitable in virtue of the information available for the administration, changes
in assumptions or circumstances may require changes in the assessment. Negative changes in assumptions utilized in an impairment
tests of indefinite useful life intangible assets may result in the reduction or removal of the excess of fair value over the
book value, which would result in the potential recognition of the impairment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
decided that it would not be necessary to recognize an impairment loss in indefinite useful life intangible assets under such
conditions.</FONT></P>

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


<!-- Field: Page; Sequence: 214; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->204<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->






<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>d-</B></TD><TD STYLE="text-align: justify"><B>Structured Entities</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Assessing whether the Group controls a
structured entity requires management to make, judgments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Management assesses its exposure to risks
and rewards, as well as its ability to make decisions and direct the relevant activities of such structured entity. Structured
entities controlled by the Group are subject to consolidation. The following elements were used to determine if the Group controls
a structured entity:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&bull; The purpose and design
of the trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&bull; Identification of relevant
activities of the trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&bull; Decision-making process
on these activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&bull; If the Group has the
power to direct the relevant activities of the trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&bull; If the Group is exposed
to, or has rights to, variable returns from its involvement with the trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&bull; If the Group has the
ability to affect those returns through its power over the trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>e-</B></TD><TD STYLE="text-align: justify"><B>Income tax and deferred tax</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A significant level
of judgment is required to determine current and deferred tax assets and liabilities. Current income tax is measured at the amount
expected to be paid while deferred income tax is measured based on the temporary differences between the carrying amount of assets
and liabilities and their tax base, at the rates expected to be in force at the time of reversal of such differences.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A deferred tax asset
is recognized when future taxable income is expected to exist to offset such temporary differences, based on management&rsquo;s assumptions
about the amounts and timing of such future taxable income. Then, management needs to determine whether deferred tax assets are
likely to be used and offset against future taxable income. Actual results may differ from these estimates, for instance, due to
changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Future taxable income and
the number of tax benefits likely to be available in the future are based on a medium-term business plan prepared by management on the
basis of reasonable expectations.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Results of Operations for the Years Ended December&nbsp;31,
2020 and 2019</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We discuss below our results of operations for the year ended December&nbsp;31,
2020 as compared with our results of operations for the year ended December&nbsp;31, 2019. We expressly state that our results of operations
for the year ended December 31, 2019 as compared with our results of operations for the year ended December 31, 2018 is hereby incorporated
by reference to  &ldquo;<I>Item 5.A - Operating Results</I>&rdquo; of the<A HREF="https://www.sec.gov/Archives/edgar/data/1517399/000110465920054569/tm2011881-1_20f.htm" STYLE="-sec-extract: exhibit"> Form 20-F for the year ended December 31, 2019 filed by us with the Securities and Exchange Commission under the file number 001-37777.</A></P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Selected Ratios</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">SELECTED RATIOS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 59%; text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Return on average equity <SUP>(1)</SUP>  </FONT></TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">10.2</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">(9.2</TD><TD STYLE="width: 2%; font-weight: normal; font-style: normal; text-align: left">)%</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: normal; font-style: normal; text-align: right">(16.2</TD><TD STYLE="width: 2%; font-weight: normal; font-style: normal; text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Return on average assets <SUP>(2)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Net Interest Margin <SUP>(3)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">21.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">21.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">17.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
</TABLE>

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


<!-- Field: Page; Sequence: 215; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->205<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt; width: 61%"><FONT STYLE="font-size: 10pt">Net Fee Income Ratio <SUP>(4)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 10%">18.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 10%">20.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: normal; font-style: normal; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right; width: 10%">20.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left; width: 1%">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Efficiency Ratio <SUP>(5)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">64.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">60.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">55.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Cost/assets <SUP>(6)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">11.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">9.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Basic earnings per share (in Pesos) <SUP>(7)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(6.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(13.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Diluted earnings per share (in Pesos)  </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">N/A</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">N/A</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">N/A</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Basic earnings per share (in U.S.$.) <SUP>(8)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">0.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(0.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(0.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Diluted earnings per share (in U.S.$.) <SUP>(8)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">N/A</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">N/A</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">N/A</FONT></TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Liquidity and Capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Loans to Total Deposits <SUP>(9)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">63.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">106.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">86.6</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Total Equity / Total Assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">14.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">15.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Pro forma Consolidated Capital / Risk weighted assets <SUP>(10)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">14.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">14.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Pro forma Consolidated Tier1 Capital / Risk weighted assets <SUP>(10)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">13.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">11.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">12.9</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">LCR Pro forma<SUP>(10)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">111.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">150.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">173.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Risk Weighted Assets/Assets <SUP>(10)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">69.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">64.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">34.3</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Asset Quality</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Non-performing loans as a percentage of Total Loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Allowances as a percentage of Total Loans </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">6.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Cost of risk <SUP>(11)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.7</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Cost of risk, net <SUP>(12)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">5.1</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.5pt; padding-left: 7.5pt"><FONT STYLE="font-size: 10pt">Coverage Ratio<SUP>(13)</SUP>  </FONT></TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">208.8</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">96.0</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">147.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Other Data </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Dividends paid to ordinary shares (Ps.million)  </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">530,065</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">634,568</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">687,687</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -7.5pt; padding-left: 7.5pt">Dividends paid to the preferred shares (Ps.million) </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.5pt; padding-left: 7.5pt">Dividends per common share (Ps.) </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.2</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.4</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1.5</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -7.5pt; padding-left: 7.5pt">Dividends per preferred share (Ps.) </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Attributable comprehensive income divided by average shareholders&rsquo; equity, calculated on
a daily basis and measured in local currency.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Attributable Comprehensive Income divided by average assets, calculated on a daily basis and measured
in local currency.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Net interest income + Net income from financial instruments at fair value through profit or loss
+ <FONT STYLE="font-size: 10pt">Result from derecognition of assets measured at amortized cost</FONT> + Exchange rate differences
on gold and foreign currency, divided by average interest-earning assets. Since 2019, the Net Interest Margin ratio (&ldquo;NIM&rdquo;)
also includes the exchange rate differences and net gains or losses from currency derivatives representing more accurately our
financial margin and spreads. This ratio coincides with the net financial margin ratio published in previous years (now renamed
as NIM).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Net services fee income + Income from insurance activities divided by the sum of Net interest income
+ Net income from financial instruments at fair value through profit or loss + <FONT STYLE="font-size: 10pt">Result from derecognition
of assets measured at amortized cost</FONT> + Exchange rate differences on gold and foreign currency, net Services fee income,
Income from insurance activities, etc.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Personnel, Administrative expenses and Depreciation &amp; Amortization divided by the sum of Net
interest income + Net income from financial instruments at fair value through profit or loss + <FONT STYLE="font-size: 10pt">Result
from derecognition of assets measured at amortized cost</FONT> + Exchange rate differences on gold and foreign currency, net Services
fee income, Income from insurance activities and Other net operating income.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">Administration expenses divided by average assets, calculated on a daily basis.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify">Basic earnings per share (in Pesos) are based upon the weighted average of Grupo Supervielle&rsquo;s
outstanding shares, which were Ps456.7 million for the year ended December 31, 2020, and Ps.456.7 million for the years ended December
31, 2019 and 2018.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(8)</TD><TD STYLE="text-align: justify">Peso amounts have been translated into U.S. dollars at the reference exchange rate reported by
the Central Bank as of December 31, 2020 which was Ps.84.15 to U.S.$1.00.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(9)</TD><TD STYLE="text-align: justify">Loans and Leasing before allowances divided by total deposits.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(10)</TD><TD STYLE="text-align: justify">For the calculation of these line items, see &ldquo;Item 4.B &ndash; Business Overview &ndash;
Banking Regulation and Supervision.&rdquo; Proforma ratios include the liquidity retained at the holding company (Grupo Supervielle)
level, which are available for future capital injections to our subsidiaries in order to fund our growth strategy.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(11)</TD><TD STYLE="text-align: justify">Loan loss provisions divided by average loans, calculated on a daily basis.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(12)</TD><TD STYLE="text-align: justify">Loan loss provisions including recovered loan loss provisions divided by average loans, calculated
on a daily basis.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(13)</TD><TD STYLE="text-align: justify">Allowances for loan losses divided by non-performing
loans.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 216; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->206<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attributable Comprehensive Income and Attributable
Net Income</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Grupo
    Supervielle S.A.</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, Times, Serif; text-align: center"><DIV STYLE="font-family: Times New Roman, Times, Serif; padding: 0in 0in 1pt; border-bottom: Black 0.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>As
                                            of December 31,</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P> </DIV></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Change
    December 31,</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2020</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2019</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2020/2019</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Ps.</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ps.</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>%</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 61%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Consolidated
    Income Statement Data</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest
    income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">64,699,880</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">60,983,625</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.1</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest
    expenses</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(28,578,388</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(47,531,377</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(39.9</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    interest income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">36,121,492</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">13,452,248</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">168.5</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    income from financial instruments at fair value through profit or loss</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,315,582</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">28,536,382</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(88.4</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Result
    from derecognition of assets measured at amortized cost</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">657,019</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Exchange
    rate difference on gold and foreign currency</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,064,545</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(441,191</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(341.3</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">NIFFI
    and Exchange Rate Differences</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">5,037,146</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">28,095,191</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(82.1</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    Financial Income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">41,158,638</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">41,547,439</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(0.9</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Commissions
    income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">11,493,824</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">11,707,556</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1.8</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Commissions
    expense</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(3,548,269</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(3,054,954</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.1</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Income
    from insurance activities</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,671,455</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,896,923</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(11.9</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    Service Fee Income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">9,617,010</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">10,549,525</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(8.8</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sub
    Total</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">50,775,648</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">52,096,964</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2.5</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other
    operating income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,779,451</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,751,037</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0.8</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Result
    from exposure to changes in the purchasing power of the currency</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(4,290,328</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(7,296,543</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">41.2</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Loan
    loss provisions</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(8,615,060</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(10,533,018</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(18.2</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    Operating Revenue</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">41,649,711</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">38,018,440</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.6</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Personnel
    expenses</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(18,176,866</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(19,283,346</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(5.7</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Administration
    expenses</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(10,318,557</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(10,310,666</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">0.1</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Depreciations
    and impairment of premises and equipment</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,407,028</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,470,504</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2.6</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other
    operating expenses</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(6,574,779</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(8,656,215</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(24.0</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Operating
    income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,172,481</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,702,291</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>N.R.</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Results
    before taxes from continuing operations</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,172,481</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,702,291</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>N.R.</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Income
    tax</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(671,707</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(229,663</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">192.5</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    Income for the year</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,500,774</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,931,954</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(219.4</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    income for the year attributable to parent company</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,499,882</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,929,201</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(219.5</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
    income for the year attributable to non-controlling interest</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">892</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,753</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(132.4</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
    Other Comprehensive Income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">803,693</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(65,123</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">-1334.1</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other
    comprehensive income attributable to parent company</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">802,914</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(64,940</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">-1336.4</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other
    comprehensive income attributable to non-controlling interest</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">779</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(183</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">-525.7</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
    Comprehensive Income</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,304,467</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,997,077</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(243.6</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
    comprehensive income attributable to parent company</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,302,796</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,994,141</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(243.7</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
    comprehensive income attributable to non-controlling interest</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,671</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2,936</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(156.9</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Return
    on Average Shareholders&rsquo; Equity</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.2</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(9.2</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Return
    on Average Assets</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1.1</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">)%</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable comprehensive
income in 2020 amounted to a Ps.4.3 billion gain, as compared to a Ps.3.0 billion loss in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable net income
in 2020 amounted to a Ps.3.5 billion gain, as compared to a Ps.2.9 billion loss in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">ROAA and ROAE were
1.4% and 10.2%, respectively, in 2020, as compared to (1.1%) and (9.2%), respectively, in 2019.</P>

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


<!-- Field: Page; Sequence: 217; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->207<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">2020 compared to 2019</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, attributable
comprehensive income amounted to a Ps.4.3&nbsp;billion gain, compared to a Ps.3.0&nbsp;billion loss in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The main factors explaining
the performance improvement were:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.3.0&nbsp;billion decrease in result from exposure to changes in the purchasing power of the
currency to Ps.4.3 billion in 2020, compared to Ps.7.3&nbsp;billion in 2019;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.2.1 billion decrease in Other expenses, net to Ps.2.8 billion from Ps.4.9 billion in 2019;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.1.9 billion decrease in Loan Loss Provisions to Ps.8.6 billion from Ps.10.5 billion in 2019;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a
Ps.1.2 billion decrease in personnel and administrative expenses and Depreciation and Amortization (D&amp;A) to Ps.30.9 billion from Ps.32.1
billion in 2019; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.803.7&nbsp;million gain in other comprehensive income compared to Ps.65.1&nbsp;million loss
in 2019.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">These factors
were partially offset by:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.707.0&nbsp;million decrease in net services fee income, to Ps.7.9&nbsp;billion from Ps.8.7&nbsp;billion
in 2019;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.442.0 million increase in income tax expenses to Ps.671.7 million from Ps.229.7 million in
2019;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.388.8&nbsp;million decrease in net financial income, to Ps.41.2&nbsp;billion from Ps.41.5&nbsp;billion
in 2019; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">a Ps.225.5 million decrease in income from insurance activities, to Ps.1.7&nbsp;billion from Ps.1.9&nbsp;billion
in 2019</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Net Financial Income (Net Interest Income (NII), Net
Income from Financial Instruments (NIFFI) and Exchange Rate Differences on Gold and Foreign Currency)</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Net Financial Income</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Net financial income
in 2020 amounted to Ps.41.2 billion and net interest margin (NIM) was 21.5%, compared to Ps.41.5 billion, and 21.0%, respectively,
in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NIM in 2020 reflects
(i) a higher proportion of average Peso Interest Earning Assets on total average Interest Earning Assets. NIM in Ps. decreased
to 22.6% form 28.2% mainly due to higher proportion of average balance of Ps. investment portfolio on total average Peso Interest
Earning Assets compared to 2019 reflecting higher average holdings in Central Bank LELIQs and Repo transactions to take advantage
of higher spreads as average cost of funds decreased 1,500 bps. Loan portfolio NIM in Pesos increased by 170 bps to 25.9% from
24.2% mainly due to the decrease in cost of fund, partially offset by weak credit demand, higher credit cards volumes related to
government sponsored programs, &ldquo;Ahora 12&rdquo; and &ldquo;Previaje,&rdquo; iii) lower yields on loans following the decrease
in market interest rates and also due to credit lies granted to SMEs at preferential interest rates. Since April 2020, the Central
Bank ruled a minimum floor on interest rates paid on time deposits reducing the deceleration of the Cost of Funds along the year.</P>

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


<!-- Field: Page; Sequence: 218; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->208<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Breakdown Net Interest Income, NIFFI,
Result from derecognition of assets measured at amortized cost and Exchange Rate Differences</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>%</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 21%; text-align: left">Net Interest Income </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">36,121,492</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">13,452,248</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">168.5</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left">NIFFI, Result from derecognition of assets measured at amortized cost and Exchange Rate differences </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,037,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,095,191</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(82.1</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,158,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,547,439</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(0.9</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
</TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">NIM by currency</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(in percentages)</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Net Interest Margin Breakdown</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; font-weight: bold; text-align: left">Total NIM </TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">21.5</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">%</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">21.0</TD><TD STYLE="width: 3%; font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Ps.NIM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>U.S.$NIM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3.4</TD><TD STYLE="text-align: left">)%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Loan Portfolio NIM </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">21.6</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18.7</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Ps.NIM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>U.S.$NIM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Investment Portfolio NIM </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23.1</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18.6</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Ps.NIM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>U.S.$NIM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">101.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(68.7</TD><TD STYLE="text-align: left">)%</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since 2019, the NIM
also includes the exchange rate differences and net gains or losses from currency derivatives representing more accurately our
financial margin and spreads. This ratio coincides with the net financial margin ratio published until 2018 (now renamed as NIM).</P>

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


<!-- Field: Page; Sequence: 219; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->209<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Net Interest Income</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Net interest income in 2020 totaled Ps.36.1 billion, a 168.5% increase
from the Ps.13.5 billion recorded in 2019. Year-on-year comparisons were impacted by the change in the business model and therefore in
the classification and accounting methodology for all new Central Bank Securities and sovereign bonds acquired by the Group in 2020. In
2020, yield from investments in Central Bank securities has been recorded in NII following the Fair value through other comprehensive
income methodology. Previously, when those securities were classified as Held for trading securities, yields from those investments were
recorded in NIFFI following the Fair value through profit or loss accounting methodology while deposits to fund those marginal investments
were reflected in Net Interest Income.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Excluding the results
from Central Bank and government securities, Net Interest Income was impacted by the weak credit demand in 2020, volumes on government
sponsored purchasing programs at a subsidized rate, and a decline in the commercial loan portfolio yield impacted by government
sponsored credit lines granted to SMEs at a preferential interest rate and floor rates on Time Deposits since April 2020. This
was partially offset by the 1,340 bps decrease in Cost of funds following the decrease in the average market interest rates.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">i) Interest Income</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest income in
2020 totaled Ps.64.7 billion, a 6.1% increase from the Ps.61.0&nbsp;billion recorded in 2019, primarily due to yields from investments
in Central Bank securities at fair value through other comprehensive income recorded in NII as available for sale while in previous
year yields from investments in Central Bank securities were recorded in NIFFI following the fair value through profit or loss
accounting methodology. This was partially offset by the 19.7% decrease in average balance of loans, while interest on loans decreased
528 basis points following the decrease in market interest rates and loans granted at subsidized and/or preferential rates under
the government sponsored programs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our interest income
was comprised of the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>Ps.</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>Ps.</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>%</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 21%">Interest on overdrafts </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">2,678,469</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">6,217,172</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">(56.9</TD><TD STYLE="text-align: left; width: 1%">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on promissory notes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,226,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,002,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(22.2</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on personal loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,173,544</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,584,460</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19.4</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on corporate unsecured loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,981,812</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,360,682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28.5</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on credit cards loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,818,628</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,555,201</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(41.7</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on mortgage loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,994,607</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,148,348</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(22.4</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on automobile and other secured loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">738,403</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">943,454</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(21.7</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on foreign trade loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,453,129</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,356,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(38.3</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on leases </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">704,408</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,537,851</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(54.2</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on government and corporate securities measured at amortized cost </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,524,157</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Other </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,406,339</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,277,419</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3.0</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">64,699,880</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">60,983,625</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6.1</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
</TABLE>

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


<!-- Field: Page; Sequence: 220; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->210<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth our yields on interest-earning assets:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year ended December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR>
 Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR>
 Nominal <BR>
Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Nominal <BR>
Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest-Earning Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Investment Portfolio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 16%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Government and Corporate Securities </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">14,065,519</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">42.8</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">15,420,527</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">17.5</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Securities Issued by the Central Bank </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,584,764</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,141,175</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Total Investment Portfolio </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>61,650,283</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>38.7</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>%</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>56,561,702</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>49.8</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>%</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Loans to the Financial Sector </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">756,381</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Overdrafts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,633,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,537,781</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Promissory Notes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,838,492</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,720,435</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Mortgage loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,646,858</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,186,422</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Automobile and Other Secured Loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,591,768</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,513,711</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Personal Loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,244,137</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,223,272</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Corporate Unsecured Loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,479,098</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,778,530</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credit Card Loans </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,077,757</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,664,402</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Receivables from Financial Leases </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,686,050</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">19.1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,043,733</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">25.4</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Loans excl. Foreign trade and U.S.$.loans </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">92,408,272</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41.5</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">105,424,667</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">51.8</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Foreign Trade Loans and U.S.$.loans </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">20,168,862</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,697,331</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.8</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Loans </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">112,577,134</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">140,121,996</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Repo transactions </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,983,342</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">25.6</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,336,898</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">60.8</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Interest-Earning Assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">191,210,759</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35.6</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">198,020,596</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">43.4</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The average balance
of loans excluding foreign trade loans and U.S. dollars loans totaled Ps.92.4&nbsp;billion in 2020, representing a 12.3% decrease
from Ps.105.4&nbsp;billion in 2019. The decrease in the average balance of our total loan portfolio (excluding foreign trade loans
and U.S. dollar loans) is mainly explained by the following changes in average balance portfolio: (i) 32.0% or Ps.10.0&nbsp;billion
decrease in personal loans, (ii) 30.4% or Ps.2.9&nbsp;billion decrease in overdraft, and (iii) 39.0% or Ps.2.4&nbsp;billion decrease
in receivable from financial leases. These were partially offset by 18.3% or Ps. 2.7 billion increase in corporate unsecured loans
and 16.7% or Ps. 2.1 billion increase in promissory notes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest on public
and corporate securities measured at amortized cost amounted to Ps.20.5&nbsp;billion in 2020. This line item <FONT STYLE="background-color: white">mainly
reflects results</FONT> from investments in securities <FONT STYLE="background-color: white">held to maturity or a</FONT>vailable
for <FONT STYLE="background-color: white">s</FONT>ale<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 221; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->211<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The average interest
rate on total loans (excluding foreign trade loans and U.S. dollar loans) decreased to 41.5% in 2020 from 51.8% in 2019. Average
BADLAR decreased 1,970 basis points in 2020 to 29.7% compared to 48.7% in 2019.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">ii) Interest Expenses</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our Interest expenses
were comprised of the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Change December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.4pt; width: 41%; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt"><B>Ps.</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; width: 10%">Ps.</TD><TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt"><B>%</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on special checking accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,325,123</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,182,612</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(22.7</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on time deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,574,998</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,030,921</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(27.6</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on other liabilities from financial transactions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,285,959</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,472,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(78.2</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest on financing from the financial sector </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,834</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">373,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(73.0</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">291,474</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,471,921</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(80.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">28,578,388</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47,531,377</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(39.9</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest expenses for
2020 totaled Ps.28.6 billion, a 39.9% decrease from Ps.47.5 billion for 2019. This decrease was due to the 1,340 basis points decrease
in the average rate of interest bearing liabilities rate, although minimum floor on interest rates on time deposits reduced the
decrease in Cost of Funds along the year, while the average balance of interest-bearing liabilities decreased 1.1% and the average
balance of total low and non-interest bearing deposits decreased 12.7% or Ps. 9.7 billion to Ps.66.8 billion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other financial expenses
in 2020 totaled Ps.291.5 million, compared to Ps.1.5 billion in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth our yields on interest-bearing liabilities:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR>
 Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Nominal <BR>
Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Nominal <BR>
Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest-Bearing Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 16%; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Special Checking Accounts </TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">40,167,184</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">15.7</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">%</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">34,264,474</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">23.9</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Ps. Savings Accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,600,583</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,274,728</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Fx Savings Accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,566,601</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,989,746</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time Deposits </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">71,509,505</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27.4</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">63,863,152</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42.3</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Ps. Time Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,111,639</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,979,526</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Fx Time Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,397,866</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,883,626</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Borrowings from Other Financial Instruments and Unsubordinated Negotiable Obligations </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,418,940</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,484,398</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Subordinated Loans and Negotiable Obligations </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,127,211</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,000,494</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
</TABLE>

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


<!-- Field: Page; Sequence: 222; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->212<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average<BR>
 Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Nominal <BR>
Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Nominal <BR>
Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 16%">Total Interest-Bearing Liabilities </TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 8%">129,222,840</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 8%">22.0</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">%</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 8%">130,612,518</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 8%">35.4</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Low and Non-Interest Bearing Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Savings Accounts </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">39,485,774</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.1</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">43,817,323</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.2</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Ps. Savings Accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,852,328</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,705,198</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Fx Savings Accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,633,446</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,112,125</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Checking Accounts </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27,297,175</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">32,656,585</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Ps. Checking Accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,448,014</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,570,858</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Fx Checking Accounts </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,849,161</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,085,727</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Low and Non-Interest Bearing Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,782,949</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">76,473,908</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Interest-Bearing Liabilities and Low and Non-Interest Bearing Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">196,005,789</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">207,086,426</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22.4</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>
<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Average balance of
our interest-bearing liabilities in 2020 totaled Ps.129.2 billion, compared to Ps. 130.6 billion in 2019. The Ps.1.4 billion decrease
was explained by: i) a 47.7% decrease to Ps.14.1 billion in the average balance of our borrowings from other financial institutions,
ii) a 12.0% increase to Ps.71.5 billion in the average balance of time deposits and iii) a Ps.5.9 billion or 17.2% increase in
average balance of interest-bearing special checking accounts to Ps.40.2 billion from Ps.34.3 billion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Average balance of our low or non-interest-bearing deposits in 2020
totaled Ps.66.8 billion, compared to Ps.76.5 billion in 2019. This decrease was mainly due to (i) a 59.4% or Ps. 19.7 billion decrease
in Average balance of our U.S. dollar low or non-interest-bearing deposits, while Average balance of our Ps. low or non-interest-bearing
deposits increased 23.2% or Ps. 10.0 billion to Ps. 53.3 billion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Out of our total average
interest-bearing deposits of Ps.151.2 billion in 2020, Ps.25.6 billion were U.S. dollar-denominated deposits and Ps.125.6 billion
were Peso-denominated, compared to Ps.43.0 billion and Ps.99.0 billion, respectively, in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Out of our total average
non-interest-bearing deposits of Ps.27.3 billion for 2020, Ps. 1.8 billion were U.S. dollar-denominated deposits and Ps.25.4 billion
were Peso-denominated deposits, compared to Ps.12.1 billion and Ps.20.6 billion, respectively, in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The average rate paid
on interest-bearing liabilities and low or non-interest-bearing deposits for 2020 was 14.5%, 780 basis points below the 22.4% average
rate for 2019. For 2020, Peso-denominated time deposits accrued interest at an average rate of 29.5%, 1,860 basis points below
the 48.1% average interest rate accrued in 2019. In 2020, U.S. dollar-denominated time deposits accrued interest at an average
rate of 1.5%, 20 basis points above the 1.3% average interest rate accrued in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our average balance
of borrowings from other financial institutions and unsubordinated negotiable obligations in 2020 was Ps.15.4 billion, compared
to Ps.29.5 billion in 2019. The average cost of borrowings from other financial institutions and unsubordinated negotiable obligations
decreased 2,130 basis points to 15.5% in 2020, from 36.8% in 2019, reflecting the decline in the Badlar rate.</P>

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




<!-- Field: Page; Sequence: 223; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->213<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our average balance
of subordinated loans and subordinated negotiable obligations in 2020 was Ps.2.1 billion, compared to Ps.3.0 billion in 2019. The
average rate of subordinated negotiable obligations (denominated in U.S. dollars or U.S. dollar-linked) was 6.7% in 2020, compared
to 6.2% in 2019.</P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth interest bearing deposits by denomination:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest<BR>
 Paid</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average Nominal Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average <BR>
Balance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest <BR>
Paid</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average Nominal Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Savings accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 16%; text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">27,852,328</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">38,450</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">0.1</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">22,705,198</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">82,889</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">0.4</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,633,446</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,129</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,112,126</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,071</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">39,485,774</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,579</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.1</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">43,817,323</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">88,960</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.2</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Special checking accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,600,583</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,301,439</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,274,728</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,132,562</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,566,601</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,989,746</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,049</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">40,167,184</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6,325,123</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">15.7</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">34,264,473</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,182,612</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23.9</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,111,639</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,496,600</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,979,526</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,926,870</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,397,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">78,398</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,883,626</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">104,051</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">71,509,506</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">19,574,998</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27.4</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">63,863,152</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27,030,920</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42.3</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total by currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Pesos </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,564,549</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,836,489</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">98,959,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,142,321</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">Dollars </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,597,914</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,211</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,985,498</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,171</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Deposits </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">151,162,464</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">25,941,700</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">17.2</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">141,944,949</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35,302,492</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24.9</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">iii) Net Income from financial instruments, Result
from recognition of assets measured at amortized cost and Exchange rate differences</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Net income from financial instruments at fair value through profit
or loss, result from derecognition of assets measured at amortized cost and exchange rate differences for 2020 totaled Ps.5.0 billion,
compared to Ps.28.1 billion recorded in 2019. Year-on-year comparisons were impacted by the change in the classification and therefore
accounting methodology for all new Central Bank Securities and sovereign bonds acquired by the Company in 2020. In 2020, yield from investments
in Central Bank securities has been recorded in NII following the Fair value through other comprehensive income methodology. Previously,
when those securities were classified as Held for trading securities, yields from those investments were recorded in NIFFI following the
Fair value through profit or loss accounting methodology while deposits to fund those marginal investments were reflected in Net Interest
Income.</P>

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


<!-- Field: Page; Sequence: 224; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->214<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Income from government
and corporate securities totaled Ps. 3.0 billion a 43.8% increase from Ps. 2.1 billion in 2019. This was due to 42.8% yield on
these securities compared to 17.5% in 2019, while average balance decreased 8.8%.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ps.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ps.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income from financial instruments at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 54%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income from government and corporate securities </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,999,989</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,086,183</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income from securities issued by the Central Bank </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">135,491</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,478,678</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Term operations </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">180,101</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">971,521</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,315,582</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">28,536,382</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Result from derecognition of assets measured at amortized cost </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">657,019</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exchange rate difference on gold and foreign currency </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,064,545</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(441,191</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,037,146</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">28,095,191</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo&nbsp;Supervielle&nbsp;S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ps.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ps.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 54%; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Financial income from U.S. dollar operations </TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">1,285,180</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">(425,223</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.2in">NIFFI </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">854,571</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(595,047</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.3in">U.S. dollar Government Securities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">674,470</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,566,568</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.3in">Term Operations </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">180,101</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">971,521</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.2in">Interest Income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">430,609</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">169,824</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.3in">U.S. dollar Government Securities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">430,609</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">169,824</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exchange rate differences on gold and foreign currency </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,064,545</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(441,191</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total (Loss) Income from U.S. dollar operations </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,349,725</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(866,414</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total income from U.S.
dollar operations for 2020 totaled Ps.2.3 billion gain, compared to Ps.866.4 million loss recorded in 2019. This is mainly explained
by, trading gains from US$ linked government securities, gains on foreign currency position due to the long FX position of the
Bank&rsquo;s treasury and, to a lesser extent, FX trading spreads across all customers segments. 2019 loss reflected the mark to
market accounting of short-term U.S. dollar local treasury notes held by us following the debt reprofiling announced by the Argentine
government in August 2019. Between October and December 2019, these instruments partially recovered the initial decline in prices.
Also, these were partially offset by higher foreign currency trading with retail and institutional customers.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">iv) Result from exposure to changes in the purchasing
power of money</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

<!-- Field: Page; Sequence: 225; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->215<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Result from exposure
to changes in the purchasing power of the currency for 2020 totaled a Ps.4.3 billion loss, from the Ps.7.3 billion loss recorded
in 2019. This reflects the loss in the purchasing power of the currency to which our net monetary assets are exposed as a result
of the 36.1% and 53.8% increase in consumer price index in 2020 and 2019, respectively, together with a lower proportion of net
monetary assets in 2020 than in 2019.</P>


<!-- Field: Page; Sequence: 226; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->216<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Loan Loss Provisions</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Throughout 2020, we updated
and enhanced our expected loss models to adjust for the current economic outlook, included additional macroeconomic variables and updated
its top-down analysis on specific industries that could continue to be highly impacted by the COVID-19 pandemic. As of December 31, 2020,
the Group had COVID-19 specific anticipatory provisions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Loan loss provisions
totaled Ps.8.6 billion in 2020, an 18.2% decrease compared to Ps.10.5 billion in 2019. Provisions in 2019, had been impacted due
to the challenging macroeconomic environment since 2018, and certain commercial loans that became delinquent along the year 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Loan loss provisions
include the expected losses for each portfolio and segment, based on past performance and current conditions as of the financial
statements date. The increase in delinquency also requires expected losses to be measured for the whole life of each loan, instead
of accounting for expected losses during a 12-month period. This increases significantly the probability of default for loans with
a maturity of more than 1 year. For further information, see &ldquo;<I>Item 4.D &ndash; Selected Statistical Information&mdash;Amounts
past due loans and other financing</I>.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In response to the
COVID-19 pandemic and in order to mitigate the economic impact, the Argentine government has adopted social aid, monetary and fiscal
measures. Among those measures, the Central Bank established rules regarding the criteria for debtor classification and provisioning
until December 31, 2020, then these rules were extended through Communication &ldquo;A&rdquo; 7181 until March 31, 2021. These
rules provide an additional 60-day period of non-payment before a loan is required to be classified as non-performing and include
all financings to commercial portfolio clients and loans granted for consumption or housing purposes. At the same time, the Central
Bank ruled the suspension of the mandatory reclassification of debtors who are delinquent in other banks. At the same time, the
Central Bank ruled several relief programs which allowed debtors to reschedule their loan payments originally maturing between
April 2020 and March 2021, together with the automatic rescheduling of unpaid credit card balances due April and September 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Coverage ratio increased
to 208.8% from 96% as of December 31, 2019. The increase in coverage starting from the first quarter of 2020 reflects provisions made
in advance of potential deterioration arising from the COVID-19 impacts and the weak macro environment, and benefits from the Central
Bank regulatory easing, in place since first quarter of 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The total NPL ratio was 3.7%
as of December 31, 2020, decreasing by 374 bps from 7.4% as of December 31, 2019. In 2020, NPL benefitted from the above-mentioned relief
programs ruled by the Central Bank amid the pandemic and the Central Bank regulatory easing on debtor classifications.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NPL ratio reflects: i) a
200 bps decrease in Corporate Segment NPL, ii) a 227 bps decrease in Personal and Business Banking Segment NPL, and iii) a 1,280 bps
decrease in Consumer Finance Segment. All segments&rsquo; NPL ratio benefit from the above-mentioned relief programs implemented by the
Central Bank amid the pandemic outbreak. Also, Personal &amp; Business Banking Segment NPL and Consumer finance Segment NPL, benefit
from the regulatory easing on debtor classification since March 2020. The Consumer Finance segment NPL ratio improvement also reflects
the measures taken by the Company in the past two years in terms of tightening credit scoring standards and making changes in the collection
process.</P>


<!-- Field: Page; Sequence: 227; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->217<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As above mentioned, starting
April 2020, the Argentine Central Bank established certain automatic Deferral Programs amid the COVID-19 pandemic, both for credit cards
and for loans:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><U>Credit Cards</U>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">a. Through Communication
 &ldquo;A&rdquo; 6964 the Central Bank ruled that all unpaid balances of credit card statements due between April 13 and April 30,
2020, should be automatically rescheduled in nine equal consecutive monthly installments beginning after a 3-month grace period.
Interest rates on such unpaid balances should not exceed an annual nominal rate of 43%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">b. Through Communication
 &ldquo;A&rdquo; 7095, the Central Bank determined that the unpaid balances of credit card financings due between September 1 and
September 30, 2020 should be automatically rescheduled in nine equal consecutive monthly installments beginning after a 3-month
grace period. Interest rates on such unpaid balances may not exceed an annual nominal rate of 40%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><U>Loans</U>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Through Communication
 &ldquo;A&rdquo; 6949, the Central Bank rescheduled unpaid payments on loans maturing between April 1 and June 30, 2020 and suspended
the accrual of punitive interests on loans. Any unpaid installment is automatically rescheduled after the final maturity of the
loan and at the same interest rate of the loan. This disposition affects all loans to individuals and companies and all products
such as personal loans, mortgage loans, car loans, leasing, etc. This rule was extended three consecutive times, first, through
Communication &ldquo;A&rdquo; 7044 to those loans maturing between July and September 31, 2020, then through Communication &ldquo;A&rdquo;
7107, this was extended to those loans maturing between October and December 31, 2020 and recently through Communication &ldquo;A&rdquo;
7181 to those loans maturing between January and March 31, 2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December 31,
2020, 11% of total loan portfolio has been subject to an automatic rescheduling.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">1)</TD><TD STYLE="text-align: justify">Ps.10.4 billion of loans maturing between April and December 30, 2020, were automatically rescheduled
following Central Bank regulations, representing approximately 15% of total loans subject to automatic deferral.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Deferral of Loan Installments (% of total loans subject to deferral)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 32%; text-align: left">Individuals</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">12</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Commercial loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Consumer finance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">15</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Amount Rescheduled</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;Ps.10.4 billion</B></FONT></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 228; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->218<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">2)</TD><TD STYLE="text-align: justify">Ps.1.8 billion credit card balances have been deferred following Central Bank Communications &ldquo;A&rdquo;
6964 and &ldquo;A&rdquo; 7095.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; border-bottom: Black 0.5pt solid; margin-bottom: 0pt; text-align: center"><B>Deferral
of Credit Card Balance (As of December, 2020)&nbsp;</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>PS.
(in millions)</B>&nbsp;</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 32%; text-align: left">Individuals</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">1,205</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Consumer finance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">600</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,805</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">See changes in loan
loss provisions in Note 26. Loans and Other Financing of our audited consolidated financial statements.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Net Services Fee Income</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our net services fee
income was comprised of:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>(<I>In thousands of Pesos, except percentages</I>)</B></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 21%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Deposit Accounts </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,627,421</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,777,932</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(3.2</TD><TD STYLE="width: 1%; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Credit cards commissions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,413,407</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,944,787</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13.5</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Loan Related </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">164,852</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">401,370</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(58.9</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other commissions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,288,144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,583,467</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(27.3</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Services fee income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,493,824</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,707,556</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(1.8</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Exports and foreign currency transactions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(78,423</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(99,114</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(20.9</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Services fee paid </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,469,846</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,955,840</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(17.4</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Services fee expenses </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(3,548,269</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(3,054,954</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(16.1</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income from insurance activities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,671,455</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,896,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11.9</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Service Fee Income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,617,010</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,549,525</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(8.8</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Throughout 2020, the
Central Bank ruled certain restrictions on fee repricing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On February 19, 2020,
through Communication &ldquo;A&rdquo; 6912, the Central Bank stated that financial institutions should not communicate fee increases
nor new fees to users of financial services for 180 business days.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In response to the COVID-19
pandemic established the following measures:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i) on March 26, 2020, through
Communication &ldquo;A&rdquo; 6945, the Central Bank stated that until June 30, 2020, any transaction through ATMs would not be subject
to any charges or fees. Later on, this ruling was extended three consecutive times, first until September 30, then until December 31,
2020 and then until March 31, 2021, and (ii) on November 5, 2020, through Communication &ldquo;A&rdquo; 7158, the Central Bank ruled
that financial entities should not communicate repricing of fees on certain products related to Saving Accounts and Credit Cards until
February 2021.</P>


<!-- Field: Page; Sequence: 229; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->219<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Net services fee income
(excluding income from insurance activities) totaled Ps.7.9 billion in 2020, an 8.2% decrease compared to Ps.8.7 billion in 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The decrease in our
services fee income was driven mainly by:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">a decrease in fees from credit and debit cards impacted by the decline in the amount of transactions made
with credit and debit cards, together with the reduction in credit cards and debit cards merchant discount rates (&ldquo;MDR&rdquo;) set
for 2020. Pursuant to Communication &ldquo;A&rdquo; 6212, effective as of April 1, 2017, the Central Bank issued a program to gradually
reduce MDR on an annual basis. The maximum MDR for credit cards in 2019 was 1.65%, while since January 1, 2020 it was reduced to 1.50%.
The maximum debit card sales commissions for 2019 was 0.80% while since January 1, 2020 is 0.7%;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">a decrease in loan related fees reflecting the weak credit demand and some regulatory restrictions on
charging fees since the pandemic outbreak; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">a decrease in deposit account commissions (comprised principally of maintenance and transaction fees on
checking and savings accounts) impacted by the above-mentioned limitation to increase fees since February 2020. This was partially offset
by an increase in other operations related fees and other fees due to Asset Management and brokerage fees.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Services fee expenses
increased 16.1%, to Ps.3.5 billion in 2020, compared to Ps.3.1 billion in 2019, primarily due to higher commissions paid, while
fees paid on exports and foreign currency transactions decreased 20.9%, or Ps.20.7 million.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Income from insurance activities</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Income from insurance activities
amounted to Ps.1.7 billion in 2020, reflecting a 11.9% decrease from the Ps.1.9 billion recorded in 2019, reflecting very low levels of
sales in branches amid the pandemic restrictions. Gross written premiums measured in the unit at the end of the reporting period were
down 6.3% in 2020, while non-credit related policies decreased 5.1%.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Personnel and Administration Expenses</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth the components of our administrative expenses:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Change</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="10" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(<I>In thousands of Pesos, except percentages</I>)</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 31%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Salaries and social charges </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">16,682,917</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">16,902,763</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(1.3</TD><TD STYLE="width: 1%; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other personnel expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,493,949</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,380,583</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(37.2</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Personnel expenses </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18,176,866</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">19,283,346</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(5.7</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Directors&rsquo; and statutory auditors&rsquo; fees </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">341,532</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">382,328</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10.7</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other professional fees </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,043,958</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,385,391</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">119.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Advertising and publicity </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">688,705</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">737,956</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6.7</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Taxes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,857,970</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,000,527</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7.2</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Maintenance, security and services </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,823,341</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,351,755</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.1</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Leases </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72,050</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,446</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Other </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,491,001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,382,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(55.9</TD><TD STYLE="text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Administration Expenses </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,318,557</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,310,666</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.1</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Personnel and Administration Expenses </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">28,495,423</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">29,594,012</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(3.7</TD><TD STYLE="font-weight: bold; text-align: left">%)</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 230; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->220<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020 personnel expenses
amounted to Ps.18.2 billion, reflecting a 5.7% decrease from the Ps.19.3 billion recorded in 2019 mainly explained by 1.2% reduction
in the employee base resulting from the streamlining of operations implemented since 2019, while salary increases performed in
line with inflation levels. Excluding non-recurring severance and early retirement charges recorded in other personnel expenses
in 2020 and in 2019, personnel expenses would have decreased 1.7%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The number of our employees
was 5,021 compared to 5,084 as of December 31, 2019. See &ldquo;<I>Item 6. Directors, Senior Management and Employees&mdash;Employees&mdash;Compensation.</I>&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Administration expenses
totaled Ps.10.3 billion in 2020, remaining flat compared to Ps.10.3 billion recorded in 2019. This performance was primarily due
to (i) an increase in other professional fees (including audit, legal and other professional fees) to Ps.3.0 billion in 2020 from
Ps.1.4 billion in 2019 which includes additional expenses on ongoing projects to support our digital transformation, and (ii) a
Ps.471.6 million increase in other expenses including leases, security service expenses, maintenance and electricity, among others.
These were offset by Ps. 1.9 billion decrease in Other expenses to Ps.1.5 billion from Ps. 3.4 billion, a 7.1% or Ps.142.6 million
decrease in taxes which amounted to Ps.1.9 billion in 2020, and a 6.7% or Ps.49.3 million decrease in advertising and publicity
which amounted to Ps.688.7 million in 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, the efficiency
ratio was 64.4%, decreasing 350 basis points from 2019. This decrease was primarily explained by a 3.6% decrease in total personnel,
administration expenses and D&amp;A, while revenues increased 1.7%.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Other Income/(Expenses), Net</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We had other expenses,
net of Ps.2.8 billion for 2020, compared to Ps.4.9 billion in 2019. This line item mainly includes turnover taxes and other expenses
that in 2019 had been impacted by a provision to execute several strategic initiatives in different business segments and losses
from investment properties.</P>

<!-- Field: Page; Sequence: 231; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->221<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Other Comprehensive Income, net of tax</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other comprehensive
income, net of tax totaled Ps.803.7 million in 2020 compared to a net loss of Ps.65.1 million in 2019. This reflects mainly the
difference between the amortized cost and the market value of financial instruments held for investments and the revaluation of
properties.</P>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Income Tax</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As per the tax reform
passed by Congress in December 2017 and the amendment to Income Tax Law No. 20,628 (the &ldquo;Income Tax Law&rdquo;) passed in
December 2019, the corporate tax rate declined to 30% from 35% starting in fiscal year 2018, and should decline to 25% in fiscal
year 2022, while a withholding tax on dividends was created with a rate of 7% since 2018 and 13% commencing fiscal year 2022. In
addition, through the adoption of IFRS effective January 1, 2018, the Company began to recognize deferred tax assets and liabilities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additionally, as income
tax is paid by each subsidiary on an individual basis, tax losses in one legal entity cannot be offset by tax gains in another
legal entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The abovementioned
tax reform allowed the deduction of losses arising from exposures to changes in the purchasing power of the currency, only if inflation
as measured by the CPI issued by the INDEC would exceed the following thresholds applicable for each fiscal year: 55% in 2018,
30% in 2019 and 15% in 2020. For 2021 and subsequent periods, inflation must exceed 100% in 3 years on a cumulative basis in order
to deduct inflation losses. In 2018 the 55% threshold was not met, but in 2019 inflation widely exceeded 30%. Therefore, the income
tax provision since 2019 considers the losses arising from exposures to changes in the purchasing power of the currency, which
significantly lowered the income tax expense for the current year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For income tax return
purposes, one sixth (1/6) of the inflation losses that arose in the 2019 fiscal year were deductible in 2019, while the remaining
five sixths (5/6) will be deductible in each of the subsequent 5 years, commencing 2020. Accordingly, one sixth (1/6) of the inflation
losses reduced the 2019 income tax provision, while the other five sixths (5/6) created a deferred tax asset. Regarding 2020, one
sixth (1/6) of the inflation losses arising in the 2020 fiscal year is deductible in 2020, while the remaining five sixths (5/6)
will be deductible in each of the subsequent 5 years. Accordingly, one sixth (1/6) of the inflation losses reduce the current income
tax provision, while the other five sixths (5/6) create a deferred tax asset.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, the income
tax charge amounted to Ps.671.7 million compared to Ps.229.7 million in 2019. Permanent differences between inflation adjustment
for tax purposes and according to IAS 29 may arise, which increase or decrease the effective tax rate.</P>


<!-- Field: Page; Sequence: 232; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->222<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Results by Segments</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Our results by segments for the years ended
December&nbsp;31, 2020 and 2019 are shown in Note 3 to our audited consolidated financial statements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below sets forth
information regarding the financial statements and the results of our personal and business banking (former retail banking segment), corporate
banking, bank treasury, consumer finance, insurance and asset management and other services business segments for the years ended December&nbsp;31,
2020 and 2019.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest income </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">22,032,597</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">12,981,215</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">25,591,006</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">4,433,064</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">42,406</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">(380,408</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">64,699,880</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,181,916</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,073,707</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,395,101</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,367,357</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,587</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">466,280</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28,578,388</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Distribution of Income (Expense) for Treasury Funds(1) </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,409,620</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-6,389,960</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,980,340</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net interest income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">17,260,301</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,517,548</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,176,245</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,065,707</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">15,819</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">85,872</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">36,121,492</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income from financial instruments (NIFFI) at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,315,048</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">353,513</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162,716</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">340,840</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,315,582</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Result from derecognition of assets measured at amortized cost </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">688,793</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(31,774</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">657,019</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Exchange rate difference on gold and foreign currency </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">379,276</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">52,605</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">423,261</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">37,771</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(98</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">73,159</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">98,571</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,064,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">NIFFI and Exchange Rate Differences </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">379,276</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">52,605</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,427,102</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">181,236</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">353,415</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">235,875</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">407,637</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,037,146</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Financial Income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">17,639,577</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,570,153</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,603,347</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,246,943</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">353,415</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">251,694</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">493,509</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,158,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Services fee income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,464,407</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">672,282</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,634</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,133,202</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,584,304</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(420,005</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,493,824</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Services fee expense </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,453,402</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(192,364</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(59,759</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(762,313</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(50,754</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29,677</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,548,269</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Income from insurance activities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,454,204</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">217,251</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,671,455</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Net Service Fee <BR> Income </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>5,011,005</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>479,918</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(125</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,370,889</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,454,204</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,533,550</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(232,431</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>9,617,010</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Subtotal </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">22,650,582</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6,050,071</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,603,222</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,617,832</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,807,619</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,785,244</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">261,078</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">50,775,648</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Result from exposure to changes in the purchasing power of money </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,078,519</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,274,193</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(269,124</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(887,134</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(381,065</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(253,338</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(146,955</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,290,328</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other operating income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,531,510</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,518,644</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">253,278</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">364,527</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,498</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">233,704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(132,710</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,779,451</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Loan loss provisions </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,365,418</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,370,120</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,097</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(886,996</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,571</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,615,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Operating Income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18,738,155</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,924,402</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,583,279</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,208,229</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,437,052</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,777,181</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-18,587</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,649,711</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Personnel expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,284,682</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,271,081</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(930,606</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,713,808</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(317,809</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(540,802</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(118,078</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(18,176,866</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Administration expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,431,135</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(508,923</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(462,356</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,463,065</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(264,086</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(458,159</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">269,167</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,318,557</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Depreciations and impairment of non-financial assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,924,361</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(144,156</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(108,498</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(135,823</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(20,761</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,497</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(62,932</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,407,028</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other operating expenses </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,834,606</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,255,478</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(736,566</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(602,415</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,826</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(103,867</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(40,021</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,574,779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Subtotal </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(7,736,629</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(255,236</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,345,253</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(706,882</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">832,570</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">663,856</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">29,549</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,172,481</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income for subsidiaries and joint ventures </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,456</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,456</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income/(loss) before&nbsp;&nbsp;&nbsp;taxes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,736,629</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(255,236</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,345,253</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(700,426</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">832,570</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">663,856</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,093</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,172,481</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income tax </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,380,576</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">75,324</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,219,977</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">122,886</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(294,523</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(262,820</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">526,827</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(671,707</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Net loss for the year </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(6,356,053</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(179,912</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>9,125,276</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(577,540</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>538,047</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>401,036</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>549,920</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>3,500,774</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income (loss) for the year attributable to owners of the parent company </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6,356,053</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(179,912</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,125,276</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(577,540</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">538,047</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">401,036</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">549,028</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,499,882</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income (loss) for the year attributable to non-controlling interest </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">892</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">892</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 233; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->223<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 28%">Other Comprehensive Income </TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">220,150</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">115,969</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">479,208</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">-</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">-</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">-</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">(11,634</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">)</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 6%">803,693</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other comprehensive income attributable to parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">220,150</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115,969</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">479,208</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,413</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">802,914</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other comprehensive income attributable to non-controlling interest </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">779</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">779</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Comprehensive Income (Loss) </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(6,135,903</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(63,943</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>9,604,484</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(577,540</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>538,047</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>401,036</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>538,286</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>4,304,467</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Comprehensive income (loss) for the year attributable to owners of the parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,135,903</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(63,943</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,604,484</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(577,540</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">538,047</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">401,036</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">536,615</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,302,796</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Comprehensive income (loss) for the year attributable to non-controlling interest </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,671</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,671</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.125in; padding-left: 0.125in">Assets</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Cash and due from banks </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">12,345,695</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">533,466</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">23,288,859</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">238,350</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">2,176</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">399,895</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">(133,572</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Debt Securities at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,827,214</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,034,836</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,853</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,871,903</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Loans and other financing </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,474,545</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,240,034</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,823,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,808,494</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">592,067</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49,403</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,592,546</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,395,186</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Other assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,569,274</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,324,469</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58,840,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,063,890</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,254,830</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,080,197</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,156,234</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">97,288,988</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Total Assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">73,389,514</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">51,097,969</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">96,779,356</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,145,570</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,849,073</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,539,348</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,430,116</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">Liabilities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93,834,062</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,184,803</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,197,484</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,561,745</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(136,500</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">178,641,594</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Financing received from the Argentine Central Bank and other financial institutions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,011</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,794,778</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,529,652</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,169</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,535,318</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,852,292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Unsubordinated negotiable Obligations </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,896</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,588</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,190,264</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,226,748</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Other Liabilities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,481,326</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,073,534</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,859,467</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,016,065</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">857,130</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">579,256</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,964,046</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,830,824</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Total Liabilities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">101,354,295</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18,270,925</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">81,041,993</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,107,462</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">857,130</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">627,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,292,228</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">213,551,458</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest income </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">30,299,712</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">19,478,944</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">6,132,453</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">6,834,394</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">303,685</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">(2,065,563</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">60,983,625</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,995,094</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,676,394</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28,791,267</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,274,907</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(182,092</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,388,377</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(47,531,377</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Distribution of Income (Expense) for Treasury Funds(1) </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,447,537</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,131,377</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,683,840</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net interest income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24,752,155</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,671,173</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(19,974,974</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,559,487</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">121,593</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">322,814</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13,452,248</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income from financial instruments (NIFFI) at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,964</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,334,575</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">331,348</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">526,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">132,899</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">197,291</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,536,382</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Exchange rate difference on gold and foreign currency </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,601,295</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">281,750</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,381,111</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,166</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,679</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,577</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,453</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(441,191</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 234; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->224<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in; width: 28%"><B>NIFFI
    and Exchange Rate Differences</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>2,615,259</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>281,750</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>23,953,464</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>342,514</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>527,984</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>162,476</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>211,744</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><B>28,095,191</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Financial Income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27,367,414</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,952,923</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,978,490</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,902,001</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">527,984</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">284,069</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">534,558</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,547,439</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Services fee income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,153,209</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,532,939</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,267</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,433,057</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">868,490</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(330,406</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,707,556</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Services fee expense </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,979,198</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(166,561</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(66,517</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(889,658</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(41,409</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">88,389</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,054,954</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Income from insurance activities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,627,670</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">269,253</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,896,923</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Net Service Fee <BR> Income </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>5,174,011</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,366,378</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(16,250</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,543,399</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,627,670</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>827,081</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>27,236</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>10,549,525</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Subtotal </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">32,541,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,319,301</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,962,240</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,445,400</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,155,654</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,111,150</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">561,794</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">52,096,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Result from exposure to changes in the purchasing power of money </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,439,672</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,243,877</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(535,746</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,141,796</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,204,601</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(475,643</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">744,792</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,296,543</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other operating income </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,665,517</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">860,383</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">467,542</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">568,593</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,190</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">212,318</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(33,506</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,751,037</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Loan loss provisions </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,555,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,302,282</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">33,553</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,760,136</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">51,352</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,533,018</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net Operating Income </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">27,211,765</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,633,525</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,927,589</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,112,061</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">961,243</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">899,177</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,273,080</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">38,018,440</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Personnel expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14,363,518</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,412,159</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(886,187</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,740,329</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(255,296</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(414,832</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(211,025</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,283,346</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Administration expenses </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,109,852</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(464,220</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(421,634</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,592,780</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(359,381</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(360,971</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,828</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,310,666</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Depreciations and impairment of non-financial assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,891,160</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(247,501</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(97,492</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(136,548</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,751</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,014</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(76,038</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,470,504</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other operating expenses </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,635,433</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,306,728</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(693,363</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(865,702</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,673</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(135,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,811</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,656,215</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Subtotal </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(788,198</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,797,083</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,828,913</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,223,298</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">332,142</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(21,145</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">966,378</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,702,291</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income for subsidiaries and joint ventures </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,570</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,570</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income/(loss) before&nbsp;&nbsp;&nbsp;taxes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(788,198</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,797,083</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>1,828,913</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,218,728</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>332,142</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(21,145</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>961,808</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,702,291</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income tax </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,210</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,894</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,010</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">736,962</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(301,677</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(117,294</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(587,768</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(229,663</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Net loss for the year </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(780,988</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(2,788,189</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>1,852,923</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(1,481,766</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>30,465</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(138,439</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>374,040</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>(2,931,954</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income (loss) for the year attributable to owners of the parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(780,988</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,788,189</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,852,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,481,766</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(138,439</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">376,793</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,929,201</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net income (loss) for the year attributable to non-controlling interest </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,753</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,753</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><B>Other Comprehensive Income</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(50,447</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(35,598</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(89,847</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>-</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>110,770</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>-</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(1</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(65,123</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other comprehensive income attributable to parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(50,447</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35,598</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(89,847</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">110,770</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">182</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(64,940</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other comprehensive income attributable to non-controlling interest </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(183</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(183</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><B>Comprehensive Income (Loss)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(831,435</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,823,787</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>1,763,076</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(1,481,766</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>141,235</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(138,439</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>374,039</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>(2,997,077</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Comprehensive income (loss) for the year attributable to owners of the parent company </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(831,435</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,823,787</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,763,076</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,481,766</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">141,235</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(138,439</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">376,975</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,994,141</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.05in; padding-left: 0.05in">Comprehensive income (loss) for the year attributable to non-controlling interest </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,936</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,936</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.125in; padding-left: 0.125in">Assets</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Cash and due from banks </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">10,471,392</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">1,392,602</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">22,967,633</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">437,209</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">4,608</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">3,295,926</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">(2,624,035</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Debt Securities at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">425,175</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">126,287</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">222,499</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">773,961</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 235; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->225<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the year ended December&nbsp;31, 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="font-weight: bold; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Personal &amp; Business Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bank Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Consolidated Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.05in; padding-left: 0.05in; width: 28%">Loans and other financing </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">56,863,126</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">52,299,847</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">5,064,985</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">6,857,365</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">618,048</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">41,858</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">(1,927,882</TD><TD STYLE="text-align: left; width: 1%">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 6%">119,817,347</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.05in; padding-left: 0.05in">Other assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,216,481</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,600,424</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,308,991</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,050,457</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,485,761</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">733,256</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,488,202</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,883,572</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Total Assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">70,550,999</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">55,292,873</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">52,766,784</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,471,318</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,108,417</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,293,539</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,936,285</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.05in; padding-left: 0.05in">Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.05in; padding-left: 0.05in">Deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86,332,384</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,481,577</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,342,195</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,224,661</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,204,562</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">121,176,255</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.05in; padding-left: 0.05in">Financing received from the Argentine Central Bank and other financial institutions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,161</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,250,927</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,293,014</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62,652</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,347,144</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,276,610</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.05in; padding-left: 0.05in">Unsubordinated negotiable Obligations </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">147,721</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">104,240</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,013,021</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,181</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,286,163</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.05in; padding-left: 0.05in">Other Liabilities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,347,903</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,876,158</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,926,868</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,348,891</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,031,927</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,517,477</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,726,877</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,776,101</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.05in; padding-left: 0.05in">Total Liabilities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">92,845,169</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">16,461,975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47,533,011</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,866,566</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,031,927</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,601,310</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,175,171</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">170,515,129</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">These amounts are calculated based on the funds that segments use or provide and net to zero in
the consolidation process.</TD></TR></TABLE>

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

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Personal and Business Banking</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable comprehensive
income in 2020 recorded a Ps.6.1 billion loss, compared to a Ps.831.4 million loss in 2019,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The main factors explaining
the performance were:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #010000">i)</FONT></TD><TD STYLE="text-align: justify">a Ps.9.7 billion or 35.5% decrease in Net Financial Income mainly due to weak credit demand and lower
interest earned on loans following the decrease in market interest rates, and lower income on foreign currency trading reflecting the
restrictions on FX transactions. These were partially offset by a decrease in interest expenses, following the decrease in market interest
rates, and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #010000">ii)</FONT></TD><TD STYLE="text-align: justify">a Ps.163.0 million or 3.2% decrease in Net Service Fee income. On February 19, 2020, through Communication
 &ldquo;A&rdquo; 6912, the Central Bank stated that financial institutions should not communicate fee increases nor new fees to
users of financial services for 180 business days. Then, in response to the Covid-19 pandemic established the following measures:
i) on March 26, 2020, through Communication &ldquo;A&rdquo; 6945, the Central Bank stated that until June 30, 2020, any transaction
through ATMs would not be subject to any charges or fees. Later on, this ruling was extended three consecutive times, first until
September 30, then until December 31, 2020 and then until March 31, 2021, and ii) on November 5, 2020, through Communication &ldquo;A&rdquo;
7158, the Central Bank ruled that financial entities should not communicate repricing of fees on certain products related to Saving
Accounts and Credit Cards until February 2021.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">These were
partially offset by</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #010000">iii)</FONT></TD><TD STYLE="text-align: justify">a 4.2% or Ps.190.1 million decrease in Loan Loss Provisions. Loan loss provisions include the expected
losses for each portfolio and segment, based on past performance and current conditions as of the financial statements date. Delinquency
requires expected losses to be measured for the whole life of each loan, instead of accounting for expected losses during a 12-month
period. This increases significantly the probability of default for loans with a maturity of more than one year. 2020 NPL ratio
benefitted from:(i) the relief program ruled by the Central Bank amid the pandemic, allowing debtors to defer their loan payments
originally maturing between April 2020 and March 2021, together with the automatic rescheduling of unpaid credit card balances
due April and September 2020, and ii) the Central Bank regulatory easing on debtor classifications amid the pandemic (adding a
60-days grace period before loans are classified as non-performing) and the suspension of mandatory reclassification of customers
that are non-performing with other banks, but performing with Supervielle which was introduced in 1Q20 and was extended until March
31, 2021,</TD></TR></TABLE>


<!-- Field: Page; Sequence: 236; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->226<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #010000">iv)</FONT></TD><TD STYLE="text-align: justify">a 55.8% or Ps.1.4 billion decrease in the loss in the purchasing power of the currency to which
our net monetary assets are exposed as a result of the 36.1% increase in consumer price index in 2020, compared to a 53.8% increase
in 2019,</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #010000">v)</FONT></TD><TD STYLE="text-align: justify">a 3.1% or Ps.724.4 million decrease in Personnel, Administrative and D&amp;A expenses, and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #010000">vi)</FONT></TD><TD STYLE="text-align: justify">a tax gain of Ps. 1.4 billion in 2020.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, the Personal
 &amp; Business Banking segment&rsquo;s loan and financing portfolio totaled approximately Ps.52.5 billion compared to Ps.56.9 billion
in 2019. In 2020, retail deposits amounted to Ps.93.8 billion, a 20.2% decrease from the Ps.86.3 billion in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Corporate Banking</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable comprehensive
income in 2020 recorded a Ps.63.9 million loss, compared to a Ps.2.8 billion loss in 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The main factors explaining
the performance improvement were:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">a 21.7% or Ps.932.2 million decrease in Loan Loss Provisions. Loan loss provisions include the expected
losses for each portfolio and segment, based on past performance and current conditions as of the financial statements date. Throughout
2020, the Company updated and enhanced its expected loss models to adjust for the current economic outlook, included additional macroeconomic
variables and updated its top-down analysis on specific industries that could continue to be highly impacted by the Covid-19 pandemic.
But in 2019 the corporate segment had been significantly impacted by the increase in delinquency ratios mainly due to the economic downturn
in Argentina. As of December 31, 2020, collateralized commercial loans were 43% of total, and collateralized non-performing commercial
loans increased to 80% of total, from 58% as of December 31, 2019. Corporate loans showed an NPL ratio of 6.7% as of December 31, 2020,
decreasing from 9.2% as of December 31, 2019, benefitted from the above-mentioned relief programs implemented by the Central Bank amid
the pandemic outbreak,</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>




<!-- Field: Page; Sequence: 237; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->227<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">a 43.2% or Ps.969.7 million decrease in the loss in the purchasing power of the currency to which
our net monetary assets are exposed as a result of the 36.1% increase in consumer price index in 2020, compared to a 53.8% increase
in 2019,</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">a 9.4% or Ps.199.7 million decrease in Personnel, Administrative expenses and D&amp;A,</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify">Other income, net of Ps. 263 million gain, compared to Ps.1.5 billion loss in 2019, and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(e)</FONT></TD><TD STYLE="text-align: justify">a Ps.116 million gain in other comprehensive income, reflecting the revaluation of properties in
Ps. to adjust to market value at each revaluation date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These were partially
offset by: i) a Ps.382.8 million or 6.4% decrease in Net Financial Income mainly due to weak credit demand and lower interest earned
on loans following the decrease in market interest rates and by government sponsored credit lines granted to SMEs at preferential
rates, and lower income on foreign currency trading. These were partially offset by a decrease in interest expenses, following
the decrease in market interest rates, and ii) a Ps. 886.5 million or 64.9% decrease in Net Service Fee income reflecting lower
credit origination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020 the corporate
banking segment&rsquo;s loan and financing portfolio totaled Ps.42.2 billion compared to Ps.52.3 billion in 2019 reflecting lower
credit demand following the recession recorded in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020 corporate deposits
amounted to Ps.16.2 billion, compared to Ps.14.5 billion in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Treasury</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable comprehensive
income in 2020 recorded a Ps.9.6 billion gain, compared to Ps.1.7 billion gain in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This performance is
explained by (i) a Ps.9.6 billion increase in net financial income, and (ii) a 49.8% decrease or Ps.266.6 million loss from exposure
to changes in the purchasing power to Ps.269.1 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These were partially
offset by: (i) Ps.2.2 billion charge in income tax compared to Ps.23.8 million gain in 2019, (ii) a Ps.255.7 million increase in
other expenses net to Ps.483.3 million, (iii) a Ps.16.1 million decrease to Ps.0.1 million in Net Service Fee Income, and (iv)
a 6.9% or Ps. 96.6 million increase in Personnel, Administrative Expenses and D&amp;A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020 net financial
income totaled Ps.13.6 billion, an increase of Ps.9.6 billion from Ps.4.0 billion in 2019. This increase was mainly due to higher
income from holdings of securities issued by the Central Bank and Repo Transactions with the Central Bank due to higher volumes
of these securities and transactions respectively. 2019 had reflected a loss from mark to market accounting of short-term Pesos
and U.S. dollars treasury notes held by us following the debt reprofiling announced by the Argentine government in August 2019.</P>


<!-- Field: Page; Sequence: 238; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->228<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, yield from
investments in Central Bank securities has been recorded in NII following the Fair value through other comprehensive income methodology.
Previously, and until October 2019 when those securities were classified as Held for trading securities, yields from those investments
were recorded in NIFFI following the Fair value through profit or loss accounting methodology while deposits to fund those marginal
investments were reflected in Net Interest Income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consumer Finance</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable comprehensive
income in 2020 recorded a Ps.577.5 million loss compared to a Ps.1.5 billion loss in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The main factors explaining
this performance were:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">a Ps.873.1 million decrease in loan loss provisions to Ps.887.0 million from Ps.1.8 billion in
2019. This reflects the measures taken by us in the past two years in terms of tightening credit scoring standards and making changes
in the collection process, following the peaks observed in the second quarter of 2018. Loan loss provisions include the expected
losses for each portfolio and segment, based on past performance and current conditions as of the financial statements date. The
increase in delinquency also requires expected losses to be measured for the whole life of each loan, instead of accounting for
expected losses during a 12-month period. This increases significantly the probability of default for loans with a maturity of
more than one year,</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">a Ps.344.9 million increase in net financial income to Ps.3.2 billion, compared to Ps.2.9 billion
in 2019. This increase was mainly due to a 19.8% increase to Ps.3.1 billion in net interest income as a result of the decrease
in the cost of funds following the decline in market interest rates, while net income from financial instruments and exchange rate
differences recorded a Ps.181.2 million gain in 2020, compared to a Ps.342.5 million gain in 2019,</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">a Ps.254.7 million decrease in the loss from exposure to changes in the purchasing power of money
to Ps.887.1 million compared to Ps.1.1 billion loss in 2019. This reflects the loss in the purchasing power of the currency to
which our net monetary assets are exposed as a result of the 36.1% and 53.8% increase in the consumer price index in 2020 and 2019
respectively, and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">a 4.5% or Ps.157.0 million decrease in personnel, administrative and D&amp;A expenses to Ps.3.3 billion
from Ps.3.5 billion.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>




<!-- Field: Page; Sequence: 239; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->229<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These were partially offset
by a 11.2% or Ps.172.5 million decrease in Net Fee Income. On February 19, 2020, through Communication &ldquo;A&rdquo; 6912, the Central
Bank stated that financial institutions should not communicate fee increases nor new fees to users of financial services for 180 business
days. Then, in response to the COVID-19 pandemic, the Central Bank established through Communication &ldquo;A&rdquo; 7158, that financial
entities should not communicate repricing of fees on certain products related to saving accounts and credit cards until February 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-style: normal">The
Consumer Finance NPL ratio was 4.7% in 2020, declining from 17.2% in 2019. The NPL improvement benefitted from: (i) the Central Bank regulatory
easing amid the pandemic on debtor classifications (adding a 60 days grace period before the loan is classified as NPL) which was introduced
in the first quarter of 2020 and was extended until March 31, 2021, and (ii) the relief programs ruled by the Central Bank amid the pandemic,
allowing debtors to defer their loan payments originally maturing between April 2020 and March 2021, together with the automatic rescheduling
of unpaid credit card balances due April 2020 and September 2020. Moreover, NPL improvement reflects the measures taken by the Company
since first quarter of 2018 to enhance asset quality following the peaks observed in 2018. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Insurance</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable comprehensive
income totaled Ps.538.0 million in 2020 compared to Ps.141.2 million in 2019. This was due to a Ps. 823.5 million decrease in the
net loss from exposure to changes in the purchasing power of the currency to Ps.381.1 million compared to a net loss of Ps.1.2
billion in 2019. Net Service Fee Income decreased Ps.173.5 million to Ps.1.5 billion in 2020 from Ps.1.6 billion in 2019. This
performance reflects very low levels of sales in bank branches amid the pandemic restrictions, a higher accident rate since relaxation
of the lockdown and also due to higher claims paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Asset Management and Other Services</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attributable Comprehensive
Income recorded a Ps.401.0 million gain in 2020 compared to Ps.138.4 million loss in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The increase in 2020
was mainly driven by (i) Ps.85.4% or Ps.706.5 million increase in net service fee income to Ps.1.5 billion in 2020, mainly due
to higher activity in the asset management industry together with higher revenues from InvertirOnline, and (ii) a 46.7% decrease
in the loss from exposure to changes in the purchasing power of the currency to Ps.253.3 million from Ps.475.6 million in 2019.
These were partially offset by the 28.6% or Ps.224.6 million increase in personnel, administrative and D&amp;A expenses and 11.4%
or Ps.32.3 million decrease in Net Financial Income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Adjustments</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Results incurred by
Grupo Supervielle at the holding level, and transactions between segments, are not allocated to any particular segment for internal
reporting purposes and are disclosed under &ldquo;Adjustments&rdquo; to reconcile the total of each line item with the amounts
appearing in our statement of income.</P>


<!-- Field: Page; Sequence: 240; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->230<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Inter-segment transactions
offset each other and do not impact total direct earnings on a consolidated basis. Other results not allocated to segments totaled
an attributable comprehensive income recorded a Ps.536.6 million gain in 2020 compared to Ps.377.0 million gain in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consolidated Assets</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The structure and main
components of our consolidated assets as of the dates indicated were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">%</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">%</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cash and due from banks </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">14.7</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">17.8</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Debt Securities at fair value through profit or loss </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,871,903</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">773,961</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Loans and financing portfolio </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,395,186</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">119,817,347</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other debt securities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,859,975</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,238,340</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">Other assets<SUP>(1)</SUP> </FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">56,429,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">22.6</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">31,645,232</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15.6</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100.0</TD><TD STYLE="font-weight: bold; text-align: left">%</TD></TR>
</TABLE>


<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Includes mainly other receivables from financial transactions, equity investments, miscellaneous
receivables, bank premises and equipment, miscellaneous assets, and intangible assets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Of our Ps.249.2 billion
total assets as of December 31, 2020, Ps.239.7 billion, equivalent to 96.2% of the total, corresponded to the Bank and CCF. As
of December 31, 2020, our total direct exposure to the non-financial public sector amounted to Ps.72.7 billion which is primarily
composed of our holdings of government securities, securities issued by the Central Bank and Repo Transactions with the Central
Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a017"></A>Item 5.B</TD><TD>Liquidity and Capital Resources</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our main source of
liquidity is the Bank&rsquo;s deposit base. CCF also securitize portions of its loan portfolios to generate liquidity for its operations.
The Bank and CCF also receive deposits and interbank calls and issue short-term debt securities in the Argentine capital markets
for financing. Additionally, long-term financing and capital contributions enable us to cover most of our liquidity requirements.</P>


<!-- Field: Page; Sequence: 241; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->231<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consolidated Cash Flows</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below summarizes
the information from our consolidated statements of cash flows for the three years ended December&nbsp;31, 2020, 2019 and 2018,
which is also discussed in more detail below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 67%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net loss for the year </TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal; text-align: right">3,500,774</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal; text-align: right">(2,931,954</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-weight: normal; font-style: normal; text-align: right">(6,401,490</TD><TD STYLE="width: 1%; font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Adjustments to obtain flows from operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Income tax</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">671,707</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">229,663</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,117,088</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Depreciations and impairment of assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,407,028</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,470,504</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">905,545</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Loan loss provisions </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,615,060</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10,533,018</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10,846,363</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Exchange rate difference on gold and foreign currency </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,064,545</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">441,191</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(2,359,639</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Interest income </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(64,699,880</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(60,983,625</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(63,700,230</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Interest expenses </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">28,578,388</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">47,531,377</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">36,468,510</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Net income from financial instruments at fair value through profit or loss </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(3,315,582</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(28,536,382</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,215,705</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -9pt; padding-left: 16.85pt">Fair value of Investment property </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">92,457</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">173,076</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(301,426</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Result from exposure to changes in the purchasing power of the currency </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,290,328</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">7,296,543</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,597,117</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Interest over Leases liabilities </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">207,035</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">289,288</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Asset retirements measured at amortized cost </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(657,019</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Loans recovered and allowances reversed </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(572,480</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(678,796</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(665,561</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">(Increases) / decreases from operating assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Debt securities at fair value through profit or loss </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(3,704,499</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">33,730,615</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">13,361,338</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -9pt; padding-left: 16.85pt">Derivatives </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">206,736</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(317,331</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">49,878</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Repo transactions </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(22,354,735</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10,358,040</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 25.85pt">To the non-financial public sector </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">15,777</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">29,390</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">32,129</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 25.85pt">To the other financial entities </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">75,779</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">746,839</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">393,321</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 25.85pt">To the non-financial sector and foreign residents </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">69,862,241</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">87,397,438</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">73,827,816</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Other debt securities </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(26,621,635</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(5,209,685</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(7,918,913</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Financial assets in guarantee </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,356,401</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(3,057,655</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(180,104</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Investments in equity instruments </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(48,916</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,941</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">122,467</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Other assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(578,668</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">3,051,066</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(9,736,045</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Increases / (decreases) from operating liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Non-financial public sector </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">464,124</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(15,810,885</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,174,518</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Financial sector </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">19,163</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(14,598</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">4,299</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 16.85pt">Private non-financial sector and foreign residents </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">28,504,851</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(113,144,888</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(16,309,593</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Derivatives </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,995</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(197,328</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">197,328</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Repo operations </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(435,401</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">435,401</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">-</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Liabilities at fair value with changes in results </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">1,743,945</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(303,388</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">561448</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other liabilities </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(3,796,035</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">713,438</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">995,641</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Income Tax paid </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,272,880</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,102,703</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(2,932,952</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES (A) </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">22,491,514</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(37,218,430</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">43,291,188</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">CASH FLOWS FROM INVESTING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Net payments related to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Purchase of PPE, intangible assets and other assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(4,724,074</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,516,436</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(5,978,681</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Purchase of liabilities and equity instruments issued by other <BR> entities </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(47,564</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(376,258</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Purchase of investments in subsidiaries </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(7,292</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(269,496</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(3,849,461</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Collections:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Disposals related to PPE, intangible assets and other assets </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">425,906</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">10,920</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">908,416</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">NET CASH USED IN INVESTING ACTIVITIES (B) </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(4,353,024</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(1,775,012</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(9,295,984</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">CASH FLOW OF FINANCING ACTIVITIES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Payments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Changes in investments in subsidiaries that do not result in control loss </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">772</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,252</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Operating Leases </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,366,164</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,703,937</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">-</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Unsubordinated negotiable obligations </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(6,785,701</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(155,072,118</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(143,192,966</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Financing received from Argentine Financial Institutions </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(21,297,718</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(23,641,629</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(15,818,913</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Subordinated negotiable obligations </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,774,264</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(1,147,619</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(27,195</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Dividends </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(530,065</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(634,568</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">(687,687</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">)</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 242; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->232<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: -0.1in; padding-left: 0.1in; width: 67%">Collections:</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 8%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 8%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 8%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Changes in the subsidiaries&rsquo; participation without change of control </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Unsubordinated negotiable obligations </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">2,653,805</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">11,452,532</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">8,752,664</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Financing received from Argentine Financial Institutions </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">14,873,400</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">150,529,472</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">149,113,655</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Subordinated obligations </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Contributions from shareholders </TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: right">&mdash;</TD><TD STYLE="font-weight: normal; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">NET CASH (USED IN)/ PROVIDED BY FINANCING ACTIVITIES (C)  </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(14,226,707</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(20,217,095</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>(1,861,694</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">EFFECTS OF EXCHANGE RATE CHANGES AND EXPOSURE TO CHANGES IN THE PURCHASING POWER OF MONEY ON CASH AND CASH EQUIVALENTS (D)  </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">10,375,405</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">32,802,331</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right"><B>32,132,480</B></TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D)  </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">14,287,188</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(26,408,206</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>64,265,990</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">RESULT FROM EXPOSURE TO CHANGES IN THE PURCHASING POWER OF THE CURRENCY OF CASH AND EQUIVALENTS</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(12,853,555</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">(33,941,124</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>(32,132,480</B></TD><TD STYLE="text-align: left"><B>)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">38,032,893</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">98,382,223</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><B>66,248,712</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR </TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">39,466,526</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">38,032,893</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: right">98,382,223</TD><TD STYLE="font-weight: bold; font-style: normal; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Management believes
that cash flows from operations and available cash and cash equivalent balances will be sufficient to fund our financial commitments
and capital expenditures for 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cash Flows from Operating Activities</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, operating activities
used Ps.22.5 billion of net cash, compared to Ps.37.2 billion of net cash provided in 2019. Net decrease in loans to the non-financial
sector amounted to Ps.69.9 billion in 2020, compared to a decrease of Ps.87.4 billion in 2019. Net operating income from debt securities
and derivatives decreased to Ps. 1.8 billion in 2020 from Ps.33.2 billion in 2019. Net decrease in deposits amounted to Ps.29.0 billion
in 2020, compared to a net increase of Ps.129.0 billion in 2019.</P>


<!-- Field: Page; Sequence: 243; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->233<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->






<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cash Flows from Investing Activities</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, we used Ps.4.4
billion of net cash in our investing activities, compared to Ps.1.8 billion of net cash used in 2019. In 2020, funds used mainly
in intangible assets and others were Ps.4.6 billion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cash Flows from Financing Activities</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, net cash used
in financing activities was Ps.14.2 billion, compared to Ps.20.2 billion in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2020, net funds
used to make payments of unsubordinated negotiable obligations was Ps.18.6 billion, compared to Ps.12.2 billion used in 2019. Net
funds used to make payments of subordinated negotiable obligations was Ps.1.8 billion in 2020, compared to Ps.1.1 billion used
in 2019. Net collection from Argentine financial institutions was Ps.8.1 billion in 2020, compared to Ps.4.5 billion net payments
in 2019. In 2020 and 2019, net cash used in dividends payments was Ps.530.1 million and Ps.634.6 million, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 244; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->234<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Funding</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">Deposits</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our major source of funding
is the Bank&rsquo;s significant deposit base comprised of checking and savings accounts and time deposits. The following table presents
the composition of our consolidated deposits as of December&nbsp;31, 2020 and 2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As
of December&nbsp;31,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2020</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2019</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From the non-financial public sector</TD><TD STYLE="width: 1%; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: normal 10pt Times New Roman, Times, Serif; text-align: right">7,911,255</TD><TD STYLE="width: 1%; font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: normal 10pt Times New Roman, Times, Serif; text-align: right">7,447,131</TD><TD STYLE="width: 1%; font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">4.4</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">6.1</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From the financial sector</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">57,416</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">38,253</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">0.0</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">0.0</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">From the non-financial private sector and foreign residents</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Checking accounts</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">16,891,003</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">16,499,716</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">9.5</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">13.6</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Savings accounts</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">43,414,117</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">40,009,355</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">24.3</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">33.0</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Special checking accounts</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">59,431,348</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">12,719,215</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">33.3</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">10.5</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">46,113,056</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">32,483,536</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">25.8</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">26.8</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Investment accounts</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">227,191</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">5,628,596</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">0.1</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">4.6</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">3,457,400</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">4,052,648</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">1.9</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">3.3</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest and differences in exchange rates payable</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">1,138,809</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: right">2,297,805</TD><TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">% of deposits</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.6</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1.9</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total</TD><TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif; text-align: right">178,641,595</TD><TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif; text-align: right">121,176,255</TD><TD STYLE="font: normal bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total deposits increased
47.4% in 2020. Total deposits from the non-financial private sector increased 50.1% to represent 95.5% of our total deposits as
of December 31, 2020. Total deposits from the non-financial public sector increased 6.5% to represent 4.5% of our total deposits
as of December 31, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Private sector checking
accounts, saving accounts deposits, time deposits and special checking accounts increased 2.4%, 8.5%, 42.0% and 367.3%, respectively,
in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Retail customer deposits
in Pesos represented 37% of total deposits as of December 31, 2020. Wholesale and institutional deposits in Pesos declined to 43.5%
of total deposits in Pesos from 46.9% as of September 30, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Financings</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Banco Supervielle S.A.</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Global Program for the Issuance of Medium-Term Notes for
up to U.S.$2.3 billion</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On September 22, 2016,
the Shareholders&rsquo; meeting No. 117, resolved to approve the creation of a Global Program for the Issuance of Negotiable Obligations
for up to a maximum outstanding amount of U.S.$800,000,000. The Program was authorized by the CNV through Resolution No. 18,376
dated November 24, 2016. On March 6, 2018, the Shareholders&rsquo; meeting, resolved to approve the extension of the Program for up to
a maximum outstanding amount of U.S.$2,300,000,000. The Program was authorized by the CNV through Resolution No. 19,470 dated April
16, 2018.</P>

<!-- Field: Page; Sequence: 245; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->235<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>Frequent issuer regime
registration CNV</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On August 6, 2018,
the Board of Directors resolved to request the CNV to register the Bank as a frequent issuer of negotiable obligations. Said request
was authorized by the CNV through Resolution No. 19,958 dated December 27, 2018. The Bank is registered with the CNV as a frequent
issuer of Negotiable Obligations under No. 03. At the board meeting of the company on March 7, 2019, it was resolved to approve
the Bank&rsquo;s ratification in the Frequent Issuer Regime and at the Board meeting on December 2, 2019 it was resolved to allocate
the maximum amount of U.S.$300,000,000 corresponding to the Global Issuance Program of Negotiable Obligations for up to U.S.$2,300,000,000,
with the bank in the process of reducing the maximum amount of said Program. The CNV approved said ratification through Resolution
DI-2020-11-APN-GE #CNV dated February 11, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 12, 2020, the
Board of Directors of Banco Supervielle SA, approved the issuance of its Class G Non-Subordinated Negotiable Obligation for an
amount that will not exceed in its N/V U.S.$30,000,000 set within the Global Program of Negotiable Obligations. It was also approved
to modify the terms of said issuance, so that the Issue Amount is up to U.S.$50,000,000 and without prejudice to the fact that
the Negotiable Obligations are denominated in U.S. dollars, they may be integrated and payments under them can be made in pesos.
The bidding period ended on June 25, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December 31,
2020, and 2019, the amounts outstanding and the terms corresponding to outstanding unsubordinated negotiable obligations were as
follows (with figures expressed in thousands of Pesos):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Class</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Issue Date</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Maturity Date</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Annual Interest Rate</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Banco Supervielle Class A</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center; padding-bottom: 1pt">02/09/2017</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 16%; font-size: 10pt; text-align: center; padding-bottom: 1pt">08/09/2020</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 16%; font-size: 10pt; text-align: center; padding-bottom: 1pt">Badlar + Spread 4.5%</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">5,179,248</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Banco Supervielle Class C</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">12/22/2017</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">12/22/2021</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">Badlar + Spread 4.25%</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">444,327</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">908,288</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Banco Supervielle Class E</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">02/14/2018</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">02/14/2023</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">Badlar + Spread 4.05%</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,579,563</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,177,446</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Banco Supervielle Class G</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">06/30/2020</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">06/30/2021</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">2% Annual Nominal</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">2,202,858</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">-</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">8,264,982</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 246; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->236<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Program for the issuance of notes for up to nominal value
Ps.750&nbsp;million (increased to Ps.2 billion)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of March 25, 2013,
the Bank&rsquo;s Extraordinary General shareholders&rsquo; meeting, approved the creation of a Global Program for the issuance
of Negotiable Obligations for up to a maximum outstanding amount of U.S.$750,000,000. On April 15, 2016, the Ordinary and Extraordinary
Shareholders&rsquo; meeting approved to increase the maximum outstanding amount of the Program to $2,000,000,000 or its equivalent in
foreign currency, passed by Resolution N&deg; 18,224 from the CNV on September 22, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following chart
provides the main terms and conditions of issuances underway as of December 31, 2020 and 2019 (figures expressed in thousands of
pesos):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Book Value</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Issuance date</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">Currency</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">Class</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">Amount</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Amortization</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">Term</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Maturity date</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Rate</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">12/31/2020</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>12/31/2019</B></FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 13%; font-size: 10pt; text-align: center; padding-bottom: 1pt">08/20/2013</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">US$</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">III</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 6%; font-size: 10pt; text-align: right">22,500</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-size: 10pt; text-align: center; padding-bottom: 1pt">100% at mat,</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">84 Months</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-size: 10pt; text-align: center; padding-bottom: 1pt">08/20/20</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; font-size: 10pt; text-align: right">7</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">%</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-size: 10pt; text-align: right">1,780,980</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">11/18/2014</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">US$</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">IV</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">13,441</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">100% at mat,</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">84 Months</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">11/18/21</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">7</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">1,140,469</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">1,105,048</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">1,140,469</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">2,886,028</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Cordial Compa&ntilde;&iacute;a Financiera S.A. (renamed as
IUD&Uacute; Compa&ntilde;ia Financiera S.A., with registration pending)</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Global Program for the Issuance of Negotiable Obligations
for up to U.S.$500.000.000</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 22, 2017,
the shareholders&rsquo; meeting No.45 of CCF resolved to approve the creation of a Global Program for the Issuance of Negotiable
Obligations for up to a maximum outstanding amount of U.S.$500,000,000. The Program was authorized by the CNV Board through Resolution
No. 18,650 dated May 10, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December 31,
2020, and 2019, Cordial Compa&ntilde;&iacute;a Financiera S.A. had no negotiable obligations outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>MicroLending S.A.U.</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 22, 2017, the
shareholders&rsquo; meeting of MicroLending S.A.U. resolved to approve the issuance of Negotiable Obligations for up to a maximum
outstanding amount of Ps.35,000,000. The issuance was authorized by the CNV Board through Resolution RESFC-2017-18946-APN dated
September 20, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December&nbsp;31,
2020 and 2019 the amounts outstandings and the terms corresponding to outstanding unsubordinated negotiable obligations were as
follows (in millions of Ps.):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Class</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Issue Date</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Maturity Date</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Annual Interest Rate</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 16%; font-size: 10pt; text-align: left">Micro Lending Class III</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 16%; font-size: 10pt; text-align: center">10/04/2017</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 16%; font-size: 10pt; text-align: center">10/05/2020</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 16%; font-size: 10pt; text-align: center">Badlar + Spread 7%</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 14%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; font-size: 10pt; text-align: right">21,181</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 247; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->237<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consolidated Capital</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows
information on our shareholders&rsquo; equity as of the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">As of December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-size: 10pt; font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 55%; font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Shareholders&rsquo; equity at the end of the period attributable to owners of the parent company</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">35,651,135</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">31,878,404</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">35,506,450</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">Average shareholders&rsquo; equity<SUP>(1)</SUP>  </FONT></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">34,400,841</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">31,791,694</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">39,063,579</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Shareholders&rsquo; equity attributable to owner of the parent company as a percentage of total assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">14.3</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">15.8</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Average shareholders&rsquo; equity as a percentage of average total assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">13.4</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">11.7</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total liabilities as a multiple of total shareholders&rsquo; equity</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6.0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5.3</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">7.4</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt">Tangible shareholders&rsquo; equity<SUP>(2)</SUP> as a percentage of Total Tangible Assets </FONT></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">11.9</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">13.2</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">10.3</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Calculated on a daily basis.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Tangible shareholders&rsquo; equity represents shareholders&rsquo; equity minus intangible assets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows
information on the Bank and CCF&rsquo;s consolidated computable regulatory capital, and minimum capital requirements as of the
dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><B>As of December&nbsp;31, <SUP>(1)</SUP></B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Tier 1 Capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Paid in share capital common stock</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">829,564</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">829,564</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">771,965</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">Share premiums</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,898,635</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,898,635</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,481,234</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Disclosed reserves and retained earnings</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4,786,695</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,351,399</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,602,483</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Non-controlling interests</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">346,732</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">125,955</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">63,044</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">IFRS Adjustments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">366,192</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,001,756</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(472,796</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Capital Adjustments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">22,680,725</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in"><SUP>Expected Credit Losses</SUP></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,210,136</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">100% of results</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,585,872</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,247,147</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,133,354</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -0.1in; padding-left: 0.1in">50% of positive results</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">312,738</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">536,635</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">268,581</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Sub-Total: Gross Tier I Capital</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">30,443,899</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">16,991,091</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">11,847,865</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Tier 2 Capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">General provisions/general loan-loss reserves 50%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,090,865</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">871,395</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">784,727</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Subordinated term debt</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">162,339</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">379,212</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Sub-Total: Tier 2 Capital</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">1,090,865</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">1,033,734</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">1,163,939</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Deduct:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">All Intangibles</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,548,881</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">754,238</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">406,460</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Pending items</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">90,951</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">25,611</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">96,480</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other deductions</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,566,118</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,219,867</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">364,858</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Deductions</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">7,205,950</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">2,999,716</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">867,798</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total Capital</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">24,328,814</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">15,025,109</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">12,144,006</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt"><B>Credit Risk weighted assets<SUP>(2)</SUP></B>  </FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">126,312,275</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">96,585,712</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">79,580,781</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-size: 10pt"><B>Risk weighted assets<SUP>(3)</SUP></B>  </FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">174,954,402</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">129,638,218</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">101,933,777</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Tier 1 Capital / Credit risk weighted assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">18.4</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">14.5</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">13.8</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Tier 1 Capital / Risk weighted assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">13.3</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">10.8</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">10.8</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Regulatory Capital / Credit risk weighted assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">19.3</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">15.6</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">15.3</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Regulatory Capital / Risk weighted assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">13.9</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">11.6</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">11.9</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Nominal value without inflation adjustment.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Credit Risk weighted assets is calculated by applying the respective credit risk-weights to our
assets, following Central Bank regulations. It does not include market risk or operational risk.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Risk weighted assets is calculated by multiplying the operational risk and market risk by 12.5
and adding the credit risk weighted assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<!-- Field: Page; Sequence: 248; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->238<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Capital Expenditures</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the course of our
business, our capital expenditures are mainly related to infrastructure and organizational and IT system development. In general
terms, our capital expenditures are not significant when compared to our total assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We expect that capital
expenditures in 2021 will be related to infrastructure, IT systems development and properties. We anticipate to fund such capital
expenditures with cash flow from operating activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a018"></A>Item 5.C</TD><TD>Research and Development, patents and licenses, etc.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other than our technology
program, we do not have any significant policies or projects relating to research and development, and we own no patents or licenses.
See &ldquo;<I>Item 4.B Business Overview&mdash;Information Technology and Operations</I>&rdquo; in this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a019"></A>Item 5.D</TD><TD>Trend Information</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We believe that the
macroeconomic environment and the following trends in the Argentine financial system and in our business have affected and will,
for the foreseeable future, continue to affect our results of operations and profitability. Our continued success and ability to
increase our value to our shareholders will depend upon, among other factors, economic growth in Argentina and the corresponding
growth of the market for long-term private sector lending and access to financial products and services by a larger segment of
the population.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The analysis should
be read in conjunction with the discussion in &ldquo;<I>Item 3.D Risk Factors</I>&rdquo; and taking into consideration that the
Argentine economy has been historically volatile, which has negatively affected the volume and growth of several sectors, including
the financial system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Related to Argentina</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In response to the
COVID-19 pandemic, countries around the world, including Argentina, have adopted extraordinary measures to contain the spread of
the virus. As a result of these measures imposed, the different countries have shown an immediate impact on their economies with
a rapid drop of the production and activity indicators.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a response, most
governments implemented fiscal aid packages to sustain the income of part of the population and reduce the risks of breakdown in
payment chains, avoiding financial and economic crises, as well as company bankruptcies. Argentina was no exception, with the Government
acting as soon as the pandemic was declared.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In Argentina, the first case
of COVID-19 was recorded on March 3, 2020. As a result, the Argentine government adopted multiple measures in response to the pandemic,
including a nationwide mandatory lockdown that began on March 19, 2020 and was extended several times, until November 6, 2020 when the
country shifted towards a &ldquo;social distancing&rdquo; phase, instead of a strict lockdown. After a sharp decline in economic activity
in the second quarter of 2020, the progressive relaxation on mobility restrictions resulted in a rebound of the economic activity, showing
eighth months of consecutive growth, recovering almost 90% of the COVID-19 drop.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 249; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->239<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Argentine GDP is expected
to improve in 2021 due to a very favorable statistical base effect from 2020, and to benefit from favorable external conditions following
the increase in commodities prices. Nevertheless, a second outbreak of the COVID-19 is taking place, and if the speed of vaccination does
not progress at a good pace, further restrictions on mobility may be implemented in addition to the restrictions imposed on April 8, 2021.
If this occurs, these limitations would cause a greater fiscal effort for the Government, and since Argentina does not have access to
international financial markets, it could be financed with an increase of the monetary base as was the case in 2020, with the resulting
impact on macroeconomic variables including inflation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to recent IMF estimates, the world economy is expected to
grow by 5.5% in 2021 (reflecting an increase compared to prior forecasts). Said recovery would be due to a 4.3% growth of advanced economies
and a 6.3% growth of the emerging economies. The IMF considers that said growth will vary from country to country depending on both access
to vaccines and the vaccination rate in each country and the efficiency of policies adopted to mitigate the effect of the crisis. The
IMF also indicates that if vaccines are not properly distributed worldwide, new mobility restrictions could be imposed that would hinder
the economic recovery.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In Argentina, two positive
international aspects could help improve the level of activity. First, a forecast 8.1% improvement of the world&rsquo;s trade for 2021
after a sharp fall of approximately 9.6% in 2020. According to IMF estimates, prices of agricultural commodities will grow by 1.4% in
2021, while in the case of the two major trade partners of Argentina, Brazil and China, the Brazilian economy will show a 3.6% recovery
and the Chinese GDP will grow by 8.1% which could boost Argentine exports. However, the above estimates are subject to the risks associated
with a second or third COVID-19 wave that would impose further mobility restrictions and eventually the closing of borders which would
affect global trade. Besides, there will be another two relevant events during 2021 in Argentina: the mid-term elections in October and
the negotiation of a new agreement with the IMF.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Argentine economic consulting
firms that participate in the REM (Spanish acronym for Relevamiento de Expectativas de Mercado, or Market Expectations Report) published
on April 6, 2021 by the Central Bank expect an economic growth rate of 6.7% in 2021. They estimate that the GDP would increase during
the first and second quarters of 2021 by 1.9% and 0.2% (deseasonalized), respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Likewise, the inflation rate
is expected to rise from 36.1% (at the end of 2020) to 46.0% (year-on-year variation - December-December) in 2021. Analysts estimate a
decrease in inflation rate for 2022, reaching a 39.3% rate at the end of the year. The nominal peso/dollar exchange rate is expected to
be Ps.115.0/US.$ at year end, which implies a year-on-year depreciation of 36.7% and which would imply an acceleration in the devaluation
rate against 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 250; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->240<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We cannot predict,
particularly due to the uncertainties of the ongoing COVID-19 pandemic, including how long current conditions will persist, whether
future global and Argentine economic performance will differ materially from the IMF and REM forecasts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Related to the Argentine Financial System</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Argentina has a small and
under-penetrated financial system when compared to other countries in Latin America, and we believe it has potential room to grow when
the economic environment stabilizes, and inflation is normalized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a result of the ongoing COVID-19 pandemic and the government measures
taken to contain the virus, together with the consequent disruption in economic activity, despite the recovery in economic activity seen
in the second falf of 2020 and early 2021, the credit dynamic recovery is not taking place. Instead, we may see a lower growth than expected
in loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Moreover,
certain of the government measures aimed at ameliorating economic conditions may further affect the revenues of the financial system.
</FONT>In 2020 a relevant portion of assets and liabilities of the banking industry became subject to increased regulation both in volumes
and interest rates, thus impacting the financial margin of the banks. At the same time, regulation restricted the ability of banks to
charge fees on certain services. We expect this trend to continue in 2021, and that the Central Bank will continue promoting and ruling
credit lines at subsidized interest rates, and imposing minimum rates on time deposits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the challenging
macroeconomic environment, the argentine financial system is solid, with high levels of liquidity and solvency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Asset
quality has been impacted by Central Bank&rsquo;s regulations in 2020 including (i) the easing on debtor classifications (adding a 60
days grace period before the loan is classified as non-performing) which was introduced in March 2020 and was extended until March 31,
2021, and (ii) the relief programs ruled allowing debtors to defer their loan payments originally maturing between April 2020 and March
2021, together with the automatic rescheduling of unpaid credit card balances due April 2020 and September 2020. As a consequence, according
to information from the Central Bank, delinquency ratios have declined during 2020, although the lifting of the above mentioned regulations
since April 2021 is expected to derive in </FONT>a deterioration in asset quality in the financial system. See &ldquo;Item 3.D&mdash;Risk
Factors&mdash;Risks related to the Argentine financial system&mdash;Our asset quality and that of other financial institutions may deteriorate
if the Argentine private sector does not fully recover&rdquo; and &ldquo;Item 4.B.&mdash;Business Overview&mdash;Argentine Banking Regulations&mdash;Government
Measures in Response to the Ongoing COVID-19 Pandemic.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Related to Us</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We intend to maintain prudent
financial risk management policies and to continue improving our operating efficiency, in a year we believe will be marked by high levels
of economic uncertainty and volatility. Loan growth will largely depend on the size and strength of the economic rebound, advance in the
vaccination program, along with consumer and investor confidence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Supervielle&rsquo;s management
continues to actively monitor the evolution of the ongoing COVID-19 pandemic and the impact it may have on the business. Measures have
been taken rapidly as the situation continued to evolve, focusing mainly on protecting the Company&rsquo;s employees and customers and
ensuring the continuity of business operations, but the pandemic appears to be far from being controlled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The COVID-19 pandemic and
measures established by the regulator and government to contain the spread of the virus have accelerated the adoption of digitalization
in a traditionally cash-oriented culture. As a result, in the current low-touch economy we are rapidly executing on our digital transformation
strategy and introducing new functionalities across our business segments, while keeping high cybersecurity standards. In 2020 we saw
strong growth in digital and automatic transactions across our company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">and our different business
segments. As an example, in 2020 91% of total monetary transactions at the bank</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 251; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->241<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">were conducted
through our digital and automatic channels</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">compared to 79%
in 2019. At the same time</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">InvertirOnline, our online
broker, experienced a spike in usage with new accounts increasing over 128% year-on-year, and transactions increasing 128% in 2020 compared
to 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In a complex scenario, we
will continue to balance risk and profitability by managing the credit cycle, and excess liquidity through asset and liability management.
We may continue to face further pressure from higher cost of funds resulting from the floor on interest rates on time deposits and subsidized
rates on mandatory credit lines to SMEs, while regulation may continue to impact fees. In terms of expenses, we will continue to exercise
strict control on recurring costs. While investments in accelerating our digital transformation strategy and in scaling up the service
model pilots across the bank branches network will result in some temporary increases in costs, this will contribute to enhance efficiency
in the longer term. Higher turnover tax rates along with the recent extension of the turnover tax to securities from the Central Bank
in the Citi of Buenos Aires may also affect expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In terms of asset quality,
we could see a potential deterioration in non-performing loans during the second and third quarters of 2021 after the grace periods from
the loan rescheduling programs implemented by the Central Bank, begin to expire in April. That moment will reflect more accurately the
behavior of our clients in terms of their payment capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In turn, we expect capital
and liquidity to remain at adequate levels underscoring long-term sustainability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
will continue executing our transformation strategy with the goal of driving sustainable growth as demand resumes while enhancing our
current competitiveness</FONT>, remaining flexible under this particularly volatile and challenging scenario. The ultimate impact of the
pandemic on its business, results of operations and financial condition remains highly uncertain and will depend on future developments
outside of the Company control, including the intensity and duration of the pandemic, whether new variants of the COVID-19 arise, and
the government measures in response of the COVID-19 pandemic, including the vaccination program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a020"></A>Item 5.E</TD><TD>Off-balance
sheet arrangements</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our off-balance sheet
risk mainly arises from the Bank&rsquo;s activities.</P>

<!-- Field: Page; Sequence: 252; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->242<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">See &ldquo;<I>Commitments
under Lease Agreements sections</I>&rdquo; in Item 5.F to this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a021"></A>Item 5.F</TD><TD>Contractual
Obligations</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below identifies
the principal amounts of our main contractual obligations, their currency of denomination, remaining maturity and interest rate
and the breakdown of payments due, as of December&nbsp;31, 2020:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Maturity</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Less than 1 year</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">1&nbsp;-&nbsp;3 years</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">3&nbsp;-&nbsp;5 years</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">After 5&nbsp;years</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total at December&nbsp;31, 2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="font-size: 10pt; font-style: italic; text-align: center">(in thousands of Pesos)</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 23%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Deposits</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><B>179,907,568</B></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">530</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">179,908,098</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Liabilities at fair value through profit and loss</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,005,724</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,005,724</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">International banks and institutions</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Short-Term Financial Loans (U.S.$) </TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Mid-Term Financial Loans (U.S.$) </TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Financing received from Argentine financial institutions</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,639,231</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">507,681</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">25,191</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,172,103</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Short-Term Financial Loans (Pesos)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,639,231</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,639,231</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Mid-Term Financial Loans (Pesos) </TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">507,681</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">507,681</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Long-Term Financial Loans (Pesos) </TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">25,191</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">25,191</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Unsubordinated corporate bonds</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,378,105</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,821,578</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,199,683</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Negotiable Obligation (Pesos) Class&nbsp;A</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">2020</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">693,837</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">693,837</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Negotiable Obligation (Pesos) Class&nbsp;B</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">2021</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,134,745</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,821,578</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,956,323</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Negotiable Obligation (Pesos) Class&nbsp;C</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">2023</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,549,523</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,549,523</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Negotiable Obligation Class&nbsp;III</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">2020</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Subordinated corporate bonds</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,211,262</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,211,262</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Subordinated negotiable obligations &ndash; Class&nbsp;III and IV</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">2020-2021</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,211,262</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,211,262</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Others</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">7,026,202</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">883,176</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">7,909,378</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-indent: -0.1in; padding-left: 0.1in">Total</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">200,168,092</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">3,212,965</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">25,191</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">203,406,248</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commitments under Lease Agreements</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our commitments under
our lease agreements are mainly rental payments. We can terminate lease agreements at any time at low or no cost at our option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth the maximum potential amount of future payments under our lease agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="16" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Amounts Due by Period</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Less than 1 Year</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">1-3 Years</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">3-5 Years</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">After 5 Years</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total as of December 31, 2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD>
    <TD COLSPAN="17" STYLE="font-size: 10pt; font-style: italic; text-align: center">(in thousands of Pesos)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 37%; font-size: 10pt; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Lease commitments</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-size: 10pt; text-align: right">723,905</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">492,684</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">166,599</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">184,012</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,567,200</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total commercial commitments</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">723,905</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">492,684</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">166,599</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">184,012</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">1,567,200</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a022"></A>Item 5.G</TD><TD>Safe
Harbor</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">See the discussion
at the beginning of this annual report under &ldquo;Forward-Looking Statements&rdquo; for forward-looking statement safe harbor
provisions.</P>

<!-- Field: Page; Sequence: 253; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->243<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="a023"></A>Item 6.</TD><TD>Directors, Senior Management and Employees</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Board of Directors</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to our bylaws,
our Board of Directors may be composed of a minimum of three and a maximum of nine directors, and shareholders may also appoint
an equal or lesser number of alternate directors. As of the date of this annual report, our Board of Directors is composed of eight
directors. There are no alternate directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Directors and their
alternates, if any, are appointed for a term of two years by our shareholders during the annual ordinary shareholders&rsquo; meeting.
Directors may be reelected. Alternate directors replace directors in the order in which they were elected. Directors are elected
annually in staggered elections. Despite their two-year appointment, pursuant to section 257 of the AGCL, directors will maintain
their positions until new directors are appointed at the following annual ordinary shareholders&rsquo; meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The latest election
relating to our Board of Directors took place at the ordinary and extraordinary shareholders&rsquo; meeting held on April&nbsp;27,
2021, in accordance with Article 9 of our bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the first meeting
after directors have been appointed, they must appoint a chairman and vice-chairman of the board, or, if considered appropriate,
a first vice-chairman and a second vice-chairman. The vice-chairman or, if applicable, the first vice-chairman, would automatically
replace the chairman in the event that the chairman is absent, resigns, dies or faces any other impediment to serve as chairman,
and the second vice-chairman, if applicable, would replace the first vice-chairman. In the absence of any of these directors or
chairmen, the Board of Directors may appoint who will serve as chairman or chairmen. The chairman of the board may cast two votes
in the case of a tie.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board of Directors
functions and acts upon the majority vote of its members present at its meetings either physically or via any form of audio and
visual simultaneous communication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth the composition of our Board of Directors as of April&nbsp;27, 2021:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 19%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Title</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 19%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of first <BR>
appointment to<BR> the Board<SUP>(1)</SUP></B></P></TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 19%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date&nbsp;of expiration of current term<SUP>(2)</SUP></B></P></TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 19%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Julio Patricio Supervielle</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chairman of the Board</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June&nbsp;9, 2008</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;31,&nbsp;2022</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;13,&nbsp;1956</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Jorge Oscar Ram&iacute;rez</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">First Vice-Chairman of the Board</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April&nbsp;15, 2011</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;31, 2021</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June&nbsp;26, 1961</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Em&eacute;rico Alejandro Stengel</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Second Vice-Chairman of the&nbsp;Board Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">July&nbsp;13, 2010</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;31, 2021</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;17, 1962</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Atilio Dell&rsquo;Oro Maini</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director and Corporate Secretary</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">September&nbsp;28, 2011</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;31, 2022</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">February&nbsp;13, 1956</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Eduardo Pablo Braun</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April 26, 2019</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 31, 2022</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June 25, 1963</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Jos&eacute; Mar&iacute;a Orlando</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">August 12, 2020</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 31, 2021</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">September 25, 1964</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 254; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->244<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 20%">Name</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; width: 19%">Title</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; width: 19%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of first <BR>
appointment to<BR> the Board<SUP>(1)</SUP></B></P></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; width: 19%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date&nbsp;of expiration of current term<SUP>(2)</SUP></B></P></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; width: 19%">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Laurence Nicole Mengin de Loyer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April 28, 2020</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 31, 2021</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">May 5, 1968</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Hugo Enrique Santiago Basso</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April 26, 2019</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 31, 2022</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 3, 1979</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">With the exception of Julio Patricio Supervielle and Laurence Nicole Mengin de Loyer, the respective
date of appointment to the Board of each director is also the date on which each director first joined Grupo Supervielle. Julio
Patricio Supervielle has held positions in the Board since March 21, 2000, however he has continuously served in our board since
2008. Laurence Nicole Mengin de Loyer first joined the Board on March 23, 2010, where she served as director until April 26, 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Notwithstanding the expiration date stated above, pursuant to section 257 of the AGCL, the directors
maintain their positions until the following annual ordinary shareholders&rsquo; meeting where directors are appointed.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are no family
relationships between the abovementioned current members of our Board of Directors, except for Julio Patricio Supervielle and Hugo
Enrique Santiago Basso (uncle and nephew, respectively).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following are academic
and professional backgrounds of the members of the board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Julio Patricio
Supervielle</I></B> is Chairman of the Board of Grupo Supervielle and CEO of Grupo Supervielle. He also serves as Chairman of Banco
Supervielle, Cordial Compa&ntilde;&iacute;a Financiera, Tarjeta Autom&aacute;tica, Sofital, InvertirOnline, InvertirOnline.com
Argentina, Espacio Cordial de Servicios, Bolsillo Digital and Futuros del Sur, subsidiaries of Grupo Supervielle. With over 35
years of financial industry experience, he joined the family business Exprinter-Banex in 1986 where he held various positions in
Banco Banex S.A., including General Manager, Director and Chairman of the Board. He has been leading Grupo Supervielle since early
2000. During this time, Grupo Supervielle achieved significant growth in terms of net worth, assets and deposits, successfully
completed some of its most significant acquisitions and launched its initial public offering (2016) on the New York Stock Exchange
and the Buenos Aires Stock Exchange. Mr. Supervielle has a degree in Business Administration from Universidad Cat&oacute;lica Argentina,
holds a master&rsquo;s degree from The Wharton School of the University of Pennsylvania and attended the Global CEO Program organized
by Wharton, IESE and CEIBS. As Chairman and CEO, Mr. Supervielle brings to the Board his expertise and proven leadership in the
financial industry as well as valuable insight into our strategy formulation, culture crafting, risk management and compensation,
providing an essential link between management and the Board. He also provides the Board with important perspectives on innovation,
management development and industry challenges and opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B><I>Jorge Oscar
Ram&iacute;rez</I></B> is Grupo Supervielle&rsquo;s First Vice Chairman and chairs the Global Risk Management Committee. He has
served as CEO of Grupo Supervielle from June 2018 to June 2020 and CEO of Banco Supervielle from February 2019 to June 2020. Up
to June 2020 he was also Chairman of the Board of Supervielle Seguros, Vice Chairman of Cordial Compa&ntilde;&iacute;a Financiera
and member of the Board of several other subsidiaries of Grupo Supervielle. He previously served as Regional President for Argentina,
Uruguay and the Andean region at BankBoston and served on the BoD of Alpargatas SAIC, Sigdopack Argentina and Alico. Jorge is a
Certified Public Accountant with a degree from Universidad de Buenos Aires and holds an Executive Management Program degree (PADE)
from ESE. With almost 40 years of financial services experience both in Argentina and in the Region and more than 16 years in C-level
positions, Mr. Ram&iacute;rez brings to the Board extensive industry knowledge, strategic perspective and executive experience
in Public Companies. He has broad experience in a wide variety of fields such as Finance and Capital Markets, Investor Relations,
Risk Management, Executive Compensation, Government, Legal and Regulatory issues, Executive Compensation and International Business.
Having served for more than ten years in several Boards of publicly listed or subsidiaries of publicly listed companies, he also
provides insights on Corporate Governance matters.</P>

<!-- Field: Page; Sequence: 255; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->245<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B><I>E. Alejandro
Stengel</I></B> is the CEO of Banco Supervielle, Second Vice-Chairman of Grupo Supervielle and serves on the boards of Cordial
Compa&ntilde;&iacute;a Financiera, Supervielle Seguros, InvertirOnline, Futuros del Sur and Bolsillo Digital, subsidiaries of Grupo
Supervielle. Prior to his current position Mr. Stengel was Banco Supervielle&rsquo;s COO, with operational responsibilities for
Personal &amp; Business Banking, Corporate Banking, Operations, IT and Planning. He focused on streamlining the organizational
structure, launching the Bank&rsquo;s Customer Centric strategy and implementing the Agile and Digital Transformation Program.
As board member of Grupo Supervielle he had a central role in the formation and development of Supervielle Seguros (Insurance)
and Espacio Cordial (Non-Financial Services). Before joining Grupo Supervielle, Mr. Stengel was the CEO of Los Grobo Agropecuaria,
a leading Mercosur agribusiness company that won the National Quality Award under his tenure. As a Partner of Booz Allen Hamilton,
a global management consulting firm, he worked with multinational and large corporations in Latin America, the United States and
Europe on Strategy, Governance, Organization and Operations. He led strategic integration and operations enhancement projects in
Financial Services. Mr. Stengel began his career in Corporate Banking at Citibank and Banco Santander. He earned an Industrial
Engineering degree from the Universidad de Buenos Aires and holds an MBA from The Wharton School of the University of Pennsylvania.
Mr. Stengel brings to the Board of Directors strong senior management experience and expertise in Strategy and Organizational Transformation,
developed in regional and International business settings. His participation in Boards and successful Capital raising efforts (including
an IPO) add Corporate Governance and Investor Relations to his contributions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B><I>Atilio Dell&acute;Oro
Maini</I></B> serves as Director of Grupo Supervielle, First Vice Chairman of Banco Supervielle, Chairman of Micro Lending, First
Vice Chairman of Cordial Compa&ntilde;&iacute;a Financiera, Vice Chairman of Supervielle Seguros, Vice Chairman of Sofital, Vice
Chairman of Espacio Cordial de Servicios, Vice Chairman of Tarjeta Autom&aacute;tica, Vice Chairman of InvertirOnline, Vice Chairman
of InvertirOnline.com Argentina, Vice Chairman of Bolsillo Digital and Vice Chairman of Futuros del Sur, subsidiaries of Grupo
Supervielle. In 2003, he joined the law firm Cabanellas-Etchebarne-Kelly as a Senior Partner of the Banking and Capital Markets
divisions. In 1997, he worked at the London-based global law firm Linklaters &amp; Paines. He worked in New York City as a Foreign
Associate at the law firm White &amp; Case in 1987 and Simpson Thatcher &amp; Bartlett from 1988-1989. Previously, he joined the
law firm C&aacute;rdenas, Cassagne &amp; Asociados and was made Partner in 1990. He has extensive experience advising banks and
other financial entities, corporations and governments with respect to all types of international and domestic banking and financial
transactions. Atilio is a lawyer, with degrees in Political Science and Agricultural Production. He also completed the Program
of Instruction for Lawyers at Harvard Law School. He is a Professor at the Master&rsquo;s in Business Law program at Universidad
de San Andr&eacute;s, as well as a member of the Bar Association of the city of Buenos Aires. Mr. Dell&rsquo;Oro Maini brings to
the Board +30 years of experience in the legal and financial sectors with extensive expertise in mergers and acquisitions, international
capital market transactions and strategic financial issues. Mr. Dell&rsquo;Oro Maini offers the company valuable perspective and
guidance in corporate governance, regulatory framework and Board effectiveness. He also has significant knowledge and direct involvement
in issues related to CSR/ESG initiatives.</P>

<!-- Field: Page; Sequence: 256; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->246<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Eduardo Pablo
Braun</I></B> is an Industrial Engineer graduated from Universidad de Buenos Aires, where he won the Bunge &amp; Born scholarship
for his academic excellence and holds an MBA with an emphasis in Finance and Marketing from The Wharton School, University of Pennsylvania,
1990. He is an international lecturer in Leadership and Innovation, a business consultant and the author of &lsquo;People First:
Chief Emotions Officers&rsquo;. He taught in programs at UC Berkeley, as a special guest at prestigious institutions such as IMD,
Babson College, Yale School of Management and lectures in various academic and business forums in Singapore, Dubai, Germany, the
United States and other countries. He was a professor at Universidad Cat&oacute;lica Argentina and is an expert in leadership at
Universidad de San Andr&eacute;s. From January 2016 til December 2019 he was a director of Aeropuertos Argentina 2000 appointed
by the Argentine Government. He was Director of the HSM Group between 1999 and 2011, in charge of the Global Relations Direction
with the Speakers. He is a member of the Board of multinational compnay Cuvelier Los Andes (French wines). In 2018 he was responsible
for creating and conducting the Advisory Council for the Design of the Innovation Park of the City of Buenos Aires. Previously
he was a founding partner of MIG, a management consultancy firm specialized in strategies and business development. His experience
as a management consultant began with Booz Allen &amp; Hamilton at the Paris offices in 1990, where he worked on various projects
for Europe, Brazil and Argentina, where he combined his experience as a consultant with that of executive positions. He participates
or has participated in several NGOs such as the Clinton Global Initiative, of which he was a member for 5 years, EMA (Multiple
Sclerosis Argentina), is a member of the Council of ICANA (Argentine Cultural Institute of North America) and President of the
G25 Foundation. He currently serves as an Independent Director of Grupo Supervielle S.A. Mr. Braun provides to the Board of Directors
his expertise in corporate governance, strategy and organizational culture. Including his international business experience of
working experience based in Europe and as Director of an international company in the knowledge economy. As author and international
speaker Mr. Braun has helped companies understand and tackle their cultural challenges. Mr. Braun also has experience serving as
an outside Director of a subsidiary of a public company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.3pt"><B><I>Jos&eacute;
Mar&iacute;a Orlando</I></B> studied Business Administration at Universidad Cat&oacute;lica Argentina. He worked as an officer
of Bank Boston between 1986 and 1996, holding different positions in Buenos Aires, London and Boston in the areas of Finance, Treasury
and Investment Banking. From 1996 to 1998, he served as CFO and Head of Global Markets for Deutsche Bank, DMG in Argentina. In
2000 he became CFO and CIO of Zurich Argentina. In 2005 he became Corporate Development Director and in 2007 he became CEO and
Chairman of Zurich Argentina. In 2010, he was appointed as Latin America CEO of Zurich Global Life. During that term, he also served
as Board Member of Zurich-Santander Insurance Americas in several countries. Since 2015, he has been a consultant at Deal Financial
Services, rendering advisory services in brokerage, asset management, capital markets and mutual funds to individuals, corporations
and institutional investors. He also serves as Vice Chairman of the Board of CIPPEC (Center for Research on Public Policies for
Equity and Growth) and is a Director of Clodinet S.A. (Pilara). He is a member of the Board of Colegio Madre Teresa and is Co-Founder
and First President of Voces y Ecos, an NGO focused on Media. In the past he was also a Member of the Administration Council and
Treasurer of Universidad Cat&oacute;lica Argentina; Director of Escuelas de Liderazgo Universitario; Member of the Executive Investment
Committee of M&aacute;xima AFJP; Member of the Financial Matters Committee of the Argentine Banking Association; Member of the
Board of Mercado Abierto Electr&oacute;nico S.A. and Member of the Administration Council of Club Newman. He has participated as
a speaker at numerous international conferences and seminars in the United States, Europe, Latin America and Asia. Since August
2020 he is an Independent Director of Grupo Supervielle S.A. Mr. Orlando brings extensive local and international strategic and
financial experience in commercial and investment banking, treasury, general and life insurance, asset management &amp; brokerage
through acting during more than 30 years in several international organizations as CFO, CEO, Director and shareholder. He brings
also background in organizational leadership and culture.</P>

<!-- Field: Page; Sequence: 257; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->247<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.3pt"><B><I>Laurence Nicole
Mengin de Loyer</I></B> graduated from McGill University in Canada with an undergraduate degree in Business Administration and
a master&rsquo;s degree in Business Administration. She started her career in New York City at the Mergers and Acquisitions Division
for Banque Nationale de Paris. Afterwards, in Paris, she joined the Apparel Division of Sara Lee Corporation, where she held a
number of financial positions in different business units including Financial Analyst, Financial Controller, Chief Financial Officer
and European Controller. When Sara Lee Corporation sold its European Apparel Division in 2006, she served as Group Controller of
the newly created stand-alone business with responsibilities in the reorganization, financial control, definition and implementation
of exit strategies for the private equity fund. In 2009, as a result of her move to Argentina, she joined Banco Supervielle S.A.
as Deputy Manager of the Administration Department until her nomination to the Board of Grupo Supervielle in March 2010. She served
as independent Director of Grupo Supervielle S.A. between 2016 and 2019. In April 2020, she was appointed Independent Director
of Grupo Supervielle. To date, she serves as independent Director of Biosidus (a biotech company) and Peugeot Citr&ouml;en Insurance
Company. Ms. Loyer brings to the Board of Directors extensive international business experience in a variety of industries. In
addition, she brings expertise in financial control, market discipline and audit, including experience gained as Chief Financial
Officer in a public company. She also brings expertise in global corporate governance and strategy. Laurence also has experience
serving as outside Director on other Boards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Hugo Enrique
Santiago Basso</I></B> is an Industrial Engineer graduated from Instituto Tecnol&oacute;gico de Buenos Aires (ITBA) and holds an
MBA from The Wharton School of Business, University of Pennsylvania. He began his career at Banco Banex in 2004, where he successfully
managed the merger project with Soci&eacute;t&eacute; G&eacute;n&eacute;rale Argentina. In 2007 he led the startup of the &lsquo;Cordial
Negocios&rsquo; unit, with a focus on microfinancing. Then, he continued his career in the consultancy area working for Mars &amp;
Co., with responsibilities in competitive strategy for CPG multinationals. For the last five years, he has been residing in California,
United States of America, having developed a successful career in the financial area for the wine industry in high-end brands.
After working for Treasury Wine Estates, he joined E&amp;J Gallo, currently overseeing a portfolio of ten luxury wineries. He is
Director of Grupo Supervielle S.A., Banco Supervielle S.A., Espacio Cordial de Servicios S.A. and InvertirOnline.com Argentina
S.A.U.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B><I>Duties and Liabilities
of Directors</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Directors have the
obligation to perform their duties with the loyalty and the diligence of a prudent business person. Under Section&nbsp;274 of the
AGCL, directors are jointly and severally liable to the company, the shareholders and third parties for the improper performance
of their duties, for breaching any law or the bylaws or regulations, if any, and for any damage to these parties caused by fraud,
abuse of authority or gross negligence. The following are considered integral to a director&rsquo;s duty of loyalty: (i)&nbsp;the
prohibition on using corporate assets and confidential information for private purposes; (ii)&nbsp;the prohibition on taking advantage,
or allowing another to take advantage, by action or omission, of the business opportunities of the company; (iii)&nbsp;the obligation
to exercise board powers only for the purposes for which the law, the corporation&rsquo;s bylaws or the shareholders&rsquo; or
the Board of Directors&rsquo; resolutions were intended; and (iv)&nbsp;the obligation to take strict care so that acts of the board
do not go, directly or indirectly, against the company&rsquo;s interests. A director must inform the Board of Directors and the
Supervisory Committee of any conflicting interest he or she may have in a proposed transaction and must abstain from voting thereon.</P>

<!-- Field: Page; Sequence: 258; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->248<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In general, a director
will not be held liable for a decision of the Board of Directors, even if that director participated in the decision or had knowledge
of the decision, if (i)&nbsp;there is written evidence of the director&rsquo;s opposition to the decision and (ii)&nbsp;the director
notifies the Supervisory Committee of that opposition. However, both conditions must be satisfied before the liability of the director
is claimed before the Board of Directors, the Supervisory Committee or the shareholders or relevant authority or the commercial
courts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;271 of
the AGCL allows directors to enter into agreements with the company that relate to such director&rsquo;s activity and under arms&rsquo;
length conditions. Agreements that do not satisfy any of the foregoing conditions must have prior approval of the Board of Directors
(or the Supervisory Committee in the absence of board quorum) and must be notified to the shareholders at a shareholders&rsquo;
meeting. If the shareholders reject the agreement, the directors or the members of the Supervisory Committee, as the case may be,
shall be jointly and severally liable for any damages to the company that may result from such agreement. Agreements that do not
satisfy the conditions described above and are rejected by the shareholders are null and void, without prejudice to the liability
of the directors or members of the Supervisory Committee for any damages to the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The acts or agreements
that a company enters into with a related party involving a relevant amount shall fulfill the requirements set forth in Section&nbsp;72
and 73 of the Argentine Capital Markets Law. Under Section&nbsp;72, the directors and syndics (as well as their ascendants, descendants,
spouses, brothers or sisters and the companies in which any of such persons may have a direct or indirect ownership interest) are
deemed to be a related party. A relevant amount is considered to be an amount which exceeds 1% of the net worth of the company
as per the latest balance sheet. The Board of Directors or any of its members shall require from the audit committee a report stating
if the terms of the transaction may be reasonably considered adequate in relation to normal market conditions. The company may
resolve regarding the compliance of above-mentioned requirements with prior report of two independent evaluating firms on that
matter. The Board of Directors shall make available to the shareholders the report of the audit committee or of the independent
evaluating firms, as the case may be, at the main office on the business day after the board&rsquo;s resolution was adopted and
shall communicate such fact to the shareholders of the company in the respective market bulletin. The vote of each director shall
be stated in the minutes of the Board of Directors approving the transaction. The transaction shall be submitted to the approval
of the shareholders of the company when the audit committee or both evaluating firms have not considered the terms of the transaction
to be reasonably adequate in relation to normal market conditions. In the case where a shareholder demands compensation for damages
caused by a breach of Section&nbsp;73, the burden of proof shall be placed on the defendant to prove that the act or agreement
was in accordance to the market conditions or that the transaction did not cause any damage to the company. The transfer of the
burden of proof shall not be applicable when the transaction has been approved by the Board of Directors with the favorable opinion
of the audit committee or the two evaluating firms or if the transaction has been approved by the ordinary shareholders&rsquo;
meeting without the decisive vote of the shareholder in respect of which the condition of a related party is met or has an interest
in the act or contract at issue.</P>

<!-- Field: Page; Sequence: 259; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->249<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Causes of action may
be initiated against directors if so decided at a meeting of the shareholders. If a cause of action has not been initiated within
three months of a shareholders&rsquo; resolution approving its initiation, any shareholder may start the action on behalf and on
the company&rsquo;s account. A cause of action against the directors may be also initiated by shareholders who object to the approval
of the performance of such directors if such shareholders represent, individually or in the aggregate, at least 5% of the company&rsquo;s
capital stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except in the event
of a mandatory liquidation or bankruptcy, shareholder approval of a director&rsquo;s performance, or express waiver or settlement
approved by the shareholders&rsquo; meeting, terminates any liability of a director vis-&agrave;-vis the company, provided that
shareholders representing at least 5% of the company&rsquo;s capital stock do not object and provided further that such liability
does not result from a breach of law or the company&rsquo;s bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under Argentine law,
the Board of Directors is in charge of the company&rsquo;s management and administration and, therefore, makes any and all decisions
in connection therewith, as well as those decisions expressly provided for in the AGCL, the company&rsquo;s bylaws and other applicable
regulations. Furthermore, the board is generally responsible for the execution of the resolutions passed in shareholders&rsquo;
meetings and for the performance of any particular task expressly delegated by the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Meetings, Quorum, Majorities</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our Board of Directors
must hold a minimum of one regularly scheduled meeting every three months. Meetings must also be convened when called by any member
of the Board of Directors. The quorum for a Board of Directors&rsquo; meeting is the majority of its members. The Board of Directors
will pass resolutions by the affirmative vote of the majority of members present. Pursuant to our bylaws our directors may participate
in a meeting of the Board of Directors by means of a communication system that provides for a simultaneous transmission of sound,
images and words. Directors participating by such means count for quorum purposes for all meetings and all matters of agenda, therefore
the board will pass resolutions by the affirmative vote of the majority of members present either physically or by means of such
communication system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Incentive-based Retirement Plan for Senior Management
and Directors</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In December 2016, Grupo
Supervielle approved an incentive-based retirement plan, which replaced certain existing compensation mechanisms. Members of our
senior management and Board of Directors were entitled to receive cash payments over time under the plan if certain performance
targets were met. 50% of the funds contributed by us to the plan were released to individual plan accounts once the performance
targets were met, subject to compliance with waiting periods mandated by Argentine legislation. The remaining 50% was vested after
an additional twelve-month waiting period. We initially agreed to monitor the eligibility and participation as the plan would develop
and expected to contribute approximately U.S.$3.6&nbsp;million per year to the program. The plan was approved for a one-year period.
However, the plan was not used since 2018.</P>

<!-- Field: Page; Sequence: 260; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->250<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Independence Criteria of Directors</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In accordance with
the provisions of Section&nbsp;4, Chapter I, Title XII &ldquo;<I>Transparencia en el &Aacute;mbito de la Oferta P&uacute;blica</I>&rdquo;
and Section&nbsp;11, Chapter III, Title II &ldquo;<I>&Oacute;rganos de Administraci&oacute;n y Fiscalizaci&oacute;n, Auditor&iacute;a
Externa</I>&rdquo; of the CNV Rules, we are required to report to the shareholders&rsquo; meeting, prior to vote the appointment
of any director, the status of such director as either &ldquo;independent&rdquo; or &ldquo;non-independent.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The members of the
Board of Directors and the Supervisory Committee of companies admitted to the public offering regime in Argentina must inform the
CNV within ten (10)&nbsp;business days from the date of their appointment whether such members of the Board of Directors or the
Supervisory Committee are &ldquo;independent&rdquo; pursuant to CNV standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the CNV
Rules, a director is not considered independent in certain situations, including where a director:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">is also a member of the board of the parent company or another company belonging to the same economic
group of the issuer through a preexisting relationship at the time of his or her election, or if said relationship had ceased to
exist during the previous three years;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">is or has been associated with the company or any of its shareholders having a direct or indirect
 &ldquo;significant participation&rdquo; on the same, or with corporations with which also the shareholders also have a direct or
indirect &ldquo;signification participation&rdquo;; or if he or she was associated with them through an employment relationship
during the last three years;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">has any professional relationship or is a member of a corporation that maintains frequent professional
relationships of significant nature and volume, or receives remuneration or fees (other than the one received in consideration
of his performance as a director) from the company or its shareholders having a direct or indirect &ldquo;significant participation&rdquo;
on the same, or with corporations in which the shareholders also have a direct or indirect &ldquo;significant participation.&rdquo;
This prohibition includes professional relationships and affiliations during the last three years prior to his or her appointment
as director;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">directly or indirectly owns 5% or more of shares with voting rights and/or a capital stock of the
company or any company with a &ldquo;significant participation&rdquo; in it;</TD></TR></TABLE>

<!-- Field: Page; Sequence: 261; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->251<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify">directly or indirectly sells and/or provides goods and/or services (different from those accounted
for in section c)) on a regular basis and of a significant nature and volume to the company or to its shareholders with direct
or indirect &ldquo;significant participation,&rdquo; for higher amounts than his or her remuneration as a member of the board of
directors. This prohibition includes business relationships that have been carried out during the last three years prior to his
or her appointment as director;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify">has been a director, manager, administrator or principal executive of not-for-profit organizations
that have received funds, for amounts greater than those described in section I) of article 12 of Resolution No.&nbsp;30/2011 of
the UIF and its amendments, from the company, its parent company and other companies of the same group of which it is a part, as
well as of the principal executives of any of them;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(7)</TD><TD STYLE="text-align: justify">receives any payment, including the participation in plans or stock option schemes, from the company
or companies of the same economic group, other than the compensation paid to him or her as a director, except dividends paid as
a shareholder of the company in the terms of section d) and the corresponding to the consideration set forth in section e);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify">has served as director at the company, its parent company or another company belonging to the same
economic group for more than ten years. If said relationship had ceased to exist during the previous three years, the independent
condition will be recovered;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(9)</TD><TD STYLE="text-align: justify">is the spouse or legally recognized partner, relative up to the third level of consanguinity or
up to the second level of affinity of persons who, if they were members of the board of directors, would not be independent, according
to the above listed criteria.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the CNV
Rules, a director who, after his or her appointment, falls into any of the circumstances indicted above, must immediately report
to the issuer, which must inform the CNV and the authorized markets where it lists its negotiable securities immediately upon the
occurrence of the event or upon the instance becoming known. In all cases, the references made to &ldquo;significant participation&rdquo;
set forth in the aforementioned independence criteria will be considered as referring to those individuals who hold shares representing
at least 5% of the capital stock and or the vote, or a smaller amount when they have the right to elect one or more directors by
share class or have other shareholders agreements relating to the government and administration of the company or of its parent
company; while those relating to the &ldquo;economic group&rdquo; correspond to the definition contained in section e) subsection
3, chapter V, Title II of the CNV Rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Argentine independence
standards under the CNV Rules differ in many ways from U.S. federal securities law and NYSE standards.</P>

<!-- Field: Page; Sequence: 262; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->252<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additionally, the Buenos
Aires Professional Council of Economic Sciences (<I>Consejo Profesional de Ciencias Econ&oacute;micas de la Ciudad de Buenos Aires</I>
or &ldquo;CPCECABA&rdquo;) also established certain requirements regarding the independence of public accountants which act as
members of the Supervisory Committee. Pursuant to regulations issued by the CPCECABA and the CNV, syndics must be independent from
the company they are auditing. A syndic will not be independent if he/she:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">is the owner, partner, director, administrator, manager or employee of the company or economically
related entities;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">is the spouse or relative (collateral until fourth grade), or relatives by affinity until second
grade, of one of the owners, partners, directors, administrators or managers;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">is a shareholder, debtor, creditor or guarantor of the company or economically related entities,
representing a significant amount if compared with its own wealth or the company&rsquo;s net equity;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">possesses a significant amount of interest in the company or economically related entities (or
if it has had such interest during the period to be audited);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">if the remuneration depends on or is contingent with the conclusions or results of its auditing
work;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">if the remuneration agreed depends on the result of the operations of the company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Currently, Julio Patricio
Supervielle, Jorge Oscar Ramirez, Atilio Dell&rsquo;Oro Maini, Em&eacute;rico Alejandro Stengel, Hugo Enrique Santiago Basso and
Laurence Nicole Mengin de Loyer are non-independent, whereas Eduardo Pablo Braun and Jos&eacute; Mar&iacute;a Orlando are independent
members of our board according to the criteria established by the CNV. However, Laurence Nicole Mengin de Loyer is non-independent
according to the U.S. federal securities law and the NYSE standards. See &ldquo;<I>Audit Committee</I>&rdquo; for further details
about independence requirements of the members of our Audit Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Corporate Governance</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have adopted a Corporate
Governance Code to put into effect corporate governance best practices, which are based on strict standards regarding transparency,
efficiency, ethics, investor protection and equal treatment of investors. The Corporate Governance Code follows the guidelines
established by the CNV and the Central Bank. We have also adopted a Code of Ethics and an Internal Conduct Code, each designed
to establish guidelines with respect to professional conduct, morals and employee performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Officers</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our management is comprised
of our Chief Executive Officer (&ldquo;CEO&rdquo;), Julio Patricio Supervielle, who reports to the Board of Directors, and is in
charge of ensuring that the different companies in the Group function in a coordinated manner, with synergy and efficiency, applying
the strategic guidelines defined for each business unit; the Bank&rsquo;s CEO, Em&eacute;rico Alejandro Stengel who is responsible
for developing and executing the Bank&rsquo;s business plans, enhancing key capabilities and increasing operational efficiency;
our chief financial officer (&ldquo;CFO&rdquo;), Mariano Biglia, who is in charge of the accounting, tax and planning divisions;
our Chief of Legal Affairs and AML, Sergio Gabai; our Chief Credit Officer, Pablo Di Salvo, who is in charge of our global credit
division; our Chief of Human Resources, Martin Gallo, and our Chief Technology Officer (&ldquo;CTO&rdquo;), Sergio Mazzitello.
Our Treasurer and IRO, Ana Bartesaghi, also reports to the CEO.</P>

<!-- Field: Page; Sequence: 263; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->253<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our Chief Risk Officer
(&ldquo;CRO&rdquo;), Javier Conigliaro, the Head of Internal Audit, Sergio Gustavo V&aacute;zquez, our Head of Anti Money Laundering,
Juan Cuccia, and our Compliance Officer, Moira Almar, all report to the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Executive Officer</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Profession</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Julio Patricio Supervielle</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief Executive Officer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Business Administration</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 13, 1956</TD></TR>
</TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Senior Management that reports to the CEO</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Profession</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Em&eacute;rico Alejandro Stengel</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">CEO of the Bank</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Industrial Engineer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;17, 1962</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Mariano Biglia</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief Financial Officer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Public Accountant</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 16, 1978</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Sergio Gabai</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief of Legal Affairs and AML</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Lawyer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April&nbsp;26, 1967</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Pablo Di Salvo</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief Credit Officer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Business Administration</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June&nbsp;19, 1964</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Martin Gallo</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief of Human Resources</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Lawyer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">October 18, 1978</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Sergio Mazzitello</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief Technology Officer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Information Systems</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">February&nbsp;21, 1965</TD></TR>
</TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Senior Management that report to the Board of Directors</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Profession</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Javier Conigliaro</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Chief Risk Officer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Economist</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">November&nbsp;16, 1964</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Sergio Gustavo V&aacute;zquez</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Head of Internal Audit</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Business Administration and Public Accountant</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">May&nbsp;1, 1974</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Moira Almar</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Compliance Officer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Lawyer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December 6, 1968</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Juan Cuccia</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Head of AML</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Public Accountant</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">July 22, 1971</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The CEO has five main
responsibilities: (i)&nbsp;creating value for shareholders by monitoring the business units, (ii)&nbsp;bringing innovation to the
provision of financial services, (iii)&nbsp;making sure that we deliver high quality and cost competitive services, (iv)&nbsp;leveraging
key resources to provide support for the business units and (v)&nbsp;planning and executing acquisitions and alliances that fit
into the corporate strategy.</P>

<!-- Field: Page; Sequence: 264; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->254<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bank&rsquo;s CEO is responsible for developing and executing the
Bank&rsquo;s business plans and customer centric strategy, enhancing key capabilities and increasing operational efficiency. He leads
the Bank&rsquo;s digital transformation program, ensuring its adequate implementation organization-wide. He is also responsible for implementing
the policies and the strategic goals defined by the Bank&rsquo;s Board of Directors, as well as for providing recommendations to the Board
regarding future plans and the annual budget.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The CFO directs and
oversees the controlling, accounting and tax divisions. The controlling division is responsible for continuous evaluations of short-term
and long-term strategic financial objectives, capital planning, preparing financial trends analyses and analyses of forecasts,
budgets and costs. The accounting division monitors compliance with generally accepted accounting principles and applicable federal,
state and local regulations and laws, and rules for financial reporting. The tax division is responsible for tax planning, compliance
with federal and state tax regulations and acts as advisor to business segments in the development of new products for tas matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Chief of Legal
Affairs and AML is in charge of ensuring that each of our businesses complies with internal policies and procedures within the
legal framework established by regulatory authorities (including anti-money laundering laws and regulations) and with the applicable
contractual requirements. In addition, the Chief of Legal Affairs and AML provides legal advice to Grupo Supervielle and each of
its subsidiaries regarding business development, the prevention of legal risk and conflict resolution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Chief Credit Officer
is responsible for defining and putting into practice our global credit risk policies across all business units. The Chief Credit
Officer utilizes common risk assessments and information collection platforms across all business units. He also maximizes the
value we offer clients by facilitating the transit of clients across business units through credit policies designed specifically
for upward sales and cross sales. In addition, the Chief Credit Officer maximizes penetration into different socio-economic segments
through inclusive credit policies, while ensuring that pricing is consistent with risk levels. The Chief Credit Officer also manages
and controls procedures related to credit risk and collection and recoveries for the purpose of safeguarding our assets, minimizing
losses related to defaults and maximizing the protection of our businesses&rsquo; rights and interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Chief of Human
Resources is responsible for the design and implementation of human capital strategies. The human resource manager is in charge
of global human resource policies across all business units. He functions as a strategic partner of top management to ensure that
we attract and retain the talent necessary to achieve business growth. The Chief of Human Resources&rsquo; main strategies are:
consolidating our talent pool, developing a sustainable organization focused on clients and with competitive remuneration packages,
spreading the Supervielle culture, which breeds innovation, work ethic, empowerment and merit recognition and maintaining high
morale among employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Chief Technology
Officer is responsible for leading the information technology administration, and in turn establish a solid relationship between
IT and business areas to deliver added value to the organization and ensure compliance with digital transformation objectives,
under a technological architecture framework. The CTO also leads the digital transformation of the core business with agile methodologies
and organization by tribes to contribute with the vision of becoming a technological company.</P>

<!-- Field: Page; Sequence: 265; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->255<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Treasurer &amp;
IRO heads the Treasury and Investor Relations division. As Treasurer is responsible for the company liquidity position and funding
strategies, and as IRO is responsible for preparing and providing financial information to, and coordinating with, regulatory bodies
and both domestic and international investors and analysts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The CRO is responsible
for developing and implementing an appropriate framework for the administration of overall risks that allows for the identification,
evaluation, monitoring and mitigation of credit risk, financial risk (including market risk, interest rate risk and liquidity risk),
as well as operational risks (including reputation and cybersecurity risks) for each of our businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Head of Internal
Audit is responsible, across all business units, for the audit process, evaluating and advising on internal control, corporate
governance and risk management, in order to ensure compliance with laws, regulations and internal policies, contributing to the
availability of reliable financial information, and the effectiveness and efficiency of operations, within the framework of the
strategic objectives. His scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Compliance Officer
is responsible for developing, implementing and overseeing the Ethics and Compliance program. This program includes promoting an
ethical corporate culture, monitoring the adherence to the Code of Ethics and verifying the effective enforcement of the anticorruption
policy. The Compliance Officer conducts a regular risk analysis in order to adapt the Ethics and Compliance Program after monitoring
and evaluating its effectiveness<FONT STYLE="background-color: #DDDDDD">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following are academic
and professional backgrounds of our management members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Mariano Biglia </I>has
been Chief Financial Officer of Grupo Supervielle since June 2020. He joined Grupo Supervielle as head of financial reporting in
2010, and since 2016 has served as head of administration, tax and finance, leading the financial reporting team for Supervielle&rsquo;s
IPO and Follow On. Earlier, he held several positions within the Techint Group, where he worked on the IPO of Tenaris and Ternium
and served as Controller of Ternium&rsquo;s US subsidiary. He is a Certified Public Accountant with a degree from the University
of Buenos Aires, holds an Advanced Management Program degree (AMP) from Kellogg School of Management at Northwestern University
and is a CFA charterholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Sergio Mazzitello</I>
is Chief Technology Officer of Grupo Supervielle.&#8239; He joined Supervielle in December 2019. Previously he served since 2014
as Chief Information Officer in Naranja, from Grupo Galicia. He also held several executive level positions leading cross-functional
international teams, in the areas of Business, Operations, and IT. He holds a degree in Information Systems from the University
of Buenos Aires, a master&rsquo;s in business administration from IDEA and more than 26 years&rsquo; experience in the payments
industry and in financial services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Pablo Di Salvo </I>is
the Chief Credit Officer of Grupo Supervielle since September 2017. He holds a Degree in Business Administration from the Argentine
Catholic University of Buenos Aires and he attended the Management Development Program at Universidad Austral &ndash; IAE Business
School. Mr. Di Salvo previously held senior credit risk positions at Banco Ita&uacute; Argentina and he also worked as Credit Risk
Manager at Banco Supervielle. He served in several positions at BankBoston Argentina, both in Credit Risk and in commercial areas,
including Latam Credit Risk Manager and Corporate Team Leader, and from 2003 to 2008 he was Chief Credit Risk Officer at BankBoston
Chile. He also held Credit Risk Manager positions at American Express Argentina. Mr. Di Salvo has almost 31 years of industry experience.</P>

<!-- Field: Page; Sequence: 266; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->256<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Sergio Gabai</I>
has been Chief of Legal Affairs and AML of Grupo Supervielle since May 2012. He joined Banco Supervielle in 2016 as Head of the
Legal Department. He also serves as Vice President of the Board of MILA, as Director of Sofital, Tarjeta Autom&aacute;tica, Espacio
Cordial de Servicios and IOL.Com, and as alternate syndic of Easy Cambio S.A. From 2000 through 2007 he was in charge of BBVA Banco
Franc&eacute;s Legal Services for the Banking Business Department. Prior to this role, he was the Legal Affairs Assistant Manager
at Bank Boston. A graduate of the Universidad de Buenos Aires as an Attorney-at-Law, he also holds a master&rsquo;s degree in Economics
and Insurance Law from the Universidad Cat&oacute;lica Argentina and a Ph.D. in Management from University of Navarra&rsquo;s IESE
Business School. He attended the Management Program for Lawyers at Yale University. He has 25 years of industry experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Juan Mart&iacute;n
Gallo </I>has been appointed Chief Human Resources Officer of Grupo Supervielle and Banco Supervielle as of January 2021. He previously
served as Human Resources Manager of Grupo Supervielle&acute;s Consumer Division, leading the company&acute;s cultural transformation
process. He joined Supervielle in August 2012 and held the position of Labor Relations Leader and later, Labor Advice Manager.
Since his arrival at Supervielle, he has actively participated in the acquisitions carried out by the Company. Prior to joining
Supervielle, he developed his professional career working at Law Offices, advising companies in various fields, including Banco
Supervielle for 5 years since 2007. He is a Lawyer graduated from Universidad Cat&oacute;lica Argentina, he is currently completing
the master&rsquo;s degree in business and administration at the IAE School Business of Universidad Austral. He participated in the Management
for Lawyers Program at Yale University and the International Labor Standards Program at the International Labor Organization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Javier Conigliaro</I>
has been Chief Risk Officer of Grupo Supervielle since July 2016. He served as Chief Risk Officer of Banco Supervielle from 2012
through 2016. He held previous several positions at Banco Supervielle, Head of Corporate Risk in Soci&eacute;t&eacute; G&eacute;n&eacute;rale
Argentina, Credit Risk Senior analyst in SocGen New York and in Beal WestLB Argentina. With overall 32 years of experience in the
risk industry within financial institutions, Mr. Conigliaro is an economist with graduate studies from the University of Buenos
Aires, he attended the Executive Education Program in Risk Management at Kellogg School of Management &amp; PRMIA and the Management
Development Program at Universidad Austral &ndash; IAE Business School. He reports to the Board of Directors.&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Sergio Gustavo V&aacute;zquez</I>
has been Head of Internal Audit since March 2019.&#8239; Prior to his appointment he was Audit Director at Banco Ita&uacute; and
its subsidiaries in Argentina, from June 2013 to March 2018, and he added responsibilities as Head of Audit Northern Hemisphere
Subsidiaries since 2017. He also held several positions within the Audit area in Ita&uacute; from 1998 to 2013 where he served
as Latam Audit System Supervisor in Ita&uacute; Latam Subsidiaries, among others. He developed an extensive career with a scope
of Risk, Finance, Analytics and IT. He holds degrees in Business Administration and Public Accountant from the University of Buenos
Aires and an MBA from the IAE. He also obtained international certifications as Internal Auditor &ldquo;CIA&rdquo; from the Institute
of Internal Auditors in 2001 and as Information System Auditor &ldquo;CISA&rdquo; from ISACA in 2006.&#8239;</P>

<!-- Field: Page; Sequence: 267; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->257<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Moira Almar</I>
has been Compliance Officer since October 2017. She previously served as the Head of Compliance at Banco Santander Rio from 2006
to 2017, having worked before in various compliance and commercial positions also at Santander Rio. Moira holds a Law Degree from
the National University of La Plata, Masters in Banking Disciplines at the University of Siena - Italy and completed the Executive
Management Development Program of the School of Business Management (EDDE / UADE). She has 24 years of industry experience and
16 in compliance. This area reports directly to the Ethic, Compliance &amp; Corporate Governance Committee of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Ana Bartesaghi </I>is
Grupo Supervielle&rsquo;s Treasurer and IRO since September 2011. She also serves as Director of Supervielle Seguros and Sofital.
She was previously Head of Capital Markets at Banco Supervielle from 2004 to 2011 and she held prior positions at Citibank, Banco
CMF, and Soci&eacute;t&eacute; G&eacute;n&eacute;rale. She is a Certified Public Accountant from the University of Montevideo in
Uruguay, and a post graduate degree in Economics from University of CEMA in Buenos Aires. She has 29 years of industry experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><I>Juan Cuccia </I>has been Head of AML
of Grupo Supervielle since September 2006. He also serves as the Secretary of the AML Committee of Grupo Supervielle. He is a Certified
Public Accountant with a degree from the Universidad Argentina de la Empresa. He also holds a degree in Business Administration
from the same university. Earlier he held several executive level positions related with Compliance, AML and Internal Audit within
HSBC Group Argentina S.A. He has 24 years of industry experience. He has been a teacher of the Postgraduate Program in Prevention
of Money Laundering and Terrorism Financing at the Buenos Aires University (UBA) since 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the biographies
of Mr. Julio Patricio Supervielle and Mr. Em&eacute;rico Alejandro Stengel, see &ldquo;&mdash;<I>Board of Directors</I>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Supervisory Committee</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have a monitoring
body called the supervisory committee (&ldquo;Supervisory Committee&rdquo;). Our Supervisory Committee consists of three syndics
and three alternate syndics appointed by the shareholders at our annual ordinary shareholders&rsquo; meeting. The syndics and their
alternates are elected for a period of one year, and any compensation paid to our syndics must have been previously approved at
an ordinary shareholders&rsquo; meeting. The term of office of the members of the Supervisory Committee expires on the annual ordinary
shareholders&rsquo; meeting to consider our financial statements as of December&nbsp;31, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the AGCL,
only lawyers and accountants admitted to practice in Argentina and domiciled in Argentina or civil partnerships composed of such
persons may serve as syndics in an Argentine <I>sociedad an&oacute;nima</I>, or limited liability corporation.</P>

<!-- Field: Page; Sequence: 268; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->258<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The primary responsibilities
of the Supervisory Committee are to monitor compliance with the AGCL, the bylaws, its regulations, if any, and the shareholders&rsquo;
resolutions, to supervise the administration of the company and to perform other functions, including, but not limited to: (i)&nbsp;attending
shareholders&rsquo; and Board of Directors&rsquo; meetings, (ii)&nbsp;calling extraordinary shareholders&rsquo; meetings when deemed
necessary and ordinary and special shareholders&rsquo; meetings when not called by the Board of Directors, (iii)&nbsp;monitoring
the company&rsquo;s corporate records and other documents, and (iv)&nbsp;investigating written complaints of shareholders. In performing
these functions, the Supervisory Committee does not control our operations or assess the merits of the decisions made by the Board
of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following chart
shows the members of our Supervisory Committee appointed by the annual ordinary and extraordinary shareholders&rsquo; meeting held
on April&nbsp;27, 2021. According to Technical Resolution No.&nbsp;15 of the Argentine Federation of Professional Counsel of Economic
Sciences and Section&nbsp;III, Chapter III of Title II of the CNV Rules, all of our syndics and alternate syndics are independent.
<FONT STYLE="background-color: white">All </FONT>of the members of our <FONT STYLE="background-color: white">Supervisory Committee
were appointed for the term of one year, until the annual shareholders&rsquo; meeting that considers the financial statements corresponding
to the fiscal year ended December&nbsp;31, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Beginning Date of Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; text-indent: -0.1in; padding-left: 0.1in">Enrique Jos&eacute; Barreiro</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Syndic</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June&nbsp;8, 2009</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">December&nbsp;5,&nbsp;1945</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; text-indent: -0.1in; padding-left: 0.1in">Carlos Alfredo Ojeda</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Syndic</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">July 25, 2019</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">January&nbsp;17,1944</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; text-indent: -0.1in; padding-left: 0.1in">Valeria Del Bono Lonardi</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Syndic</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April&nbsp;24, 2018</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">September&nbsp;6,&nbsp;1965</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Beginning Date of Office</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Date of Birth</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; text-indent: -0.1in; padding-left: 0.1in">Carlos Enrique Lose</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Alternate Syndic</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June&nbsp;8, 2009</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">October&nbsp;2,1943</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; text-indent: -0.1in; padding-left: 0.1in">Roberto An&iacute;bal Boggiano</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Alternate Syndic</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">June&nbsp;8, 2009</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">September&nbsp;1,1955</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; text-indent: -0.1in; padding-left: 0.1in">Jorge Antonio Berm&uacute;dez</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Alternate Syndic</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">April 28, 2020</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">March 12, 1946</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following are academic
and professional backgrounds of the Supervisory Committee members:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Enrique Jos&eacute;
Barreiro</I> holds a degree in Accountancy graduated from Universidad Nacional de Lomas de Zamora. From 1969 until May 2000, he
worked at Banco Tornquist/Credit Lyonnais, where he held the position of Assistant Accountant. From June 2000 until June 2007,
he held the position of Assistant Accountant and General Accountant at Banco San Luis/Banco Banex S.A. He currently serves as a
Syndic of Grupo Supervielle S.A., Banco Supervielle S.A., Tarjeta Autom&aacute;tica S.A., Sofital S.A.F. e I.I., Cordial Compa&ntilde;&iacute;a
Financiera S.A., Espacio Cordial de Servicios S.A., Supervielle Seguros S.A., Micro Lending S.A.U., InvertirOnline S.A.U., InvertirOnline.com
Argentina S.A.U., Supervielle Productores Asesores de Seguros S.A., Bolsillo Digital S.A.U. and Futuros del Sur S.A.U.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Carlos Alfredo Ojeda</I>
holds a degree in Accountancy graduated from Universidad de Buenos Aires. He was an Internal Audit Manager of the International
Division of Gillette Company until 1977, and worked in Argentina, Brazil, Chile and Per&uacute;. He was a partner of a major local
audit firm until 1995. He is a consultant on audit and corporate issues and has an active participation in management and control
aspects of corporations in various industries. He has lectured at Universidad de Buenos Aires, including courses on Financial Planning
and Budget Control and Audit and Management Control. He was also a speaker at various seminars and courses in his areas of specialty.
He is a co-author of Auditor&iacute;a &ndash; T&eacute;cnica y Pr&aacute;ctica and Normas para la Presentaci&oacute;n de Estados
Contables de Sociedades por Acciones. He is also a contributor to the publication Doctrina Societaria y Concursal. He currently
serves as Syndic of Grupo Supervielle S.A.</P>

<!-- Field: Page; Sequence: 269; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->259<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Valeria Del Bono</I>
Lonardi is a Lawyer graduated from Universidad de Buenos Aires and attended other professional specialization courses, including
the International Criminal Update Program at Universidad Austral (2009). She joined Salvi Law Firm in 1995 and since then has been
dedicated to the counseling and practice of criminal law. Her professional specialization is mainly based on the dogmatic of criminal
offenses, with permanent assistance to insurance companies and independent professionals; the elaboration of strategies and proposals
of technical defenses in the framework of oral and public trials and the advice on the prevention of corporate fraud, particularly
to banking and financial entities. She is a member of the Bar Association of Buenos Aires and of the Bar Association of San Isidro.
She currently serves as a Syndic of Grupo Supervielle S.A. and as an Alternate Syndic of Banco Supervielle S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Carlos Enrique Lose
</I>holds a degree in Accountancy graduated from the Universidad de Buenos Aires. He worked for several years in the Audit Department
of an important audit firm, and later dedicated to providing business advice. He was a lecturer at the Universidad de Buenos Aires&rsquo;
School of Economics and has lectured courses at both public and private professional institutions. He is a founding partner of
Berm&uacute;dez, Lose&nbsp;&amp; Asociados. He has published different Works with specialized journals and is a co-author of the
book Normas de Presentaci&oacute;n de Estados Contables de Sociedades por Acciones. He currently serves as an Alternate Syndic
of Grupo Supervielle S.A, Cordial Compa&ntilde;&iacute;a Financiera S.A., Espacio Cordial de Servicios S.A., Micro Lending S.A.U.,
InvertirOnline S.A.U., InvertirOnline.com Argentina S.A.U., Bolsillo Digital S.A.U. y Futuros del Sur S.A.U.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Roberto An&iacute;bal
Boggiano</I> holds a degree in Accountancy graduated from Universidad de Buenos Aires. He attended post graduate seminars on planning
and corporate taxation. He has worked at several companies, including Celulosa Jujuy S.A., where he was as an analyst accountant
assistant, general accountant and chief of planning from 1978 to 1994; Sert S.A., where he served as the administrative manager
from 1994 to 1995; and Estudio Carlos Asato y Asociados, where he was in charge of corporate taxation and advising from 1995 to
2011. He currently serves as an Alternate Syndic of Grupo Supervielle S.A. and as Syndic of Banco Supervielle S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Jorge Antonio Berm&uacute;dez
</I>holds a degree in Accountancy from Universidad de Buenos Aires. After working in the Audit Department of a major firm, he specialized
in the Consulting and Finance fields, where he held senior management positions at important service companies. Later on he became
a full time advisor in these fields. He was also a professor at the School of Economics of Universidad de Buenos Aires and lectured
courses in private entities in addition to those arranged by his own firm. At present, he is an alternate syndic of Grupo Supervielle
S.A., Banco Supervielle S.A., Cordial Compa&ntilde;&iacute;a Financiera S.A., Espacio Cordial de Servicios S.A., Micro Lending
S.A.U., InvertirOnline S.A.U., InvertirOnline.com S.A.U., Bolsillo Digital S.A.U. y Futuros del Sur S.A.U.</P>

<!-- Field: Page; Sequence: 270; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->260<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to the provisions
of Section&nbsp;79 of the Argentine Capital Markets Law, listed companies which have an audit committee are allowed not to have
a Supervisory Committee. Such decision may only be adopted by an extraordinary shareholders meeting with a special quorum and supermajority
of 75% of the voting stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Compensation of Directors, Management and Supervisory Committee</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our shareholders fix
our directors&rsquo; compensation, including their salaries and any additional wages arising from the directors&rsquo; permanent
performance of any administrative or technical activity. Compensation of our directors is regulated by the AGCL and the CNV regulations.
Any compensation paid to our directors must have been previously approved at an ordinary shareholders&rsquo; meeting. Section&nbsp;261
of the AGCL provides that the compensation paid to all directors in a year may not exceed 5.0% of net income for such year, if
the company is not paying dividends in respect of such net income. The AGCL increases the annual limitation on director compensation
to up to 25.0% of net income based on the amount of dividends, if any, that are paid. In the case of directors that perform duties
at special committees or perform administrative or technical tasks, the aforesaid limits may be exceeded if a shareholders&rsquo;
meeting so approves, such issue is included in the agenda, and is in accordance with the regulations of the CNV. In any case, the
compensation of all directors and members of the supervisory committee requires shareholders&rsquo; ratification at an ordinary
shareholders&rsquo; meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have not entered
into employment contracts with the members of our Board of Directors, except for E. Alejandro Stengel as CEO of the Bank. We have
assigned certain executive and technical-administrative functions to some of our directors. As of the date of this annual report,
neither we, nor any of our affiliates, have entered into any agreement that provides for any benefit or compensation to any director
after expiration of his or her term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The aggregate compensation
paid to our directors, senior management and members of our Supervisory Committee in 2020 was approximately Ps. 296.2 million,
Ps. 332.6 million and Ps.0.6 million, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Audit Committee</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the Argentine
Capital Markets Law and its implementing regulations, we are required to have an audit committee consisting of at least three members
of our Board of Directors with experience in business, finance, accounting, banking and audit matters. Under CNV regulations, at
least a majority of the members of the audit committee must be independent directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a foreign private
issuer listed in the United States, our audit committee is composed of independent members designated by our Board of Directors,
who are independent under Rule 10A-3 under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All three members of
our audit committee are financially literate and Laurence Nicole Mengin de Loyer is a financial expert.</P>

<!-- Field: Page; Sequence: 271; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->261<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We will take the necessary
measures to ensure that independent alternate members are available in order to fill possible vacancies. A quorum for a decision
by the audit committee will require the presence of a majority of its members and matters will be decided by the vote of a majority
of those present at the meeting. A chairman of the committee must be appointed during the first meeting after members of the committee
have been appointed. The chairman of the committee may cast two votes in the case of a tie. Pursuant to our bylaws, audit committee
members may participate in a meeting of the committee by means of a communication system that provides for a simultaneous transmission
of sound, images and words, and members participating by such means count for quorum purposes and the committee will pass resolutions
by the affirmative vote of the majority of members present either physically or by means of such communication system. If the committee
holds meetings by means of such communication system, it must comply with the same requirements applicable to Board of Directors&rsquo;
meetings held in such way. Decisions of the audit committee will be recorded in a special corporate book and will be signed by
all members of the committee who were present at the meeting. Pursuant to Section&nbsp;17 Chapter III Title II of the CNV Rules,
the audit committee must hold at least one regularly scheduled meeting every three months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Audit Commitee has a written
charter that establishes its duties and responsibilities. The current charter was approved by the Board of Directors in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0">Our audit committee performs the following duties and responsibilities
among others:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">oversees the adequacy, appropriateness and effectiveness of our internal control systems to ensure
the reasonableness, reliability, adequacy and transparency of our consolidated financial statements, financial and accounting information
and our consolidated financial statements and information;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">takes notice of complaints regarding accounting,
internal controls over financial reporting and auditing matters, received through the applicable procedures.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">provides the market with complete information on transactions in which there may be a conflict
of interest with members of our various corporate bodies or controlling shareholders;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">advises on the Board of Directors&acute; proposal for the designation
of the external auditors, ensures their independence, analyzes the different services rendered by them, reviews their plans and evaluates
their performance, giving an opinion on this matter when the Company issues its financial statements;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">ensures that the Code of Ethics and Internal Conduct Code comply with current rules and regulations;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">maintains an understanding of the internal auditing procedures to ensure
that they are complete and up-to-date and approves such procedures to then submit them to the Board of Directors for their consideration
and approval;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">takes knowledge of Grupo Supervielle&rsquo;s financial, reputational, legal and operative risks,
and oversees compliance with policies designed to mitigate these such risks;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">advises on the reasonableness of fees or stock option plans for our directors and managers proposed
by the Board of Directors;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">issues grounded opinions on related-party transactions under certain circumstances and file such
opinions with regulatory agencies as required by the CNV;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">verifies the fulfillment of any applicable rules of conduct;</TD></TR></TABLE>

<!-- Field: Page; Sequence: 272; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->262<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">oversees the maintenance of adequate internal controls by each of Grupo Supervielle&rsquo;s subsidiaries
to minimize risk through the consolidation of best practices with respect to each of the businesses; </TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">advises on our fulfillment of legal requirements and the reasonableness of the terms of the issuance
of shares or other instruments that are convertible into shares in cases of capital increase in which pre-emptive rights are excluded
or limited;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">issues a report before any Board of Directors&acute;
resolution to buyback our shares;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">at least once a year and upon the filing of the
Company&acute;s annual financial statements, issues a report to the Board and the shareholders addressing the work done to perform its
duties, and the results of its work; and</FONT></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">performs all duties stated
in its chart, our bylaws and laws and regulations.</FONT></TD></TR>
                                                         </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additionally, the audit
committee is required to prepare an annual working plan and present it to the Board of Directors and the Supervisory Committee.
Members of the board, members of the Supervisory Committee and external independent accountants are required to attend the meetings
of the audit committee if the audit committee so requests it, and are required to grant the audit committee full cooperation and
information. The audit committee is entitled to hire experts and counsel to assist it in its tasks and has full access to all of
our information and documentation that it may deem necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following chart
shows the current membership of our Audit Committee:<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Position</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Profession</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><B>Status<SUP>(1)</SUP></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Laurence Nicole Mengin de Loyer<SUP>(2)</SUP></FONT></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director, Chairperson of the Committee</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Business Administration (Financial Expert)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Independent</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Jos&eacute; Mar&iacute;a Orlando</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Business Administration</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Independent</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Eduardo Pablo Braun</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Industrial Engineer and Business Administration</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">Independent</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Pursuant to Rule&nbsp;10A-3 of the Exchange Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">As from the Shareholders&rsquo; Meeting held on April 27, 2021, Ms. Mengin de Loyer is a Non-Independent
Director pursuant to the CNV Regulations whereas she is an Independent Director pursuant to Rule 10A-3 of the Exchange Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Sergio Vazquez, our
Head of Internal Audit, is the Secretary of the audit committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Anti-Money Laundering and Anti-Terrorist Finance Committee</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have an anti-money
laundering and anti-terrorist finance committee consisting of three members of our Board of Directors. Decisions of the anti-money
laundering and anti-terrorist finance committee are recorded in a special corporate book and signed by all members of the committee
who were present at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Among its duties, the
anti-money laundering and anti-terrorist finance committee must:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">oversee compliance with current applicable anti-money laundering rules and ensure that Grupo Supervielle
and its subsidiaries are in compliance with best practices related to anti-money laundering;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in"></P>

<!-- Field: Page; Sequence: 273; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->263<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">take knowledge of the amendments to the applicable regulations and provide for the timely revision
of the internal policies and procedures manuals accordingly;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">maintain an understanding of the best market anti-money laundering practices and oversee its implementation
at the Group&rsquo;s and its subsidiaries&rsquo; level;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">oversee compliance with disclosure of information to the competent authorities; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">carry out all those functions established by the rules of the Financial Intelligence Unit and other
applicable provisions on the matter.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth the members of the anti-money laundering and anti-terrorist finance committee.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 64%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Position</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Atilio Dell&rsquo;Oro Maini</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Director, Chairman of the Committee, Responsible Officer before&nbsp;UIF</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Em&eacute;rico Alejandro Stengel</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Hugo Santiago Enrique Basso</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Juan Cuccia</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Head of AML, Rapporteur Member</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Risk Management Committee</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The risk management
committee is composed of at least two directors and of members of our management team, and of management of our main subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our risk management
committee performs the following functions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">develops strategies and policies for the management of credit risk, market risk, interest rate
risk, liquidity risk, operational risk and other risks that could affect us, makes sure our strategies and policies are in line
with regulations and best practices and oversees their correct implementation and enforcement and defines Grupo Supervielle&rsquo;s
risk appetite and tolerance and the global risk profile for the approval of the Board of Directors;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">approves limits relating to the management of credit risk, market risk, interest rate risk and
liquidity risk, and monitors the evolution of key indicators relating to operational risk, which includes a map of risks used by
the trading desk for trading operations and the map of risks for investment operations at a consolidated level;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">periodically monitors the risks that Grupo Supervielle faces and the application of strategies
and policies designed to address such risks;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></P>

<!-- Field: Page; Sequence: 274; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->264<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">defines the general criteria for pricing risk;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">evaluates the adequacy of capital with respect to Grupo Supervielle&rsquo;s risk profile;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">defines policy and the methodological framework for performing stress tests with respect to risk
management, approves scenarios for conducting individual stress tests for particular and general risks, evaluates and discusses
the results of the stress tests that are presented and recommends contingency plans to address such risks, utilizes the results
of the stress tests for the consideration of establishing or revising the limits and brings all of the results of the tests to
the Board of Directors for approval;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">designs effective information channels and systems for the Board of Directors related to risk management;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">ensures that our subsidiaries&rsquo; management compensation plans incentivize a prudent level
of each risk;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">approves risk management quantitative models and monitors the effectiveness of such models; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify">remains aware of the memos and rules related to risk published by each regulatory agency that regulates
any of our subsidiaries, as well as understands the repercussions that the application of such memos or rules could have on our
operations.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table
sets forth the members of the risk management committee.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Name</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 64%; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Position</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Jorge Oscar Ram&iacute;rez</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Chairman of the Committee, Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Julio Patricio Supervielle</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Chairman of the Board and CEO</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Em&eacute;rico Alejandro Stengel</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Laurence Nicole Mengin de Loyer</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Mariano Biglia</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Chief Financial Officer (CFO)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Javier Conigliaro</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Chief Risk Officer (CRO), Secretary of the Committee</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in"></P>

<!-- Field: Page; Sequence: 275; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->265<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->







<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ethics,
Compliance and Corporate Governance Committee</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
ethics, compliance and corporate governance committee is tasked with assisting the Board of Directors in adopting the best practices
of good corporate governance aimed at maximizing the growth capacity of Grupo Supervielle and its related companies and prevent
the destruction of value. It also assists the Board of Directors in overseeing its Ethics and Compliance Program. Our ethics,
compliance and corporate governance committee performs the following functions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">prepares
                                         and submits to the Board of Directors for its approval the Code of Corporate Governance
                                         and the codes, policies and procedures with regards to Ethics and Compliance, aiming
                                         to a progressive convergence towards the international standards of ethics, compliance
                                         and corporate governance;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">proposes
                                         to the Board of Directors the agenda related to ethics and compliance;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">defines
                                         policies and procedures related to ethics and compliance;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">promotes,
                                         follows-up and oversees the compliance with the Code of Corporate Governance, and with
                                         the codes, policies and procedures related to Ethics and Compliance and informs the Board
                                         of Directors of any deviations that may occur and makes recommendations accordingly;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">takes
                                         knowledge of all applicable regulations and their impact within the Group&rsquo;s practices;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">makes
                                         recommendations to the Board of Directors on the gradual and progressive adoption of
                                         the provisions set forth by the CNV and the Central Bank regarding corporate governance
                                         standards;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">takes
                                         knowledge of the recommendations of the Basel Committee accords and makes recommendations
                                         to the Board of Directors for their gradual and progressive adoption;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">submits
                                         to the Board of Directors an Annual Report of Compliance with the Code of Corporate Governance;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reviews
                                         the results of the inspections carried out by the Central Bank and any other regulatory
                                         bodies and addresses the observations of the external auditors as regards ethics, compliance
                                         and corporate governance issues;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reports
                                         to the Board of Directors on the general situation of the Code of Corporate Governance,
                                         ethics and compliance as well as on incidents and complaints;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">proposes
                                         to the Board of Directors any changes to the terms of reference of the Board Committees
                                         in order to improve the execution of its objectives and functions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">proposes
                                         policies and procedures to the Board of Directors for the assessment and self-evaluation
                                         of the Board and its members and of the board committees;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">defines
                                         policies and guidelines with regards to the Group&rsquo;s related parties;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 276; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->266<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">revises
                                         from time to time the terms of the Code of Ethics and of the Code of Corporate Governance;
                                         and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">carries
                                         out any other acts within its competence, as may be requested by the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the ethics, compliance and corporate governance committee.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 2%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 65%; padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Atilio
    Dell&rsquo;Oro Maini </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director,
    Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Laurence
    Mengin de Loyer </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moira
    Almar </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance
    Officer, Secretary of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Gabai</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    of Legal Affairs and AML</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Risk Officer (CRO)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    V&aacute;zquez</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Internal Audit</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leandro
    Carletti</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Corporate Affairs</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nomination
and Remuneration Committee</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Nomination and Remuneration Committee is composed of at least three directors. The Chairman of the Committee must be an independent
director under the Regulations terms of the CNV.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Nomination and Remuneration Committee performs the following functions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">assists
                                         the Board of Directors in the nomination of Directors process and in the definition of
                                         criteria for identification and selection of qualified individuals to be candidates for
                                         the Board of Directors;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">identifies
                                         and interviews candidates to be part of the Board of Directors and recommend candidates
                                         to the Board to be nominated at the Shareholders&rsquo; Meeting;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">coordinates
                                         the induction process for new members of the Board of Directors and Senior Management;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">dictates
                                         principles, parameters and guidelines of remuneration policies applicable to independent
                                         and non-independent members of the Board of Directors, Senior Management and staff in
                                         general, including (as the case may be) fee schemes, fixed and variable salaries and
                                         incentive plans, retirement plans and associated benefits, following current regulatory
                                         provisions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">carries
                                         out an annual evaluation of the financial incentives system for Senior Management, which
                                         may be carried out by an independent firm. Work together with the Risk Management Committee
                                         in evaluating incentives generated by the aforementioned economic incentive system for
                                         personnel;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>



<!-- Field: Page; Sequence: 277; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->267<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">prepares
                                         (in conjunction with the Ethics, Compliance &amp; Corporate Governance Committee) criteria
                                         and guidelines for the Board&rsquo;s self-evaluation process and review it periodically;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">coordinates
                                         implementation of the Board&rsquo;s annual self-evaluation and prepare an annual report on
                                         the matter, in accordance with established evaluation guidelines and criteria. Also coordinate
                                         self-evaluation of the Board Committees performance;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">raises
                                         proposals for strategic human resources plans to the Board, including but not limited
                                         to, human capital development plans, incentive plans and / or monetary and non-monetary
                                         benefits, communication plans, labor relations plans and training plans and carry out
                                         periodic monitoring of the implementation of said strategic plans;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">dictates
                                         guidelines to conduct annual performance evaluations of personnel;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">submits
                                         proposals to the Board of Directors for appointments of senior managers of Grupo Supervielle
                                         companies (CEO, Deputy CEO and Senior Managers);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">promotes
                                         achievement of high standards of integrity and honesty on the part of all employees of
                                         Grupo Supervielle and its subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">approves
                                         and inform the Board of Directors of the contracting of insurance policies applicable
                                         to the Board of Directors and members of Senior Management;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reviews
                                         the organizational structure of Grupo Supervielle and its subsidiaries;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">proposes
                                         recommendations to the Board of Directors regarding its composition; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">exercises
                                         those other competencies assigned to this committee by the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the Nominations and Remuneration Committee.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 2%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 65%; padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Eduardo
    Pablo Braun </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Independent
    Director, Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Julio
    Patricio Supervielle<SUP>(1)</SUP> </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board and CEO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hugo
    Enrique Santiago Basso </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Laurence
    Mengin de Loyer</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>&nbsp;</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>(1)
</SUP>Julio Patricio Supervielle is an executive Director in his capacity as CEO of the company</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in"></P>





<!-- Field: Page; Sequence: 278; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->268<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Martin
Gallo, our Chief Human Resources Officer, is the Secretary of the committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disclosure
Committee</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
disclosure committee is responsible for the following tasks:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">supervise
                                         our system of controls and disclosure procedures to ensure that the information required
                                         to be made known to the public (directly or through regulatory bodies) is recorded, processed,
                                         summarized and reported accurately and in a timely manner;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">evaluate
                                         the effectiveness of disclosure controls and procedures to determine the need or desirability
                                         of making changes to those controls and procedures in relation to the preparation of
                                         the next periodic reports;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">review
                                         of any information related to a material fact that must be submitted to the Argentine
                                         Securities and Exchange Commission, Buenos Aires Stock Exchange, Mercado Abierto Electr&oacute;nico
                                         S.A., Securities and Exchange Commission, New York Stock Exchange, the Argentine Central
                                         Bank, the Superintendency of Insurance, and any other regulatory body with which it interacts
                                         and which relates to (i)&nbsp;mandatory reports; (ii)&nbsp;press releases containing
                                         financial information, information on significant or material transactions; (iii)&nbsp;publication
                                         of relevant facts, (iv)&nbsp;oral communication and written correspondence for dissemination
                                         to shareholders and investors; and (v)&nbsp;any other relevant piece of information that
                                         should be communicated; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">propose
                                         to the Board the policy for the management of confidential information and control its
                                         compliance, particularly that related to legal persons.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the disclosure committee.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 65%; padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Julio
    Patricio Supervielle </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board and CEO, Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Atilio
    Dell&rsquo;Oro Maini </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Laurence
    Nicole Mengin de Loyer </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mariano
    Biglia </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer (CFO)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Risk Officer (CRO)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Gabai </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    of Legal Affairs and AML</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ana
    Bartesaghi </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Treasurer
    and Investor Relations Officer (IRO), Secretary of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mat&iacute;as
    Gonz&aacute;lez Carrara </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Accountancy of Banco Supervielle</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>





<!-- Field: Page; Sequence: 279; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->269<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Committee
for the Analysis of Operations with Related Parties</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
committee for the analysis of operations with related parties has advisory and supervision powers to evaluate the operations to
be performed between by Grupo Supervielle&rsquo;s related parties as established in the Policy of Approval of Operations with
related parties, connected counterparties and related persons in order to ensure that such operations are granted under the conditions
required by the applicable regulations and in a transparent manner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">The
following table sets forth the members of the committee for the analysis of operations with related parties.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 2%; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 65%; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Atilio
    Dell&rsquo;Oro Maini </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director,
    Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Laurence
    Nicole Mengin de Loyer </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Eduardo
    P. Braun </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Julio
    Patricio Supervielle </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board and CEO</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pablo
    Di Salvo </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Credit Officer (CCO)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Risk Officer (CRO)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Gabai </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    of Legal Affairs and AML</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moira
    Almar </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance
    Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hern&aacute;n
    Oliver </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Treasury and Global Markets at Banco Supervielle</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    upon invitation </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO
    of any subsidiary which operation is under committee&rsquo;s analysis</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cyersecurity
Committee</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
main objectives of the Cybersecurity Committee are to evaluate and implement the policies that are proposed with regards to cybersecurity
within the field of the Information Security, including the definitions of risk appetite and the risk map of information security.
In addition, it must ensure compliance with these policies, including the contingency plans for cybersecurity events.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the cybersecurity committee.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 65%; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Julio
    Patricio Supervielle </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board and CEO, Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Atilio
    Dell&rsquo;Oro Maini </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E.
    Alejandro Stengel </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director,
    CEO of Banco Supervielle</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Mazzitello </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Technology Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Risk Officer (CRO)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Others
    from management team </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CIOs
    of Grupo Supervielle&rsquo;s subsidiaries</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CISOs
    of Grupo Supervielle&rsquo;s subsidiaries</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>





<!-- Field: Page; Sequence: 280; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->270<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fintech
Committee</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
main objectives of the Fintech Committee are to analyze and approve the Company&rsquo;s interest in fintech ventures, products
and related projects; to propose and approve budgets and investments for each undertaking, and to monitor the evolution of undertakings
and projects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the fintech committee.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 2%; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 65%; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E.
    Alejandro Stengel </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    members of management as related to the nature of the proposed investment, upon invitation</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banco
Supervielle S.A.&rsquo;s Board of Directors</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
main subsidiary, the Bank, is managed by its Board of Directors, which is currently comprised of five members. As of the date
of this annual report, the shareholders present at any annual ordinary meeting may determine the size of the Board of Directors,
provided that there shall be no less than three and no more than nine directors, and appoint an equal or lesser number of alternate
directors. Any director so appointed will serve for two years. The elections of the Bank&rsquo;s Board of Directors are staggered.
As of the date of this annual report, one half of the members of the Bank&rsquo;s Board of Directors are elected each year. While
directors generally serve two-year terms, in the event of an increase or decrease in the number of directors serving on the Bank&rsquo;s
board, the shareholders&rsquo; are authorized to appoint directors for a period of less than two years. Directors may be reelected
and will remain on their duties until their replacements take their positions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank&rsquo;s corporate governance model contains most of the recommendations made by the Central Bank and CNV regarding corporate
governance. Such model provides guidelines regarding decision-making by our Board of Directors, as well as certain guidelines
for the committees reporting to the Board of Directors. This corporate governance model may change in the future in consideration
of the recommended guidelines in Communication &ldquo;A&rdquo; 5201, approved by the Central Bank on May&nbsp;9, 2011. Among other
things, the guidelines incorporate provisions to the Board of Directors&rsquo; regulations, such as:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Board of Directors shall meet on a monthly basis in order to discuss policies, strategic
                                         issues and business, and other customary issues such as provisions, budgetary divergences,
                                         portfolios, etc.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Board of Directors shall meet on a quarterly basis in order to analyze: (i)&nbsp;operational
                                         risks and regulatory compliance, (ii)&nbsp;prevention of money laundering and financing
                                         of terrorism, (iii)&nbsp;auditing, (iv) information technology, (v)&nbsp;human resources,
                                         (vi)&nbsp;credit risks, and (vii)&nbsp;implementation of the Bank&rsquo;s strategic plan.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>





<!-- Field: Page; Sequence: 281; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->271<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth information about the members of the Bank&rsquo;s Board of Directors, which is currently comprised
of five authorized regular members <SUP>(1)</SUP>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%; padding-right: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 25%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title</B></FONT></P></TD>
    <TD STYLE="width: 10%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Year
        of <BR>
Election <BR>
to the <BR>
Board</B></FONT></P></TD>
    <TD STYLE="width: 20%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
        of Expiration <BR>
of Term (until the <BR>
shareholders&rsquo; <BR>
meeting that will <BR>
consider the <BR>
financial <BR>
statements as of)</B></FONT></P></TD>
    <TD STYLE="width: 18%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
        of Birth</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Julio
    Patricio Supervielle </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2005</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December&nbsp;31,
    2021</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December&nbsp;13,
    1956</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Atilio
    Dell&rsquo;Oro Maini </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">First
    Vice-Chairman of the Board</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2011</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December&nbsp;31,
    2021</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February&nbsp;13,
    1956</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alejandra
    Naughton </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Second
    Vice-Chairman of the Board</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2020</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    31, 2021</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">September
    22, 1962</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Richard
    Guy Gluzman </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December&nbsp;31,
    2022</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July&nbsp;11,
    1953</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hugo
    Enrique Santiago Basso </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December&nbsp;31,
    2022</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December&nbsp;3,
    1979</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>(1)
</SUP>On January 6, 2021, Santiago Batlle resigned as Alternate Director.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
appointed directors were approved to be members of the Board of Directors as required by Central Bank regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Section&nbsp;11, Chapter III, Title II of the CNV Rules, all directors have the status of non-independent directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
Richard Guy Gluzman has the status of independent director pursuant to the Central Bank rules.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Set
forth below are the biographical descriptions of Alejandra Naughton and Richard Guy Gluzman. For biographical descriptions of
the rest of the Bank&rsquo;s directors, see &ldquo;&mdash;<I>Board of Directors</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Alejandra
Naughton</I> was appointed director of Banco Supervielle on July 13, 2020. Before being appointed director, she was Chief Financial
Officer of Grupo Supervielle as from September 2011. She was also Chief Financial Officer of Banco Supervielle as from 2012. She
holds a degree in Economics from the Universidad de Buenos Aires and a post graduate degree in Project Management from Universidad
de Belgrano. She attended the CFO Executive Program at the University of Chicago Booth School of Business. She has taken courses
at the Bank of England in London, where she was awarded the Expert in Finance and Management Accounting and Expert in Corporate
Governance degrees; at the Federal Reserve Bank of New York where she was conferred the Expert in Management and Operations degree
and at the IMF where she was awarded the Expert in Safeguards Assessment degree. From 1994 to 2007 she served on the Central Bank&rsquo;s
staff in several senior positions, including that of Deputy General Manager (2003 to 2007) and Argentine Representative to the
Governance Network at the Basle based Bank for International Settlements (Switzerland). During the years 2007 and 2008 she worked
as a Consultant to the IMF. Ms. Naughton brings to the Board valuable expertise on banking regulations and monetary matters given
her deep knowledge of the banking sector based on her extensive experience at the Central Bank. Her involvement acting
as CFO since Grupo Supervielle&rsquo;s IPO allows her to take on a stewardship role as the Company pursues its reporting responsibilities
with the market and financial authorities. Leveraging her experience, she provides permanent support to our IR Program.</FONT></P>



<!-- Field: Page; Sequence: 282; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->272<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Richard
Guy Gluzman</I> has a Law degree from Nanterre University in Paris and a master&rsquo;s degree in Business Administration from
the ESSEC University in Paris. From 1978 to 1995, he worked in France holding various managerial positions in several technological
companies (Burroughs S.A., Digital Equipment Corporation, Wang S.A. and JBA S.A.). His career in Argentina started in 1995, when
he joined Coming S.A. (France Telecom&nbsp;&amp; Perez Companc Group) as General Manager until 1997. From 1997 through 1999, he
served as a member of Globalstar S.A.&rsquo;s Board of Directors. From 1998 through 2000, he was at the helm of Diveo Broadband
Networks S.A. as General Manager and then, from 2000 to 2006, he was a Director of Pegasus Capital, a private equity fund. In
recent years he served as Director of the boards of directors of Grupo Supervielle S.A., Banco Supervielle S.A., Cordial Compa&ntilde;&iacute;a
Financiera S.A., Tarjeta Autom&aacute;tica S.A. and Sofital S.A.F. e I.I. Mr. Gluzman brings to the Board 17 years of international
experience in Europe in Hi-Tech industries (computing, software and services), and strong experience in Latam Private Equity Fund.
In addition, he brings extensive management and operational experience. Mr. Gluzman is also serving as non-executive Director
in two other Boards in autoparts and massive consumption packaging industry in Argentina.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Banco
Supervielle S.A.&rsquo;s Senior Management</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank&rsquo;s senior management is in charge of the implementation and execution of its overall strategic objectives and reports
to the CEO. The following tables set forth certain relevant information on the Bank&rsquo;s current executive officers and its
senior management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Senior
management that reports to the Board of Directors:</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; padding-right: 2.9pt; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 39%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD>
    <TD STYLE="width: 19%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
        of Birth</B></FONT></P></TD>
    <TD STYLE="width: 14%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Year
        of <BR>
Appointment</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Em&eacute;rico
    Alejandro Stengel </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    13, 1956</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2020</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mariano
    Biglia </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CFO</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    16, 1978</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2020</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Risk Officer</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November&nbsp;16,
    1964</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2012</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Gustavo V&aacute;zquez </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Internal Audit</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May&nbsp;1,
    1974</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2019</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moira
    Almar </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regulatory
    Compliance Officer</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    6, 1968</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2017</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Juan
    Cuccia </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of AML</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July
    22, 1971</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2006</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Senior
management that reports to the CEO:</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; padding-right: 2.9pt; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 39%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD>
    <TD STYLE="width: 19%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
        of Birth</B></FONT></P></TD>
    <TD STYLE="width: 14%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Year
        of <BR>
Appointment</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silvio
    Margaria </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COO
    and Deputy CEO</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November&nbsp;12,
    1971</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2020</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Mazzitello </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Technology Officer</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February
    21, 1965</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2019</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pablo
    Di Salvo </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Credit Officer</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June
    19, 1964</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2017</FONT></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 283; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->273<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; padding-right: 2.9pt; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 39%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD>
    <TD STYLE="width: 19%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
        of Birth</B></FONT></P></TD>
    <TD STYLE="width: 14%; padding-right: 2.9pt; padding-left: 2.9pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Year
        of <BR>
Appointment</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hern&aacute;n
    Oliver </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; width: 39%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Treasury and Global Markets</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; width: 19%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June
    2, 1973</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2009</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Roberto
    Garc&iacute;a Guevara </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Capital Markets and Structuring</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August
    21, 1964</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Romina
    Jacqueline Rubarth </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Business Intelligence</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February
    10, 1979</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2019</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Esteban
    Nicol&aacute;s D&acute;Agostino </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Operations and Central Services</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July
    8, 1972</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2020</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Gabai </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    of Legal Affairs </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;26,
    1967</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2012</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Martin
    Gallo </FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Human Resources Officer</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    18, 1978</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Set
forth below are brief biographical descriptions of the members of the Bank&rsquo;s senior management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Silvio
Margaria </I>was appointed Deputy CEO and COO of Banco Supervielle in June 2020. He joined Banco Supervielle in 2016, and since
April 2019 he was Head of Personal and Business Banking. He has more than 25 years of experience in the financial industry. Before
joining Supervielle, he was responsible for banking companies at Banco Macro S.A. from 2011 to 2016. Previously, he held several
managerial positions overseeing nationwide retail banking networks, as well as corporate banking at international banks such as
BankBoston, N.A. (from 1994 to 2007) and Standard Bank S.A. (from 2007 to 2011). He holds a Law degree from Universidad Cat&oacute;lica
Argentina and attended the Executive Development Program of the Universidad Austral Business School.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Hern&aacute;n
Oliver</I> has been the Bank&rsquo;s Head of Treasury and Global Markets since May 2009. He holds a degree in Economics from the
Universidad Cat&oacute;lica Argentina as well as a master&rsquo;s degree in Finance from CEMA. In 1996 and 1997, he worked at
Bank of America. From 1997 to 2002, he served as Finance Department Senior Trader at Banco General de Negocios. He then worked
at Banco Finansur Finance Department until 2004, when he was hired as the Head of the Trading Desk at Banco Banex (at present
Banco Supervielle). He has also been appointed as Alternate Director of Mercado Abierto Electr&oacute;nico, the most important
electronic securities and foreign currency trading market in Argentina</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Roberto
Garc&iacute;a Guevara </I>joined Banco Supervielle in April 2018 as Head of Capital Markets. He is a public accountant graduated
from Universidad de Buenos Aires. From 1992 to 1995 he worked at Baring Securities Argentina as a sales trader. From July 1995
to June 1998 he served as Head of Argentine Research at Caspian Securities Sociedad de Bolsa. Between July 1998 and November 2002,
he worked at Merril Lynch S.A. Sociedad de Bolsa serving as Senior Country Analyst - First Vice President, covering Argentina
and Chile, and he also served as Vice President of the Board. From 2003 to August 2007 Roberto was Head of Research of Raymond
James Argentina. From September 2007 until 2009 he worked at UBS Pactual as Head of Southern Cone and Andean Equity Strategy &amp;
Research. Roberto returned to Raymond James Argentina in 2010, where he was Head of Research until 2012. During his career in
Research, he was ranked 10 times by the annual survey of &ldquo;Institutional Investor&rdquo; as a top three analyst for Argentine
Equity Research (he was ranked number one five times). In 2012 he moved to the Corporate Finance effort within Raymond James Argentina
(then AR Partners) and was Head of Corporate Finance between 2015 and March 2018.</FONT></P>



<!-- Field: Page; Sequence: 284; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->274<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Jacqueline
Rubarth </I>has led the Customer Experience and Business Intelligence team since April 2019,&nbsp;and she has also led the Agile
Transformation Office since January 2020.&nbsp;She joined the Bank in January 2013 as Commercial Leader in the Medium and Large&nbsp;Business
team and in February 2016 she was appointed Business Intelligence and Business Banking Planning Manager. She has more than 23
years of experience in the financial industry with a trajectory mostly carried out in the commercial line, always with focus in
customer service. Before joining Supervielle, she spent 2 years as Corporate Commercial Executive at Banco Galicia and previously
14 years at BBVA, developing in the Corporate Banking and Investment Banking areas. She has a degree in Capital Markets from the
Universidad del Salvador and attended the Management Development Program at Austral Business School.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Esteban
Nicol&aacute;s D&acute;Agostino</I>&#8239;has been Chief of Operations and Central Services of Banco Supervielle since April 2020.&nbsp;He
is a Public Accountant from University of Buenos Aires and attended the Executive Development Program at Universidad Austral Business
School. Prior to this appointment, he served as General Manager at RECSA, a company dedicated to collection management. He has
more than 25 years of experience in the banking industry, having worked at Citibank. His experience covers credit, collections,
branches, operations and technology areas. Additionally, at Citibank he led the customer service models strategy with a focus
on processes and operations for three years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the biography of Mr.&nbsp; Em&eacute;rico Alejandro Stengel, see &ldquo;&mdash;<I>Board of Directors</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the biographies of Mr. Mariano Biglia, Sergio Mazzitello, Mr.&nbsp;Sergio Gabai, Mr. Pablo Di Salvo, Mr.&nbsp;Martin Gallo, Mr.
Javier Conigliaro, Mr. Sergio Gustavo V&aacute;zquez, Ms. Moira Almar and Mr. Juan Cuccia, see &ldquo;&mdash;<I>Officers</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Committees
Reporting to Banco Supervielle S.A.&rsquo;s Board of Directors</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Central Bank regulations, the Bank has several Board committees: the Audit Committee (Communication &ldquo;A&rdquo;
2525), the Information Technology Committee (Communication &ldquo;A&rdquo; 4609) and the Committee on Control and Prevention of
Money Laundering and Financing of Terrorism (Communications &ldquo;A&rdquo; 4363 and &ldquo;A&rdquo; 4459). In addition, the Bank
also has a Risk Management Committee. Each of the Bank&rsquo;s Board committees has its own internal charter. Each committee must
report to the Board on a periodical basis and submit an annual report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Banco
Supervielle S.A.&rsquo;s Audit Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
audit committee is formed by at least two members of the Bank&rsquo;s Board of Directors and its internal audit manager. The Board
of Directors appoints the members of the audit committee for a term of two or three years. The CEO is invited to attend the meetings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
audit committee is responsible for assisting the Board of Directors in the supervision of the consolidated financial statements,
controlling compliance with policies, processes, procedures and rules set forth for each of the Bank&rsquo;s business areas and
for evaluating and approving the corrective measures proposed by the internal audit area.</FONT></P>



<!-- Field: Page; Sequence: 285; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->275<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the audit committee:<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Richard
    Guy Gluzman </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director,
    Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alejandra
    Naughton </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Vazquez </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Internal Audit, Secretary of the Committee</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Banco
Supervielle S.A.&rsquo;s Information Technology Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information technology committee is formed by at least one Director appointed by the Board of Directors, the Chief Technology
Officer, the CEO, the COO, the CRO, the Head of Technology Infrastructure, the Head of Innovation and Channel Development, the
Head of Central Systems, the Head of Information Security and the Head of IT Governance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information technology committee is responsible, among other things, for the following activities: (i) controlling the adequate
operation of the information technology environment; (ii) contributing to the effectiveness of the information technology environment;
(iii) considering the information technology and information security plans and submitting them for the approval of the Board
of Directors; (iv) taking notice of the information technology and systems plans and reviewing them; (v) periodically evaluating
such plan and the level of compliance with it; (vi) reviewing audit reports related to information technology and the relevant
action plans to overcome any issues or weaknesses arisen from them; (vii) maintaining an adequate dialogue with the external auditing
division of the Superintendency; (viii) taking knowledge and comply with of all applicable regulation of the Central Bank and
other regulatory bodies; (ix) taking knowledge and approving the resources for the management of the systems contingency plan;
(x) taking knowledge of the new projects within the committee&rsquo;s competence and managing the priorities of each of them;
(xi) taking knowledge of deviations in relation to the projects assigned to the Information Technology and Information Security
teams; (xii) overseeing the financial budget of Information Technology; and (xiii) approving policies, standards, and any procedure
related to Information Technology.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the Information Technology Committee.<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Richard
    Guy Gluzman </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director,
    Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sergio
    Mazzitello </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Technology Officer, member and Secretary of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alejandro
    Stengel </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silvio
    Margaria </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deputy
    CEO and COO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CRO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    members of management team: </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Technology Infrastructure</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of IT Operations</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Systems Development</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of IT Strategy and Solutions Engineering</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Responsible
    Officer of IT Governance</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>





<!-- Field: Page; Sequence: 286; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->276<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Banco
Supervielle S.A.&rsquo;s Committee on the Control and Prevention of Money Laundering and Financing of Terrorism</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
committee on the control and prevention of money laundering and financing of terrorism is formed by at least two directors (one
of whom will chair the committee and will act as Corporate Compliance Officer with the Financial Intelligence Unit and another
that will act as Alternate Compliance Officer with the Financial Intelligence Unit) <FONT STYLE="background-color: white">and
</FONT>the Head of AML, who will act as Secretary. The Board of Directors appoints the members of the control and prevention of
money laundering and financing of terrorism committee for a minimum term of two years and a maximum of three years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
committee on the control and prevention of money laundering and financing of terrorism has to: (i) consider the Bank&rsquo;s general
strategies and policies in the area of money laundering prevention designed by the Senior Management and submit them for Board
of Directors&rsquo; approval; (ii) approve the internal procedures necessary to ensure effectiveness and compliance with the regulations
and policies in force, promote their implementation and control their performance; (iii) take knowledge of the amendment to applicable
regulations and ensure that the updates of internal policies and procedures manuals are timely carried out; (iv) ensure the adoption
of a formal and permanent and up-to-date training program for the personnel; (v) have an understanding in the consideration and
survey of the best market practices related to the prevention of money laundering and financing of terrorism and promote their
application in the Bank; (vi) analyze the reports of unusual operations raised by the AML Department or any other Bank officer
and, subject to legal advise, arrange for their report with the relevant authorities; (vii) take knowledge of and promote compliance
with the corrective measures that have arisen as a result of the external and internal audit reports related to the prevention
of money laundering and terrorism financing; (viii) appoint the Head of Prevention of Money Laundering and Terrorism Financing
with the concurrence of the Board of Directors; (ix) inform the control authorities about the removal or resignation of the Corporate
Compliance Officer before the FIU within 15 business days of the occurrence, stating the relevant causes of such removal or resignation;
(x) coordinate with Internal Audit for the periodic implementation of external audits carried out by recognized firms specialized
in the field; (xi) ensure due compliance with the reporting duties to the competent authorities; and (xii) carry out all those
functions as may be established by the Central Bank and the FIU from time to time..</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the committee on control and prevention of money laundering and financing of terrorism:<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Atilio
    Dell&rsquo;Oro Maini </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director,
    Chairman of the Committee and Corporate Compliance Officer with the FIU</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alejandra
    Naughton </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director
    and Alternate Compliance Officer with the FIU</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Juan
    Cuccia </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Member
    &ndash; Head of AML &ndash; Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<!-- Field: Page; Sequence: 287; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->277<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Banco
Supervielle S.A.&rsquo;s Risk Management Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Risk Management Committee sets forth policies and limits to financial risks (including market risk, credit risk, liquidity risk,
interest rate risk, exchange risk and other risks) and submits to the Board of Directors the appropriate proposals. Furthermore,
this committee supervises the degree of correlation between the risks assumed and the risk profile set forth by the Board of Directors,
and analyzes and approves investment and funding policies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the members of the Risk Management Committee:<SUP></SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Julio
    Patricio Supervielle </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board, Chairman of the Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Richard
    Guy Gluzman </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Em&eacute;rico
    Alejandro Stengel </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silvio
    Margaria</FONT></TD>
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deputy
    CEO and COO</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pablo
    Di Salvo </FONT></TD>
    <TD STYLE="width: 64%; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Credit Officer, Member</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mariano
    Biglia </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CFO,
    Member</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hern&aacute;n
    Oliver </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Treasury and Global Markets, Member</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Javier
    Conigliaro </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CRO,
    Member &ndash; Secretary</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sabrina
    Roiter </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Credit Risk, Member</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fernando
    Bodasiuk </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Head
    of Financial Risks, Member</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Banco
Supervielle S.A.&rsquo;s Credit Committee</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank&rsquo;s credit committee is formed by the Chairman of the Board, the CEO, the Chief Credit Officer, the Deputy CEO and COO,
the Chief Risk Officer, the Head of Treasury and Global Markets, the Head of Corporate Banking, the Credit Officer for Corporate
Banking and Financial Institutions, the Credit Officer for SMEs and the Commercial Manager of Personal and Businesses Banking.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Banco
Supervielle S.A.&rsquo;s other management committees</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank has other management committees, such as the Assets and Liabilities Committee and the Operational and Reputational Risk Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Management
of Our Other Subsidiaries</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
senior management of our other subsidiaries is in charge of the implementation and execution of those subsidiaries&rsquo; overall
short-term and strategic objectives and reports to the respective Boards of Directors of those companies, and functionally to
Grupo Supervielle&rsquo;s CEO.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>



<!-- Field: Page; Sequence: 288; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->278<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
CEO of CCF, Tarjeta, Espacio Cordial and Mila is Juan Martin Monteverdi, the CEO of SAM is Guillermo Guichandut, the CEO of Supervielle
Seguros is Diego Squartini, and the CEO of InvertirOnline is Christel Sasse.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Set
forth below are brief biographical descriptions of the CEOs of our other subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Juan
Martin Monteverdi</I> has been responsible of the consumer finance units of Grupo Supervielle since August 2018. He also serves
as Director of Bolsillo Digital S.A.U. He has been Chief Executive Officer Cordial Servicios since April 2014 and Chief Executive
Officer of Cordial Compa&ntilde;&iacute;a Financiera, Tarjeta Autom&aacute;tica and Mila since September 2018. He studied Business
Management at the Universidad Nacional de Quilmes and took courses in Management, Leadership and Sales at IAE Business School
and Universidad Austral. From June 2011 to April 2014 he was the Branch Network Manager at Banco Supervielle. From July 2009 to
July 2011 he was Territorial Manager for Retail Banking and since 2006 he held several managerial positions also at Banco Supervielle.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Guillermo
Guichandut</I> has served as CEO of SAM since 2005. He also serves as Chairman of the Board of Directors of SAM. He received a
degree in public accounting from Universidad Nacional de la Plata, and has completed a masters in Banking Management at the Universidad
del CEMA. He is currently an Adjunct Professor of financial mathematics in the Economics department of the Universidad Nacional
de la Plata. He is a member of the Executive Committee of the Argentine Chamber of Mutual Funds and President of its Communication
Commission. Mr.&nbsp;Guichandut has vast experience in the financial sector, having worked at Bank of Boston and Banco Soci&eacute;t&eacute;
G&eacute;n&eacute;rale Argentina until his appointment as General Manager at SAM in 2005.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Diego
Squartini</I> has been Chief Executive Officer of Supervielle Seguros since 2013. He obtained a degree in Economics and a Master&rsquo;s
degree in Business Management from Universidad Nacional de Cuyo. He also attended the Leadership Program at Universidad Austral.
From 2010 to 2013, he served as Regional Manager at Banco Supervielle. From 2004 to 2010 he was the Financial Manager at Banco
Regional de Cuyo. From 2000 to 2004, he worked as Corporate Business Manager and from 1995 to 2000 as Branch Manager, also at
Banco Regional de Cuyo.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Christel
Sasse </I>has been appointed Chief Executive Officer of InvertirOnline in March, 2021. She joined InvertirOnline as Chief Product
Officer in June 2020 bringing 17 years&rsquo; experience in product management, marketing, e-commerce and digital marketing. Earlier,
she held several positions at Eventbrite, Thomson Reuters, Mercado Libre, and Procter&amp;Gamble. She holds an Industrial Engineer
degree from the Universidad Tecnol&oacute;gica Nacional Buenos Aires, a Postgraduate Degree in Capital Markets from Universidad
del Salvador and a Master in Internationalization of Local Development, Economic Science and Social Science from the University
of Bologna.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Employees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
had 5,021 employees (Includes permanent and temporary employees) as of December&nbsp;31, 2020, 5,084 employees as of December&nbsp;31,
2019 and 5,253 employees as of December&nbsp;31, 2018.</FONT></P>



<!-- Field: Page; Sequence: 289; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->279<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the holding company we had 7 employees as of December&nbsp;31, 2020, 9 employees as of December&nbsp;31, 2019 and 12 employees
as of December&nbsp;31, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Banking
Business employees</U>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December&nbsp;31, 2020, 2019 and 2018 the Bank had 3,706, 3,837 and 3,936 employees, respectively. As of December&nbsp;31,
2020, 70.3% of the Bank&rsquo;s employees were members of a national union in which membership is optional. The Bank has not experienced
any significant conflicts with this union.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
management positions in the Bank are held by non-union employees. As of December&nbsp;31, 2020, the Bank&rsquo;s employees were
under collective bargaining agreement No.&nbsp;18/75, which regulates labor contracts of financial entities, while the Bank&rsquo;s
managers were covered by general contractual labor laws. However, senior management, as is the case for all other banks in Argentina,
is not under a union&rsquo;s supervision with respect to remuneration and other labor conditions and follows the applicable regulation
in this respect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank currently does not maintain any pension or retirement program for its employees. In order to incentivize the performance
of its employees, the Bank implemented several incentive payment plans for its employees linked to performance and results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Consumer
Finance Segment had 1,011 employees</U>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, 2019 and 2018, CCF had 477, 452 and 346 employees, respectively.
                                         At December&nbsp;31, 2020, 38.7% of CCF&rsquo;s employees were under the collective bargaining
                                         agreement <I>Convenio Colectivo de Empleados de Comercio No.130/75 </I>(<I>Convenio de
                                         Comercio</I>), which regulates labor contracts of non-banking, financial institutions.
                                         The remaining 61.3% of employees, all managers and some senior analysts, were covered
                                         only by general contractual labor laws. In addition, as of December&nbsp;31, 2020, 1.5%
                                         of CCF&rsquo;s employees were members of the Commerce Employees Union (<I>Sindicato de
                                         Empleados de Comercio</I>).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, 2019 and 2018, Tarjeta had 386, 422 and 538 employees, respectively.
                                         As of December&nbsp;31, 2020, 93.7% of Tarjeta&rsquo;s employees were under the collective
                                         bargaining agreement <I>Convenio Colectivo de Empleados de Comercio No.130/75 </I>(<I>Convenio
                                         de Comercio</I>). The remaining 6.3% of employees, all managers and some senior analysts,
                                         were covered by general contractual labor laws.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, 2019 and 2018, Espacio Cordial had 119, 119 and 125 employees,
                                         respectively. As of December&nbsp;31, 2020, 99.1% of Espacio Cordial&rsquo;s employees
                                         were under the collective bargaining agreement No.&nbsp;18/75, which regulates labor
                                         contracts of financial entities, including the Bank&rsquo;s. In addition, as of December&nbsp;31,
                                         2020, 77.8% of Espacio Cordial&rsquo;s employees were union members.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 290; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->280<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, and 2019, MILA had 29 employees and 32 employees. As of December&nbsp;31,
                                         2020, 62.1% of MILA&rsquo;s employees were under the collective bargaining agreement
                                         <I>Convenio Colectivo de Empleados de Comercio No.130/75 (Convenio de Comercio)</I>.
                                         The remaining 37.9% of employees were covered by general contractual labor laws.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Insurance
Segment had 151 employees</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, 2019, and 2018, Supervielle Seguros had 129, 122 and 106 employees
                                         respectively. As of December&nbsp;31, 2020, 10.9% of its employees were union members
                                         from the <I>Sindicato del Seguro de la Rep&uacute;blica Argentina</I>. At December&nbsp;31,
                                         2020, 93.8% of its employees were under the collective bargaining agreement No.&nbsp;264/95
                                         <I>Convenio Colectivo de Empleados de Seguros y Reaseguros</I>.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, Supervielle Productores Asesores de Seguros had 22 employees.
                                         None of its employees were under the collective bargaining agreement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>InvertirOnline
S.A.U. and Invertironline.com Argentina S.A.U. had 135 employees: </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, InvertirOnline S.A.U. and Invertironline.com Argentina S.A.U.
                                         had 124 and 11 employees, respectively. As of December&nbsp;31, 2020, 25.7% of InvertirOnline
                                         S.A.U. employees were under the collective bargaining agreement <I>Convenio Colectivo
                                         de Empleados de Comercio No.130/75 (Convenio de Comercio)</I>. Employees of InvertirOnline
                                         S.A.U. and Invertironline.com are not unionized and are covered only by general contractual
                                         labor laws.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Supervielle
Asset Management employees</U>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         of December&nbsp;31, 2020, 2019 and 2018, SAM had 11, 12 and 12 employees respectively.
                                         Employees of SAM are not unionized and are covered only by general contractual labor
                                         laws. SAM currently does not maintain any pension or retirement program for its employees.
                                         SAM incentivizes employee performance through several incentive payment plans linked
                                         to performance and results.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Compensation</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Labor
relations in Argentina are governed by specific legislation, such as labor Law No.&nbsp;20,744 and Collective Bargaining Law No.&nbsp;14,250,
which, among other things, dictate how salary and other labor negotiations are to be conducted. Every industrial or commercial
activity is regulated by a specific collective bargaining agreement that groups together companies according to industry sectors
and by trade unions. While the process of negotiation is standardized, each chamber of industrial or commercial activity negotiates
the increases of salaries and labor benefits with the relevant trade union of such commercial or industrial activity. In the banking
sector, salaries are established on an annual basis through negotiations between the chambers that represent the banks and the
banking employees&rsquo; trade union. The National Labor Ministry mediates between the parties and ultimately approves the annual
salary increase to be applied in the banking activity. Parties are bound by the final decision once it is approved by the labor
authority and must observe the established salary increases for all employees that are represented by the banking union and to
whom the collective bargaining agreement applies.</FONT></P>



<!-- Field: Page; Sequence: 291; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->281<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the past ten years, negotiations have taken place during the first half of the year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, each company is entitled, regardless of union-negotiated mandatory salary increases, to give its employees additional
merit increases or variable compensation schemes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 7.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a024"></A>Shareholders and Related Party Transactions</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 7.A</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a025"></A>Major Shareholders</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of April&nbsp;29, 2021, we had 456,722,322 outstanding shares of common stock, consisting of 61,738,188 Class&nbsp;A shares and
394,984,134 Class&nbsp;B shares, all with a par value of Ps.1.00 per share. Each share of our common stock represents the same
economic interests, except that holders of our Class&nbsp;A shares are entitled to five votes per share and holders of our Class&nbsp;B
shares are entitled to one vote per share. As of March&nbsp;31, 2021, we had approximately 12,500 holders of record of our shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below sets forth information concerning the ownership of our Class&nbsp;A and Class&nbsp;B shares as of April&nbsp;29,&nbsp;2021.
We are not aware of any other shareholder or holder of ADSs that beneficially owns 5.0% or more of any voting class of our securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Shareholder Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Class A Shares 5 <BR>
votes</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Class B Shares 1 <BR>
Vote</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total Shares</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage <BR>
of Capital <BR>
Stock</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total Votes</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage <BR>
of Votes</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 16%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Julio Patricio Supervielle </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; text-align: right">61,738,188</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; text-align: right">98,684,713</TD><TD STYLE="width: 1%; text-align: left">(*)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">160,422,901</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">35.124822</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">407,375,653</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">57.89258</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">296,299,421</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">296,299,421</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">64.875178</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">296,299,421</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">42.10742</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in">Total: </TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">61,738,188</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">394,984,134</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">456,722,322</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">100.00</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">703,675,074</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">100.000</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">%</TD></TR>
</TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(*)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes:
                                         (i) 12,784,713 Class&nbsp;B shares of common stock of the Company, par value Pesos 1.00
                                         per share, (ii) 85,900,000 Class&nbsp;B shares represented by 17,180,000 ADSs.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of April&nbsp;19, 2021, we have identified 16 record holders of our ADSs (each representing the right to receive five Class&nbsp;B
shares) in the United States, and 6 record holders of our Class&nbsp;B shares in the United States. The record holders of our
ADSs located in the United States, in the aggregate, held, as of April&nbsp;19, 2021 approximately 1.4&nbsp;million of our ADSs,
representing approximately 2.3% of our ADSs and 1.8% of our Class&nbsp;B shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share
Ownership of Banco Supervielle S.A.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of April&nbsp;29, 2021, the Bank had 829,563,871 outstanding shares of common stock, consisting of 930,371 Class&nbsp;A shares
and 828,633,500 Class&nbsp;B shares, all with a par value of Ps.1.00 per share. Each share of the Bank&rsquo;s common stock represents
the same economic interests, except that holders of its Class&nbsp;A shares are entitled to five votes per share and holders of
Class&nbsp;B shares are entitled to one vote per share.</FONT></P>



<!-- Field: Page; Sequence: 292; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->282<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth information regarding the ownership of the Bank&rsquo;s Class&nbsp;A and Class&nbsp;B shares as of
April&nbsp;29, 2021:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Shareholder Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Class&nbsp;A <BR>
Shares 5&nbsp;votes</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Class&nbsp;B <BR>
Shares 1 Vote</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total Shares</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage of <BR>
Capital Stock</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total Votes</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage of <BR>
Votes</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 22%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Grupo Supervielle S.A. </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">830,698</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">804,702,309</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">805,533,007</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">97.103</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">808,855,799</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">97,068</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sofital S.A.F.e.I.I.<SUP>(1)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49,667</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,131,588</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,181,255</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.7944</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,379,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.806</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other Shareholders </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">50,006</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">799,603</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">849,609</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.1024</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,049,633</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.126</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in">Total: </TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">930,371</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">828,633,500</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">829,563,871</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">100</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">%</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">833,285,355</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">100</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">%</TD></TR>
</TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sofital
                                         is a corporation organized under the laws of Argentina of which Grupo Supervielle owns
                                         96.8% and Espacio Cordial owns 3.2%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a026"></A>Item 7.B</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Related Party Transactions</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
than as set forth below, we are not a party to any material transactions with, and have not made any loans to any (i)&nbsp;enterprises
that directly or indirectly through one or more intermediaries, control or are controlled by us; (ii)&nbsp;associates (<I>i.e.</I>,
an unconsolidated enterprise in which we have a significant influence or which has significant influence over us); (iii) individuals
owning, directly or indirectly, an interest in our voting power that gives them significant influence over us, as applicable,
and close members of any such individual&rsquo;s family (<I>i.e.</I>, those family members that may be expected to influence,
or be influenced by, that person in their dealings with us, as applicable); (iv) key management personnel (<I>i.e.</I>, persons
that have authority and responsibility for planning, directing and controlling our activities, including directors and senior
management of companies and close members of such individual&rsquo;s family); or (v)&nbsp;enterprises in which a substantial interest
is owned, directly or indirectly, by any person described in (iii)&nbsp;or (iv) over which such a person is able to exercise significant
influence nor are there any proposed transactions with such persons. For purposes of this paragraph, this includes enterprises
owned by our directors or major shareholders that have a member of key management in common with us, as applicable. In addition,
 &ldquo;significant influence&rdquo; means the power to participate in the financial and operating policy decisions of the enterprise,
but means less than control. Shareholders beneficially owning a 10% interest in our voting power are presumed to have a significant
influence on us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management
Services</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
the extent that there are no conflicts of interest, we lend management services to our subsidiaries, the Bank, Tarjeta, SAM, Sofital,
CCF and Espacio Cordial. Our services include: financial and commercial advisory services, fiscal planning and optimization, defining
auditing policies, developing and evaluating upper management, elaborating annual budgets, planning and developing complementary
activities and defining the mission of related companies and policies related to social responsibility. These services are provided
pursuant to agreements that provide that our subsidiaries will indemnify us for any claim, damage, liability, tax, cost and expense
incurred or suffered by us in connection with financial transactions in which such subsidiaries were engaged. The management&rsquo;s
fees are equal to the ordinary and extraordinary costs incurred plus a mark-up of 20% plus 21% VAT. If the services to be provided
are of an extraordinary nature, we have the right to additional compensation, the amount of which shall be determined in each
case.</FONT></P>



<!-- Field: Page; Sequence: 293; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->283<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth information regarding fees received from our subsidiaries and related parties for our management services
for the years ended December&nbsp;31, 2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Grupo Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">Year ended December 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, plus VAT)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%">Bank </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">178,269</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">127,586</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Tarjeta </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">423</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">404</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>SAM </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,439</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,372</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Sofital </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>CCF </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,182</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,575</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Espacio Cordial </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">741</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">705</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Total </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">194,202</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">142,784</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operator
Services Agreement with the Bank</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
March 2016, we entered into an agreement with the Bank pursuant to which the Bank will provide accounting, administrative, legal
and treasury services to us. The Bank&rsquo;s services include, among others: accounting records of transactions and preparation
of financial statements, management of institutional relations, structuring and management of funding instruments, liquidity investment
operations management, maintenance of our corporate records, management of compliance with disclosure requirements, registration
of corporate acts and compliance with information requirements. Pursuant to this agreement, we paid to the Bank in 2020 a total
amount of Ps.851,500. The term of the agreement is one year and may be renewed automatically at maturity for equal and successive
periods. This agreement is renewed automatically and it is in force as of the date of this annual report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trademark
Licenses</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2013, we signed agreements with Espacio Cordial and CCF granting them licenses to use certain of our trademarks (including our
trademarks for &ldquo;Cordial,&rdquo; &ldquo;Carta App&rdquo; and &ldquo;Tienda Supervielle.&rdquo; We granted these trademark
licenses to these subsidiaries to enhance the marketing of certain their products and services related to insurance, health, tourism,
credit cards and loans, among others. Pursuant to these agreements, we received fees from these companies in 2020 in a total amount
of Ps.1,254,100.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
Loans</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Some
of our directors and the directors of the Bank have been involved in certain credit transactions with the Bank as permitted by
Argentine law. The AGCL and the Central Bank&rsquo;s regulations allow directors of a limited liability company to enter into
a transaction with such company if such transaction follows prevailing market conditions. Additionally, a bank&rsquo;s total financial
exposure to related individuals or legal entities is subject to the regulations of the Central Bank. Such regulations set limits
on the amount of financial exposure that can be extended by a bank to affiliates based on, among other things, a percentage of
a bank&rsquo;s RPC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank is required by the Central Bank to present to its Board of Directors, on a monthly basis, the outstanding amounts of financial
assistance granted to directors, controlling shareholders, officers and other related entities, which are transcribed in the minute
books of the Board of Directors. The Central Bank establishes that the financial assistance to directors, controlling shareholders,
officers and other related entities must be granted on an equal basis with respect to rates, tenor and guarantees as loans granted
to the general public.</FONT></P>



<!-- Field: Page; Sequence: 294; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->284<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
financial assistance granted to our directors, officers and related parties by the Bank was granted in the ordinary course of
business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable
transactions with other non-related parties, and did not involve more than the normal risk of collectability or present other
unfavorable features.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table presents the aggregate amounts of total consolidated financial exposure of the Bank to related parties, the number
of recipients, the average amounts and the single largest exposures as of the end of the periods indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except number of recipients)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Aggregate total financial exposure </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">242,271</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">1,311,056</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Number of recipient related parties </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">(a) individuals </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">63</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">(b) companies </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Average total financial exposure </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,595</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Single largest exposure during the period </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">933,426</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,120,671</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 7.C</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a027"></A>Interests of Experts and Counsel</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 8.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a028"></A>Financial Information</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 8.A</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a029"></A>Consolidated Statements and Other Financial Information.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
Item 18 and our audited consolidated financial statements as of and for the years ended December&nbsp;31, 2020 and 2019 included
in this annual report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legal
Proceedings</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of the date of this annual report, we are not a party to any legal or administrative proceedings for which the outcome is likely
to have a material adverse effect on our results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF are party to proceedings relating to collection efforts and other legal or administrative actions initiated in the
normal course of business, including certain class actions initiated against a number of banks and financial companies, including
ours, by public and private organizations in connection with alleged overcharging on products and interest rates, among others.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
class action lawsuits involving the Bank and CCF are related to alleged overcharging on life insurance, interest rates and administrative
charges, fees on the sale price of foreign currency, administrative charges on savings accounts, consumer loans and credit cards,
and interest rates in factoring operations, as well as the inadequacy of the contingency risk charge on checking accounts. These
types of class actions were brought against every financial entity in Argentina. Some of these lawsuits have been settled by the
parties out of court. These settlements have typically involved an undertaking by the financial institution to adjust the fees
and charges.</FONT></P>



<!-- Field: Page; Sequence: 295; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->285<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the course of 2020 a new class action has been brought against the Bank in relation to debits of fees or charges from savings
accounts and/or credit cards of customers or former customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
subsidiaries are not parties to any legal proceedings, the outcome of which is likely to have a material adverse effect on their
respective results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with the AGCL, our bylaws and CNV regulations, we may make one or more declarations of dividends with respect to any
year, including anticipated dividends, out of our distributable net income <I>(ganancias l&iacute;quidas y realizadas) </I>as
reflected in our consolidated balance sheet, or consolidated special interim balance sheet in case of anticipated dividends.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Declaration
and payment of dividends to all holders of each class of our shares (Class A, Class&nbsp;B shares and preferred shares (to the
extent any such shares are outstanding)), to the extent funds are legally available, is determined by all of our shareholders
with voting rights (<I>i.e.</I>, our Class&nbsp;A and Class&nbsp;B shareholders) at the annual ordinary shareholders&rsquo; meeting.
At such annual ordinary shareholders&rsquo; meeting, our Class&nbsp;A shares will be entitled to five votes each and our Class&nbsp;B
shares will be entitled to one vote each. It is the responsibility of our Board of Directors to make a recommendation to our shareholders
with respect to the amount of dividends to be distributed. The Board of Directors&rsquo; recommendation will depend on a number
of factors, including but not limited to, our operating results, cash flow, financial condition, capital position, legal requirements,
contractual and regulatory requirements, and investment and acquisition opportunities. As a general rule, the Board of Directors
will favor efficient use of capital in its recommendation-making process. Thus, the Board will recommend reinvesting earnings
when there are investment opportunities, or it will recommend distributing dividends when there is excess capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">However,
shareholders are ultimately entitled to overrule the recommendation of the Board of Directors through the affirmative vote of
the absolute majority of the present votes at an ordinary shareholders&rsquo; meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Board of Directors may also decide and pay anticipated dividends. In such instance, each individual director and member of the
Supervisory Committee will be jointly and severally liable for the payment of such dividends if our retained earnings for the
year for which such dividends were paid is insufficient to cover the payment of such dividends.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends
are distributed on a pro rata basis according to the number of ordinary shares held by the shareholder. All shares of our capital
stock rank <I>pari passu</I> with respect to the payment of dividends, regardless of class. Under CNV regulations, cash dividends
must be paid to the shareholders within 30 days of their approval. In the case of stock dividends, shares are required to be delivered
within three months of our receipt of notice of authorization by the CNV for the public offering of such shares. The right of
shareholders to demand payment of dividends shall toll three years after the date on which we first make them available to shareholders.
Any dividends that are not claimed during this period are deemed extraordinary gains by us.</FONT></P>



<!-- Field: Page; Sequence: 296; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->286<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Argentine law, our bylaws and CNV regulations, we are required to allocate to our legal reserve 5% of our yearly
income, plus or minus the results of prior years, until our legal reserve equals 20% of our adjusted capital stock. Under the
AGCL and our bylaws, our yearly net income (as adjusted to reflect changes in prior results) is allocated in the following order:
(i)&nbsp;to comply with the legal reserve requirement; (ii)&nbsp;to pay the accrued fees of the members of the Board of Directors
and Supervisory Committee; (iii)&nbsp;to pay dividends on preferred stock, which shall be applied first to pending and unpaid
accumulated dividends; and (iv)&nbsp;the remainder of the net income for the year may be distributed as additional dividends on
preferred stock, if any, or as dividends on common stock, or may be used for voluntary or contingent reserves, or as otherwise
decided by our shareholders at the annual ordinary shareholders&rsquo; meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
of ADSs will be entitled to receive any dividends payable in respect of our underlying Class&nbsp;B shares. Exchange controls
currently in place impair the conversion of dividends, distributions, or the proceeds from any sale of Class&nbsp;B shares, as
the case may be, from Pesos into U.S. dollars and the remittance of the U.S. dollars abroad, therefore restricting the ability
of foreign shareholders holders of ADSs to receive dividends in U.S. dollars abroad. In particular, with respect to the proceeds
of any sale of Class&nbsp;B shares underlying the ADSs, as of the date of this annual report, the conversion from Pesos into U.S.
dollars and the remittance of such U.S. dollars abroad is subject to prior Central Bank approval (as described below), although
access to the MLC to pay dividends to non-resident shareholders may be granted, subject to certain conditions. See &ldquo;<I>Item
4.B Business overview&mdash;Argentine Banking Regulation&mdash;Liquidity and Solvency Requirements&mdash;Requirements Applicable
to Dividend Distribution</I>.&rdquo; The ADS deposit agreement provides that the Depositary will convert cash dividends received
by the ADS depositary in Pesos to U.S. dollars: if so permitted by, and subject to the limits set forth in, applicable foreign
exchange regulations in place at such time and, after deduction or upon payment of fees and expenses of the ADS depositary and
deduction of other amounts permitted to be deducted from such cash payments in accordance with the ADS deposit agreement (such
as for unpaid taxes by the ADS holders in connection with personal asset taxes or otherwise), will make payment to holders of
the ADSs in U.S. dollars. If dividend payments cannot be made in U.S. dollars outside of Argentina, the transfer outside of Argentina
of any funds collected by foreign shareholders in Pesos in Argentina may be subject to certain restrictions. See &ldquo;<I>Item
10.D Exchange Controls</I>&rdquo; and &ldquo;<I>Item 3.D Risk Factors</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with the provisions of Title IV, Chapter III, Section 3, Subsection b) of the Regulations of the Argentine Securities
Commission (Restated Text 2013), we have made use of the option to absorb the accumulated negative results that were generated
as a consequence of the inflation adjustment by application of the IAS 29, subject to the ratification of the general shareholders&rsquo;
meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
general shareholders&rsquo; meeting held on April&nbsp;27, 2021 determined the creation of voluntary reserves under the terms of
Section&nbsp;70 of the AGCL in the amount of Ps.385.2 million for the future distribution of dividends. Our Board of Directors has
the discretion to determine the timing, amount, and other terms and conditions of the payment of dividends according to the scope of
the delegation made by the general shareholders&rsquo; meeting. For more information on current exchange controls applicable to the
payment of dividends, see &ldquo;<I>Item 3.D. &mdash;Risk Factors&mdash; Risks Relating to Our Class&nbsp;B Shares and the
ADSs&mdash;Restrictions on transfers of foreign exchange and the repatriation of capital from Argentina may impair your ability to
receive dividends and distributions on, and the proceeds of any sale of, the Class&nbsp;B shares underlying the
ADSs.</I>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>





<!-- Field: Page; Sequence: 297; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->287<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are a holding company, and in addition to certain management fees we collect from some of our subsidiaries, our main source of
cash to pay dividends are the dividends we receive from our subsidiaries. We therefore depend on the results of operations, cash
flow and distributable income of our operating subsidiaries, principally the Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
and our subsidiaries are subject to contractual, legal and regulatory requirements affecting our ability to pay dividends.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 31, 2020, the Central Bank issued Communication &ldquo;A&rdquo; 6886, pursuant to which financial entities must obtain
prior approval of the Central Bank in order to distribute dividends. See &ldquo;<I>Item 4.B Business overview&mdash;Argentine
Banking Regulation&mdash;Liquidity and Solvency Requirements&mdash;Requirements Applicable to Dividend Distribution</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
distribution of dividends by the Bank has been authorized by the Central Bank at times, no assurance can be given that in the
future the Central Bank will not limit the Bank&rsquo;s ability to distribute dividends approved by its shareholders at the annual
ordinary shareholders&rsquo; meeting or that such authorization will be for the full amount of dividends that the Bank may distribute
pursuant to applicable regulation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are required to pay personal assets tax corresponding to Argentine and foreign individuals and foreign entities for the holding
of our shares at December&nbsp;31 of each year. We pay this tax on behalf of our shareholders, whenever applicable, and are entitled,
pursuant to the Personal Assets Tax Law, to seek reimbursement of such paid tax from the applicable shareholders in various ways,
including by withholding dividends. See &ldquo;<I>Item 10.E Taxation&mdash;Material Argentine Tax Considerations&mdash;Personal
assets tax</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020 and 2019, we received the following dividend payments in cash from our subsidiaries: (i) Ps.183.2 million in 2020 and Ps.300.6
million in 2019 from SAM, (ii)&nbsp;Ps.627.3 million in 2020 and Ps.633.8 million in 2019 from Supervielle Seguros, (iii)&nbsp;Ps.36.4
million in 2020 and Ps.45.6 million in 2019 from Sofital, and (iv) Ps.16.1 million in 2020 and Ps. 88.9 million in 2019 from InvertirOnline.
We did not receive dividend payments from the Bank or our other subsidiaries during 2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
described in Note 25 to our audited consolidated financial statements we may pay dividends to the extent that we have distributable
retained earnings and distributable reserves calculated in accordance with the rules of the Argentine Central Bank. Therefore,
retained earnings included in our audited consolidated financial statements may not be wholly distributable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grupo
Supervielle paid dividends to its shareholders for 2020 and 2019, totaling approximately Ps.519.6&nbsp;million and Ps.532.5&nbsp;million,
respectively.</FONT></P>



<!-- Field: Page; Sequence: 298; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->288<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the Ps385.2 million dividend reserve approved by our general
shareholders&rsquo; meeting held on April 27, 2021, and the reserve release decided by our board of directors on April 29, 2021, our shareholders&rsquo;
equity under the rules of the Argentine Central Bank comprise the following captions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2020 <BR>
(In millions of Pesos)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 79%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Capital Stock </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">456.7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Capital Adjustment </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,968.6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Paid in Capital </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,858.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Legal Reserve </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">352.3</TD><TD STYLE="text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Other Reserves </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,718.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other Comprehensive Income </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">642.9</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in">Total shareholders&rsquo; equity attributable to the owners of the parent under the rules of the Argentine Central Bank </TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">365,997.5</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.35in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Note:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         accordance with the provisions of General Resolution No. 777/18 of the Argentine Securities
                                         Commission, the distribution of profits must be treated in the currency of the date of
                                         the shareholders&rsquo; meeting by using the price index corresponding to the month prior
                                         to the meeting. Therefore, the shareholders&rsquo; meeting approved a dividend reserve
                                         for an amount of Ps.385.2 million corresponding to the Ps.341 million included in the
                                         board of directors proposal.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 8.B</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a030"></A>Significant Changes</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to the information set forth in this section, additional information on significant changes can be found in &ldquo;<I>Item
3. Key Information&mdash; D. Risk Factors.&rdquo; and in &ldquo;Item 5.&mdash;A. Operating Results.</I>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Ongoing COVID-19 Pandemic</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
ongoing COVID-19 pandemic and government measures taken to contain the spread of the virus are disrupting economic activity. The
ongoing COVID-19 pandemic has significantly increased economic uncertainty.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
more information, see &ldquo;<I>Item 3. Key Information&mdash;D. Risk Factors.&mdash;Risk Factors&mdash;Risks Relating to Argentina&mdash;The
ongoing COVID-19 pandemic and government measures to contain the virus are adversely affecting our business and results of operations,
and, as conditions are evolving rapidly, we cannot accurately predict the ultimate impact on the Group</I>&rdquo; and &ldquo;<I>Item&nbsp;5.
A. &mdash;Operating Results&mdash;The Ongoing COVID-19 Pandemic.</I>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina&rsquo;s
Sovereign Debt Restructuring</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of the date of this annual report, there is uncertainty as to whether the Argentine government will be able to successfully negotiate
a new program with the IMF. For more information, see &ldquo;<I>Item 3. Key Information&mdash; D. Risk Factors&mdash; Risk Factors&ndash;Risks
Relating to Argentina&ndash;The Argentine government&rsquo;s ability to obtain financing from the international loan and capital
markets may be limited or costly, which may impair its ability to implement reforms and foster economic growth.</I>&rdquo; and
 &ldquo;<I>Item 5.A.&mdash;Operating Results&mdash;The Argentine Economy and Financial System&mdash;Argentina&rsquo;s Sovereign
Debt Restructuring</I>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"></P>



<!-- Field: Page; Sequence: 299; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->289<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 9.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a031"></A>The Offer and Listing</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 9.A</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a032"></A>Offer and Listing Details</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information set forth in Exhibit 2(d), &ldquo;Description of Securities Registered under Section 12(b) of the Exchange Act&rdquo;
is incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 9.B</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a033"></A>Plan of Distribution</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 9.C</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a034"></A>Markets</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May&nbsp;18, 2016, we completed our IPO. Since May&nbsp;19, 2016, our ADSs representing Class&nbsp;B shares have been trading
on the NYSE under the symbol &lsquo;SUPV.&rsquo; Our Class&nbsp;B shares are currently traded on the ByMA (formerly MERVAL and,
ByMA since April 2017) and MAE (since May 2016) under the symbol &lsquo;SUPV.&rsquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December&nbsp;29, 2016, the CNV approved the constitution of ByMA as a new stock market, as a spin-off of certain assets of the
MERVAL relating to its stock market operations and capital contributions by the Buenos Aires Stock Exchange. Following such authorization,
and effective April&nbsp;17, 2017, all securities listed on MERVAL have been automatically transferred to ByMA, as successor of
MERVAL&rsquo;s activities. Additionally, the delegation of powers granted by MERVAL to the Buenos Aires Stock Exchange will apply
to ByMA, thus, the Buenos Aires Stock Exchange will continue to carry out the activities referred to in paragraphs b), f) and
g) of Article 32 of the Argentine Capital Markets Law on behalf of ByMA, including the authorization, suspension and cancelling
of the listing or trading of securities and acting as arbitration court of such market for all matters concerning listed companies&rsquo;
relationship with shareholders and investors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 9.D</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a035"></A>Selling Shareholders</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 9.E</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a036"></A>Dilution</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="va_001"></A>Item 9.F</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenses of the Issue</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 10.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a038"></A>Additional Information</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 10.A</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a039"></A>Share Capital</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>



<!-- Field: Page; Sequence: 300; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->290<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 10.B</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a040"></A>Memorandum and Articles of Association</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information set forth in Exhibit 2(d), &ldquo;Description of Securities Registered under Section 12(b) of the Exchange Act&rdquo;
is incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 10.C</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a041"></A>Material Contracts</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
material contracts outside the ordinary course of business have been entered into during the last 2 years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 10.D</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a042"></A>Exchange Controls</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
September 1, 2019, after the market disruptions caused by the results of the PASO elections, with the purpose of strengthening
the normal functioning of the economy, fostering a prudent administration of the exchange market, reducing the volatility of financial
variables and containing the impact of the variations of financial flows on the real economy, the Argentine government issued
Decree No. 609/2019 whereby foreign exchange controls were temporarily reinstated. The decree: (i) reinstated, originally until
December 31, 2019, the exporters&rsquo; obligation to repatriate the proceeds from exports of goods and services in the terms
and conditions set forth by the Central Bank&rsquo;s implementing regulations and settle for Pesos through the MLC; and (ii) authorized
the Central Bank to (a) regulate access to the MLC for the purchase of foreign currency and outward remittances; and (b) set forth
regulations to avoid practices and transactions aimed to circumvent, through the use of securities and other instruments, the
measures adopted through the decree. On the same date, the Central Bank issued Communication &ldquo;A&rdquo; 6770, which was subsequently
amended and supplemented by further Central Bank communications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
present, foreign exchange regulations have been consolidated in a single regulation, Communication &ldquo;A&rdquo; 6844, as subsequently
amended and supplemented from time to time by Central Bank&rsquo;s communications (the &ldquo;FX Regulations&rdquo;). Below is
a description of the main exchange control measures implemented by the FX Regulations:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific
provisions for inward remittances</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Repatriation
and settlement of the proceeds of exports of goods.</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with section 7.1 of the FX Regulations, exporters must repatriate, and settle in Pesos through the MLC, the proceeds
of their exports of goods cleared through customs as from September 2, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
the FX Regulations maintain the obligation to repatriate export proceeds to Argentina through the MLC, in accordance with Section
2.6, exporters are authorized to avoid the settlement in Pesos to the extent that: (a) the funds are credited in foreign-denominated
accounts in the name of the exporter, opened at local banks; (b) the funds are brought to Argentina within the applicable terms;
(c) the funds are simultaneously applied to the making of payments for which the regulations grant access to the MLC, subject
to any applicable caps; (d) if the funds correspond to the proceeds of new external financial indebtedness and are applied to
the prepayment of foreign currency-denominated loans with local banks, the new indebtedness must have a longer average life than
the local indebtedness, and (e) the mechanism is tax-neutral.</FONT></P>



<!-- Field: Page; Sequence: 301; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->291<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts
collected in foreign currency for insurance claims related to the exported goods must also be repatriated and settled in Pesos
in the MLC, up to the amount of the insured exported goods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
through section 8 of the FX Regulations, the Central Bank reinstated the export proceeds monitoring system, setting forth rules
governing such monitoring process and exceptions thereof. Exporters will need to appoint a financial entity in charge of monitoring
compliance with the aforementioned obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decree
No. 661/2019 clarified that the collection of the export benefits set forth under the Argentine Customs Code shall be subject
to the exporter complying with the repatriation and peso settlement obligations imposed by the new FX Regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
the FX Regulations authorize the application of export proceeds to the repayment of: (i) pre-export financings and export financings
granted or guaranteed by local financial entities; (ii) foreign pre-export financings and export advances settled in the MLC,
provided that the relevant transactions were entered into through public deeds or public registries; (v) financings granted by
local financial entities to foreign importers; and (vi) financial indebtedness under contracts executed prior to August 31, 2019
providing for cancellation thereof through the application abroad of export proceeds. The application of export proceeds to the
repayment of other indebtedness shall be subject to Central Bank approval.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Obligation
to repatriate and settle in Pesos the proceeds from exports of services</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
2.2 of the FX Regulations imposes to exporters the obligation to repatriate, and settle in the MLC, the proceeds from exports
of services within 5 business days following payment thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sale
of non-financial non-produced assets</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Section 2.3 of the FX Regulations, the proceeds in foreign currency of the sale of non-financial non-produced assets must be
repatriated and settled in Pesos in the MLC within 5 business days following either the perception of funds in the country or
abroad, or their accreditation in foreign accounts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>External
financial indebtedness</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
2.4 of the FX Regulations have reinstated the requirement to repatriate, and settle in Pesos through the MLC, the proceeds of
new financial indebtedness disbursed from and after September 1, 2019 as a condition for accessing the MLC to make debt service
payments thereunder. Although the regulations do not establish a specific term for repatriation, this requirement shall be met
any time prior to accessing the MLC. The reporting of the debt under the reporting regime established by Communication &ldquo;A&rdquo;
6401 (as amended and restated from time to time, the &ldquo;External Assets and Liabilities Reporting Regime&rdquo;) is also a
condition to access the MLC to repay debt service.</FONT></P>



<!-- Field: Page; Sequence: 302; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->292<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to compliance with the aforementioned obligations, access to the MLC is granted for the repayment of debt services at maturity
or up to 3 business days in advance. In addition, as set forth by Section 3.5 of the FX Regulations, access to the MLC for prepayments
will be granted, provided all of the following conditions are met: (i) the prepayment is simultaneous with the conversion of the
new indebtedness to Pesos; (ii) the new indebtedness has a higher average life than the outstanding of the current debt being
prepaid; and (iii) the first principal payment under the new indebtedness is (a) at a later date and (b) for an amount not greater
than, the scheduled principal payment under the existing debt being prepaid.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
Section 3.11 of the FX Regulations authorizes (1) local borrowers under (A) foreign financial indebtedness with non-related creditors
and (B) foreign indebtedness to finance the import of goods granted by foreign financial entities or official credit agencies,
and (2) Argentine security trusts created to guarantee indebtedness detailed in (1)(A) and (1)(B) above, to access the MLC to
purchase foreign currency to constitute the guarantees for the amounts required under the relevant loan agreements, subject to
compliance with the following conditions: (a) the relevant indebtedness grants the relevant borrower access to the MLC for repayment
and the agreements provide for debt service guarantee accounts; (b) the funds are transferred to accounts opened in local financial
entities; credit into offshore accounts shall only be admitted if that is the only alternative set forth under the financing documents
provided that such financing documents were entered into before August 31, 2019; (c) the amount accumulated in guarantee accounts
does not exceed the amount of the next debt service payment; (d) the daily purchases do not exceed 20% of the maximum amount mentioned
in (c); and (e) the bank must review the financing documents and confirm that the aforementioned conditions are met. Any funds
not applied to cancel debt services must be settled through in Pesos in the MLC within 5 business days from the corresponding
debt service payment date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
Section 3.3 of the FX Regulations states that the Central Bank&rsquo;s prior approval will be required to access the MLC for the
repayment of debts for imports of goods and services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Duly
registered securities that are denominated and payable in foreign currency in Argentina</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Section 2.5 of the FX Regulations issued by the Central Bank, resident debt issuers are granted access to the
MLC for the payment at maturity of principal and interest under new duly registered issuances of debt securities that are denominated
and payable in foreign currency in Argentina, to the extent they (i) are fully subscribed in foreign currency, and (ii) the proceeds
from the issuance are settled through the MLC. However, the settlement of the proceeds from the issuance shall not be required
for the future access to the MLC for repayment of domestic issuances as provided in (ii) above, provided that certain conditions
are met (i.e., the proceeds are deposited in a local foreign currency-denominated bank accounts and are simultaneously applied
to transactions having access to the MLC, and the mechanism is tax neutral, among others).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Payments
of local debt securities denominated in foreign currency among residents</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Section 3.6 of the FX Regulations, access to the MLC for the payment of foreign currency denominated obligations
between Argentine residents executed from September 1, 2019 is subject to prior approval from the Central Bank. With regard to
existing transactions as of such date, access is authorized; provided that the relevant transactions were entered into through
public deeds or public registries. These prohibitions do not apply to loans in foreign currency granted by local financial entities,
including payments of credit cards.</FONT></P>



<!-- Field: Page; Sequence: 303; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->293<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Access
to the MLC by security trusts for principal and interest payments.</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Section 3.7 of the FX Regulations, Argentine security trusts created to guarantee principal and interest payments by resident
debtors may access the MLC in order to make such payments at their scheduled maturity, to the extent that, pursuant to the current
applicable regulations, the debtor would have had access to the MLC to make such payments directly. Also, subject to certain conditions,
a trustee may access the MLC to guarantee certain capital payments and interest on financial debt abroad and anticipate access
to it.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific
Provisions Regarding Access to the Exchange Market</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Residents
are authorized to access the MLC for the payment of import of goods in accordance with Section 10.1 of the FX Regulations. This
regulation sets forth different requirements depending on whether it relates to the payment of imports of goods with customs clearance
or the payments of import of goods pending customs clearance. Also, the imports and import payments monitoring system (SEPAIMPO)
has been reinstated, setting forth rules governing such monitoring process and exceptions thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the FX Regulations, the local importer must appoint a local financial entity to act as a monitoring bank, which will be responsible
for verifying compliance with the applicable regulations, including, among others, the liquidation of import financing and the
entry of imported goods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Payment
of services provided by non-residents</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Section 3.2 of the FX Regulations, residents may access the MLC for payment of services provided by non-residents (except affiliates),
as long as it is verified that the operation has been declared, if applicable, in the last presentation of the External Assets
and Liabilities Reporting Regime.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Access
to the MLC for the prepayment of debts for services requires prior authorization by the Central Bank. Such approval will be also
required to pay services rendered by foreign affiliates, provided, however, that the following transactions will be exempted:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in
                                         the case of credit card issuers, remittances related to tourism and travel activities
                                         will be exempted, to the extent that they do not relate to transactions requiring the
                                         Central Bank&rsquo;s prior approval as set forth in the FX Regulations;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">collections
                                         of funds relating to services rendered by non-residents to residents, made by local agents
                                         in Argentina;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">expenses
                                         paid by local institutions to offshore institutions in their ordinary course of business;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">payments
                                         of reinsurance premiums abroad, provided that the transfer abroad is made in the name
                                         of a foreign beneficiary qualified by the Argentine Superintendence of Insurance;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 304; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->294<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">transfers
                                         made by travel assistance companies in connection with health-coverage related losses
                                         arising from services rendered abroad by third parties to their resident customers; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">payments
                                         under operating leases of vessels authorized by the Argentine Ministry of Transport and
                                         solely intended to provide services to another non-affiliated resident, provided that
                                         the amount payable abroad does not exceed the amount paid by the latter, net of commissions,
                                         reimbursement of expenses or other items that should be withheld by the resident who
                                         makes the payment abroad.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Repayment
of principal and interest of imports of goods and services</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Access
to the MLC for the repayment of principal and interest of imports of goods and services is granted provided that the operation
has been declared, if applicable, in the last overdue presentation of the External Assets and Liabilities Reporting Regime.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Access
to the MLC for the prepayment of debts for imports of goods and services shall require prior authorization by the Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Payments
of principal and interest of foreign financial indebtedness</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
7 of Communication &ldquo;A&rdquo; 7106 of the Central Bank establishes that debtors with scheduled principal payments maturing
between October 15, 2020 and March 31, 2021 relating to (i) foreign financial indebtedness of the non-financial private sector
with a creditor who is not a counterparty related to the debtor; (ii) foreign financial indebtedness on account of transactions
of the debtor and/or (iii) issuances of debt securities publicly registered in Argentina, denominated in foreign currency, of
private sector customers or of the financial entities themselves, had to submit a refinancing plan to the Central Bank in line
with the following criteria (the &ldquo;Refinancing Plan&rdquo;):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">debtors
                                         were given access to the MLC on the original maturity dates to make payments of net principal
                                         amounts not exceeding forty percent (40%) of the principal amounts due; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         balance of the principal amount shall have to be refinanced, at least, by means of a
                                         new foreign indebtedness with an average life of two (2) years.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further,
section 7 of Communication &ldquo;A&rdquo; 7106 of the Central Bank provides that, in addition to the refinancing granted by the
original creditor, proceeds from new foreign financial indebtedness with other creditors shall also be computed, provided that
the proceeds obtained therefrom be transferred and settled through the MLC. In the case of issuances of debt securities publicly
registered in Argentina and denominated in foreign currency, new issuances shall also be computed provided that certain conditions
are met. In addition, Communication &ldquo;A&rdquo; 7106 established that the Refinancing Plan was to be submitted to the Central
Bank before September 30, 2020 in respect of repayments maturing on or before December 31, 2020. In turn, for repayments maturing
between January 1, 2021 and March 31, 2021, the Refinancing Plans had to be submitted no later than thirty (30) calendar days
in advance of the due date for repayment of the principal to be refinanced. The abovementioned provisions shall not apply to:
(i) indebtedness with international organizations or associated agencies thereof or secured by them; (ii) indebtedness granted
to the debtor by official credit agencies or secured by them; and (iii) when the amount for which access to the MLC is requested
for repayment of principal under such indebtedness does not exceed the equivalent of US$ 1,000,000 (one million U.S. dollars)
per calendar month.</FONT></P>



<!-- Field: Page; Sequence: 305; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->295<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
Communication &ldquo;A&rdquo; 7133 (as amended by Communication &ldquo;A&rdquo; 7196), the Central Bank provided that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">access
                                         to the MLC up to 45 calendar days prior to the maturity date for the payment of principal
                                         of and interest on foreign financial debts or debt securities publicly registered in
                                         Argentina and denominated in foreign currency will be allowed if the prepayment is made
                                         by virtue of a debt refinancing process that complies with the provisions set forth in
                                         Communication &ldquo;A&rdquo; 7106 mentioned above and, additionally, when all of the
                                         following conditions are met: (a) the amount of interest paid does not exceed the amount
                                         of interest accrued on the refinanced indebtedness up to the date the refinancing was
                                         settled, and (b) the accumulated amount of the principal maturities of the new debt does
                                         not exceed the amount that the principal maturities of the refinanced debt would have
                                         accumulated;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">access
                                         to the MLC prior to the maturity date for payment of interest on foreign financial debts
                                         or debt securities publicly registered in Argentina and denominated in foreign currency
                                         will be allowed if the prepayment is consummated as part of a process for the exchange
                                         of debt securities issued by the customer and all of the following conditions are met:
                                         (a) the amount paid before maturity corresponds to interest accrued as at the closing
                                         date of the exchange; (b) the average life of the new debt securities is longer than
                                         the remaining average life of the exchanged security; and (c) the accumulated amount
                                         of the principal maturities of the new securities does not exceed at any time the amount
                                         that the principal maturities of the exchanged securities would have accumulated; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">pursuant
                                         to the provisions of section 7 of Communication &ldquo;A&rdquo; 7106 concerning scheduled
                                         principal repayments maturing between October 15, 2020 and March 31, 2021: (a) the Central
                                         Bank will consider the Refinancing Plan established therein completed when the debtor
                                         accesses the MLC to pay off capital in an amount exceeding 40% of the principal amount
                                         that was then due, to the extent that the debtor settles currency on the MLC as from
                                         October 9, 2020, in an amount equal to or greater than the excess over such 40%, on account
                                         of (i) foreign financial indebtedness, (ii) issuance of debt securities publicly registered
                                         abroad, (iii) issuance of debt securities publicly registered in Argentina and denominated
                                         in foreign currency that meet the conditions set forth in section 3.6.4 of Communication
                                         &ldquo;A&rdquo; 6844 of the Central Bank, and (b) in the case of debt securities publicly
                                         registered in Argentina or abroad, issued on or after October 9, 2020, with an average
                                         life of not less than two years, and the delivery of which to the creditors has allowed
                                         to reach the parameters provided in the proposed Refinancing Plan, the foreign currency
                                         settlement requirement was considered fulfilled for the purposes of being allowed access
                                         to the MLC for the service of principal and interest thereon.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 306; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->296<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
line with the Central Bank, the CNV issued General Resolution No. 861 to facilitate the refinancing of debt through the capital
markets. In this regard, the CNV provided that whenever the issuer intends to refinance debt through an exchange offer or new
issues of debt securities, in both cases in exchange for or to be paid with debt securities previously issued by the company and
placed privately and/or with preexisting credits against such company, the requirement of placement through public offering will
be regarded as met if the new issue is underwritten in this way by the creditors of the company whose debt securities without
public offering and/or preexisting credits represent a percentage that does not exceed thirty percent (30%) of the aggregate amount
actually placed, and the remaining percentage is underwritten and paid in cash or in kind by tendering debt securities originally
placed through public offering, or other debt securities publicly offered and listed and/or traded on markets authorized by the
CNV, issued by the same company, by persons who are domiciled in Argentina or in countries that are not included in the list of
non-cooperative jurisdictions for tax purposes, listed in section 24 of the Annex to Decree No. 862/2019 or anyone that may replace
it in the future. Additionally, General Resolution No. 861 provided for mandatory compliance with certain conditions to consider
that the public offering requirement has been met.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Payment
of principal and interest on registered debt securities with foreign clearing</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
February 4, 2021, the Central Bank issued Communication &ldquo;A&rdquo; 7218, which provides access to the MLC to Argentine residents
for the payment of principal and interest on notes registered with foreign clearing and central securities depository agencies
issued as from February 5, 2021, which have been partially settled with foreign currency in Argentina, to the extent that all
of the following conditions are met, (i) the borrower provides evidence of exports made prior to the issuance of the notes, or
that the proceeds of the issuance of such notes were used for making payments abroad; provided that one of the two (2) conditions
is met, access to the MLC shall not require the prior approval of the Central Bank; (ii) the average life of the notes shall not
be less than five (5) years; (iii) the first payment of principal under the notes shall not occur before three (3) years as from
the issue date; (iv) the notes subscribed locally in Argentina and settled locally with foreign currency shall not exceed 25%
of the aggregate amount of notes subscribed; and (v) all of the funds of the offering shall be settled through the MLC prior to
the borrower accessing the MLC for the first time for paying interest and/or principal under the notes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Prepayment
of financing denominated in foreign currency granted by local financial institutions</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank&rsquo;s prior approval shall be required to access the MLC to prepay foreign currency financing granted by local
financial institutions, unless they relate to payments of credit card purchases made in foreign currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Payment
of dividends and corporate profits</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Section 3.4 of the FX Regulations, access is granted to the MLC to pay dividends to non-resident shareholders,
subject to the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum
                                         amounts: The total amount of transfers made through the MLC for payment of dividends
                                         to non-resident shareholders may not exceed the 30% of the total value of the capital
                                         contributions made in the relevant local company that entered and settled through the
                                         MLC as of January 17, 2020. The total amount paid to non-resident shareholders shall
                                         not exceed the corresponding amount denominated in Pesos determined by the shareholders&rsquo;
                                         meeting to be distributed as dividends.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 307; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->297<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum
                                         Period: Access to the MLC will only be granted after a period of not less than thirty
                                         (30) calendar days has elapsed as from the date of the settlement of the last capital
                                         contribution that is taken into account for determining the aforementioned 30% cap.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Documentation
                                         requirements: Dividends must be the result of closed and audited balance sheets. When
                                         requesting access to the MLC for this purpose, evidence of the definitive capitalization
                                         of capital contributions must be provided or, if not available, evidence of filing of
                                         the process of registration of the capital contribution before the Public Registry shall
                                         be provided. In this case, evidence of the definitive capitalization shall be provided
                                         within 365 calendar days from the date of the initial filing with the Public Registry.
                                         If applicable, the External Assets and Liabilities Reporting Regime shall have been complied
                                         with.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Access
to the MLC by other residents -excluding entities- for the formation of external assets and for derivatives transactions</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
3.10 of the FX Regulations sets forth that access to the MLC for the build-up of foreign assets and for derivatives transactions
by local governments, mutual funds, other universalities established in Argentina, requires prior authorization by the Central
Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Derivatives
transactions</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
4.4 of the FX Regulations requires that derivatives transactions, including payment of premiums, constitution of collateral and
settlement of futures, forwards, options and other derivatives, shall, as of September 11, 2019, be made in local currency (i.e.,
Pesos).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Likewise,
access to the MLC is granted for the payment of premiums and settlements, margins and other collateral in connection with interest
rate hedge agreements for foreign debt declared and validated, if applicable, in the External Assets and Liabilities Reporting
Regime, as long as such agreements do not cover higher risks than external liabilities of the recorded debtor&rsquo;s interest
rate risk being covered.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">An
entity authorized to operate in the MLC must be designated by the debtor to track the operation and an affidavit must be provided
in which the debtor undertakes to repatriate and settle the funds that are in favor of the local client as a result of such operation,
or as a result of the release of the funds of the constituted as collateral, in Pesos within the following five (5) business days.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Additional
Requirements Regarding Access to the Exchange Market</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May 28, 2020, the Central Bank issued Communication &ldquo;A&rdquo; 7030 , as amended by Communications &ldquo;A&rdquo; 7042,
7052, 7068, 7079, 7094, 7151 and 7193 (&ldquo;Communication 7030&rdquo;), which established additional requirements on outflows
made through the MLC. Below is a brief description of such measures:</FONT></P>



<!-- Field: Page; Sequence: 308; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->298<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Additional
requirements on outflows through the MLC</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the case of certain outflows made through the MLC (i.e., payments of imports and other purchases of goods abroad; payment of services
rendered by non-residents; remittances of profits and dividends; payment of principal of and interest on external indebtedness;
payments of interest on debts for the import of goods and services; payments of indebtedness in foreign currency owed by residents
made through trusts organized in Argentina to secure the provision of services; payments under foreign currency-denominated debt
securities publicly registered in Argentina and liabilities in foreign currency owed by residents; purchases of foreign currency
by resident individuals for the purpose of forming external assets, providing family assistance and entering into derivative transactions
(other than those made by individuals on account of the formation of external assets), purchase of foreign currency by individuals
to be simultaneously used to purchase real estate in Argentina with a mortgage loan; purchase of foreign currency by other residents
(excluding financial institutions) to form external assets and in connection with derivative transactions; other purchases of
foreign currency by residents for specific uses and under interest rate hedge agreements in connection with liabilities incurred
by residents that have been reported and validated under the External Assets and Liabilities Reporting Regime), the financial
institution shall obtain the Central Bank&rsquo;s prior approval before processing the transaction, unless it has obtained an
affidavit executed by the legal entity or individual stating that, at the moment of accessing the local exchange market:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holding
                                         foreign currency in Argentina and non-holding of available external liquid assets. The
                                         customer shall certify that all foreign currency in Argentina is available in accounts
                                         with financial institutions and that the customer had no external liquid assets available
                                         at the beginning of the day when access to the market was requested in an amount higher
                                         than the equivalent to US$ 100,000.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Communication
7030 provides a merely illustrative list of liquid external assets including, among others, holdings of foreign currency bills
and coins, holdings of coined gold or gold bars for good delivery, demand deposits with financial institutions abroad and other
investments that allow for immediate availability of foreign currency including, for example, investments in external government
securities, funds held in investment accounts with investment managers abroad, crypto-currency, funds in payment service providers&rsquo;
accounts, etc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Available
liquid external assets are not understood to include those funds deposited abroad that may not be used by the legal entity or
individual as they are reserve or security funds set up in compliance with the requirements under borrowing agreements abroad
or funds set up as collateral under derivative transactions consummated abroad.</FONT></P>



<!-- Field: Page; Sequence: 309; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->299<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the legal entity or individual had liquid external assets available in an amount higher than the sum specified in the first paragraph,
the financial institution may also accept an affidavit provided it is satisfied that such amount shall not be exceeded on the
grounds that, either partially or totally, such assets:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 31.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">were
                                         used during such day to make payments that would have required access to the local exchange
                                         market;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 31.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">were
                                         transferred to the legal entity or individual to a correspondent account of a local institution
                                         licensed to deal in foreign exchange;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 31.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                         funds deposited in bank accounts abroad from collections of exports of goods and/or services
                                         or advances, pre- or post-export financing of goods by non-residents, or from the disposal
                                         of non-financial non-produced assets in respect of which the term of 5 business days
                                         after collection has not yet expired; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 31.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                         funds deposited in bank accounts abroad from financial indebtedness abroad and the amount
                                         thereof does not exceed the equivalent amount payable as principal and interest within
                                         the next 120 calendar days.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
affidavit filed by legal entities or individuals shall expressly indicate the value of their liquid external assets available
as of the beginning of the day as well as the amounts allocated to each of the situations described in paragraphs i) through iv),
as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
                                         inflows and settlement of foreign currency from collections of loans granted to third
                                         parties and time deposits or sales of any asset, provided same were purchased and granted
                                         after May 28, 2020. Customers&rsquo; affidavits shall include a commitment to settle
                                         in the MLC, within a term of five business days upon being made available, those funds
                                         received from abroad from the collection of loans granted to third parties, the collection
                                         of a time deposit or the sale of any asset, provided the asset had been purchased, the
                                         time deposit had been made or the loan had been granted after May 28, 2020.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
filing of affidavits shall not be required for outflows through the MLC in the following cases: (1) the exchange institution&rsquo;s
own transactions, acting as customer; (2) payment of financing in foreign currency granted by local financial institutions in
connection with purchases in foreign currency using credit or shopping cards; and (3) payments abroad by credit card companies
that are not financial institution in connection with the use of credit, shopping, debit or pre-paid cards issued in Argentina.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
Communication &ldquo;B&rdquo; 12082 of the Central Bank established that, prior to allowing any outflow of funds abroad, financial
institutions are required to check the online system implemented by the Central Bank to verify if the customer that intends to
access the MLC is included in the list of CUITs (Tax Identification Numbers) showing inconsistent foreign exchange transactions.</FONT></P>



<!-- Field: Page; Sequence: 310; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->300<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Payment
of imports of goods by accessing the MLC until March 31, 2021. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to complying with the filing requirement as set forth in paragraph (i) above, item 2 of Communication 7030 sets forth
that, for the purposes of accessing the MLC to pay imports of goods or the principal amount of debts arising from the import of
goods, legal entities and individuals shall obtain the Central Bank&rsquo;s prior approval, unless any of the following situations
occurs:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         entity has received an affidavit from the client stating that the total amount of payments
                                         associated with its imports of goods processed through the exchange market during 2020,
                                         including the payment whose course is being requested, does not exceed in more than U.S.$1,000,000,
                                         the amount by which the importer would have access to the exchange market when computing
                                         the imports of goods that appear in his name in the system for tracking payments of imports
                                         of goods (SEPAIMPO) and that were made between January 1, 2020 and the day prior to accessing
                                         the MLC, plus the amount of payments made under other exceptions, subtracting the amount
                                         pending to be entered into Argentina, related to payments of imports with pending customs
                                         registration made between September 1, 2019 and December 31, 2019.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the case of a deferred payment or at sight payment of imports corresponding to operations
                                         that have been shipped as of July 1, 2020 or that, having been shipped previously, did
                                         not have arrived in the country before that date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
                                         is a payment associated with an operation not included in section b) above, to the extent
                                         that it is destined to the cancellation of a commercial debt for imports of goods with
                                         an export credit agency or a foreign financial entity or that was guaranteed by either
                                         of such entities.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
                                         is a payment made by: i) the public sector, ii) entities in which the Argentine State
                                         has a majority participation in the capital stock or in the making of major corporate
                                         decisions or iii) trusts constituted with contributions made by the national public sector.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
                                         is an imports payment with pending customs entry registration, to be made by an entity
                                         in charge of the provision of critical drugs to be entered by private request by the
                                         beneficiary.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
                                         is an imports payment with pending customs entry registration made for the purchase of
                                         COVID-19 detection kits or other products with tariff positions that are included in
                                         the list included in Decree No. 333/2020 as amended.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         financial entity has received an affidavit from the client stating that, including the
                                         advanced import payment which is being requested, plus the amounts included in (a), do
                                         not exceed U.S.$3,000,000 and that these payments are related to imports of products
                                         related to the provision of medication or other goods related to medical assistance and/or
                                         health care directed to the population or supplies that are necessary for their local
                                         preparation.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 311; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->301<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
to authorizing payments for imports of goods, the intervening financial entity must, in addition to requesting the client&rsquo;s affidavit,
verify that such statement is compatible with the existing data in the Central Bank from the online system implemented for this
purpose.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amount by which importers can access the MLC under the conditions established within the framework of section 2 of Communication
 &ldquo;A&rdquo; 7030 will be increased by the equivalent of 50% of the amounts that, the importer settles through the MLC as export
advances or pre-financing of exports from abroad with a minimum term of 180 days, as of October 2, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the case of operations settled as of April 1, 2021, access to the MLC will also be admitted for the remaining 50% to the extent
that the additional part corresponds to advanced payments of capital goods, and that the financial entity has the documents justify
the products paid correspond to tariff positions classified as BK (Capital Goods).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Access
to the MLC for payment of imports of goods while submission of import clearance is pending.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 7138, to access the MLC for the payment of imports of goods pending customs clearance, importers
are required (in addition to the other requirements in force under the FX Regulations) to file a declaration through the Integral
Import Monitoring System (Sistema Integral de Monitoreo de Importaciones or SIMI) showing the &ldquo;SALIDA&rdquo; status in connection
with the imported goods to the extent that such declaration is required for the registration of the application for import of
goods for consumption.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Access
to the MLC for prepayment of imports</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Communication
 &ldquo;A&rdquo; 7138 clarified that, effective as of November 2, 2020, payments for imports of goods pending customs clearance
made between September 2, 2019 and October 31, 2019 will be considered in default if they (A) relate to (i) payments on demand
upon presentation of shipping documents; (ii) payments of commercial debts abroad; and (iii) payment of commercial guarantees
for imports of goods granted by local institutions, and (B) are not regularized, that is, the customer failed to furnish evidence
to the institution in charge of monitoring such payment (up to the amount paid) of the existence of (i) import clearance in its
name or in the name of a third party; (ii) the settlement on the MLC of currency associated with the return of the payment made;
(iii) other forms of regularization permitted under the FX Regulations; and/or (iv) the Central Bank&rsquo;s acceptance of the
total or partial regularization of the transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Importers
will not be allowed access to the MLC to make new prepayments of imported goods until such defaulted transactions are not regularized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Payments
of principal under debts with related counterparties until March 31, 2021</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Central Bank&rsquo;s prior approval is required to access the MLC to make payments abroad of principal of financial debts when
the creditor is a counterparty related to the debtor. This requirement is applicable until March 31, 2021, pursuant to Communication
 &ldquo;A&rdquo; 7193. Such requirement shall not apply to the local financial institutions&rsquo; own transactions.</FONT></P>



<!-- Field: Page; Sequence: 312; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->302<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item
4 of Communication &ldquo;A&rdquo; 7123 of the Central Bank establishes that, for as long as the requirement to obtain prior approval
to access the MLC to pay, at maturity, principal of foreign financial indebtedness of the non-financial private sector when the
creditor is a counterparty related to the debtor continues to be in place, such requirement will not be applicable if the funds
have been entered and settle through the MLC as of October 2, 2020 and the average life of the indebtedness is not less than 2
(two) years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Extension
of the term for outflows through the MLC in connection with the sale of securities to be settled in foreign currency or transfers
to foreign depositaries.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the case of outflows through the MLC, including by means of swap or arbitrage transactions, in addition to the requirements that
apply to each particular case, financial institutions shall request the filing of an affidavit certifying that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">on
                                         the day when access to the market is requested and within the prior 90 calendar days
                                         no sales of securities have been made via settlement of foreign currency or transfers
                                         thereof to foreign depositaries; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         customer filing the affidavit undertakes to refrain from selling securities to be settled
                                         in foreign currency or transferring same to foreign depositaries since the day access
                                         is requested and during a term of 90 calendar days.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
filing of the affidavit shall not be required in case of outflows through the MLC in the following circumstances: 1) the financial
institution&rsquo;s own transactions, acting as customer; 2) payment of financing in foreign currency granted by local financial
institutions, including payments for purchases made in foreign currency using credit or shopping cards; and 3) remittances abroad
in the name of individuals who are the recipients of retirement and/or pension benefits paid by ANSES.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><U>Communication
 &ldquo;A&rdquo; 7193</U></I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through
Communication &ldquo;A&rdquo; 7193, the Central Bank modified Section 2 of Communication &ldquo;A&rdquo; 7030 as amended, that
regulated the requirements to access the MLC for the payment of imports, in accordance with what is already reflected in &ldquo;&mdash;Payment
of imports with access to the exchange market until March 31, 2021.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Likewise,
Communication &ldquo;A&rdquo; 7193 established that financial entities will be required to obtain the prior consent of the Central
Bank to provide their clients with access to the MLC for payments, with regards to payment operations included in Sections 3.1.
to 3.11. and 4.4.2. of FX Regulations (including those that are specified through exchanges or arbitrations), to individuals or
entities included by the AFIP in the database of &ldquo;false&rdquo; invoices or equivalent documents established by such Agency.
This requirement will not be applicable to access the MLC for the payment of financing in foreign currency granted by local financial
entities, including payments in foreign currency made through credit or purchase cards.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
Specific Provisions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Access
to the MLC for savings or investments purposes of individuals</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Section 3.8 of the FX Regulations, Argentine residents may access the MLC for the purposes of external assets&rsquo; formation,
family assistance or derivative operations (with some exceptions expressly set forth) for up to U.S.$200 (through debits to local
bank accounts) or U.S.$100 (in cash) per person per month through all authorized exchange entities. If the access entails a transfer
of the funds abroad, the destination account must be an account owned by the same person.</FONT></P>



<!-- Field: Page; Sequence: 313; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->303<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
as of September 16, 2020, the Central Bank ordered under Communication &ldquo;A&rdquo; 7106 that purchases in pesos made abroad
with a debit card and amounts in foreign currency acquired by individuals in the MLC as of September 1, 2020, for the payment
of obligations between residents under section 3.6 of the FX Regulations, including payments for credit card purchases in foreign
currency, will be deducted, as from the subsequent calendar month, from the US$ 200 monthly quota. If the amount of such purchases
exceeds the quota available for the following month or such quota has been already absorbed by other purchases made since September
1, 2020, such deduction will be made from the quotas of the following months until completing the amount of those purchases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, pursuant to Communication &ldquo;A&rdquo; 7106 and effective as of September 16, 2020, in order to allow access to the
MLC for the formation of external assets, the relevant institution must be provided with a customer&rsquo;s affidavit whereby
the customer undertakes not to enter into securities transactions in Argentina to be settled in foreign currency as from the time
the customer requests access to the MLC and for 90 calendar days thereafter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
relevant institution shall check the online system implemented by the Central Bank to verify whether the person has not reached
the limits set for the applicable calendar month or has not exceeded them in the previous calendar month and is thus entitled
to enter into the foreign exchange transaction, and shall request the customer to provide an affidavit stating that such person
is not a beneficiary of any &ldquo;Zero Interest-Rate Loans&rdquo; contemplated in section 9 of Decree No. 332/2020, as amended,
 &ldquo;Subsidized Loans for Companies&rdquo; and/or &ldquo;Zero Interest-Rate Loans for Independent Workers Engaged in Cultural
Activities.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, for the purpose of entering into derivative transactions relating to the payment of premiums, creation of guarantees
and payments of futures, forwards, options and other derivatives, to the extent they imply a payment in foreign currency, individuals
shall be required to obtain the Central Bank&rsquo;s prior approval.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Access
to the local exchange market is also allowed for the payment of premiums, creation of guarantees and payment of interest rate
hedge agreements under obligations by residents vis-&agrave;-vis foreign creditors that are reported and validated, as applicable,
under the External Assets and Liabilities Reporting Regime, provided that it does not cover risks higher than the external liabilities
actually incurred by the debtor at the interest rate of the risk being hedged through such transaction. The customer who accesses
the local market using this mechanism shall designate an institution authorized to deal in the MLC which shall follow up the transaction
and shall sign an affidavit committing to enter and settle the funds payable to the local customer as a result of such transaction
or as a result of the release of the collateral money, within 5 business days following the date such payment or release.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
any persons who received loans denominated in pesos directed to SMEs listed in items 2 and 3 of Communication &ldquo;A&rdquo;
7006 of the Central Bank shall request the Central Bank&rsquo;s previous authorization to access the MLC to enter into transactions
for the purpose of forming external assets, providing family assistance and entering into derivative transactions or selling securities
to be settled in foreign currency or transferring such securities to other depositaries. The applicable institution shall request
customers willing to access the MLC to provide evidence of the referred authorization from the Central Bank or an affidavit to
the effect that they are not beneficiaries of any financing listed in items 2 or 3 of Communication &ldquo;A&rdquo; 7006 of the
Central Bank.</FONT></P>



<!-- Field: Page; Sequence: 314; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->304<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
Central Bank has also established that individuals benefitting from the provisions of item 4 of Communication &ldquo;A&rdquo;
6949, as supplemented, and section 2 of Decree No. 319/20 may not, until repaying in full the financed amount or while the benefit
regarding the adjustment of the value of the installment continues, as applicable, (i) access the MLC for the purpose of forming
external assets, providing family assistance and entering into derivative transactions; and (ii) arrange for the sale in Argentina
of securities with settlement in foreign currency or transfer them to foreign depositaries.</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sale
of foreign currency to non-residents</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with Section 3.12 the FX Regulations, prior approval
by the Central Bank will be required for access to the MLC by non-residents for the purchase of foreign currency, except for the following
operations: (a) international organizations and institutions that perform functions of official export credit agencies, (b) diplomatic
representations and consular and diplomatic personnel accredited in the country for transfers made in the exercise of their functions,
(c) representatives of courts, authorities or offices, special missions, commissions or bilateral bodies established by Treaties or International
Agreements, in which the Argentine Republic is part, to the extent that transfers are made in the exercise of their functions, (d) foreign
transfers in the name of individuals who are beneficiaries of retirement and/or pensions paid by the ANSES, for up to the amount paid
by said agency in the calendar month and to the extent that the transfer is made to a bank account owned by the beneficiary in its registered
country of residence, (e) purchase of foreign currency (in cash) by non-resident individuals for tourism and travel expenses, up to a
maximum amount of U.S.$100 dollars, to the extent the financial entity can verify that the client has settled an amount equal or higher
than the sum to be purchased within 90 days prior to the operation, and (f) transfers to offshore bank accounts by individuals that are
beneficiaries of pensions granted by the Argentine government pursuant to Laws Nos. 24,043, 24,411 and 25,914, as supplemented.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Swap,
arbitrage and securities transactions</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial
institutions may carry out currency swap and arbitrage transactions with their customers in the following cases:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">inflows
                                         of foreign currency from abroad, to the extent that they do not relate to transactions
                                         subject to the obligation to settle them in the MLC. Financial institutions shall allow
                                         inflows of foreign currency from abroad to be credited into the accounts opened by the
                                         customer in foreign currency in connection with these transactions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">transfer
                                         of foreign currency abroad by individuals from their local accounts denominated in foreign
                                         currency to bank accounts held by such individuals abroad. Financial institutions shall
                                         require an affidavit from the customer stating that the customer has not sold any securities
                                         to be settled in foreign currency in the local market within the past 5 business days;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 315; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->305<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">transfer
                                         of foreign currency abroad by local common depositaries of securities in connection with
                                         proceeds received in foreign currency on account of services of principal and interest
                                         on Argentine Treasury bonds, when such transaction forms part of the payment procedure
                                         at the request of the foreign common depositaries;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">arbitrage
                                         transactions not originated in transfers from abroad may be made without any restrictions,
                                         to the extent that the funds are debited from an account in foreign currency held by
                                         the customer with a local financial institution. To the extent that the funds are not
                                         debited from an account denominated in foreign currency held by the customer, these transactions
                                         may be made by individuals, without the Central Bank&rsquo;s prior approval, up to the
                                         amount allowed for the use of cash under items 3.8. and 3.12 of the FX Regulations;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">transfers
                                         of foreign currency abroad made by individuals from their local accounts denominated
                                         in foreign currency to offshore collection accounts up to an amount equivalent to US$
                                         500 in any calendar month, provided that the individual provides an affidavit stating
                                         that the transfer is made to assist in the maintenance of Argentine residents who were
                                         forced to remain abroad in compliance with the measures adopted in response to the COVID-19
                                         pandemic; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">all
                                         other swap and arbitrage transactions may be made by customers without the Central Bank&rsquo;s
                                         prior approval to the extent that they would be allowed without need of such approval
                                         in accordance with other exchange regulations. This also applies to local common depositaries
                                         of securities with respect to the proceeds received in foreign currency as payments of
                                         principal of and interest on foreign currency securities paid in Argentina.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the transfer is made in the same currency as that in which the account is denominated, the financial institution shall credit
or debit the same amount as that received from or sent abroad. When the financial institution charges a commission or fee for
these transactions, it shall be instrumented under a specifically designated item.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, any person who has outstanding facilities in pesos under the scope of Communications &ldquo;A&rdquo; 6937, &ldquo;A&rdquo;
6993, &ldquo;A&rdquo; 7006, &ldquo;A&rdquo; 7082 of the Central Bank, as supplemented (i.e., credit facilities at subsidized interest
rates) will be prevented from selling securities to be settled in foreign currency or transferring such securities to foreign
depositaries, until such facilities have been fully repaid.</FONT></P>



<!-- Field: Page; Sequence: 316; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->306<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Use
of export proceeds for the payment of new issuances of debt securities</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Communication &ldquo;A&rdquo; 7196, as of January 7, 2021, proceeds in foreign currency from exports of goods and services
may be used for the payment of principal and interest under new duly registered issuances of debt securities, to the extent that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">such
                                         issuance corresponds to (i) an exchange of debt securities, or (ii) the refinancing of
                                         foreign financial indebtedness, concerning scheduled principal repayments maturing between
                                         March 31, 2021, and December 31, 2022; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">considering
                                         the transaction as a whole, the average life of new indebtedness is at least 18 months
                                         longer than the principal and interest payments being refinanced which should occur before
                                         December 31, 2022.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Use
of export proceeds for the payment of debts denominated in foreign currency</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Communication
 &ldquo;A&rdquo; 7138 provides for cases in which proceeds in foreign currency from exports of goods and services may be used for
the payment of certain debts denominated in foreign currency, indicating that, if the conditions set forth in item 1 of Communication
 &ldquo;A&rdquo; 7123 (relating to use of proceeds, the timing of entry and settlement of funds on the MLC and the monitoring of
the transaction by a local financial institution) are met, proceeds in foreign currency from exports of goods and services may
be used for:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">payments
                                         of principal and interest of financial debts abroad with an average life (considering
                                         services of both principal and interest) of not less than one year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         repatriation of non-residents&rsquo; direct investments in companies that do not control
                                         local financial institutions, provided that such repatriation occurs after the date of
                                         completion and implementation of the investment project and at least one year after the
                                         inflow of the capital contribution through the MLC.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, Communication &ldquo;A&rdquo; 7138 provided for new transactions that may be paid out of foreign currency export proceeds:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">new
                                         issuances of debt securities publicly registered in Argentina as of November 11, 2019
                                         and denominated in foreign currency for which principal and interest are payable in Argentina
                                         in foreign currency (to the extent the proceeds have been obtained through the MLC),
                                         with an average life of not less than one year considering maturities of both principal
                                         and interest;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">new
                                         indebtedness or direct investment capital contributions, the proceeds of which have entered
                                         and settled, and have allowed to reach the parameters provided in the Refinancing Plan
                                         under item 7 of Communication &ldquo;A&rdquo; 7106; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">new
                                         issuances of debt securities publicly registered in Argentina or abroad issued after
                                         October 9, 2020, with an average life of not less than two years, the delivery of which
                                         allowed the issuer to reach the parameters provided in its Refinancing Plan.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 317; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->307<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Export
proceeds to guarantee new indebtedness</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Communication
 &ldquo;A&rdquo; 7196 allows for proceeds from exports of goods and services held in local or foreign financial institutions to
guarantee payment of new indebtedness entered into pursuant to Communication &ldquo;A&rdquo; 7123 and has complied with the mandatory
repatriation and settlement obligation, as from January 7, 2021. Funds in these accounts shall not exceed at any time 125% of
the principal and interest to be paid in the current month and the following six calendar months, in accordance with the scheduled
of payments as agreed upon with the creditors. Funds exceeding such amount must be repatriated and settled through the MLC subject
to the applicable foreign exchange rules.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the event the financial agreement entered into requires the funds to be deposited for a period exceeding that which has been established
for its mandatory settlement, the exporter may request this latter period be extended up until five business day after the former.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Access
to the </U></I>MLC <I><U>for the constitution of guarantees </U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Residents
may access the MLC for the constitution of guarantees in connection to new indebtedness entered into as of January 7, 2021, pursuant
to the Communication &ldquo;A&rdquo; 7123 refinancing scheme, or in connection to local trusts created to guarantee principal and
interest payments of such new indebtedness. Such guarantees are to be held in local financial institutions or, in the event of
foreign indebtedness, in foreign financial institutions, in an amount equal to that established in the agreement, pursuant to
the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">concurrently
                                         to such access, foreign currency-denominated funds are being repatriated and settled
                                         through the MLC and/or funds credited to the correspondent account of a local financial
                                         institutions, and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         guarantees shall not exceed at any time 125% of the principal and interest to be paid
                                         in the current month and the following six calendar months, in accordance with the scheduled
                                         of payments as agreed upon with the creditors.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Funds
which are not applied to the payment of principal and interest or the conservation guarantee detailed herein must be settled through
the MLC within five business days from its maturity date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Access
to the </U></I>MLC <I><U>for the payment of new issuances of debt securities</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
duly registered issuances of foreign-denominated debt securities, issued as of January 7, 2021, intended to refinance pre-existing
debt, when seeking access to the MLC for the payment of principal and interest under such new indebtedness, shall be considered
to have complied with the obligation to mandatory settle through foreign currency for an amount equivalent to the refinanced principal,
the interest accrued up to the date the refinancing was settled and, to the extent that the new debt securities do not schedule
principal maturities before 2023, the interest that would accrue until December 31, 2022 by the indebtedness which is refinanced
in advance and/or by the deferment of the refinanced principal and/or by the interest which would accrue on the amounts so refinanced.</FONT></P>



<!-- Field: Page; Sequence: 318; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->308<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Special
regime for financings under Plan Gas IV</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
November 19, 2020, the Central Bank issued Communication &ldquo;A&rdquo; 7168 which provided for specific regulations applicable
to transactions entered and settled through the MLC as of November 16, 2020 intended for the financing of projects falling within
the scope of the Plan Gas IV. In particular, Communication &ldquo;A&rdquo; 7168 provides that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Institutions
                                         may grant access to the MLC to remit funds abroad in the nature of dividends and profits
                                         to non-resident shareholders without the prior consent of the Central Bank provided the
                                         following conditions are met:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         dividends and profits arise from audited and closed financial statements;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         total amount to be paid as dividends and profits to non-resident shareholders, including
                                         the payment then requested to be processed, does not exceed the amount in local currency
                                         payable to them as per the distribution approved by the shareholders&rsquo; meeting;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">access
                                         occurs not earlier than two calendar years from the date of the settlement in the MLC
                                         of the transaction that qualifies for inclusion in this point; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         transaction is disclosed, if applicable, in the last filing due under the External Assets
                                         and Liabilities Reporting Regime.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Institutions
                                         may grant access to the MLC, without the prior consent of the Central Bank, for the payment
                                         at maturity of principal and interest services on foreign indebtedness provided that
                                         such indebtedness has an average life of not less than two years and the remaining requirements
                                         for principal and interest payments on foreign financial indebtedness under the FX Regulations
                                         are met.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Entities
                                         may grant access to the MLC, without the prior consent of the Central Bank, for the repatriation
                                         of direct investments made by non-residents up to the amount of direct investment contributions
                                         settled on the MLC market as of November 16, 2020 as long as all of the following conditions
                                         are met:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         institution has documentation that proves the effective inflow of the direct investment
                                         in the resident company;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">access
                                         occurs not earlier than two years from the date of settlement on the MLC of the transaction
                                         that qualifies for inclusion in this point;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in
                                         case of a capital reduction and/or return of irrevocable contributions made by the local
                                         company, the institution has documentation that proves that the relevant legal mechanisms
                                         have been complied with and has verified that the external liability in pesos generated
                                         as from the date of the non-acceptance of the irrevocable contribution or the capital
                                         reduction, as applicable, has been disclosed in the last filing due under the External
                                         Assets and Liabilities Reporting Regime.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
all cases, the institution shall have documentation that allows it to verify the genuineness of the transaction to be processed,
that the funds were used to finance projects falling under the scope of such plan and the fulfilment of the other requirements
set forth in the FX Regulations.</FONT></P>



<!-- Field: Page; Sequence: 319; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->309<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Local
collections for exports of on-board supplies to foreign flagged means of transport (regimen de ranchos)</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
February 5, 2020, the Central Bank issued Communication &ldquo;A&rdquo; 7217, establishing that, regarding local collections for
exports of on-board (regimen de ranchos) supplies to foreign flagged means of transport, it shall be considered that the follow-up
of the shipment permit is totally or partially complied with, for an amount equivalent to the amount paid locally in Pesos and/or
in foreign currency to the exporter by a local agent that owns the foreign flagged means of transport, as long as the following
conditions are met:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         documentation allows to verify that the delivery of the exported merchandise has taken
                                         place in the country, that the local agent of the company that owns the foreign flagged
                                         means of transport made the payment to the exporter locally and in which currency the
                                         payment was made.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">An
                                         entity shall issue a certification stating that the company that owns the foreign flagged
                                         means of transport would have had access to the MLC pursuant to Section 3.2.2. of the
                                         FX Regulations for the equivalent amount in foreign currency which is intended to be
                                         computed to the shipment permit.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
entity which states the precedent shall previously verify compliance with all the other requirements stablished in Section 3.2.2.
of the FX Regulations except for provisions of Section 3.13. and the local agent of the company that owns the foreign flagged
means of transport shall have filed an affidavit stating that it has not transferred or will transfer funds abroad for the proportional
amount of the operations included in the certification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the event that the funds have been received in the country in foreign currency, a certification
                                         that the settlement of the funds through the MLC has been made is needed.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
local agent of the company that owns the foreign flagged means of transport shall not have used this mechanism for an amount greater
than U.S.$250,000 in the calendar month.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Central
Bank&rsquo;s Reporting Systems</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Advance
information on foreign exchange transactions</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
institutions authorized to deal in foreign exchange shall provide the Central Bank, at the end of each business day and two business
days in advance, with information on transactions relative to outflows through the MLC in daily amounts equal to or higher than
the equivalent of US$ 50,000 (fifty thousand U.S. Dollars).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customers
of licensed institutions shall provide such institutions with information sufficiently in advance so that they may comply with
the requirements under this reporting regime and, accordingly, to the extent any further requirements set forth in the exchange
regulations are simultaneously satisfied, they may process the exchange transactions.</FONT></P>



<!-- Field: Page; Sequence: 320; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->310<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Other
foreign exchange regulations</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to General Resolution No. 836/20, the CNV provided that mutual investment funds in pesos shall invest at least 75% of their assets
in financial instruments and marketable securities issued in Argentina exclusively in local currency. General Resolution No. 838/20
clarified that such requirement is not applicable to investments in assets issued or denominated in foreign currency that are
made and paid in pesos and the interest and principal amounts whereof are exclusively paid in pesos.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
Interpretation Criterion No. 17 (referring to General Resolution No. 836/2020), the CNV established that new investments in assets
issued in foreign currency may be made only if the aggregate of the assets listed in section 78, Article XV, Chapter III, Title
XVIII of the CNV Rules plus the rest of the assets issued in a currency other than pesos does not exceed 25% of the assets of
the relevant mutual investment fund.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to General Resolution No. 871/2020, sales transactions of securities to be settled in foreign currency and in a foreign jurisdiction
will be carried out provided that a minimum holding period of three business days is observed to be counted as from the date such
securities are credited with the relevant depositary. As regards to sales of securities to be settled in foreign currency and
in a local jurisdiction, the minimum holding period will be two business days to be counted as from the date such securities are
credited with the relevant depositary. These minimum holding periods shall not be applicable in the case of purchases of securities
to be settled in foreign currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">In addition, transfers of securities
acquired from foreign depositaries to be settled in pesos will be processed subject to a minimum holding period of three business days
counted as from the crediting thereof with the depositary, unless such crediting results from a primary placement of securities issued
by the National Treasury or refers to shares and/or </FONT>CEDEARs (<I>Certificado de Dep&oacute;sito Argentinos</I>) traded on markets
regulated by the CNV. Settlement and clearing agents and trading agents must verify compliance with the aforementioned minimum holding
period of the securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
regards incoming transfers, General Resolution No. 871/2020 provided that securities transferred by foreign depositaries and credited
with a central depositary may not be allocated to the settlement of transactions in foreign currency and in a foreign jurisdiction
until three business days after such crediting into sub-account/s in the local custodian. If such securities are allocated to
the settlement of transactions in foreign currency and in local jurisdiction, the minimum holding period will be two business
days after such crediting into sub-account/s in the local custodian.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, in the price-time priority order matching segment, transactions for the purchase and sale of fixed-income securities
denominated and payable in US dollars issued by Argentina under local laws by sub-accounts subject to section 6 of the FX Regulations
and that are also regarded as qualified investors, the following requirements must be observed:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for
                                         the aggregate of such securities, the nominal amount of securities purchased and to be
                                         settled in pesos may not exceed the nominal amount of securities sold and to be settled
                                         in pesos, on the same trading day and for each customer sub-account;</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 321; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->311<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for
                                         the aggregate of such securities, the nominal amount of securities sold and to be settled
                                         in foreign currency and in local jurisdiction may not exceed the nominal amount of securities
                                         bought and to be settled in such currency and jurisdiction, on the same trading day and
                                         for each customer sub-account; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for
                                         the aggregate of such securities, the nominal amount of securities sold and to be settled
                                         in foreign currency and in a foreign jurisdiction may not exceed the nominal amount of
                                         securities bought and to be settled in such currency and jurisdiction, on the same trading
                                         day and for each sub-account.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Foreign
Exchange Criminal Regime</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
operation that does not comply with the provisions of the FX Regulations is subject to Law No. 19,359 of Foreign Exchange Criminal
Regime.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
the above mentioned measures adopted by the current administration, the Central Bank and the Federal Government in the future
may impose additional exchange controls that may further impact our ability to transfer funds abroad and may prevent or delay
payments that our Argentine subsidiaries are required to make outside Argentina.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 10.E</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a043"></A>Taxation</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following discussion contains a description of the principal Argentine and United States federal income tax consequences of the
acquisition, ownership and disposition of our Class&nbsp;B shares or ADSs. It does not purport to be a comprehensive description
of all the tax considerations that may be relevant to a decision to purchase our Class&nbsp;B shares or ADSs, it is not applicable
to all categories of investors, some of which may be subject to special rules, and it does not specifically address all of the
Argentine and Unites States federal income tax considerations applicable to any particular holder. This discussion is based upon
the tax laws of Argentina and the regulations thereunder and the tax laws of United States and the regulations thereunder as in
effect on the date of this annual report, which are subject to change, possibly with retroactive effect, and to differing interpretations.
Each prospective purchaser is urged to consult its own tax advisor about the particular Argentine and United States federal income
tax consequences to it of an investment in our Class&nbsp;B shares or ADSs. This discussion is also based upon the representations
of the Depositary and on the assumption that each obligation set forth in the deposit agreement among us, the Depositary and the
registered holders and beneficial owners of the ADSs, and any related documents, will be performed in accordance with its terms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material
Argentine Tax Considerations</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following discussion is a summary of the material Argentine tax
considerations relating to the purchase, ownership and disposition of our Class B shares or ADSs. The following summary is based upon
tax laws of Argentina as in effect on the date of this document and is subject to any change in Argentine law that may come into effect
after such date, and any change could apply retroactively and could affect the continued validity of this summary. On December 29, 2017,
Law No.27,430 was published in the Official Gazette introducing a material tax reform (the &ldquo;Tax Reform Law&rdquo;), which introduces
several modifications to the former tax regime. The Tax Reform Law has been regulated by the General Resolution (AFIP) No.4227/2018 (published
in the Official Gazette on April 12, 2018), regulating, among others, the income tax applicable to income derived from financial transactions,
obtained by Foreign Beneficiaries (as defined below). Decree No.1170/2018 (published in the Official Gazette on December 27, 2018) has
regulated certain amendments introduced by the Tax Reform Law. Also, on December 6, 2019, Decree No.824/2019 was published in the Official
Gazette, which approves a new ordered text of the Income Tax Law. On December 9, 2019, Decree No.862/2019 was published in the Official
Gazette, which approves a new ordered text of the regulatory decree of the Income Tax Law, with certain modifications. It is important
to point out that on December 23, 2019, Law No. 27,541 was published in the Official Gazette, which also introduces several modifications
to the Argentine tax regime, such as the income tax applicable to income obtained by Argentine resident individuals and undivided estates
located in Argentina derived from financial operations, among other aspects.</P>



<!-- Field: Page; Sequence: 322; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->312<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Law
No. 27,541 has been regulated by the Decree No.99/2019 (published in the Official Gazette on December 28, 2019), General Resolution
(AFIP) No.4659/2020 (published in the Official Gazette on January 7, 2020), General Resolution (AFIP) No.4664/2020 (published
in the Official Gazette on January 15, 2020), Decree No. 116/2020 (published in the Official Gazette on January 30, 2020), General
Resolution (AFIP) No. 4667/2020 (published in the Official Gazette on January 31, 2020), General Resolution (AFIP) No. 4673/2020
(published in the Official Gazette on February 7, 2020), General Resolution (AFIP) No. 4690/2020 (published in the Official Gazette
on April 1, 2020), Decree No. 330/2020 (published in the Official Gazette on April 1, 2020), General Resolution (AFIP) No. 4691/2020
(published in the Official Gazette on April 2, 2020), General Resolution (AFIP) No. 4815/2020 (published in the Official Gazette
on September 16, 2020), General Resolution (AFIP) No. 4816/2020 (published in the Official Gazette on September 16, 2020), General
Resolution (AFIP) No. 4850/2020 (published in the Official Gazette on November 6, 2020), General Resolution (AFIP) No. 4855/2020
(published in the Official Gazette on November 10, 2020), General Resolution (AFIP) No. 4873/2020 (published in the Official Gazette
on December 4, 2020), among others. Additionally, on August 26, 2020, on October 31, 2020 and on December 1, 2020, Law No. 27,562
and Decrees No. 833/2020 and 966/2020, were published in the Official Gazette, respectively, which extended the scope and validity
of the moratorium established in Law No. 27,541.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
summary includes the modifications under the mentioned regulations, nevertheless, please note it does not include all of the tax
considerations that may be relevant to you or your situation, particularly if you are subject to special tax rules.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
summary does not purport to be a comprehensive description of all the tax considerations that may be relevant to a holder of our
Class B shares or ADSs. No assurance can be given that the courts or tax authorities responsible for the administration of the
laws and regulations described in this report will agree with this interpretation. In this regard, it is important to highlight
that, notwithstanding the issuance of the above mentioned regulations it is expected that more regulations and explanations would
be issued shortly, since to date it is not possible to determine how the recent modifications incorporated to the Argentine tax
regime will be applied and/or construed by the tax authorities of Argentina. Holders are encouraged to consult their tax advisors
regarding the tax treatment of our Class B shares or ADSs as it relates to their particular situation.</FONT></P>



<!-- Field: Page; Sequence: 323; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->313<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Income
Tax</U></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxation
on Dividends</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to the amendments introduced to the Income Tax Law by virtue
of the Tax Reform Law, and Law No. 27,541, the taxation applicable on the distribution of dividends from Argentine companies would be
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends originated in profits obtained during fiscal years initiated
on or after January 1, 2018 and up to December 31, 2020: dividends on Argentine shares paid to Argentine resident individuals and/or non-Argentine
residents would be subject to a 7% income tax withholding on the amount of such dividends (&ldquo;Dividend Tax&rdquo;). Note that according
to Section 48 of Law No. 27,541, the application of the corporate 25% rate was suspended for one tax period; thus the 7% rate would also
apply for dividend distributions involving profits obtained during fiscal years initiated on or after January 1, 2018 and up to December
31, 2020. However, if dividends are distributed to Argentine Entities (in general, entities organized or incorporated under Argentine
law, certain traders and intermediaries, local branches of non-Argentine entities, sole proprietorships and individuals carrying on certain
commercial activities in Argentina), no Dividend Tax should apply. Equalization Tax (as defined below) is not applicable. It is worth
noting that the unclear statutory language under Law No. 27,541 with respect to the suspension provision led to different opinions in
the market stating whether the 25% corporate income tax rate was suspended for one period (until January 1, 2021) or for two tax periods
(until January 1, 2022). The Argentine tax authorities have unofficially stated (through the minutes of a meeting held on January 8, 2020
with professional associations) that the suspension period was limited to just one period (until January 1, 2021). However, by the time
of drafting this document, no formal clarification nor specific rule was formally issued to clarify said understanding. Additionally,
as recently transpired, there is a bill subject to discussion by the National Congress to extend the provisions of Section 48 of Law No.
27,541 for fiscal years beginning on or after January 1, 2021 and until December 31, 2021, inclusive; thus resulting in the application
of the 30% corporate rate and the 7% rate for dividend distributions for an additional period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentine
individuals and undivided estates located in Argentina are not allowed to offset income arising from the distribution of dividends
on Argentine shares with other losses arisen in other type of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends originated in profits obtained during fiscal years initiated
on or after January 1, 2021 onward: dividends on Argentine shares paid to Argentine resident individuals and/or non-Argentine residents
would be subject to a 13% income tax withholding on the amount of such dividends. Note that according to Section 48 of Law No. 27,541,
the application of the corporate 25% rate was suspended for one tax period; thus the 13% rate would apply for dividend distributions involving
profits obtained during fiscal years initiated on or after January 1, 2021. In the case of non-Argentine residents, said 13% rate could
be reduced pursuant to applicable treaties to avoid double taxation if certain conditions are met, as the case may be. However, if dividends
are distributed to Argentine Entities, no Dividend Tax should apply. Equalization Tax (as defined below) is not applicable. As stated
above, the unclear statutory language under Law No. 27,541 with respect to the suspension provision led to different opinions in the market
stating whether the 25% corporate income tax rate was suspended for one period (until January 1, 2021) or for two tax periods (until January
1, 2022). The Argentine tax authorities have unofficially stated (through the minutes of a meeting held on January 8, 2020 with professional
associations) that the suspension period was limited to just one period (until January 1, 2021). However, by the time of drafting this
document, no formal clarification nor specific rule was formally issued to clarify said understanding. As stated above, as recently transpired,
there is a bill subject to discussion by the National Congress to extend the provisions of Section 48 of Law No. 27,541 for fiscal years
beginning on or after January 1, 2021 and until December 31, 2021, inclusive; thus resulting in the application of the 30% corporate rate
and the 7% rate for dividend distributions for an additional period.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 324; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->314<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends
                                         originated in profits obtained during tax periods before those contemplated above: no
                                         Argentine income tax withholding would apply on dividend distributions except for the
                                         application of the Equalization Tax (as defined below).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
equalization tax (the &ldquo;Equalization Tax&rdquo;) is applicable when the dividends distributed are higher than the &ldquo;net
accumulated taxable income&rdquo; of the immediate previous fiscal period from when the distribution is made. In order to assess
the &ldquo;net accumulated taxable income&rdquo; from the income calculated by the Income Tax Law, the income tax paid in the
same fiscal period should be subtracted and the local dividends received in the previous fiscal period should be added to such
income. The Equalization Tax would be imposed as a 35% withholding tax on the shareholder receiving the dividend. Dividend distributions
made in property (other than cash) would be subject to the same tax rules as cash dividends. Stock dividends on fully paid shares
(<I>&ldquo;acciones liberadas&rdquo;</I>) are not subject to Equalization Tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
Argentine individuals and undivided estates not registered before the Argentine tax authorities as taxpayers for income tax purposes
as well as for non-Argentine residents, the Dividend Tax withholding will be considered a final payment. Argentine individuals
and undivided estates are not allowed to offset income arising from the distribution of dividends on Argentine shares with losses
from other types of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Income Tax Law provides a first in-first out rule pursuant to which distributed dividends correspond to the former accumulated
profits of the distributing company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
are encouraged to consult a tax advisor as to the particular Argentine income tax consequences derived from profit distributions
made on Class&nbsp;B shares and ADSs.</FONT></P>



<!-- Field: Page; Sequence: 325; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->315<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->







<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital
gains tax</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">According
to Income Tax Law regulations, the results derived from the transfer of shares, quotas and other equity interests, titles, bonds
and other securities, are subject to Argentine income tax (unless an exemption applies), regardless of the type of beneficiary
who realizes the gain.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capital gains obtained by Argentine corporate entities (in general,
entities organized or incorporated under Argentine law, certain traders and intermediaries, local branches of non-Argentine entities,
sole proprietorships and individuals carrying on certain commercial activities in Argentina, among others) derived from the sale, exchange
or other disposition of shares in Argentine entities are subject to income tax on the net income at the rate of 30% for fiscal years initiated
after January&nbsp;1, 2018 and up to December&nbsp;31, 2020 and at the rate of 25% for tax periods initiated after January&nbsp;1, 2021
and onwards (note that, according to Section 48 of Law No. 27,541, the reduction of the corporate rate provided for in the Tax Reform
Law was suspended until tax periods commencing after January 1, 2021, inclusive). As stated above, the unclear statutory language under
Law No. 27,541 with respect to the suspension provision led to different opinions in the market stating whether the 25% corporate income
tax rate was suspended for one period (until January 1, 2021) or for two tax periods (until January 1, 2022). The Argentine tax authorities
have unofficially stated (through the minutes of a meeting held on January 8, 2020 with professional associations) that the suspension
period was limited to just one period (until January 1, 2021). However, by the time of drafting this document, no formal clarification
nor specific rule was formally issued to clarify said understanding. In addition, as stated above, as recently transpired, there is a
bill subject to discussion by the National Congress to extend the provisions of Section 48 of Law No. 27,541 for fiscal years beginning
on or after January 1, 2021 and until December 31, 2021, inclusive; thus resulting in the application of the 30% corporate rate for an
additional period. Losses arising from the sale of shares can only be offset against income derived from the same type of operations,
for a five-year carryover period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Starting in 2018, income obtained by Argentine resident individuals
and undivided estates located in Argentina from the sale of shares and other securities are exempt from capital gains tax in the following
cases: (i)&nbsp;when the shares are placed through a public offering authorized by the CNV and/or (ii)&nbsp;when the shares are traded
in stock markets authorized by the CNV, under segments that ensure priority of price-time and interference of offers; and/or (iii) when
the sale, exchange or other disposition of shares is made through a tender offer regime and/or exchange of shares authorized by the CNV.
In addition, Section 34 of Law No. 27,541, provides that as since tax period 2020, in the case of securities under the provisions of Section
98 of the Income Tax Law, not included in the first paragraph of Section 26 subsection u) of the Income Tax Law, Argentine resident individuals
and undivided estates located in Argentina are exempt from capital gains tax derived from their sale, exchange, or disposal to the extent
said securities are listed on stock exchanges or securities markets authorized by the CNV, without being applicable the provisions of
Section 109 of the Income Tax Law. In this sense, Section 109 of the Income Tax Law provides that the total or partial exemptions established
or that will be established in the future by special laws regarding securities, issued by the national, provincial, or municipal states
or the City of Buenos Aires, will not have effects on income tax for Argentine resident individuals and undivided estates located in Argentina.
ADSs would not qualify for the exemption applicable to Argentine resident individuals since the referred conditions would not apply. If
the exemption does not apply, the income derived by Argentine resident individuals and undivided estates located in Argentina from the
sale, exchange or other disposition of ADSs (and shares, if applicable) is subject to income capital gains tax at a 15% rate on net income
(calculated in Argentine currency). The acquisition cost may be updated pursuant to the IPC inflationary index rate to the extent the
equity participation was acquired after January 1, 2018. Losses arising from the sale of non-exempt Argentine shares can only be offset
by Argentine individuals and undivided estates located in Argentina against income derived from operations of the same source and type
(understanding by &ldquo;type&rdquo; the different concepts of income included under each article of Chapter II, Title IV of the Income
Tax Law), for a five-year carryover period.</P>

<!-- Field: Page; Sequence: 326; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->316<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
Argentine resident individuals and undivided estates located in Argentina perform a conversion procedure of securities representing
shares, that do not meet the exemption requirements stated in the conditions mentioned in points (i), (ii) and (iii) of the paragraph
above, to hold instead the underlying shares that do comply with said requirements, such conversion would be considered a taxable
transfer of the securities representing shares for which the fair market value by the time the conversion takes place should be
considered. The same tax treatment will apply if the conversion process involves shares that do not meet the exemption requirements
stated above that are converted into securities representing shares to which the exemption is applicable. Once the underlying
shares or securities representing shares are converted, the results obtained from the sale, exchange, swap or any other disposition
thereof would be exempt from income tax provided that the conditions mentioned in points (i), (ii) and (iii) of the paragraph
above are met. Pursuant to amendments introduced by Law No. 27,541, it could also be construed that a capital gains exemption
could also apply for Argentine resident individuals and undivided estates located in Argentina if the securities involved are
listed on stock exchanges or securities markets authorized by the CNV (although the matter is not free from doubt and further
clarifications should be issued). Due to the amendments introduced to the Income Tax Law, as from 2018, non-Argentine resident
individuals or legal entities (&ldquo;Foreign Beneficiaries&rdquo;) are also exempt from income tax derived from the sale of Argentine
shares in the following cases: (i)&nbsp;when the shares are placed through a public offering authorized by the CNV; and/or (ii)&nbsp;when
the shares are traded in stock markets authorized by the CNV, under segments that ensure priority of price-time and interference
of offers; and/or (iii)&nbsp;when the sale, exchange or other disposition of shares is made through a tender offer regime and/or
exchange of shares authorized by the CNV. The exemption applies to the extent the Foreign Beneficiaries reside in a &ldquo;cooperative
jurisdiction&rdquo; and, in accordance with Section 90 of the regulatory decree of the Income Tax Law, if their funds come from
 &ldquo;cooperative jurisdictions&rdquo; (as defined below).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the Tax Reform Law stated that income derived from the sale of ADSs gives rise to Argentine source income. However,
capital gains obtained from the sale, exchange or other disposition of ADSs by Foreign Beneficiaries that reside in a cooperative
jurisdiction and, in accordance with Section 90 of the regulatory decree of the Income Tax Law, their funds come from cooperative
jurisdictions, are exempt from income tax on capital gains derived from the sale of ADSs to the extent the underlying shares are
authorized for public offering by the CNV.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
case Foreign Beneficiaries conduct a conversion process of shares that do not meet the exemption requirements, into securities
representing shares that are exempt from income tax pursuant to the conditions stated above, such conversion would be considered
a taxable transfer for which the fair market value by the time the conversion takes place should be considered.</FONT></P>

<!-- Field: Page; Sequence: 327; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->317<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
case the exemption is not applicable and the Foreign Beneficiaries are resident in a cooperative jurisdiction and their funds
were channeled through cooperative jurisdictions, the gain derived from the disposition of ADSs would be subject to Argentine
income tax at a 15% rate on the net capital gain or at a 13.5% effective rate on the gross price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
Foreign Beneficiaries resident in or whose funds come from jurisdictions considered as non-cooperative for purposes of fiscal
transparency, the tax rate applicable to the sales of shares and/or ADSs is assessed at 35%. Pursuant to General Resolution AFIP
No. 4227/2018, the presumed net basis on which the 35% rate should apply in the case of sale or disposition of securities is assessed
at 90%. General Resolution (AFIP) N&deg; 4227/2018 provides different payment mechanisms depending on the specific circumstances
of the sale transaction. Pursuant to Section 252 of the regulatory decree of the Income Tax Law, in the cases included in the
last paragraph of Section 98 of the Income Tax Law (i.e., when the acquirer and the seller of the security involved are non-Argentine
residents), the tax shall be paid by the foreign seller directly through the mechanism established for such purpose by the tax
authorities, or (i) through an Argentine individual resident with sufficient mandate or (ii) by the foreign seller&rsquo;s legal
representative domiciled in Argentina.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of the enactment of Law No. 27,541, certain clarifications and definitions are still pending and expected to be issued
shortly.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
are encouraged to consult a tax advisor as to the particular Argentine income tax consequences derived from holding and disposing
of Class&nbsp;B shares and ADSs and whether any different treatment under a treaty to avoid double taxation could apply.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax
treaties</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Argentina
has signed tax treaties for the avoidance of double taxation with Australia, Belgium, Bolivia, Brazil, Canada, Chile, Denmark,
Finland, France, Germany, Italy, Mexico, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland, the UK and the United Arab
Emirates. The agreement signed with Qatar was approved by the National Congress on December 29, 2020 through Law No. 27,608 (published
in the Official Gazette on January 15, 2021). The treaties signed with China, Luxembourg, Turkey, Austria and Japan are still
undergoing the respective ratification procedures. There is currently no tax treaty for the avoidance of double taxation in effect
between Argentina and the United States. Holders are encouraged to consult a tax advisor as to the potential application of the
provisions of a treaty in their specific circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
assets tax</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
tax period 2019, onwards, Argentine entities, like us, have to pay the personal assets tax corresponding to Argentine and foreign
resident individuals and foreign resident entities for the holding of company shares by December&nbsp;31 of each year. Law No.
27,541 (published in the Official Gazette on December&nbsp;23, 2019) changed the &ldquo;domicile&rdquo; criterion for the &ldquo;residence&rdquo;
criterion as stipulated under income tax rules. Also, according to Section&nbsp;13 of the Decree No.&nbsp;99/2019 any reference
to &ldquo;domicile&rdquo; criterion in relation to the personal assets tax should be understood as referring to &ldquo;residence.&rdquo;
For tax period 2019, inclusive, and onwards the applicable tax rate is 0.50% and is levied on the proportional net worth value
(&ldquo;valor patrimonial proporcional&rdquo;) by December 31st of each year, of the shares arising from the last balance sheet.
Pursuant to the Personal Assets Tax Law, the Argentine company is entitled to seek reimbursement of such paid tax from the applicable
Argentine resident individuals and/or foreign resident shareholders. The Argentine company may seek this reimbursement of Personal
Assets Tax by setting off the applicable tax against any amount due to its shareholders or in any other way or, under certain
circumstances, waive its right under Argentine law to seek reimbursement from the shareholders.</FONT></P>

<!-- Field: Page; Sequence: 328; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->318<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
are encouraged to consult a tax advisor as to the particular Argentine personal assets tax consequences derived from the holding
of Class&nbsp;B shares and ADSs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Value
added tax</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
sale, exchange or other disposition of our Class&nbsp;B shares or ADSs and the distribution of dividends are exempted from the
value added tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax
on debits and credits on Argentine bank accounts</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
credits and debits originated in bank accounts held at Argentine financial institutions, as well as certain cash payments, are
subject to this tax, which is assessed at a general rate of 0.6%. There are also increased rates of 1.2% and reduced rates of
0.075%. According to Section 45 of Law No. 27,541, the applicable rate of tax on debits and credits on Argentine bank accounts
(the &ldquo;TDC&rdquo;) is doubled for certain cash withdrawals made by certain Argentine legal entities. Owners of bank accounts
subject to the general 0.6% rate may consider 33% of the tax paid as a tax credit against specific taxes. The taxpayers that are
subject to the 1.2% rate may consider 33% of all tax paid as a credit against specific taxes. Such amounts can be utilized as
a credit for taxes or for the special contributions on cooperatives capital. The remaining amount is deductible for income tax
purposes. If lower rates were applied, the available credit would be reduced to 20%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TDC
has certain exemptions. Debits and credits in special checking accounts (created under Communication &ldquo;A&rdquo; 3250 of the
Argentine Central Bank) are exempted from this tax if the accounts are held by foreign legal entities and if they are exclusively
used for financial investments in Argentina. For certain exemptions and/or tax rate reductions to apply, bank accounts must be
registered with the Tax Authority (AFIP-DGI) in accordance with AFIP&rsquo;s General Resolution No.3900/2016.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Law No. 27,432 (published in the Official Gazette on December 29, 2017), the TDC shall apply until December 31, 2022, inclusive.
Whenever financial institutions governed by Law No.&nbsp;21,526 make payments acting in their own name and behalf, the application
of this tax is restricted to certain specific transactions. Such specific transactions include, among others, dividends or profits
distributions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax
on minimum presumed income</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Law No.&nbsp;27,260, passed by the Argentine Congress on June&nbsp;29, 2016, the tax on minimum presumed income was eliminated
for tax periods beginning as of January&nbsp;1, 2019.</FONT></P>

<!-- Field: Page; Sequence: 329; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->319<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PAIS
Tax (&ldquo;Impuesto para una Argentina inclusiva y solidaria&rdquo;)</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Law
No. 27,541 establishes, on an emergency basis and for the term of five fiscal periods from the entry into force of said law
(i.e. December 23, 2019), a federal tax applicable to certain transactions for the purchase of foreign currency for saving purposes
or without a specific destination and other operations of currency exchange and acquisition of services performed by Argentine
tax residents (individuals, undivided estates, legal entities, among others). The applicable rate is, in general, 30%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investors
should consider the provisions that apply to them according to their specific case.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, General Resolution (AFIP) N&deg; 4815/2020 established on the operations subject to PAIS Tax and for the taxpayers defined
in Article 36 of Law No. 27,541 that qualify as Argentine residents, in the terms of Article 116 and subsequent of the Income
Tax Law, the application of a thirty-five percent (35%) collection on the amounts in Ps. that, for each case, are detailed in
Article 39 of the Law No. 27,541.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Said
collection will have the character of payment on account and will be computable in the annual income tax return or, where appropriate,
the annual personal assets tax return, corresponding to the fiscal period in which they were incurred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
this general resolution establishes a refund regime for those subjects to whom the established collection has been applied and
who are not taxpayers of income tax or, where appropriate, personal assets tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Solidary
and Extraordinary contribution to help moderate the effects caused by the Pandemic</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
an emergency basis and for only one time, it was created an extraordinary, obligatory contribution which applies on the assets
of certain individuals and undivided estates in existence at the date of entry into force of Law No. 27,605 (i.e. December
18, 2020) (the &ldquo;Extraordinary Contribution&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
taxpayers are: (i) Argentine resident individuals and undivided estates, for their assets located in the country and abroad. Also
included are those individuals of Argentine nationality whose domicile or residence is in &ldquo;non-cooperative jurisdictions&rdquo;
or &ldquo;null or low tax jurisdictions&rdquo; according to the terms of the Income Tax Law, and (ii) Individuals and undivided
estates residing abroad (except those mentioned in the previous point) for their assets located in the country.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
individual&rsquo;s residence by December 31, 2019 according to Income Tax Law provisions shall be applicable for the purposes
of this Extraordinary Contribution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
both cases, these individuals will be exempted from this Extraordinary Contribution when the total value of their assets, included
and valued according to the personal assets tax law terms, regardless of the treatment they have against such tax and without
any non-taxable minimum threshold deduction, does not exceed Ps. 200,000,000, inclusive.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
those mentioned in point (i), the taxable base of this Extraordinary Contribution will be determined considering the total value
of their assets in the country and abroad, including contributions to trusts or foundations of private interest and other similar
structures, participations in companies or other entities of any type without fiscal personality and direct or indirect participations
in companies or other entities of any type, existing at the date of entry into force of this law.</FONT></P>

<!-- Field: Page; Sequence: 330; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->320<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Extraordinary Contribution to be paid will be determined on the basis of a scale and rates varying from 2% to 5.25%, depending
on (i) the total value of the assets and (ii) their location. The differential rate between assets located abroad and those located
in the country shall be eliminated if part of these assets are repatriated within a certain period of time and to the extent those
funds remain until December 31st, 2021 deposited in a bank account under the name of the holder or are affected, once this deposit
is made, to one of the destinations established by General Resolution AFIP 4930.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
application, collection and inspection of this Extraordinary Contribution will be in charge of the AFIP. The provisions of the
Argentine Fiscal Procedures Law (Law 11,683, text ordered in 1998 and its amendments) and the Criminal Tax Regime of Title IX
of Law No. 27,430 and its amendments are supplementary applicable to the Extraordinary Contribution. Filing of the tax return
and payment thereof shall be made until March 30, 2021, inclusive. General Resolution AFIP 4930 also established a reporting regime
that shall be complied with from March 22 until April 30, 2021 under which certain individuals are required to inform their existing
assets by March 20, 2020 and, in certain cases, also their existing assets by December 18, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Law
No. 27,605 was regulated by the Decree N&deg; 42/2021 (published in the Official Gazette on January 29, 2021) and by General
Resolution AFIP 4930.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Note
that although the Extraordinary Contribution was conceived as a one-time tax on assets existing as of December 18, 2020, it is
important to mention that in Argentina there are several taxes that have been created on an exceptional basis and for a limited
time, and were later extended for additional periods (e.g., Tax on Credits and Debits on Bank Accounts).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gross
turnover tax</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
tax is a provincial tax, which is also levied in the City of Buenos Aires, applicable to gross revenues resulting from the regular
and onerous exercise of commerce, industry, profession, business, services or any other onerous activity conducted on a regular
basis within the respective Argentine jurisdiction. Each of the provinces and the City of Buenos Aires apply different tax rates
depending on the type of activity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, gross turnover tax could be applicable on the transfer of Class&nbsp;B shares or ADSs and on the perception of dividends
to the extent such activity is conducted on a regular basis within an Argentine province or within the City of Buenos Aires. However,
under the Tax Code of the City of Buenos Aires, any transaction with shares as well as the perception of dividends are exempt
from gross turnover tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with the stipulations of the Fiscal Consensus entered into by and amongst the Argentine Executive Branch, the representatives
of the Provinces and the City of Buenos Aires on November 16, 2017 and approved by the Argentine Congress on December 21, 2017
(the so-called &ldquo;Fiscal Consensus&rdquo; and/or the &ldquo;Consensus&rdquo;), local jurisdictions took on certain commitments
in connection with certain taxes that are within their powers. The Consensus shall be effective only in connection with the jurisdictions
that have their legislative branches approve the Consensus and such effectiveness shall not commence if such approval has not
been granted. When it comes to the impact of the Consensus on gross turnover tax, the Argentine provinces and the City of Buenos
Aires agreed to grant exemptions and impose maximum tax rates on certain businesses and for certain periods.</FONT></P>

<!-- Field: Page; Sequence: 331; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->321<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">However,
it is important to point out that later, the Argentine Executive Branch, the representatives of the Provinces and the City of
Buenos Aires signed three agreements to suspend the Fiscal Consensus (&ldquo;Fiscal Consensus 2018, 2019 and 2020&rdquo;). These
agreements shall be effective only in connection with the jurisdictions that have their legislative branches approve them and
such effectiveness shall not commence if such approval has not been granted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
of Class&nbsp;B shares and ADSs are encouraged to consult a tax advisor as to the particular gross turnover tax consequences of
holding and disposing of Class&nbsp;B shares and ADSs in the involved jurisdictions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regimes
for the Collection of Provincial Tax Revenues on the Amounts Credited to Bank Accounts</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Different
tax authorities (i.e., City of Buenos Aires, Corrientes, C&oacute;rdoba, Tucum&aacute;n, Province of Buenos Aires and Salta, among
others) have established collection regimes for gross turnover tax purposes applicable to those credits verified in accounts opened
at financial entities, of any type and/or nature and including all branch offices, irrespective of territorial location. These
regimes apply to those taxpayers included in the lists provided monthly by the tax authorities of each jurisdiction. The applicable
rates may vary depending on the jurisdiction involved. Collections made under these regimes shall be considered as a payment on
account of the gross turnover tax. Note that certain jurisdictions have excluded the application of these regimes on certain financial
transactions. Holders of Class B shares and ADSs shall corroborate the existence of any exclusions to these regimes in accordance
with the jurisdiction involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp
tax</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stamp
tax is a provincial tax, which is also levied in the City of Buenos Aires, applicable to the execution of onerous transactions
within an Argentine provincial jurisdiction or the City of Buenos Aires or outside an Argentine provincial jurisdiction or the
City of Buenos Aires but with effects in such jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the City of Buenos Aires, acts or instruments related to the negotiation of shares and other securities duly authorized for its
public offering by the CNV are exempt from stamp tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Regarding
the Fiscal Consensus, almost all the provinces in Argentina and the City of Buenos Aires have committed to establish for the stamp
tax a maximum tax rate of 0.75% as from January 1, 2019, 0.5% as from January 1, 2020, 0.25% as from January 1, 2021 and abrogate
the stamp tax starting from January 1, 2022. However, such commitment was delayed by one calendar year pursuant to Law No. 27,469
 &ldquo;Fiscal Consensus 2018&rdquo; (published in the Official Gazette on December 4, 2018). Fiscal Consensus 2018 shall be effective
only in connection with the jurisdictions that have their legislative branches approve it and such effectiveness shall not commence
if such approval has not been granted. However, later the Argentine Executive Branch, the representatives of the Provinces and
the City of Buenos Aires signed Fiscal Consensus 2019 and 2020 to suspend the Fiscal Consensus and the Fiscal Consensus 2018.
These agreements shall be effective only in connection with the jurisdictions that have their legislative branches approve them
and such effectiveness shall not commence if such approval has not been granted.</FONT></P>

<!-- Field: Page; Sequence: 332; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->322<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
of Class&nbsp;B shares and ADSs are encouraged to consult a tax advisor as to the particular stamp tax consequences arising in
the involved jurisdictions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prospective
investors should consider the tax consequences in force in the above mentioned jurisdictions at the time the concerned document
is executed and/or becomes effective.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
taxes</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
are no federal inheritance or succession taxes applicable to the ownership, transfer or disposition of our Class B shares or ADSs.
At the provincial level, the province of Buenos Aires imposes a tax on free transmission of assets, including inheritance, legacies,
donations, etc. For tax period 2021, any gratuitous transfer of property lower than or equal to Ps.322,800 is exempt. This amount
is increased to Ps.1,344,000 in the case of transfers among parents, sons, daughters and spouses. The amount to be taxed, which
includes a fixed component and a variable component that is based on differential rates (which range from 1.6026% to 8.7840%),
varies according to the property value to be transferred and the degree of kinship of the parties involved. Free transmission
of Class B shares or ADSs could be subject to this tax. Holders of Class B shares and ADSs are encouraged to consult a tax advisor
as to the particular tax consequences arising in the involved jurisdictions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Court
tax</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the event that it becomes necessary to institute enforcement proceedings in relation to our Class&nbsp;B shares and ADSs in the
federal courts of Argentina or the courts sitting in the City of Buenos Aires, a court tax (currently at a rate of 3.0%) will
be imposed on the amount of any claim brought before such courts. Certain court and other taxes could be imposed on the amount
of any claim brought before the Province courts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Incoming
Funds Arising from Non-Cooperative or Low or Nil Tax Jurisdictions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">According
to Section 82 of the Tax Reform Law, for fiscal purposes, any reference to &ldquo;low tax or no tax countries&rdquo; or &ldquo;non-cooperative
countries&rdquo; should be understood to be &ldquo;non-cooperative jurisdictions or low or nil tax jurisdictions,&rdquo; as defined
in Section 19 and Section 20 of the Income Tax Law.</FONT></P>

<!-- Field: Page; Sequence: 333; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->323<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
defined under Section 19 of the Income Tax Law, non-cooperative jurisdictions are those countries or jurisdictions that do not
have an agreement in force with the Argentine government for the exchange of information on tax matters or a treaty to avoid international
double taxation with a broad clause for the exchange of information. Likewise, those countries that, having an agreement of this
type in force, do not effectively comply with the exchange of information will also be considered as non-cooperative. The aforementioned
treaties and agreements must comply with international standards of transparency and exchange of information on fiscal matters
to which the Argentine Republic has committed. The Executive Branch published a list of the non-cooperative jurisdictions based
on the criteria above. In this sense, according to Section 24 of the regulatory decree of the Income Tax Law, the following jurisdictions
should be considered as &ldquo;non-cooperative&rdquo; under the disposition of Section 19 of the aforementioned law:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bosnia
and Herzegovina; Brecqhou; Burkina Faso; State of Eritrea; State of the Vatican City; State of Libya; Independent State of Papua New
Guinea; Plurinational State of Bolivia; Ascension Island; Sark Island; Santa Elena Island; Solomon Islands; The Federated States of
Micronesia; Mongolia; Montenegro; Kingdom of Bhutan; Kingdom of Cambodia; Kingdom of Lesotho; Kingdom of Swaziland; Kingdom of
Thailand; Kingdom of Tonga; Hashemite Kingdom of Jordan; Kyrgyz Republic; Arab Republic of Egypt; Syrian Arab Republic; Algerian
Democratic and Popular Republic; Central African Republic; Cooperative Republic of Guyana; Republic of Angola; Republic of Belarus;
Republic of Botswana; Republic of Burundi; Republic of Cape Verde; Republic of Ivory Coast; Republic of Cuba; Republic of the
Philippines; Republic of Fiji; Republic of the Gambia; Republic of Guinea; Republic of Equatorial Guinea; Republic of Guinea-
Bissau; Republic of Haiti; Republic of Honduras; Republic of Iraq; Republic of Kenya; Republic of Kiribati; Republic of the Union of
Myanmar; Republic of Liberia; Republic of Madagascar; Republic of Malawi; Republic of Maldives; Republic of Mali; Republic of
Mozambique; Republic of Namibia; Republic of Nicaragua; Republic of Palau; Republic of Rwanda; Republic of Sierra Leone; Republic of
South Sudan; Republic of Suriname; Republic of Tajikistan; Republic of Trinidad and Tobago; Republic of Uzbekistan; Republic of
Yemen; Republic of Djibouti; Republic of Zambia; Republic of Zimbabwe; Republic of Chad; Republic of the Niger; Republic of
Paraguay; Republic of the Sudan; Democratic Republic of Sao Tome and Principe; Democratic Republic of East Timor; Republic of the
Congo; Democratic Republic of the Congo; Federal Democratic Republic of Ethiopia; Lao People&rsquo;s Democratic Republic; Socialist
Democratic Republic of Sri Lanka; Federal Republic of Somalia; Federal Democratic Republic of Nepal ; Gabonese Republic; Islamic
Republic of Afghanistan; Islamic Republic of Iran; Islamic Republic of Mauritania; People&rsquo;s Republic of Bangladesh;
People&rsquo;s Republic of Benin; Democratic People&rsquo;s Republic of Korea; Socialist Republic of Vietnam ; Togolese Republic;
United Republic of Tanzania; Sultanate of Oman; British Overseas Territory Pitcairn, Henderson, Ducie and Oeno Islands; Tristan da Cunha; Tuvalu; and&#8239;Union of the Comoros.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 334; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->324<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
turn, low or nil tax jurisdictions are defined as those countries, domains, jurisdictions, territories, associated states or special
tax regimes in which the maximum corporate income tax rate is lower than 60% of the corporate income tax rate established in Section
73(a) of the Income Tax Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Section&nbsp;25 of the regulatory decree of the Income Tax Law, for purposes of determining the taxation level referred to
in Article 20 of the Income Tax Law, the aggregate corporate tax rate in each jurisdiction, regardless of the governmental level
in which the taxes were levied must be considered. In turn, &ldquo;special tax regime&rdquo; is understood as any regulation or
specific scheme that departs from the general corporate tax regime applicable in said country and results in an effective rate
below that stated under the general regime. According to the legal presumption under Section&nbsp;18.2 of Law No. 11,683, as amended,
incoming funds from non-cooperative or low or nil jurisdictions could be deemed unjustified net worth increases for the Argentine
party, no matter the nature of the operation involved. Unjustified net worth increases are subject to the following taxes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">income
                                         tax would be assessed at 110% of the amount of funds transferred.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt; text-align: justify"></TD><TD STYLE="width: 18pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VAT
                                         would be assessed at 110% of the amount of funds transferred.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
the concept of &ldquo;incoming funds&rdquo; is not clear, it should be construed as any transfer of funds:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">from
                                         an account in a non-cooperative/low or nil tax jurisdiction or from a bank account opened
                                         outside of a non-cooperative or low or nil tax jurisdiction but owned by an entity located
                                         in a non-cooperative or low or nil tax jurisdiction;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
                                         a bank account located in Argentina or to a bank account opened outside of Argentina
                                         but owned by an Argentine party.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Argentine party may rebut such legal presumption by duly evidencing before the Argentine tax authority that the funds arise from
activities effectively performed by the Argentine party or by a third party in such jurisdiction, or that such funds have been
previously declared.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE
ABOVE SUMMARY IS NOT INTENDED TO BE A COMPLETE ANALYSIS OF ALL TAX CONSEQUENCES RELATING TO THE OWNERSHIP OR DISPOSITION OF CLASS
B SHARES OR ADSs. HOLDERS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS CONCERNING THE TAX CONSEQUENCES ARISING IN EACH PARTICULAR
CASE.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United
States Federal Income Tax Considerations</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
discussion describes certain U.S. federal income tax consequences for a U.S. holder (as defined below) of acquiring, owning and
disposing of the Class&nbsp;B shares and ADSs (and to the extent provided under &ldquo;Information Reporting and Backup Withholding&rdquo;
and &ldquo;FATCA&rdquo; below, investors other than U.S. holders). This discussion does not contain a detailed description of
all potential U.S. federal income tax consequences and does not address the Medicare tax on net investment income, U.S. federal
estate and gift taxes or the effects of any state, local or non-U.S. tax laws. In addition, this discussion does not apply to
certain classes of holders, such as persons that own or are deemed to own 10% or more of the voting power or 10% or more of the
total value of all classes of our stock, dealers in securities or currencies, regulated investment companies, real estate investment
trusts, traders that elect mark-to-market accounting for securities holdings, banks or other financial institutions, insurance
companies, tax-exempt organizations, entities treated as partnerships for U.S. federal income tax purposes (or a partner therein),
persons who are liable for the alternative minimum tax, persons who acquired Class&nbsp;B shares or ADSs pursuant to the exercise
of an employee stock option or otherwise as compensation, persons holding Class&nbsp;B shares or ADSs in connection with a trade
or business conducted outside of the United States, persons holding the Class&nbsp;B shares or ADSs as a position in a &ldquo;straddle&rdquo;
or conversion transaction, or as part of a &ldquo;synthetic security&rdquo; or other integrated financial transaction, persons
required to accelerate the recognition of any item of gross income with respect to our Class&nbsp;B shares or ADSs as a result
of such income being recognized on an applicable financial statement, or persons that have a functional currency other than the
U.S. dollar, all of which may be subject to rules that differ significantly from those described below. This discussion assumes
that the Class&nbsp;B shares and ADSs are held as &ldquo;capital assets&rdquo; for U.S. federal income tax purposes.</FONT></P>

<!-- Field: Page; Sequence: 335; Options: NewSection; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->325<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
discussion is based on the provisions of the Internal Revenue Code of 1986, as amended (&ldquo;the Code&rdquo;), Treasury regulations,
administrative rulings and judicial authority, all as in effect as of this date. All of these laws and authorities are subject
to change, possibly on a retroactive basis. You should consult your own tax advisors concerning the U.S. federal, state, local
and non-U.S. tax consequences of purchasing, owning and disposing of the Class&nbsp;B shares and ADSs in light of your particular
circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
purposes of this summary, you are a U.S. holder if you are a beneficial owner of Class&nbsp;B shares or ADSs and you are, for
U.S. federal income tax purposes, an individual citizen or resident of the United States, a U.S. domestic corporation, or otherwise
subject to U.S. federal income tax on a net income basis with respect to income from the Class&nbsp;B shares and ADSs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
general, if you are the beneficial owner of ADSs, you will be treated as the beneficial owner of the Class&nbsp;B shares represented
by those ADSs for U.S. federal income tax purposes, and no gain or loss will be recognized if you exchange an ADS for the Class&nbsp;B
shares represented by that ADS.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to the discussion under &ldquo;&mdash;Passive Foreign Investment Company&rdquo; below, the gross amount of distributions paid
with respect to the Class&nbsp;B shares or ADSs (including the amount of any Argentine taxes withheld) will be treated as dividends
to the extent paid out of our current or accumulated earnings and profits (as determined under U.S. federal income tax principles).
Because we do not maintain calculations of earnings and profits under U.S. federal income tax principles, it is expected that
distributions generally will be reported to you as dividends. Any dividends you receive (including any withheld taxes) will be
treated as foreign-source income and will not be eligible for the dividends-received deduction generally available to U.S. corporations.
Dividends paid in Pesos will be included in a U.S. holder&rsquo;s income in a U.S. dollar amount calculated by reference to the
exchange rate in effect on the date of a U.S. holder&rsquo;s receipt, or in the case of ADSs, the depositary&rsquo;s receipt of
the dividend, regardless of whether the payment is in fact converted into U.S. dollars. If such a dividend is converted into U.S.
dollars on the date of receipt, you generally should not be required to recognize foreign currency gain or loss in respect of
the dividend income. If such a dividend is not converted into U.S. dollars on the date of receipt, a U.S. holder generally will
have a basis in the non-U.S. currency equal to its U.S. dollar value on that date. A U.S. holder generally will be required to
recognize foreign currency gain or loss realized on a subsequent conversion or other disposition of such currency, which will
be treated as U.S.-source ordinary income or loss.</FONT></P>

<!-- Field: Page; Sequence: 336; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->326<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividends received by certain non-corporate U.S. holders will generally
be subject to taxation at reduced rates if the dividends are &ldquo;qualified dividends.&rdquo; Subject to applicable limitations (including
a minimum holding period requirement), dividends paid on the ADSs will be treated as qualified dividends if (i)&nbsp;the ADSs are readily
tradable on an established securities market in the United States and (ii)&nbsp;the issuer was not, in the year prior to the year in which
the dividend was paid, and is not, in the year in which the dividend is paid, a passive foreign investment company (a &ldquo;PFIC&rdquo;) (see the discussion under &ldquo;&mdash;Passive Foreign Investment Company&rdquo; below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
the Class&nbsp;B shares are not themselves listed on a U.S. exchange, dividends received with respect to the Class&nbsp;B shares
that are not represented by ADSs generally will not be treated as qualified dividends. U.S. holders of Class&nbsp;B shares or
ADSs should consult their own tax advisors regarding the availability of the reduced dividend tax rate in the light of their own
particular circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends
received by U.S. holders will generally constitute foreign source income and &ldquo;passive category&rdquo; income for U.S. foreign
tax credit purposes. Subject to limitations under U.S. federal income tax law concerning credits or deductions for foreign taxes,
any Argentine taxes withheld from cash dividends on the Class&nbsp;B shares or ADSs will be treated as a foreign income tax eligible
for credit against a U.S. holder&rsquo;s U.S. federal income tax liability if the tax is treated for U.S. federal income tax purposes
as imposed on the U.S. holder (or at a U.S. holder&rsquo;s election, may be deducted in computing taxable income if the U.S. holder
has elected to deduct all foreign income taxes for the taxable year). However, amounts withheld on account of the Argentine personal
assets tax (as discussed in <I>&ldquo;&mdash;Material Argentine Tax Considerations</I>&rdquo;) will not be a foreign income tax
eligible for credit against a U.S. holder&rsquo;s U.S. federal income tax liability. The rules with respect to foreign tax credits
are complex and U.S. holders are urged to consult their independent tax advisors regarding the availability of the foreign tax
credit under their particular circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Passive
Foreign Investment Company</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on the past and projected composition of our income and assets, and the valuation of our assets, we do not believe we were a PFIC for our most recent taxable year, and we may do not expect to become a PFIC in the current taxable year or in the foreseeable future, although there can be no assurance in this regard.</FONT></P>

<!-- Field: Page; Sequence: 337; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->327<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
general, we will be a PFIC for any taxable year in which:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">at
                                         least 75% of our gross income is passive income, or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">at
                                         least 50% of the value (determined based on a quarterly average) of our assets is attributable
                                         to assets that produce or at held for the production of passive income.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
this purpose, passive income generally includes dividends, interest, royalties and rents (other than royalties and rents derived
in the active conduct of a trade or business and not derived from a related person). If we own at least 25% (by value) of the
stock of another corporation, for purposes of determining whether we are a PFIC, we will be treated as owning our proportionate
share of the other corporation&rsquo;s assets and receiving our proportionate share of the other corporation&rsquo;s income.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Our determination with respect to </FONT>our PFIC status is based in part upon certain proposed U.S. Treasury regulations that are not
yet in effect and which are subject to change in the future. Those regulations and other administrative pronouncements from the Internal
Revenue Service (the &ldquo;IRS&rdquo;) provide special rules for determining the character of income derived in the active conduct of
a banking business for purposes of the PFIC rules. Although we believe we have adopted a reasonable interpretation of the regulations and administrative pronouncements, there can be no
assurance that the IRS will follow the same interpretation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The determination of whether we are a PFIC is made annually. Accordingly,
it is possible that we may become a PFIC in the current or any future taxable year due to changes in our asset or income composition. In addition, because the value of our
assets may be based, in part, on the market value of our Class B shares and ADSs, a decrease in the price of our Class B shares and ADSs
may also result in us becoming a PFIC. If we are a PFIC for any taxable year during which you hold our Class&nbsp;B
shares or ADSs, you will be subject to special tax rules discussed below.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we are a PFIC for any taxable year during which you hold our Class&nbsp;B shares or ADSs and you do not make a timely mark-to-market
election, as described below, you will be subject to special tax rules with respect to any &ldquo;excess distribution&rdquo; received
and any gain realized from a sale or other disposition, including a pledge, of such Class&nbsp;B shares or ADSs. Distributions
received in a taxable year will be treated as excess distributions to the extent that they are greater than 125% of the average
annual distributions received during the shorter of the three preceding taxable years or your holding period for the Class&nbsp;B
shares or ADSs. Under these special tax rules:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         excess distribution will be allocated ratably over your holding period for the Class&nbsp;B
                                         shares or ADSs,</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         amount allocated to the current taxable year, and any taxable year prior to the first
                                         taxable year in which we were a PFIC, will be treated as ordinary income, and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         amount allocated to each other year will be subject to tax at the highest tax rate in
                                         effect for that year for individuals or corporations, as applicable, and the interest
                                         charge generally applicable to underpayments of tax will be imposed on the resulting
                                         tax attributable to each such year.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 338; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->328<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
the determination of whether we are a PFIC is made annually, if we are a PFIC for any taxable year in which you hold our Class&nbsp;B
shares or ADSs, you will generally be subject to the special tax rules described above for that year and for each subsequent year
in which you hold Class&nbsp;B shares or ADSs (even if we do not qualify as a PFIC in such subsequent years). However, if you
own Class&nbsp;B shares or ADSs and we cease to be a PFIC, you may be able to avoid the continuing impact of the PFIC rules by
making a special election to recognize gain as if your Class&nbsp;B shares or ADSs had been sold on the last day of the last taxable
year during which we were a PFIC. You are urged to consult your own tax advisor about this election.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
lieu of being subject to the special tax rules discussed above, you may make a mark-to-market election with respect to your Class&nbsp;B
shares or ADSs provided such Class&nbsp;B shares or ADSs are treated as &ldquo;marketable stock.&rdquo; Class&nbsp;B shares or
ADSs generally will be treated as marketable stock if the Class&nbsp;B shares or ADSs shares are regularly traded on a &ldquo;qualified
exchange or other market&rdquo; (within the meaning of the applicable Treasury regulations). Under current law, the mark-to-market
election may be available to holders of ADSs for as long as the ADSs are traded on the NYSE, which constitutes a qualified exchange,
although there can be no assurance that the ADSs will be &ldquo;regularly traded&rdquo; for purposes of the mark-to-market election.
The Class&nbsp;B shares are traded on the ByMA, which must meet certain trading, listing, financial disclosure and other requirements
to be treated as a qualified exchange for these purposes, and no assurance can be given that the Class&nbsp;B shares will be &ldquo;regularly
traded&rdquo; for purposes of the mark-to-market election.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
you make an effective mark-to-market election, for each taxable year that we are a PFIC you will include as ordinary income the
excess of the fair market value of your Class&nbsp;B shares or ADSs at the end of the year over your adjusted tax basis in the
Class&nbsp;B shares or ADSs. You will be entitled to deduct as an ordinary loss in each such year the excess of your adjusted
tax basis in the Class&nbsp;B shares or ADSs over their fair market value at the end of the year, but only to the extent of the
net amount previously included in income as a result of the mark-to-market election. Your adjusted tax basis in the Class&nbsp;B
shares or ADSs will be increased by the amount of any income inclusion and decreased by the amount of any deductions under the
mark-to-market rules. In addition, upon the sale or other disposition of your Class&nbsp;B shares or ADSs in a year that we are
a PFIC, any gain will be treated as ordinary income and any loss will be treated as ordinary loss, but only to the extent of the
net amount of previously included income as a result of the mark-to-market election.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
you make a mark-to-market election, it will be effective for the taxable year for which the election is made and all subsequent
taxable years unless the Class&nbsp;B shares or ADSs are no longer regularly traded on a qualified exchange or other market, or
the IRS consents to the revocation of the election. You are urged to consult your tax advisor about the availability of the mark-to-market
election, and whether making the election would be advisable in your particular circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alternatively,
holders of shares in a PFIC can sometimes avoid the special tax rules described above by electing to treat the PFIC as a &ldquo;qualified
electing fund&rdquo; under Section&nbsp;1295 of the Code. However, this option is not available to you because we do not intend
to comply with the requirements necessary to permit you to make this election.</FONT></P>

<!-- Field: Page; Sequence: 339; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->329<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we are a PFIC for any taxable year during which you hold our Class&nbsp;B shares or ADSs and any of our non-U.S. subsidiaries
is also a PFIC, you will be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC for purposes
of the application of the PFIC rules. You are urged to consult your tax advisors about the application of the PFIC rules to any
of our subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
will generally be required to file IRS Form 8621 if you hold our Class&nbsp;B shares or ADSs in any year in which we are classified
as a PFIC. You are urged to consult your tax advisors concerning the U.S. federal income tax consequences of holding our Class&nbsp;B
shares or ADSs if we are considered a PFIC in any taxable year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sale
or Other Disposition</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
a sale or other disposition of the Class&nbsp;B shares or ADSs, U.S. holders will recognize gain or loss for U.S. federal income
tax purposes in an amount equal to the difference between the U.S. dollar value of the amount realized on the disposition and
the U.S. holder&rsquo;s tax basis, determined in U.S. dollars, in the Class&nbsp;B shares or ADSs. Subject to the discussion under
 &ldquo;&mdash;Passive Foreign Investment Company&rdquo; above, such gain or loss will generally be capital gain or loss, and will
be long-term capital gain or loss if the Class&nbsp;B shares or ADSs were held for more than one year. A U.S. holder&rsquo;s ability
to offset capital losses against ordinary income is limited. Long-term capital gain recognized by an individual U.S. holder may
be taxable at a preferential rate. If an Argentine tax is withheld on the sale or other disposition of the Class&nbsp;B shares
or ADSs, a U.S. holder&rsquo;s amount realized will include the gross amount of the proceeds of the sale or other disposition
before deduction of the Argentine tax. See &ldquo;<I>&mdash;Material Argentine Tax Considerations&mdash;Income Tax&mdash;Capital
gains tax</I>&rdquo; for a description of when a disposition may be subject to taxation by Argentina. Any gain or loss will generally
be U.S.&ndash;source gain or loss for foreign tax credit purposes. U.S. holders should consult their tax advisors as to whether
the Argentine tax on gains may be creditable against the U.S. holder&rsquo;s U.S. federal income tax on foreign-source income
from other sources.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
Financial Asset Reporting</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
U.S. holders that own &ldquo;specified foreign financial assets&rdquo; with an aggregate value in excess of U.S.$50,000 are generally
required to file an information statement along with their tax returns, currently on Form 8938, with respect to such assets. &ldquo;Specified
foreign financial assets&rdquo; include any financial accounts held at a non-U.S. financial institution, as well as securities
issued by a non-U.S. issuer (which would include the Class&nbsp;B shares and ADSs) that are not held in accounts maintained by
financial institutions. Higher reporting thresholds apply to certain individuals living abroad and to certain married individuals.
Regulations extend this reporting requirement to certain entities that are treated as formed or availed of to hold direct or indirect
interests in specified foreign financial assets based on certain objective criteria. U.S. holders that fail to report the required
information could be subject to substantial penalties. In addition, the statute of limitations for assessment of tax would be
suspended, in whole or part. Prospective investors should consult their own tax advisors concerning the application of these rules
to their investment in the Class&nbsp;B shares and ADSs, including the application of the rules to their particular circumstances.</FONT></P>

<!-- Field: Page; Sequence: 340; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->330<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information
Reporting and Backup Withholding</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dividends
paid on and proceeds from the sale or other disposition of the Class&nbsp;B shares or ADSs that are made within the United States
or through certain U.S.-related financial intermediaries generally will be subject to information reporting unless a U.S. holder
is treated as an exempt recipient and may also be subject to backup withholding unless a U.S. holder (i)&nbsp;provides a correct
taxpayer identification number and certifies that it is not subject to backup withholding or (ii)&nbsp;otherwise establishes an
exemption from backup withholding. Backup withholding is not an additional tax. Any amounts withheld may be allowed as a refund
or credit against the holder&rsquo;s U.S. federal income tax liability, provided the holder timely furnishes the required information
to the IRS.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
holder that is a foreign corporation or a non-resident alien individual may be required to comply with certification and identification
procedures in order to establish its exemption from information reporting and backup withholding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FATCA</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have entered into an agreement with the IRS effective April&nbsp;24, 2014, pursuant to which we have agreed to comply with certain
due diligence, information reporting and withholding obligations pursuant to sections 1471 through 1474 of the Code, and the regulations
promulgated thereunder (often referred to as the &ldquo;Foreign Account Tax Compliance Act&rdquo; or &ldquo;FATCA&rdquo;). Therefore,
an investor considered to have a financial account that is a &ldquo;U.S. account&rdquo; maintained by us may be required to provide
certain information regarding such investor (or relevant beneficial owner of the Class&nbsp;B shares or ADSs), including information
and tax documentation regarding the identity of such investor as well as that of its direct and indirect owners, and we may be
required to report this information to the IRS. However, stock or other equity or debt instruments issued by a financial institution
is not treated as a U.S. account if such stock or other instrument is regularly traded on an established securities market. We
expect that the Class&nbsp;B shares and ADSs will be so treated. Further, a U.S. account generally does not include an equity
instrument in a financial institution, such as us, that is not an investment entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, it is possible that under future guidance, payments on the Class&nbsp;B shares and ADSs may be subject to a withholding
tax of up to 30% under rules applicable to foreign &ldquo;passthru payments.&rdquo; Regulations implementing this rule have not
yet been adopted or proposed and the IRS has indicated that any such regulations would not be effective prior to the date that
is two years after the date on which final regulations on this issue are published. FATCA is particularly complex and its application
to Argentine financial institutions is uncertain at this time. Although we have registered with the IRS and believe that we are
compliant with obligations imposed on us under FATCA, it is unclear to what extent we may be able to comply with FATCA in the
future. Each holder of Class&nbsp;B shares or ADSs should consult its own tax advisor to obtain a more detailed explanation of
FATCA and to learn how FATCA might affect each holder in its particular circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a044"></A>Item
10.F&nbsp;&nbsp;&nbsp; Dividends and Paying Agents</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<!-- Field: Page; Sequence: 341; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->331<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a045"></A>Item
10.G&nbsp;&nbsp; Statement by Experts</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a046"></A>Item
10.H&nbsp;&nbsp; Documents on Display</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
file reports, including annual reports on Form 20-F, and other information with the SEC pursuant to the rules and regulations
of the SEC that apply to foreign private issuers. Foreign private issuers, like us, are required to make filings with the SEC
by electronic means. Any filings we make electronically are available to the public over the Internet at the SEC&rsquo;s web site
at http://www.sec.gov/.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a047"></A>Item
10.I&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsidiary Information</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a048"></A>Item
11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quantitative and Qualitative Disclosures about Market Risk</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Market
Risk</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Market
risk is the risk of loss arising from fluctuations in financial markets variables, such as interest rates, foreign exchange rates
and other rates or prices. This risk is a consequence of lending, trading and investments businesses and mainly consists of interest
rate risk and foreign exchange risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
market risk arises mainly from our capacity as a financial intermediary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Risk Management Committee is responsible for approving and amending our market risk policies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Risk Management Committee uses a risk map to explain, in detail, the trades that the trading desk is authorized to close. The
risk map also describes the maximum amounts for the position in certain products, the maximum amount of losses accepted (&ldquo;stop
loss&rdquo;) and the maximum expected loss (given a confidence interval) over a specific time period if the portfolio were held
unchanged over that period (VaR limit). It is structured in a manner that establishes different investment amounts tied to our
organizational chart, where the Treasury Manager has the highest authorized amount. Complementarily, the Credit Committee establishes
the credit risk limits with all financial counterparties. Our Financial Risk Department conducts a daily control over compliance
with the limits established in the risk map. In the event that an exception is needed, the trading desk must apply for authorization
from the CEO while maintaining the Asset and Liability Committee and the Risk Management Committee informed of all developments.
In addition, the Risk Management Committee authorizes risk levels in terms of interest rate, foreign exchange rate, inflation
and term imbalance risks. The Assets and Liabilities Committee is responsible for monitoring compliance with our market risk policies
every two weeks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the course of its monthly meetings, our Board of Directors is advised of the full range of resolutions adopted by the Assets and
Liabilities Committee, including: liquidity risk, market risk, foreign currency risk and interest rate risk management.</FONT></P>

<!-- Field: Page; Sequence: 342; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->332<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
evaluate, upgrade and improve market risk measurements and controls on a daily basis. In order to measure significant market risks
on the trading portfolio, we use the value at risk methodology, or &ldquo;VaR,&rdquo; in our internal models. This methodology
is based on statistical methods that take into account many variables that may cause a change in the value of its portfolios,
including interest rates, foreign exchange rates, securities prices, volatility and any correlation among them. VaR is an estimation
of potential losses that could arise from reasonably likely adverse changes in market conditions. It expresses the maximum amount
of loss expected (given a confidence interval) over a specified time period, or &ldquo;time horizon,&rdquo; if that portfolio
were held unchanged over that time period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
VaR models, while forward looking, are based on past events and are dependent upon the quality of available market data. The quality
of our VaR models is therefore continuously monitored. As calculated, for the trading book VaR is an estimate of the expected
maximum loss in the market value of a given portfolio over a ten-day time horizon at a one tailed 99% confidence interval. We
assume a ten-day holding period and adverse market movements of 2.32 standard deviations as the standard for risk measurement
and comparison. Additional information on our risk management is set forth in Note 27 to our audited consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table shows the Basel Standardized Approach for market risk capital requirement for our combined trading portfolios
in 2020, 2019 and 2018 (in thousands of Pesos):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2018</B>&nbsp;</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 63%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum </FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">176,332</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">278,454</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">281,541</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum </FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">577,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">773,178</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">680,659</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average </FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">360,473</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">534,489</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">441,025</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December&nbsp;31, </FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">551,765</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">342,719</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">410,769</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to take advantage of good trading opportunities, we have sometimes increased risk; however, during periods of uncertainty,
we have also reduced it.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
Rate Risk</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Central
Bank Communication &ldquo;A&rdquo; 6397 amended the way in which the Central Bank evaluates capital needs related to interest
rate risk exposure, by the way adapting its methodology to international best practices. Even though Interest Rate Risk is not
part of Tier I capital requirements in a direct way, this could be the case whenever the bank reaches the status of &ldquo;outlier
bank.&rdquo; The &ldquo;outlier bank&rdquo; test compares the bank&rsquo;s &rho;EVE with 15% of its Tier 1 capital, under a set
of prescribed interest rate shock scenarios. Tier I capital requirements will increase by the excess of the bank&rsquo;s &rho;EVE
over 15% of its Tier 1 capital. Therefore, the Superintendency of Financial Institutions continues to review such risk and determines
if there is a need for additional regulatory capital in case a predetermined threshold is surpassed or it finds clear evidence
of an inappropriate management of this type of risk. Additionally, the Central Bank establishes the need to measure interest rate
risk considering two dimensions: a) the impact of interest rate fluctuations over the underlying value of a bank&rsquo;s assets,
liabilities and off-balance sheet items and hence its economic value and b) the impact over the net interest income. In order
to tackle the first dimension, the Central Bank established a Standardized Framework considering the impact of six different shock
scenarios over the bank&rsquo;s &rho;EVE. To assess the impact over the net interest income, the bank has to make use of its internal
measurement systems (SIM). See &ldquo;<I>Item 4.B Business overview&mdash;Argentine Banking Regulation&mdash;Liquidity and Solvency
Requirements&mdash;Limitations</I>.&rdquo;</FONT></P>

<!-- Field: Page; Sequence: 343; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->333<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
define interest rate risk as the risk relating to changes in the entity&rsquo;s financial income and economic value as a result
of fluctuations in the market&rsquo;s interest rates. The following are known factors that contribute to this risk:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">differences
                                         in maturity and adjustment dates of assets, liabilities and off-balance sheet holdings;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">foreseeability,
                                         evolution and volatility with respect to local interest rates, foreign interest rates
                                         and CET;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         base risk arising out of an imperfect correlation when adjusting asset and liability
                                         rates for instruments with similar revaluation characteristics; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">implicit
                                         options for particular assets, liabilities and off-balance sheet commitments held by
                                         the entity.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF employ a prudent interest rate risk strategy allowing them to uphold their commitments and maintain desired levels
of revenue and capital, both in normal and adverse market conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Interest
Rate Risk Management Model &ndash; Standardized Framework</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF include interest rate gaps in their interest rate risk management model. This approach analyzes mismatches between
asset and liability interest rates between reevaluation periods with respect to the financial statements and off-financial statements
line-items. The result is a basic representation of the financial statements structure that allows for the detection of interest
rate risk concentrations within the different periods. This is also used to estimate the potential impact of interest rates falling
outside of the financial margin (NIM-EaR method) and the entity&rsquo;s economic value (MVE-VaR method).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Every
financial statements and off-financial statements line-item is classified according to its maturity. For asset/liability management
accounts without maturity, an internal method of analysis is used to determine possible maturity and sensitivity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Asset and Liability Management Committee monitors interest rate risk management and each financial management team is in charge
of executing it. The Risk Management team and Financial Planning team are in charge of monitoring compliance, enforcing risk management
strategies and issuing periodic reports.</FONT></P>

<!-- Field: Page; Sequence: 344; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->334<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Interest
Rate Risk Capital Requirement</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank evaluates its minimum capital requirements relating to interest rate risk through the use of a MVE-VaR internal model, using
a holding period of three months and a 99% confidence interval. This quantitative model factors in the economic capital required
for our securitization risk. The results are then compared with those obtained from the application of the Standardized Framework,
being the resulting capital need the higher of those figures. In the case of CCF, capital needs are calculated directly through
the application of the Standardized Framework, adopting local regulations applicable to entities of the size of CCF (Group &ldquo;C&rdquo;
banks). The following chart shows the Bank&rsquo;s interest rate risk figures under the Standardized Framework described above
for 2020, 2019 and 2018 (in thousands of Pesos):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2018</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 63%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minimum </FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">183,329</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">381,847</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">879,416</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum </FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">948,699</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">878,805</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,141,684</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average </FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">499,205</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">601,951</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,010,551</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December&nbsp;31, </FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">948,699</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">555,428</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">879,416</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF&rsquo;s consolidated gap position refers to the mismatch of interest-earning assets and interest-bearing liabilities.
The following tables show the Bank and CCF&rsquo;s consolidated exposure to a positive interest rate gap, in Pesos:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Remaining Maturity at December 31, 2020</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0-1 Year</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1-5 Years</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Over 5 Years</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest-earning assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment Portfolio<SUP>(1)</SUP> </FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">36,403</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">6,837</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">43,240</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans to the non-financial public sector<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans to the private and financial sector<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68,036</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,708</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,006</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86,751</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Receivables from financial leases </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">476</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">661</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,178</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other assets </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">62,868</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">62,868</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total interest-earning assets </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">104,937</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23,206</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">65,916</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">194,058</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest-bearing liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Savings </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,044</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,877</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,921</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,423</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,425</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Non subordinated notes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,166</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,166</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Liabilities with financial institutions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,090</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other liabilities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,391</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,391</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total interest-bearing liabilities </TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">100,576</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">149</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">70,268</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">170,993</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Asset/liability gap </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,361</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,057</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-4,352</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,066</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cumulative asset/liability gap </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,361</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,418</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,066</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,131</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cumulative sensitivity gap as a percentage of total interest-earning assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">99</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         government securities and instruments issued by the Central Bank.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
                                         amounts are stated before deducting allowances for loan losses.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows the Bank&rsquo;s consolidated exposure to an interest rate gap in foreign currency:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Remaining Maturity at December 31, 2020</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0-1 Year</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1-5 Years</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Over 5 Years</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest-earning assets in foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment Portfolio<SUP>(1)</SUP> </FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">1,745</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">10</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">241</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">1,996</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans to the non-financial public sector<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans to the private and financial sector<SUP>(2)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,947</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-20</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,263</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Receivables from financial leases </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other assets </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">23,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">23,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 345; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->335<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Remaining Maturity at December 31, 2020</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0-1 Year</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1-5 Years</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Over 5 Years</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-style: italic; text-align: center">(in thousands of Pesos, except percentages)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in; width: 52%">Total interest-earning assets </TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 9%">7,692</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 9%">4,347</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 9%">23,606</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; width: 9%">35,645</TD><TD STYLE="font-weight: bold; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Interest-bearing liabilities in foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.1in; padding-left: 0.1in">Savings </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,457</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,241</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,698</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Time deposits </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,499</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,499</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Subordinated notes </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,131</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,131</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Liabilities with financial institutions </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,115</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,115</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">Other Liabilities </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,614</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,614</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Total interest-bearing liabilities </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,203</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,855</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,058</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Asset/liability gap </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-24,511</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,347</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,751</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-3,413</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cumulative asset/liability gap </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-24,511</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-20,164</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-3,413</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-6,826</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Cumulative sensitivity gap as a percentage of total interest-earning assets </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-319</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-10</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>




<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes
                                         government securities and instruments issued by the Central Bank.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
                                         amounts are stated before deducting allowances for loan losses.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
Currency Risk</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Risk Management Committee is responsible for deciding the net position in foreign currency to be maintained at all times according
to market conditions and monitoring it regularly.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Policies
regarding foreign currency risk are applied at the level of our subsidiaries. Our foreign currency risk arises mainly from our
operations in our capacity as a financial intermediary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
May&nbsp;2003, the fluctuation of the U.S. dollar has been included as a risk factor for the calculation of the market risk requirement,
considering all assets and liabilities in U.S. dollars. As of December&nbsp;31, 2020, the Bank&rsquo;s consolidated total net
asset foreign currency position subject to foreign currency risk was Ps.1,543,375,000, and this position generated a market risk
capital requirement of Ps.135,256,000 as of such date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity
Risk</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Policies
regarding liquidity risk are applied at the level of our subsidiaries. Our liquidity risk arises mainly from the operations of
the Bank and CCF. Our other subsidiaries are also subject to liquidity risk, which is not significant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF define liquidity risk as the risk of having to pay additional financial costs due to an unexpected need for liquidity.
This risk arises out of the differences in amounts and maturity of the assets and liabilities held by the Bank. There are two
types of Liquidity Risk:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Funding
                                         Liquidity Risk, which results from the inability to obtain funds at market price that
                                         are needed to ensure liquidity, mainly due to the market&rsquo;s perception of the Bank
                                         and CCF.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Market
                                         Liquidity Risk, which occurs when the Bank or CCF cannot trade its position in one or
                                         several assets at market price, which is caused by two factors:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                         assets are not sufficiently liquid and cannot be traded in the secondary market; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9675;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
                                         in the market where the assets are traded.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 346; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->336<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
manage liquidity risk, the Bank and CCF focus on their sources of liquidity. The Bank relies on certain financial products that
can provide a quick source of liquidity in extreme situations of illiquidity. To this effect, the Bank relies on the control of
two core metrics, the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR). The first one, with a shorter-term
perspective, is aimed at assessing the availability of enough liquid assets to meet the withdrawal of deposits and other liabilities
in a 30-day stress scenario. Meanwhile, the NSFR aims to promote resilience over a longer time horizon by creating incentives
for banks to fund their activities with more stable sources of funding on an ongoing basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF rely on a set of indicators that allows them to detect and take steps to prevent potential liquidity risks. The Bank&rsquo;s
and CCF&rsquo;s set of indicators and risk limits are established by the Risk Management team and approved by the Board of Directors.
These indicators are constantly monitored by the Risk Management Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Risk Management Committee coordinates and supervises the identification, measuring and monitoring of liquidity risk. The Assets
and Liabilities Committee develops the strategies that allow for adequate liquidity risk management. The Assets and Liabilities
Committee relies on several different departments within the Bank to develop and enforce these strategies, from issuing reports
and risk management proposals to monitoring compliance with the established limits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operational
Risk</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
define operational risk as the risk of loss resulting from inadequate or failed internal processes due to personnel, systems or
external events. The definition includes legal risk but excludes strategic and reputational risk. Legal risk can result from internal
or external events and includes exposure to sanctions, penalties or other economic consequences that arise out of non-compliance
with contractual or regulatory obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
believe that we are pioneers in the design of operational risk management frameworks in Argentina, placing emphasis on risk identification,
risk management policies and our organizational model. We have tailored our framework to the requirements established by the Central
Bank, the Basel accords and international best practices. The Bank&rsquo;s operational risk management processes are overseen
by a correspondent, who is assisted by a network of risk, and every branch and service center has a delegate in charge of monitoring
risk. The correspondents and delegates report to the Operational Risk Department, ensuring that the Bank&rsquo;s entire network
is working together to monitor operational risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Operational
Risk Measuring Models</U></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
risk management process is based on complying with several stages designed to evaluate the Bank&rsquo;s vulnerability to operational
risk events, minimizing operational risk. This method allows the Bank to achieve a better understanding of its operational risk
profile and adopt the necessary measures to address any vulnerability. The stages are divided into:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identification
                                         of operational risk by implementing a Risk Control Self-Assessment model, which applies
                                         to each one of the Bank&rsquo;s processes and IT assets.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 347; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->337<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Measurement
                                         and evaluation of operational risk by establishing risk levels, evaluating the effectiveness
                                         of control mechanisms and determining residual risk for each of the Bank&rsquo;s processes
                                         and IT assets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mitigation,
                                         resulting from the application of plans of action and strategies designed to maintain
                                         risks within the levels established by the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Monitoring
                                         to quickly detect and address deficiencies in the policies, processes and procedures
                                         for managing operational risk, and to ensure constant improvement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Documenting
                                         the incidents and losses related to operational risk by establishing a database that
                                         allows for a comparison of the frequency and impact of operational risk events with the
                                         risk control self-assessment model.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Bank and other subsidiaries of the Group, mainly CCF, have Operational Risk Committees
                                         that are in charge of the enforcement of the operational risk policies and monitors the
                                         operational risks and operational risk events affecting the different companies. In addition,
                                         the Operational Risk Committee issues reports to the high management, Risk Management
                                         Committee and Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank and CCF evaluate internally their minimum capital requirements regarding operational risk through two different models:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banco
                                         Supervielle: has adopted a model that calculates (i)&nbsp;expected and unexpected losses,
                                         (ii)&nbsp;VaR (at a 99.9% confidence interval) and (iii)&nbsp;the minimum capital required
                                         to cover expected and unexpected losses. The holding period used is one year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.4pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CCF:
                                         capital needs are calculated directly through the application of the Standardized Framework,
                                         adopting local regulations applicable to entities of the size of CCF.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a049"></A>Item
12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities Other Than Equity Securities</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a050"></A>Item
12.A&nbsp;&nbsp; Debt Securities</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a051"></A>Item
12.B&nbsp;&nbsp; Warrants and Rights</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a052"></A>Item
12.C&nbsp;&nbsp; Other Securities</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<!-- Field: Page; Sequence: 348; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->338<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a053"></A>Item
12.D&nbsp;&nbsp; American Depositary Shares</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fees
and Expenses</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
of our ADRs are generally expected to pay fees to the Depositary according to the schedule below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; padding-right: 5.75pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; border-bottom: Black 0.5pt solid; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Persons
depositing or withdrawing shares or <BR>
ADS holders must pay:</I></B>&nbsp;</FONT></P></TD>
    <TD STYLE="width: 50%; padding-left: 5.75pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; border-bottom: Black 0.5pt solid; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>For:</I></B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$5.00
    (or less) per 100 ADSs (or portion of 100 ADSs)</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 5.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issuance
    of ADSs, including issuances resulting from a distribution of shares or rights or other property Cancellation of ADSs for
    the purpose of withdrawal, including if the deposit agreement terminates</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$0.05
    (or less) per ADS</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 5.75pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    cash distribution to ADS holders</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    fee equivalent to the fee that would be payable if securities distributed to you had been Class&nbsp;B shares and the Class&nbsp;B
    shares had been deposited for issuance of ADSs</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 5.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Distribution
    of securities distributed to holders of deposited securities (including rights) which are distributed by the Depositary to
    ADS holders</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$0.05
    (or less) per ADS per calendar year</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 5.75pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depositary
    services</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registration
    or transfer fees</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 5.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transfer
    and registration of shares on our share register to or from the name of the Depositary or its agent when you deposit or withdraw
    shares</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenses
    of the Depositary</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; padding-left: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cable,
    telex and facsimile transmissions (when expressly provided in the deposit agreement) converting foreign currency to U.S. dollars</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxes
    and other governmental charges that the Depositary or the custodian have to pay on any ADSs or shares underlying an ADS, for
    example, stock transfer taxes, stamp duty or withholding taxes</FONT></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 5.75pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
    necessary</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    charges incurred by the Depositary or its agents for servicing the deposited securities</FONT></TD>
    <TD STYLE="padding-left: 5.75pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
    necessary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Depositary collects its fees for delivery and surrender of ADSs directly from investors depositing shares or surrendering ADSs
for the purpose of withdrawal or from intermediaries acting for them. The Depositary collects fees for making distributions to
investors by deducting those fees from the amounts distributed or by selling a portion of distributable property to pay the fees.
The Depositary may collect its annual fee for depositary services by deduction from cash distributions or by directly billing
investors or by charging the book-entry system accounts of participants acting for them. The Depositary may collect any of its
fees by deduction from any cash distribution payable (or by selling a portion of securities or other property distributable) to
ADS holders that are obligated to pay those fees. The Depositary may generally refuse to provide fee-attracting services until
its fees for those services are paid.</FONT></P>

<!-- Field: Page; Sequence: 349; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->339<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
time to time, the Depositary may make payments to us to reimburse us for costs and expenses generally arising out of establishment
and maintenance of the ADS program, waive fees and expenses for services provided to us by the Depositary or share revenue from
the fees collected from ADS holders. The depositary for our ADRs is The Bank of New York Mellon (the &ldquo;Depositary&rdquo;).
In 2020, the Depositary reimbursed expenses for an amount of U.S.$17,835.67. In performing its duties under the deposit agreement,
the depositary may use brokers, dealers, foreign currency or other service providers that are owned by or affiliated with the
depositary and that may earn or share fees, spreads or commissions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Depositary may convert currency itself or through any of its affiliates and, in those cases, acts as principal for its own account
and not as agent, advisor, broker or fiduciary on behalf of any other person and earns revenue, including, without limitation,
transaction spreads, that it will retain for its own account.&nbsp;The revenue is based on, among other things, the difference
between the exchange rate assigned to the currency conversion made under the deposit agreement and the rate that the Depositary
or its affiliates receives when buying or selling foreign currency for its own account.&nbsp;The Depositary makes no representation
that the exchange rate used or obtained in any currency conversion under the deposit agreement will be the most favorable rate
that could be obtained at the time or that the method by which that rate will be determined will be the most favorable to ADS
holders, subject to the Depositary&rsquo;s obligations under the deposit agreement. The methodology used to determine exchange
rates used in currency conversions is available upon request.</FONT></P>


<!-- Field: Page; Sequence: 350; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->340<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a054"></A>PART
II</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a055"></A>Item
13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Defaults, Dividend Arrearages and Delinquencies</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a056"></A>Item
14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material Modifications to the Rights of Security Holders and Use of Proceeds</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a057"></A>Item
15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Controls and Procedures</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
Disclosure Controls and Procedures.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act, as amended. We performed
an evaluation of the effectiveness of our disclosure controls and procedures that are designed to ensure that information required
to be disclosed in the reports that we file with or submit to the SEC under the Exchange Act, as amended, is recorded, processed,
summarized and reported, within the time periods specified in the SEC&rsquo;s rules and forms and is communicated to our management,
including our CEO and CFO, as appropriate, to allow timely decisions regarding the required disclosure. Our CEO and CFO concluded
that, as of the end of the period covered by this annual report, our disclosure controls and procedures were effective to provide
reasonable assurance of their reliability. Notwithstanding the effectiveness of our disclosure controls and procedures, these
disclosure controls and procedures cannot provide absolute assurance of achieving their objectives because of their inherent limitations.
Disclosure controls and procedures are processes that involve human diligence and compliance and are subject to error in judgment.
Because of such limitations, there is a risk that material misstatements may not be prevented or detected on a timely basis by
our disclosure controls and procedures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
Management&rsquo;s Annual Report on Internal Control over Financial Reporting.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
management is responsible for establishing and maintaining adequate internal control over financial reporting for us and our consolidated
subsidiaries. Internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act, as amended,
as a process designed by, or under the supervision of, our principal executive and principal financial officers, and effected
by our Board of Directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of consolidated financial statements in accordance with applicable generally accepted accounting
principles. Internal controls and procedures are processes that involve human diligence and compliance and are subject to error
in judgment. Because of its inherent limitations, internal control over financial reporting may not prevent or detect all misstatements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
assessed the effectiveness of our internal control over financial reporting as of December&nbsp;31, 2020. In making this assessment,
management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal
Control&ndash;Integrated Framework 2013.</FONT></P>

<!-- Field: Page; Sequence: 351; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->341<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
on our assessment, we and our management have concluded that our internal control over financial reporting was effective as of
December&nbsp;31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
Attestation Report of the Registered Public Accounting Firm.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Price
Waterhouse&nbsp;&amp; Co. S.R.L., an independent registered public accounting firm, has audited the effectiveness of our internal
control over financial reporting as of December&nbsp;31, 2020, as stated in their report to our consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Please
see &ldquo;<I>Item 18. Financial Statements-Report of the Independent Registered Public Accounting Firm</I>&rdquo; for our registered
public accounting firm&rsquo;s attestation report on the effectiveness of our internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
Changes in Internal Control over Financial Reporting During the Year Ended December&nbsp;31, 2020.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the period covered by this annual report, there have not been any changes in our internal control over financial reporting that
have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><A NAME="m_001"></A>Item 16. &nbsp;[Reserved]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a058"></A>Item
16.A&nbsp;&nbsp; Audit committee financial expert</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our Board of Directors has determined that Mrs. Laurence Nicole Mengin
de Loyer is the audit committee&rsquo;s financial expert. Mrs. Loyer is an independent director under Rule 10A-3 of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a059"></A>Item
16.B&nbsp;&nbsp; Code of Ethics</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have adopted a code of ethics that is applicable <FONT STYLE="background-color: white">to all</FONT> our employees, which is posted
on our website at: https://s21.q4cdn.com/714080446/files/doc_downloads/2020/C%C3%B3digo-de-%C3%89tica-(EN).pdf. We have updated
our code of ethics during the year ended December&nbsp;31, 2019, effective <FONT STYLE="background-color: white">as of</FONT>
January&nbsp;<FONT STYLE="background-color: white">1,</FONT> 2020<FONT STYLE="background-color: white">. The update of our code
of ethics introduced, among others, guidelines for the use of social media and the responsibility and obligation of employees
to report corrupt practices. In this update the Compliance Department was appointed as responsible for the operational management
and dissemination of the code (instead of the Human Resources Department)</FONT>. In addition, we did not grant any waivers to
our code of ethics during the year ended December&nbsp;31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have also adopted the following policies: (i)&nbsp;investor communication, confidentiality and insider trading information, (ii)&nbsp;conflict
of interest, (iii)&nbsp;related party transactions, (iv)&nbsp;travel and gift policies and (v) integrity program for the prevention
of corruption. These policies are posted on our website at www.gruposupervielle.com/English/Corporate-Governance/Corporate-Governance-policies/default.aspx.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information
contained or accessible through our website is not incorporated by reference in and should not be considered part of this annual
report.</FONT></P>

<!-- Field: Page; Sequence: 352; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->342<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a060"></A>Item
16.C&nbsp;&nbsp; Principal Accountant Fees and Services</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the total amount billed to us and our subsidiaries by our independent registered public accounting
firm, Price Waterhouse&nbsp;&amp; Co. S.R.L., during the fiscal years ended December&nbsp;31, 2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: center">(in&nbsp;thousands&nbsp;of&nbsp;Pesos)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left; text-indent: -0.1in; padding-left: 0.1in">Audit Fees </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">104,230</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">104,777</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Audit Related Fees </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,162</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,540</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.1in">Tax Fees </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,230</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 0.1in">All Other Fees </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,773</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,763</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in"><B>Total</B></TD><TD STYLE="padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><B>111,165</B></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2.5pt"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><B>116,312</B></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><B>&nbsp;</B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Audit
fees </I>are fees for professional services performed by Price Waterhouse&nbsp;&amp; Co. S.R.L for the audit and limited review
of Grupo Supervielle&rsquo;s consolidated annual and quarterly financial statements under IFRS requirements and services that
are normally provided in connection with statutory and regulatory filings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Audit-related
fees </I>consist of fees for professional services performed by Price Waterhouse&nbsp;&amp; Co S.R.L. related to attestation,
review and verification services with respect to our financial information and the provision of services in connection with special
reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Tax
fees </I>are fees billed with respect to tax compliance and advisory services related to tax liabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>All
other fees</I> include fees paid for professional services other than the services reported above under &ldquo;audit fees,&rdquo;
 &ldquo;audit related fees&rdquo; and &ldquo;tax fees&rdquo; in each of the fiscal years above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><U>Audit Committee Pre-approval Policy and Procedures</U></I></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Following SEC requirements
regarding auditor independence, the Audit Committee pre-approves auditor services before the commencement of the service. The Audit Committee
evaluates the nature and scope of the work to be performed and the fees for such work prior to the engagement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Audit Committee has delegated
to its Chairperson the authority to grant pre-approvals to auditor services. The decision of the Chairperson to pre-approve a service
is presented to the full Audit Committee at the following scheduled meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The General Annual Shareholders&acute; Meeting designates the external
auditor.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a061"></A>Item
16.D&nbsp;&nbsp; Exemptions from the Listing Standards for Audit Committees</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a062"></A>Item
16.E&nbsp;&nbsp;&nbsp; Purchases of Equity Securities by the Issuer and Affiliated Purchasers</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a063"></A>Item
16.F&nbsp;&nbsp;&nbsp; Change in Registrant&rsquo;s Certifying Accountant</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None.</FONT></P>

<!-- Field: Page; Sequence: 353; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->343<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->





<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a064"></A>Item 16.G</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate Governance</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
Corporate Governance Rules</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
NYSE rules, foreign private issuers are subject to more limited corporate governance requirements than U.S. domestic issuers.
As a foreign private issuer, we must comply with four principal NYSE corporate governance rules: (1)&nbsp;we must have an audit
committee meeting the independence requirements of Rule 10A-3, subject to specified exceptions; (2)&nbsp;our CEO must promptly
notify the NYSE in writing after any executive officer becomes aware of any non-compliance with the applicable NYSE corporate
governance rules; (3)&nbsp;we must provide the NYSE with annual and interim written affirmations as required under the NYSE corporate
governance rules; and (4)&nbsp;we must provide a brief description of any significant differences between our corporate governance
practices and those followed by U.S. companies under NYSE listing standards. The table below briefly describes the significant
differences between our corporate governance practice and the NYSE corporate governance rules, applicable to U.S. domestic companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding-bottom: 1pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
                                         corporate governance rule for U.S. domestic issuers&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
                                         approach&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A listed company must have a majority of independent
    directors. &ldquo;Controlled companies&rdquo; are not required to comply with this requirement.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neither Argentine law nor our bylaws require
    us to have a majority of independent directors. However, pursuant to Section&nbsp;109 of the Argentine Capital Markets Law,
    our Audit Committee must be composed of at least three members of the Board of Directors, with the majority of independent
    directors; thus, we are required to have at least two independent directors. Our Audit Committee is composed of three independent
    directors in accordance with the Exchange Act.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This section establishes general standards to
    determine directors&rsquo; independence. No director qualifies as &ldquo;independent&rdquo; unless the Board of Directors
    affirmatively determines that the director has no material relationship with the listed company (whether directly or as a
    partner, shareholder, or officer of an organization that has a relationship with the company), and emphasizes that the concern
    is independence from management. The board is also required, on a case by case basis, to express an opinion with regard to
    the independence or lack of independence, of each individual director. <BR>
    (ii) In addition, in affirmatively determining the independence of any director who will serve on the compensation committee
    of the listed company&rsquo;s board of directors, the board of directors must consider all factors specifically relevant to
    determining whether a director has a relationship to the listed company which is material to that director&rsquo;s ability
    to be independent from management in connection with the duties of a compensation committee member, including, but not limited
    to: (A) the source of compensation of such director, including any consulting, advisory or other compensatory fee paid by
    the listed company to such director; and (B) whether such director is affiliated with the listed company, a subsidiary of
    the listed company or an affiliate of a subsidiary of the listed company. (b) In addition, a director is not independent if:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to CNV Rules, a director is not considered
    independent in certain situations, including where a director: (a)&nbsp;is also a member of the board of directors of the
    parent company or another company belonging to the same economic group of the issuer through a pre-existing relationship at
    the time of his or her election, or if said relationship had ceased to exist during immediately the previous three years;
    (b) is or has been associated with the company or any of its shareholders having a direct or indirect &ldquo;significant participation&rdquo;
    on the same, or with corporations with which also the shareholders also have a direct or indirect &ldquo;signification participation&rdquo;;
    or if he or she was associated with them through an employment relationship during the last three years; (c) has any professional
    relationship or is a member of a corporation that maintains frequent professional relationships of significant nature and
    volume, or receives remuneration or fees (other than the one received in consideration of his performance as a director) from
    the issuer or its shareholders having a direct or indirect &ldquo;significant participation&rdquo; on the same, or with corporations
    in which the shareholders also have a direct or indirect &ldquo;significant participation.&rdquo; This prohibition includes
    professional relationships and affiliations during the last three years prior to his or her appointment as director; (d) directly
    or indirectly owns 5% or more of shares with voting rights and/or a capital stock of the issuer or any company with a &ldquo;significant
    participation&rdquo; in it; (e) directly or indirectly sells and/or provides goods and/or services (different from those accounted
    for in section c)) on a regular basis and of a significant nature and volume to the company or to its shareholders with direct
    or indirect &ldquo;significant participation&rdquo;, for higher amounts than his or her remuneration as a member of the board
    of directors. This prohibition includes business relationships that have been carried out during the last three years prior
    to his or her appointment as director;</FONT></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 354; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->344<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; width: 10%; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 53%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
                                         corporate governance rule for U.S. domestic issuers&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
                                         approach&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A. the director is or has been within the last
    three years, an employee, or an immediate family member is, or has been within the last three years, an executive officer,
    of the listed company, its parent or a consolidated subsidiary. Employment as interim chairman or CEO or other executive officer
    shall not disqualify a director from being considered independent;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) has been a director, manager, administrator
    or principal executive of not-for-profit organizations that have received funds, for amounts greater than those described
    in section I) of article 12 of Resolution No.&nbsp;30/2011 of the UIF and its amendments, from the issuer, its parent company
    and other companies of the same group of which it is a part, as well as of the principal executives of any of them;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B. the director has received, or has an immediate
    family member who has received, during any twelve-month period within the last three years, more than U.S.$120,000 in direct
    compensation from the listed company, its parent or a consolidated subsidiary, other than director and committee fees and
    pension or other forms of deferred compensation for prior services (provided such compensation is not contingent in any way
    on continued service); C. (i) the director is a current partner or employee of a firm that is the listed company&rsquo;s internal
    or external auditor; (ii)&nbsp;the director has an immediate family member who is a current partner of such firm; (iii)&nbsp;the
    director has an immediate family member who is a current employee of such firm and personally works on the company&rsquo;s
    audit; or (iv)&nbsp;the director or an immediate family member was within the last three years a partner or employee of such
    firm and personally worked on the company&rsquo;s audit within that time; D. the director, or an immediate family member is,
    or has been with the last three years, employed as an executive officer of another company where any of the listed company&rsquo;s
    present executive officers at the same time serves or served on that company&rsquo;s compensation committee; E. the director
    is a current employee, or an immediate family member is a current executive officer, of a company that has made payments to,
    or received payments from the listed company its parent or a consolidated subsidiary for property or services in an amount
    which, in any of the last three fiscal years, exceeds the greater of U.S.$1&nbsp;million, or 2% of such other company&rsquo;s
    consolidated gross revenues.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) receives any payment, including the participation
    in plans or stock option schemes, from the company or companies of the same economic group, other than the compensation paid
    to him or her as a director, except dividends paid as a shareholder of the company in the terms of section d) and the corresponding
    to the consideration set forth in section e); (h) has served as member of the board of director of the issuer, its parent
    company or another company belonging to the same economic group for more than ten years. If said relationship had ceased to
    exist during the previous three years, the independent condition will be recovered; (i) is the spouse or legally recognized
    partner, relative up to the third level of consanguinity or up to the second level of affinity of persons who, if they were
    members of the board of directors, would not be independent, according to the above listed criteria; Pursuant to the CNV Rules,
    a director who, after his or her appointment, falls into any of the circumstances indicated above, must immediately report
    to the issuer, which must inform the CNV and the authorized markets where it lists its negotiable securities immediately upon
    the occurrence of the event or upon the instance becoming known. In all cases, the references made to &ldquo;significant participation&rdquo;
    set forth in the aforementioned independence criteria will be considered as referring to those individuals who hold shares
    representing at least 5% of the capital stock and or the vote, or a smaller amount when they have the right to elect one or
    more directors by share class or have other shareholders agreements relating to the government and administration of the company
    or of its parent company. Pursuant to the CNV Rules we are required to report to the shareholders&rsquo; meeting, prior to
    voting for the appointment of any director, the status of such director as either &ldquo;independent&rdquo; or &ldquo;non-independent.&rdquo;</FONT></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 355; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->345<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
                                         corporate governance rule for U.S. domestic issuers&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
                                         approach&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.03</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The non-management directors
    of a listed company must meet at regularly scheduled executive sessions without management.</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 35%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neither Argentine law nor
    our bylaws require the holding of such meetings and we do not hold non-management directors meetings. The AGCL provides, however,
    that the board shall meet at least once every three months, and according to our bylaws, whenever the chairman considers necessary
    to convene for a meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A listed company must have a nominating/corporate
    governance committee composed entirely of independent directors, with a written charter that covers certain minimum specified
    duties. &ldquo;Controlled companies&rdquo; are not required to comply with this requirement.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to applicable local rules, we have
    an Ethics, Compliance and Corporate Governance committee. We also have a Nomination and Remuneration Committee which, among
    other duties, advises the Board of Directors on the nomination of directors.</FONT></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 356; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->346<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
                                         corporate governance rule for U.S. domestic issuers&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
                                         approach&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.05</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A listed company must have
    a compensation committee composed entirely of independent directors, with a written charter that covers certain minimum specified
    duties. &ldquo;Controlled companies&rdquo; are not required to comply with this requirement.</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 35%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neither Argentine law nor
    our bylaws require the establishment of a compensation committee. However, we have a Nomination and Remuneration Committee
    which advises the Board of Directors on: (a) the nomination of directors and senior officers and their succession plans, (b)
    the remuneration polices for the Board of Directors, senior officers and the personnel, and (c) Human Resources policies,
    training and evaluation of the staff performance.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.06 303A.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A listed company must have an audit committee
    with a minimum of three independent directors who satisfy the independence requirements of Rule 10A-3, subject to certain
    specified exceptions, with a written charter that covers certain minimum specified duties. (a) The audit committee must have
    a minimum of three members. All of its members shall be financially literate or must acquire such financial knowledge within
    a reasonable period of time after the appointment and at least one of its members shall have experience in accounting or financial
    management. In addition to meeting any requirement of Rule 10A-3 (b) (1), all audit committee members must satisfy the independence
    requirements set out in Section&nbsp;303A.02. (b) The audit committee must have a written charter that establishes the duties
    and responsibilities of its members, including, at a minimum, some of the duties and responsibilities required by Rule 10A-3
    of the Exchange Act and the following responsibilities set forth in NYSE Sections 303A.07(b)(iii)(A)-H) of the NYSE Manual.
    </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The responsibilities of an audit committee, as provided in the Argentine
Capital Markets Law and the CNV Rules are essentially the same as those provided for under Rule 10A-3, which we are required to satisfy.
Argentine law requires the audit committee be composed of three or more members from the Board of Directors (with a majority of independent
directors), all of whom must be well-versed in business, financial or accounting matters. Our Audit Committee is composed of three independent
directors according to Rule 10A-3 and one of the members is well-versed in business, financial and accounting matters, in accordance with
the requirements of the Exchange Act. See &ldquo;Directors, Senior Management and Employees &ndash; Audit Committee&rdquo; section for
further details about the Audit Committee Composition. Our audit committee performs the following duties and responsibilities among others:</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;oversees
the adequacy, appropriateness and effectiveness of our internal control systems to ensure the reasonableness, reliability, adequacy
and transparency of our consolidated financial statements, financial and accounting information and our consolidated financial
statements and information;</FONT>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;takes notice of complaints regarding accounting, internal controls
over financial reporting and auditing matters, received through the applicable procedures</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A. at least annually, obtain and review a report
    by the independent auditor describing: the firm&rsquo;s internal quality-control procedures; any material issues raised in
    the most recent internal quality-control review, or peer review, of the firm, or by any inquiry or investigation by governmental
    or professional authorities, within the preceding five years, with respect to one or more independent audits carried out by
    the firm, and any steps taken to deal with any such issues; and (to assess the auditor&rsquo;s independence) all relationships
    between the independent auditor and the listed company; B. meet with management and the independent auditor to review and
    discuss the listed company&rsquo;s annual audited financial statements and quarterly financial statements, including a review
    of the company&rsquo;s specific disclosures under Operating and Financial Review and Prospects&rdquo;; C. discuss the listed
    company&rsquo;s earnings press releases, as well as financial information and earnings guidance provided to analysts and rating
    agencies; D. discuss risk assessment and risk management policies; E. hold separate regular meetings with management, the
    internal auditors (or other personnel responsible for the internal audit function) and the independent auditors; F. review
    any issue or difficulty arising from the audit or management&rsquo;s response with the independent auditor; G. set clear policies
    for the recruitment of employees or former employees of the independent auditors; and H. report regularly to the board of
    directors. (c) Rule 303A.07(c) establishes that each listed company must have an internal audit function to provide management
    and the audit committee with ongoing advice on the company&rsquo;s risk management processes and internal control systems.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provides
the market with complete information on transactions in which there may be a conflict of interest with members of our various
corporate bodies or controlling shareholders;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advises on the Board of Directors&acute; proposal for the designation
of the external auditors, ensures their independence, analyzes the different services rendered by them, reviews their plans and evaluates
their performance, giving an opinion on this matter when the Company issues its financial statements;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify">e<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ensures
that the Code of Ethics and Internal Conduct Code comply with current rules and regulations;</FONT></P></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 357; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->347<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
                                         corporate governance rule for U.S. domestic issuers&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
                                         approach&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 35%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;maintains an understanding of the internal auditing procedures to ensure
that they are complete and up-to-date and approves such procedures to then submit them to the Board of Directors for their consideration
and approval;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;takes
knowledge of Grupo Supervielle&rsquo;s financial, reputational, legal and operative risks, and oversees compliance with policies
designed to mitigate these such risks;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advises
on the reasonableness of fees or stock option plans for our directors and managers proposed by the Board of Directors;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issues
grounded opinions on related-party transactions under certain circumstances and file such opinions with regulatory agencies as
required by the CNV;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;verifies
the fulfillment of any applicable rules of conduct;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;oversees
the maintenance of adequate internal controls by each of Grupo Supervielle&rsquo;s subsidiaries to minimize risk through the consolidation
of best practices with respect to each of the businesses; </FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advises
        on our fulfillment of legal requirements and the reasonableness of the terms of the issuance of shares or other instruments
        that are convertible into shares in cases of capital increase in which pre-emptive rights are excluded or limited. Our
        Audit Committee is ruled by its internal charter.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify">m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issues
a report before any Board of Directors&acute; resolution to buyback our shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify">n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at
least once a year and upon the filing of the Company&acute;s annual financial statements, issues a report to the Board and the shareholders
addressing the work done to perform its duties, and the results of its work, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in; text-align: justify">o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;performs
all duties stated in its chart, our bylaws and laws and regulations.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If a member of the audit committee is simultaneously
    a member of the audit committee of more than three public companies the board of directors shall determine whether such simultaneous
    service would prevent such members from effectively serving on the listed company&rsquo;s audit committee, and disclose such
    determination in the order of business of the annual shareholders&rsquo; meeting of the listed company or in the company&rsquo;s
    annual report on Form 10-K filed with the SEC.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholders must be given the opportunity to
    vote on all equity-compensation plans and material revisions thereto, with limited exemptions set forth in the NYSE rules.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We do not currently offer equity-based compensation
    to our directors, executive officers or employees, and have no policy on this matter.</FONT></TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 358; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->348<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NYSE
                                         corporate governance rule for U.S. domestic issuers&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
                                         approach&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.09</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A listed company must adopt
    and disclose corporate governance guidelines that cover certain minimum specified subjects, including director&rsquo;s standards
    and responsibilities</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 35%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The CNV Rules contain recommended
    Corporate Governance guidelines for listed companies and the Board of Directors must include on its annual report, the level
    of compliance of such guidelines. Since 2011, we have in place a Code of Corporate Governance which contains corporate governance
    guidelines. Our Code of Corporate Governance is subject to periodic revision in order to comply with the latest applicable
    regulations and standards and to include up-to-date best market practices. The latest revision of our Code of Corporate Governance
    was approved in October 2019.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A listed company must adopt and disclose a code
    of business conduct and ethics for directors, officers and employees, and promptly disclose any waivers of the code for directors
    or executive officers. Each listed company may determine its own policies, which should address conflicts of interest, corporate
    opportunities, confidentiality, fair dealing, protection and proper use of listed company assets, compliance with laws, rules
    and regulations, and encouraging the reporting of any illegal or unethical behavior.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neither Argentine law nor our bylaws require
    the adoption or disclosure of a code of business conduct. We, however, have adopted a code of business conduct and ethics
    that applies to all of our employees.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303A.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a) Each listed company CEO must certify to the
    NYSE each year that he or she is not aware of any violation by the company of NYSE corporate governance listing standards.
    b) Each listed company CEO must promptly notify the NYSE in writing after any executive officer of the listed company becomes
    aware of any non-compliance with any applicable provisions of this Section&nbsp;303A. c) Each listed company must submit an
    executed Written Affirmation annually to the NYSE. In addition, each listed company must submit an interim Written Affirmation
    as and when required by the interim Written Affirmation form specified by the NYSE.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Comparable provisions do not exist under Argentine
    law and CNV Rules.</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a065"></A>Item 16.H</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mine Safety Disclosure</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a066"></A>Item 17.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Statements</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A NAME="a067"></A>Item 18.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Statements</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 359; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->349<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
audited consolidated financial statements are included in this annual report beginning at Page F-1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><A NAME="d_001"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 19.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit Index</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit</B><BR>
                           <B>Number&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 89%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/1517399/000110465917028402/a17-6847_1ex1d1.htm" STYLE="-sec-extract: exhibit">1.1</A></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/1517399/000110465917028402/a17-6847_1ex1d1.htm" STYLE="-sec-extract: exhibit">Bylaws of Grupo Supervielle (English translation), as amended (incorporated by reference to Exhibit 1.1 to our Annual Report on Form 20-
F (File No. 001-37777) filed on May 1, 2017).</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/1517399/000110465917028402/a17-6847_1ex2d1.htm" STYLE="-sec-extract: exhibit">2.1</A></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/1517399/000110465917028402/a17-6847_1ex2d1.htm" STYLE="-sec-extract: exhibit">Deposit Agreement among Grupo Supervielle, The Bank of New York Mellon, as depositary, and the holders from time to time of American depositary
shares issued thereunder, including the form of American depositary receipts, dated May 18, 2016 (incorporated by reference to Exhibit
2.1 to our Annual Report on Form 20-F (File No. 001-37777) filed on May 1, 2017).</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex8-1.htm">8.1</A></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex8-1.htm">List of subsidiaries of Grupo Supervielle as of the date of this annual report (filed herein).</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex12-1.htm">12.1</A></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex12-1.htm">Certification of Chief Executive Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002 (filed herein).</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex12-2.htm">12.2</A></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex12-2.htm">Certification of Chief Financial Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002 (filed herein).</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex13-1.htm">13.1</A></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="tm214268d6_ex13-1.htm">Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 (filed herein).</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.&nbsp;INS</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Instance Document.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.&nbsp;SCH</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension
    Schema Document.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.&nbsp;CAL</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension
    Calculation Linkbase Document.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.&nbsp;LAB</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension
    Label Linkbase Document.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.&nbsp;PRE</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension
    Presentation Linkbase Document.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.&nbsp;DEF</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension
    Definition Document.</FONT></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 360; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->350<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amount of long-term debt securities of Grupo Supervielle authorized under any given instrument does not exceed 10% of its total assets
on a consolidated basis. Grupo Supervielle hereby agrees to furnish to the SEC, upon its request, a copy of any instrument defining the
rights of holders of its long-term debt or of its subsidiaries for which consolidated or unconsolidated financial statements are required
to be filed.</FONT></P>

<!-- Field: Page; Sequence: 361; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->351<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The registrant hereby certifies
that it meets all of the requirements for filing on Form&nbsp;20-F and that it has duly caused and authorized the undersigned to sign
this Amendment to Annual Report on Form&nbsp;20-F on its behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GRUPO SUPERVIELLE S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Julio Patricio Supervielle</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Julio Patricio Supervielle</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Mariano Biglia</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Mariano Biglia</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: May&nbsp;17, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 362; Value: 325 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->352<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><IMG SRC="tm214268d1_img001.jpg" ALT=""></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consolidated
Financial Statements</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">As
of December 31, 2020, 2019 and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">for
the years ended December 31, 2020, 2019 and 2018</FONT></P>

<!-- Field: Page; Sequence: 363; Options: NewSection -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm214268d1_img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; width: 95%; text-align: left"><A HREF="#ReportofIndependentRegisteredPublicAccountingFirm"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Report
    of the Independent Registered Public Accounting firm</FONT></A></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; width: 5%; text-align: left"><A HREF="#ReportofIndependentRegisteredPublicAccountingFirm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">F-2</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a001_v1"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Consolidated
    Statements of Financial Position as of December 31, 2020 and 2019</FONT></A></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a001_v1">F-5</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a002_v1"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Consolidated
    Income Statement for the years ended December 31, 2020, 2019 and 2018</FONT></A></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a002_v1">F-7</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a003_v1"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Consolidated
    Statement of Comprehensive Income for the years ended December 31, 2020, 2019 and 2018</FONT></A></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a003_v1">F-9</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a004_v1"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Consolidated
    Statement of Changes in Shareholders&rsquo; Equity for the years ended December 31, 2020, 2019 and 2018</FONT></A></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a004_v1">F-10</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a005_v1"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Consolidated
    Statement of Cash Flow for the years ended December 31, 2020, 2019 and 2018</FONT></A></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a005_v1">F-11</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a006_v1"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Notes
    to the Consolidated Financial Statements </FONT></A></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#a006_v1">F-13</A></FONT></TD></TR>
</TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 364 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="ReportofIndependentRegisteredPublicAccountingFirm"></A>Report of Independent Registered Public Accounting
Firm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the Board of Directors and Shareholders of Grupo Supervielle S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Opinions on the Financial Statements and Internal Control over
Financial Reporting</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have audited the accompanying consolidated statements of financial
position of Grupo Supervielle and its subsidiaries (the &ldquo;Company&rdquo;) as of December 31, 2020 and 2019, and the related consolidated
income statement, consolidated statement of comprehensive income, consolidated statement of changes in shareholders&rsquo; equity and
consolidated statement of cash flows for each of the three years in the period ended December 31, 2020, including the related notes (collectively
referred to as the &ldquo;consolidated financial statements&rdquo;). We also have audited the Company&rsquo;s internal control over financial
reporting as of December 31, 2020, based on criteria established in <I>Internal Control &ndash; Integrated Framework (</I>2013) issued
by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of its
operations and its cash flows for each of the three years in the period ended December 31, 2020 in conformity with International Financial
Reporting Standards as issued by the International Accounting Standards Board. Also in our opinion, the Company maintained, in all material
respects, effective internal control over financial reporting as of December 31, 2020, based on criteria established in <I>Internal Control
- Integrated Framework </I>(2013) issued by the COSO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Basis for Opinions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company's management is responsible for these consolidated financial
statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal
control over financial reporting, included in Management&rsquo;s Annual Report on Internal Control over Financial Reporting appearing
under Item 15. Our responsibility is to express opinions on the Company&rsquo;s consolidated financial statements and on the Company's
internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting
Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We conducted our audits in accordance with the standards of the PCAOB.
Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements
are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was
maintained in all material respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our audits of the consolidated financial statements included performing
procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing
procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures
in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates
made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our audit of internal control
over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material
weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our
audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide
a reasonable basis for our opinions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 365; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Definition and Limitations of Internal Control over Financial
Reporting</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A company&rsquo;s internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles. A company&rsquo;s internal control over financial reporting
includes those policies and procedures that (i)&nbsp;pertain to the maintenance of records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of the assets of the company; (ii)&nbsp;provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and
that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the
company; and (iii)&nbsp;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition
of the company&rsquo;s assets that could have a material effect on the financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject
to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Critical Audit Matters</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The critical audit matters communicated below are matters arising from
the current period audit of the consolidated financial statements that were communicated or required to be communicated to the audit committee
and that (i) relate to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially
challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the
consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate
opinions on the critical audit matters or on the accounts or disclosures to which they relate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Fair value of financial instruments that do not have an active market
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As described in Notes 2 .a and 6 to the consolidated financial statements,
the fair value of financial instruments that do not have an active market is determined based on valuation techniques. The balance of
this type of instruments as of December 31, 2020 is Ps. 52,762,335 thousands. Included in this balance are Ps.28,449,953 thousands of
financial assets which are classified as Level 2. These financial instruments are priced using internal methods and assumptions that management
believes a hypothetical market participant would use to determine a current transaction price. The significant assumptions used by management
to value the financial instruments included implicit rates in the last available tender for similar securities and spot rate curves .
These valuation techniques require management to make estimates and judgments for complex instruments involving pricing models.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The principal considerations for our determination that performing
procedures relating to fair value of financial instruments that do not have an active market is a critical audit matter are the significant
judgment by management to determine the fair value of these financial instruments due to the use of an internally-developed model, which
included significant assumptions related to the implicit rates in the last available tender for similar securities and spot rate curves
; this in turn led to a high degree of auditor subjectivity and judgment to evaluate the audit evidence obtained related to the valuation,
and the audit effort involved the use of professionals with specialized skill and knowledge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Addressing the matter involved performing procedures and evaluating
audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing
the effectiveness of controls relating to the fair value of financial instruments that do not have an active market. These procedures
also included, among others, testing management process for (i) evaluating the reasonableness of implicit rates in the last available
tender for similar securities and spot rate curves and the appropriateness of the valuation models used; (ii) testing the mathematical
accuracy of the valuation techniques; and (iii) testing the completeness and accuracy of data provided by management. Professionals with
specialized skill and knowledge were used to assist in the evaluation of the appropriateness of valuation method and the evaluation of
implicit rates in the last available tender for similar securities and spot rate curves.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<!-- Field: Page; Sequence: 366 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Estimation of the allowance for loan losses of assets measured at
amortised cost and fair value through OCI</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As described in Notes 2.b , 1.11.2, 26 and 27 to the consolidated financial
statements, the Company&rsquo;s allowance for loan losses was Ps.8,424,714 thousands as of December 31, 2020. The Company assesses impairment
under the expected credit losses method described in IFRS 9. Management&rsquo;s models used to determine the expected credit loss include
the use of significant judgement, considering factors such as the definition of what is considered to be a significant increase in credit
risk and the development of assumptions and estimates to incorporate relevant information about past events, current conditions and forecasts
of economic conditions.The impact of the forecasts of economic conditions are determined based on the weighted average of three internally
developed macroeconomic scenarios that take into consideration the Group&acute;s economic outlook as derived through forecast macroeconomic
variables, which include inflation rate, monthly economic activity estimator and private sector wage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The principal considerations for our determination that performing
procedures relating to the estimation of the allowance for loan losses of financial assets measured at amortised cost and fair value through
OCI is a critical audit matter are: (i) that is an area highly subjective that involves a significant amount of judgment and effort in
developing the valuation models for determining the allowance for loan losses, (ii) the significant judgments and estimations made by
management in both the forecast of macroeconomic variables, which include inflation rate, monthly economic activity estimator and private
sector wage and in the definition of what is considered to be a significant increase in credit risk, both of which significantly affect
its estimate of expected credit losses at the balance sheet date, (iii) the audit of these figures involved the use of professionals with
specialized skill and knowledge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Addressing the matter involved performing procedures and evaluating
audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing
the effectiveness of controls relating to management&rsquo;s allowance for loan losses estimation process, which included controls over
the data, models and assumptions used in the estimation process. These procedures also included, among others, (i) evaluating models used
by management, the reasonableness of assumptions of forecasts of macroeconomic variables, which include inflation rate, monthly economic
activity estimator and private sector wage, the methodology used for the generation of the macroeconomic scenarios (ii) evaluating the
definition of what is considered to be a significant increase in credit risk (iii) testing the mathematical accuracy of the impairment
calculation for the credit balances (iv) testing the completeness and accuracy of data provided by management. Professionals with specialized
skill and knowledge were used to assist in evaluating and testing the appropriateness of the models used by management and the reasonableness
of the definition of what is considered to be a significant increase in credit risk, the assumptions and estimates made by Management
to incorporate relevant information about past events, current conditions and forecasts of economic conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ PRICE WATERHOUSE &amp; Co. S.R.L.</FONT></TD>
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ SANTIAGO JOS&Eacute; MIGNONE (Partner)</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Santiago Jos&eacute; Mignone</FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buenos Aires, Argentina</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;30, 2021.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have served as the Company&rsquo;s auditor since 2008.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 367 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>GRUPO SUPERVIELLE S.A.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B><A NAME="a001_v1"></A>Consolidated Statements of Financial Position</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">As of December 31, 2020 and 2019</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">(Expressed in thousands of pesos)</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; font-weight: bold; text-align: left">Cash and due from banks (Note 1.7)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">36,674,869</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">35,945,335</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,792,522</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,913,814</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financial institutions and correspondents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Argentine Central Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,623,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,683,569</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Other local financial institutions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,106,336</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,307,232</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Others</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,720</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Debt Securities at fair value through profit or loss (Note 1.7, 5, 6 and 16.1)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">773,961</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Derivatives (Note 6 and 10)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">350,680</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Reverse Repo transactions (Note 9)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">22,354,735</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Other financial assets (Note 5, 6 and 16.2)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,285,221</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,854,686</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Loans and other financing (Note 6 and 26)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">105,395,186</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">119,817,347</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">To the non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,530</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,307</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">To the financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,062</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87,841</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">To the Non-Financial Private Sector and Foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,359,594</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">119,690,199</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Other debt securities (Note 1.7, 6 and 16.3)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">40,859,975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,238,340</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Financial assets pledged as collateral (Note 6 and 16.4)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,904,935</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,261,336</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Current income tax assets (Note 4)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">139,487</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Inventories (Note 16.5)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">70,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">60,521</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Investments in equity instruments (Note 6 and 15)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">116,328</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">19,848</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Property, plant and equipment (Note 13)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,103,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,448,454</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Investment Property (Note 14)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,997,945</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,520,143</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Intangible assets (Note 15)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6,782,538</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,919,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Deferred income tax assets (Note 4)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,315,885</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,275,175</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other non-financial assets (Nota 16.6)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,352,880</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,795,477</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying Notes are an integral part of these Consolidated Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 368 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>GRUPO SUPERVIELLE S.A.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>Consolidated Statements of Financial Position</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">As of December 31, 2020 and 2019</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">(Expressed in thousands of pesos)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">LIABILITIES</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; font-weight: bold; text-align: left">Deposits (Note 16.7)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">178,641,594</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">121,176,255</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,911,255</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,447,131</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;Financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,416</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,253</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;Non-financial private sector and foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">170,672,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,690,871</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities at fair value through profit or loss (Note 5 and 16.8)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,002,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">258,060</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Derivatives (Note 5 and 10)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,995</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Repo transactions (Note 5 and 9)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">435,401</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Other financial liabilities (Note 5 and 16.9)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7,528,889</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">12,409,984</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Financing received from the Argentine Central Bank and other financial institutions (Note 5 and 16.10)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5,852,292</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">12,276,610</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Unsubordinated debt securities (Note 5 and 23)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,226,748</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,286,163</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Current income tax liability</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,288,267</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Subordinated debt securities (Note 5 and 23)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,140,469</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,886,028</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Provisions (Note 17 and 16.11)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">681,092</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">921,696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Deferred income tax liabilities (Note 4)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">689,268</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other non-financial liabilities (Note 16.12)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,146,102</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,175,664</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">TOTAL LIABILITIES</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">213,551,458</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">170,515,129</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">SHAREHOLDERS&rsquo; EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Shareholders&rsquo; Equity attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,651,135</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,878,404</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Shareholders&rsquo; Equity attributable to non-controlling interests</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">28,353</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">26,682</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL SHAREHOLDERS&rsquo; EQUITY</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">35,679,488</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">31,905,086</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying Notes are an integral part of these Consolidated Financial Statements.</FONT></P>


<!-- Field: Page; Sequence: 369 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>GRUPO SUPERVIELLE S.A.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B><A NAME="a002_v1"></A>Consolidated Income Statement</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">For the financial years ended December 31, 2020, 2019 and 2018</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">(Expressed in thousands of pesos)</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-style: normal; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; font-style: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left; padding-left: 1.4pt">Interest income (Note 16.13)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">64,699,880</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">60,983,625</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">63,700,230</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Interest expenses (Note 16.14)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(28,578,388</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(47,531,377</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(36,468,510</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Net interest income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">36,121,492</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">13,452,248</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,231,720</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Net income from financial instruments (NIFFI) at fair value through profit or loss (Note 16.15)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,315,582</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,536,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,215,705</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Result from derecognition of assets measured at amortized cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">657,019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Exchange rate differences on gold and foreign currency</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,064,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(441,191</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,359,639</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Net Income From Financial instruments And Exchange Rate Differences</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,037,146</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">28,095,191</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">15,575,344</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Net Financial Income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41,158,638</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41,547,439</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">42,807,064</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Services Fee Income (Note 16.16)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,493,824</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,707,556</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,414,260</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Services Fee Expense (Note 16.17)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,548,269</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,054,954</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,970,070</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Income from insurance activities (Note 16.18)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,671,455</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,896,923</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,777,345</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Net Service Fee Income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,617,010</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,549,525</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,221,535</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Subtotal</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">50,775,648</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">52,096,964</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">54,028,599</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Results from exposure to changes in the purchasing power of money</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,290,328</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,296,543</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,597,117</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Other operating income (Note 16.19)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,779,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,751,037</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,180,332</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Loan loss provisions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,615,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,533,018</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,846,363</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Net operating income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41,649,711</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">38,018,440</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">35,765,451</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Personnel expenses (Note 16.20)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,176,866</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,283,346</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,384,833</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Administration expenses (Note 16.21)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,318,557</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,310,666</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,729,051</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Depreciation and impairment of non-financial assets (Note 16.22)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,407,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,470,504</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">905,545</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Other operating expenses (Note 16.23)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,574,779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,656,215</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">9,030,424</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Income/ (Loss) before taxes</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,172,481</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,702,291</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,284,402</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Income tax (Note 4)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(671,707</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(229,663</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,117,088</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 1.4pt">Net income / (loss) for the year</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,500,774</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,931,954</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(6,401,490</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Net income / (loss) for the year attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,499,882</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,929,201</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,341,497</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 1.4pt">Net income / (loss) for the year attributable to non-controlling interests </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">892</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,753</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(59,993</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying Notes are an integral part of these Consolidated Financial Statements.</FONT></P>

<!-- Field: Page; Sequence: 370 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consolidated
Income Statement</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For the financial years ended December 31, 2020, 2019 and 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">NUMERATOR</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-align: left">Net income / (loss) for the year attributable to owners of the parent company</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,499,882</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(2,929,201</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(6,341,497</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">PLUS: Diluting events inherent to potential ordinary shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net income attributable to owners of the parent company adjusted by dilution</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,499,882</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,929,201</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,341,497</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">DENOMINATOR</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Weighted average of ordinary shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">PLUS: Weighted average of number of ordinary shares issued with dilution effect.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Weighted average of number of ordinary shares issued of the period adjusted by dilution effect</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Basic Income per share</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7.66</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6.41</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(13.88</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Diluted Income per share</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7.66</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6.41</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(13.88</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 85pt 0pt 78pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying notes and schedules are an integral part of the Consolidated Financial Statements</FONT></P>


<!-- Field: Page; Sequence: 371 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>GRUPO SUPERVIELLE S.A.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B><A NAME="a003_v1"></A>Consolidated Statement of Comprehensive Income</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">For the years ended December 31, 2020, 2019 and 2018</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">(Expressed in thousands of pesos)</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; font-weight: bold; text-align: left; padding-bottom: 1pt">Net income / (loss) for the year</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font-weight: bold; text-align: right">3,500,774</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font-weight: bold; text-align: right">(2,931,954</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font-weight: bold; text-align: right">(6,401,490</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Components of Other Comprehensive Income not to be reclassified to profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Revaluation surplus of property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">818,447</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(84,516</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">646,265</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax (Note 4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(238,992</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,170</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(159,864</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net revaluation surplus of property, plant and equipment</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">579,455</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(71,346</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">486,401</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">(Loss) / income from equity instruments at fair value through other comprehensive income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,475</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,182</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax (Note 4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(655</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net (loss) / income from equity instruments at fair value through other comprehensive income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,531</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,527</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Other Comprehensive Income not to be reclassified to profit or loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">579,455</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(75,877</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">487,928</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Components of Other Comprehensive Income to be reclassified to profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Income from financial instruments at fair value through other comprehensive income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">326,200</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,364</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,985</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax (Note 4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(101,962</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,991</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net income from financial instruments at fair value through other comprehensive income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">224,238</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,754</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">17,994</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other Comprehensive Income to be reclassified to profit or loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">224,238</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,754</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">17,994</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other Comprehensive (loss) / income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">803,693</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(65,123</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">505,922</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other comprehensive (loss) / income attributable to parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">802,914</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(64,940</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">505,396</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other comprehensive (loss) / income attributable to non-controlling interest</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(183</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Comprehensive loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,304,467</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,997,077</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(5,895,568</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Comprehensive loss for the year attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,302,796</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,994,141</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,836,101</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Comprehensive loss for the year attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,671</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,936</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(59,467</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying notes are an integral part of these Consolidated Financial Statements.</FONT></P>


<!-- Field: Page; Sequence: 372 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a004_v1"></A>Consolidated
Statement of Changes in Shareholders&rsquo; Equity</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For the financial years ended on December 31, 2020, 2019 and 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 7pt">Items</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Capital stock</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Capital Adjustment</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Paid in capital</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Legal reserve</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Other reserves</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Retained earnings</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Other comprehensive
    income</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>Total</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>Shareholders&acute;
                                         equity attributable to parent company</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>Total</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>Shareholders&acute;
                                         equity attributable to non-controlling interest </B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Total shareholders&acute;
    equity</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; width: 20%"><FONT STYLE="font-size: 7pt">Balance at
    December 31, 2017</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">456,722</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">3,079,801</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">33,164,697</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">152,370</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">6,662,091</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(1,582,686</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">98,157</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">42,031,152</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">465,561</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 6%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">42,496,713</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Distribution of retained earnings by the shareholders&rsquo;
    meeting on April 24, 2018:</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">- Other reserves</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">38,931</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,554,572</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(4,593,503</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">- Dividend distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(687,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(687,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(687,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">Purchase of subsidiaries &lsquo;shares</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(914</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(914</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(338</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(1,252</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Other movements</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(376,254</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(376,254</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Net loss for the year</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(6,341,497</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(6,341,497</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(59,993</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(6,401,490</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Other comprehensive income
    for the year</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">505,396</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">505,396</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">526</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">505,922</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Balance at December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">456,722</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">3,079,801</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">33,163,783</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">191,301</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">11,216,663</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(13,205,373</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">603,553</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">35,506,450</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">29,502</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">35,535,952</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Distribution of retained earnings by the shareholders&rsquo;
    meeting on April 26, 2019:</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">- Other reserves</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,833,486</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(2,833,486</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">- Dividend distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(634,568</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(634,568</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(634,568</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 7pt">Purchase of subsidiaries &lsquo;shares</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">663</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">663</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">116</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">779</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Net loss for the year</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(2,929,201</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(2,929,201</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(2,753</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(2,931,954</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Other comprehensive (loss)
    for the year</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(64,940</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(64,940</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(183</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(65,123</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Balance at December 31,
    2019</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">456,722</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">3,079,801</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">33,164,446</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">191,301</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">14,050,149</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(19,602,628</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">538,613</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">31,878,404</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">26,682</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">31,905,086</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Absorption of negative retained earnings (*)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(4,417,494</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(191,301</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(19,316,859</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">23,925,654</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Distribution of retained earnings by the shareholders&rsquo;
    meeting on April 28, 2020:</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">- Other reserves</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,796,775</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(5,796,775</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">- Dividend distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(530,065</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(530,065</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(530,065</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Net income for the year</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,499,882</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,499,882</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">892</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,500,774</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Other comprehensive&nbsp;&nbsp;income
    for the year</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">802,914</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">802,914</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">779</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">803,693</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">Balance at December
    31, 2020</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">456,722</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">3,079,801</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">28,746,952</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">2,026,133</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">1,341,527</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">35,651,135</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">28,353</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">35,679,488</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(*)
See Note 25.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying Notes are an integral part of these Consolidated Financial Statements.</FONT></P>


<!-- Field: Page; Sequence: 373 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a005_v1"></A>Consolidated
Statement of Cash Flow</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For the years ended December 31, 2020, 2019 and 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Cash flow from operating activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; text-align: left; padding-left: 0in">Net income / (loss) for the year</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">3,500,774</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(2,931,954</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(6,401,490</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Adjustments to obtain flows from operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Income tax</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">671,707</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">229,663</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,117,088</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Depreciation and Impairment of Property, plant and&nbsp;&nbsp;&nbsp;equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,407,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,470,504</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">905,545</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Loan loss provisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,615,060</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,533,018</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,846,363</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Other adjustments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Exchange rate difference on gold and foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,064,545</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">441,191</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,359,639</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Interest from loans and other financings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(64,699,880</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(60,983,625</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(63,700,230</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Interest from deposits and financing received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,578,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,531,377</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">36,468,510</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Net income from financial instruments at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,315,582</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(28,536,382</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(13,215,705</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Fair value measurement of investment properties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">92,457</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">173,076</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(301,426</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Results from exposure to changes in the purchasing power of money</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,290,328</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,296,543</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,597,117</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Interest on liabilities for financial leases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">207,035</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">289,288</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Allowances reversed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(572,480</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(678,796</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(665,561</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Result from derecognition of &nbsp;financial assets measured at amortized cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(657,019</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">(Increases) / decreases from operating assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Debt securities at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,704,499</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,730,615</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,361,338</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: 0.25in; padding-left: 0in">Derivatives</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">206,736</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(317,331</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,878</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Reverse Repo transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(22,354,735</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,358,040</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">&nbsp;&nbsp;&nbsp;&nbsp;To the non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,777</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,390</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32,129</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">&nbsp;&nbsp;&nbsp;&nbsp;To the other financial entities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">75,779</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">746,839</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">393,321</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">&nbsp;&nbsp;&nbsp;&nbsp;To the non-financial sector and foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">69,862,241</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">87,397,438</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73,827,816</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Other debt securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(26,621,635</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(5,209,685</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,918,913</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Financial assets in guarantee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,356,401</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,057,655</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(180,104</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Investments in equity instruments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(48,916</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,941</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">122,467</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0.25in; padding-left: 0in">Other assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(578,668</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,051,066</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(9,736,045</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Increases / (decreases) from operating liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: 17.8pt; padding-left: 0in">Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 38.95pt; padding-left: 0in">Non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">464,124</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(15,810,885</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,174,518</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 38.95pt; padding-left: 0in">Financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(14,598</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,299</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 38.95pt; padding-left: 0in">Private non-financial sector and foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,504,851</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(113,144,888</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(16,309,593</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: 17.8pt; padding-left: 0in">Derivatives</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,995</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(197,328</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">197,328</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Repo transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(435,401</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">435,401</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Liabilities at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,743,945</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(303,388</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">561,448</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Other liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,796,035</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">713,438</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">995,641</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Income Tax paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,272,880</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,102,703</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,932,952</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Net cash provided by / (used in) operating activities (A)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,491,514</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(37,218,430</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">43,291,188</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Cash flows from investing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 17.8pt; padding-left: 0in">Payments related to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Purchase of PPE, intangible assets and other assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4,724,074</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,516,436</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(5,978,681</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0.25in">Purchase of liabilities and equity instruments issued by other entities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(47,564</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(376,258</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.25in">Acquisition of subsidiaries, net of cash adquired</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,292</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(269,496</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,849,461</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 0.25in">Collections:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0.25in">Disposals related to PPE, intangible assets and other assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">425,906</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,920</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">908,416</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Net cash used in investing activities (B)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,353,024</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,775,012</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,295,984</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying Notes are an integral part of these Consolidated Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 374 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consolidated
Statement of Cash Flow</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For the years ended December 31, 2020, 2019 and 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;<BR STYLE="clear: both"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Cash flows from financing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: 17.8pt; padding-left: 0in">Payments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 64%; text-align: left; text-indent: 17.8pt; padding-left: 0in">Repurchase of non-controlling interest in subsidiaries</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">772</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(1,252</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Lease liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,366,164</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,703,937</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Financing received from Argentine Financial Institutions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,785,701</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(155,072,118</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(143,192,966</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Unsubordinated debt securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(21,297,718</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(23,641,629</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(15,818,913</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Subordinated debt securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,774,264</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,147,619</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(27,195</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: 17.8pt; padding-left: 0in">Dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(530,065</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(634,568</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(687,687</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-indent: 17.8pt; padding-left: 0in">Collections:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Unsubordinated negotiable obligations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,653,805</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,452,532</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,752,664</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 17.8pt; padding-left: 0in">Financing received from Argentine Financial Institutions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14,873,400</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">150,529,472</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">149,113,655</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Net cash used in financing activities (C)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14,226,707</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(20,217,095</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,861,694</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Effects of exchange rate changes and exposure to changes in the purchasing power of money on cash and cash equivalents (D)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,375,405</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,802,331</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,132,480</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Net increase / (decrease) in cash and cash equivalents (A+B+C+D)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,287,188</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26,408,206</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">64,265,990</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Result from exposure to changes in the purchasing power of the currency of Cash and equivalents</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12,853,555</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(33,941,124</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(32,132,480</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Cash and cash equivalents at the beginning of the year</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">38,032,893</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">98,382,223</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">66,248,712</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Cash and cash equivalents at the end of the year</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">39,466,526</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">38,032,893</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">98,382,223</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
accompanying notes are an integral part of these Consolidated Financial Statements.</FONT></P>


<!-- Field: Page; Sequence: 375 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a006_v1"></A>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>ACCOUNTING
                                         STANDARDS AND BASIS OF PREPARATION </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Grupo
Supervielle S.A. (individually referred to as &ldquo;Grupo Supervielle&rdquo; or &ldquo;the Company&rdquo; and jointly with its
subsidiaries as the &ldquo;Group&rdquo;), is a financial services holding company organized under the laws of Argentina that conducts
its business through its subsidiaries, providing banking services, proprietary brand credit card services, personal loans, insurance
and other services. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Grupo
Supervielle&acute;s Consolidated Financial Statements as of December 31, 2020 and 2019 and for the years ended December 31, 2020,
2019 and 2018 include the assets, liabilities and results of the controlled companies detailed in Note 1.2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.3pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.1.1</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Basis
of preparation</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.3pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
Consolidated Financial Statements have been prepared in accordance with IFRS as adopted by the IASB.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.3pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
preparation of Financial Statements at a certain date requires Management to make estimations and evaluations affecting the amount
of assets and liabilities recorded and contingent assets and liabilities disclosed at such date, as well as income and expenses
recorded during the year. Actual results might differ from the estimates and evaluations made at the date of preparation of these
Consolidated Financial Statements. The most significant judgments made by Management in applying the Group&rsquo;s accounting
policies and the major estimations and significant judgments are described in Note 2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
consolidated financial statements as of December 31, 2020, were approved by resolution of the Board of Directors&rsquo; meeting held on April 30, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.1.2</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Going
                                         concern </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
consolidated financial statements as of December 31, 2020, 2019 and 2018 have been prepared on a going concern basis as there
is a reasonable expectation that the Group will continue its operational activities in the foreseeable future (and in any event
with a time horizon of more than twelve months from the end of the reporting period).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.1.3</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Measuring
                                         Unit &ndash; IAS 29 (Financial reporting in hyperinflationary economies)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Consolidated Financial Statements of the Entity are expressed in Argentine pesos which is the functional currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IAS
29 establishes the conditions under which an entity shall restate its financial statements if it is located in an economic environment
considered hyperinflationary. This Standard requires that the financial statements of an entity that reports in the currency of
a highly inflationary economy shall be stated in terms of the measuring unit current at the closing date of the latest reporting
period, regardless of whether they are based on a historical cost approach or a current cost approach. To this end, in general
terms, the inflation rate must be computed in the non-monetary items as from the acquisition date or the revaluation date, as
applicable. These requirements also comprise the comparative information of the financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
determine the existence of a highly inflationary economy under the terms of IAS 29, the standard details a series of factors to
consider, including a cumulative inflation rate over three years that is close to or exceeds 100%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">It
is important to highlight that the three-year accumulated inflation rate as of December 31, 2020 reached 209.2%. On the other
hand, the macroeconomic events that have taken place in the country during the year show that the country is complying with the
qualitative factors provided for in IAS 29 to consider Argentina as a highly inflationary economy for accounting purposes. All
this, consequently, originates the need to apply the restatement for inflation of the financial statements in the terms of IAS
29 for the year ended December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group determined to use the Internal Wholesale Price Index (IWPI) to restate balances and transactions until the year 2016, for
the months of November and December 2015 the average variation of the Consumer Price Index (CPI) of the City of Buenos Aires was
used, due to the fact that during those two months there were no IWPI measurements at national level. Then, from January 2017
omwards, the Group used the National Consumer Price Index (National CPI). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 376 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The tables below show the evolution of these indexes
in the last three years and as of December 31, 2020 according to official statistics (INDEC):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-left: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-left: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-weight: bold; text-align: justify; padding-left: 0in">Variation in Prices</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; text-align: justify; padding-left: 0in">Annual</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">47.6</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">53.8</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36.1</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 0in">Accumulated 3 years</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">148.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">183.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">209.2</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
a consequence of the aforementioned, these Consolidated Financial Statements as of December 31, 2020 were restated in accordance
with the provisions of IAS 29.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Restatement
of the Financial Position</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group restated all the non-monetary items in order to reflect the impact of inflation in terms of the measuring unit current as
of December 31, 2020. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Goodwill, Inventories
and Equity. Each item must be restated since the date of the initial recognition in the Group&rsquo;s accounts or since the date of
the last revaluation. Monetary items have not been restated because they are stated in terms of the measuring unit current as
of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Comparative
figures must also be presented in the measuring unit current as of December 31, 2020. Therefore, comparative figures for the previous
reporting periods have been restated by applying a general price index, so that the resulting comparative financial statements
are presented in terms of the current unit of measurement as of the closing date of the reporting period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Restatement
of the Income Statement and the Statement of Cash Flows</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the Income Statement, items shall be restated from the dates when the items of income and expense were originally recorded. To
this end, the Group applied the variations in a general price index.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
effect of inflation on the monetary position is included in the Income Statement under Results from exposure to changes in the
purchasing power of money.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
items of the Statement of Cash Flows must also be restated in terms of the measuring unit current at the closing date of the Statement
of Financial Position. IAS 29 para 33 states that all items in the statement of cash flows are expressed in terms of the measuring
unit current at the end of the reporting period. The loss arising from the restatement has an impact on the Income Statement and
must be eliminated from the Statement of Cash Flows because it is not considered cash or cash equivalent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Restatement
of the Statement of Changes in Shareholder&rsquo;s Equity</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
components of the Statement of Changes in Shareholder&rsquo;s Equity, except reserves and retained earnings, must be restated
from the dates on which the items were contributed or otherwise arose.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.1.4</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>New
Standards and Interpretations issued by the IASB adopted by the Group</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(a)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Definition
                                         of a business &ndash; Changes in accordance to IFRS 3</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
October 22, 2018, IASB released changes, which include the definition of business with the purpose of helping entities determine
whether a transaction must be recorded as a combination of business or the acquisition of an asset. Such changes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -14.15pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Clarifies
                                         that, the definition of business, an acquired group of activities and assets, shall include
                                         at least a good and a substantial process that together shall contribute significantly
                                         to the capacity of developing products;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 377 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(ii)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Removes
                                         the evaluation of whether market players can replace the lack of processes or goods and
                                         continue with the production of products;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Add
explanatory guidelines and examples to help entities evaluate whether a substantial process has been acquired;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Restrict
definitions of a business or product by focusing on goods and services granted to clients and remove the reference to the capacity
of reducing costs, and</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(v)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Add
                                         an optional concentration trial that enables a simplified evaluation of whether a set
                                         of activities and acquired businesses are not a business.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -14.15pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Entities
need to apply changes in transactions which acquisitions date as from the beginning of the first annual period over which it has
been informed as of January 1, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment did not have any impact in the Group&acute;s consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(b)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Definition
                                         of significant or relatively significant - Changes to IAS 1 and IAS 8 </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
31 October 2018, the IASB issued amendments to the definition of material in IAS 1 and IAS 8.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendments to IAS 1, &lsquo;Presentation of financial statements&rsquo;, and IAS 8, &lsquo;Accounting policies, changes in accounting
estimates and errors&rsquo;, and consequential amendments to other IFRSs: i) use a consistent definition of materiality throughout
IFRSs and the Conceptual Framework for Financial Reporting; ii) clarify the explanation of the definition of material; and iii)
incorporate some of the guidance in IAS 1 about immaterial information.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amended definition is: &ldquo;Information is material if omitting, misstating or obscuring it could reasonably be expected to
influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements,
which provide financial information about a specific reporting entity.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment clarifies that the reference to obscuring information addresses situations in which the effect is similar to omitting
or misstating that information. It also states that an entity assesses materiality in the context of the financial statements
as a whole.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment also clarifies the meaning of &lsquo;primary users of general purpose financial statements&rsquo; to whom those financial
statements are directed, by defining them as &lsquo;existing and potential investors, lenders and other creditors&rsquo; that
must rely on general purpose financial statements for much of the financial information they need.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Entities
need to apply these changes for annual periods beginning on or after 1 January 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment did not have a significant effect in the Group&acute;s consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(c)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amendment
                                         to the Conceptual Framework </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
IASB has revised its Conceptual Framework. This will not result in any immediate change to IFRS, but the Board and Interpretations
Committee will use the revised Framework in setting future standards. Preparers might also use the Framework to assist them in
developing accounting policies where an issue is not addressed by an IFRS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment is effective for annual periods beginning on or after 1 January 2020 for preparers that develop an accounting policy
based on the Framework.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group considers that such changes have no significant effect in its consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.1.5</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>New
Standards and Interpretations issued by the IASB not in force</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(a)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Sale
                                         or contribution of assets between an investor and its associate or joint Venture &ndash;
                                         changes in IFRS 10 and IAS 28. </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 32.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IASB
carried out changes specifically on IFRS 10 &ldquo;Consolidated Financial Entities&rdquo; and IAS 28 &ldquo;Investments in associates
and joint ventures&rdquo;. Such changes clarify the accounting of sales or contribution of assets between the investor and its
associates and joint ventures and confirm that the accounting treatment depends on whether non-monetary assets sold or contributed
to the associate or joint venture account for a &ldquo;business&rdquo; (as defined in IFRS 3).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 378 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">When
non-monetary assets account for a business, the investor will recognize earnings or losses of the sale or contribution of assets.
If assets do not account for a business, earnings or losses are recognized by the investor only up to the amount recognized by
the investor in the associate or joint venture. These changes are applied with retroactive effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IASB
has decided to delay the application date for this modification until the research project over the interest method is concluded.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is evaluating the impact of the application of this new standard.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(b)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>IFRS
                                         17 &ldquo;Insurance contracts&rdquo;</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
May 18, 2017, the IASB issued IFRS 17 &ldquo;Insurance contracts&rdquo; as replacement for IFRS 4. It requires a current measurement
model where estimates are re-measured each reporting period. Contracts are measured using the building blocks of discounted probability-weighted
cash flows, an explicit risk adjustment, and a contractual service margin representing the unearned profit of the contract which
is recognized as revenue over the coverage period. This standard is effective for fiscal years beginning on or after January 1,
2023. The Group is evaluating the impact of the adoption of this new standard.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(c)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Changes
                                         in IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 &ndash; Reference interest rate reform
                                         (IBOR)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues that arise during the reform of an
interest rate benchmark, including the replacement of one benchmark with an alternative one. The most important changes are related
to the accounting of financial instruments at amortized cost. For instruments to which the amortised cost measurement applies,
the amendments require entities, as a practical expedient, to account for a change in the basis for determining the contractual
cash flows as a result of IBOR reform by updating the effective interest rate using the guidance in paragraph B5.4.5 of IFRS 9.
As a result, no immediate gain or loss is recognised. This practical expedient applies only to such a change and only to the extent
it is necessary as a direct consequence of IBOR reform, and the new basis is economically equivalent to the previous basis. IFRS
16 was also amended to require lessees to use a similar practical expedient when accounting for lease modifications that change
the basis for determining future lease payments as a result of IBOR reform (for example, where lease payments are indexed to an
IBOR rate).Such changes will become effective as from January 1, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is assessing the impact of the amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(d)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amendment
                                         to IFRS 16 &lsquo;Leases&rsquo;- Covid 19 - Related rent concessions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Rent
concessions have been, or are expected to be, provided to lessees as a result of the COVID-19 pandemic. Such concessions might
take a variety of forms, including payment holidays and deferral of lease payments for a period of time, sometimes followed by
increased rent payments in future periods. IFRS 16 contains requirements that apply to such rent concessions. The IASB has noted,
however, that applying those requirements to a potentially large volume of rent concessions related to COVID-19 could be complex
 &ndash; particularly in the light of the many other challenges that stakeholders face during the pandemic.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
a result, the IASB has provided lessees (but not lessors) with relief in the form of an optional exemption from assessing whether
a rent concession related to COVID-19 is a lease modification. Lessees can elect to account for rent concessions in the same way
as they would if they were not lease modifications. In many cases, this will result in accounting for the concession as a variable
lease payment.The practical expedient only applies to rent concessions occurring as a direct consequence of the COVID-19 pandemic.
Lessees that apply the exemption will need to disclose that fact, as well as the amount recognised in profit or loss arising from
COVID-19-related rent concessions. If a lessee chooses to apply the practical expedient to a lease, it would apply the practical
expedient consistently to all lease contracts with similar characteristics and in similar circumstances. The amendment is to be
applied retrospectively in accordance with IAS 8, but lessees are not required to restate prior period figures or to provide the
disclosure under paragraph 28(f) of IAS 8.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 379 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendments are mandatory for annual reporting periods beginning on or after 1 June 2020. Earlier application is permitted. The
Group is assessing the impact of the amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(e)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Annual
                                         Improvements 2018-2020</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Fees
included in the 10% test for derecognition of financial liabilities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment to IFRS 9 addresses which fees should be included in the 10% test for derecognition of financial liabilities. Costs
or fees could be paid to either third parties or the lender. Under the amendment, costs or fees paid to third parties will not
be included in the 10% test.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Illustrative
examples accompanying IFRS 16, &lsquo;Leases&rsquo;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Board has amended Illustrative Example 13 that accompanies IFRS 16 to remove the illustration of payments from the lessor relating
to leasehold improvements. The reason for the amendment is to remove any potential confusion about the treatment of lease incentives.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Subsidiary
as a first-time adopter</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IFRS
1 allows an exemption if a subsidiary adopts IFRS at a later date than its parent. The subsidiary can measure its assets and liabilities
at the carrying amounts that would be included in its parent&rsquo;s consolidated financial statements, based on the parent&rsquo;s
date of transition to IFRS, if no adjustments were made for consolidation procedures and for the effects of the business combination
in which the parent acquired the subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Board has amended IFRS 1 to allow entities that have taken this IFRS 1 exemption to also measure cumulative translation differences
using the amounts reported by the parent, based on the parent&rsquo;s date of transition to IFRS. The amendment to IFRS 1 extends
the above exemption to cumulative translation differences, in order to reduce costs for first-time adopters. This amendment will
also apply to associates and joint ventures that have taken the same IFRS 1 exemption.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Taxation
in fair value measurements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Board has removed the requirement for entities to exclude cash flows for taxation when measuring fair value under IAS 41, &lsquo;Agriculture&rsquo;.
This amendment is intended to align with the requirement in the standard to discount cash flows on a post-tax basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Effective
date</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
of the amendments are effective 1 January 2022. Earlier application is permitted</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is assessing the impact of the amedments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(f)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amendments
                                         to IAS 1, &lsquo;Presentation of financial statements&rsquo;, IFRS Practice statement
                                         2 and IAS 8,&rsquo; Accounting policies, changes in accounting estimates and errors&rsquo;</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
IASB amended IAS 1, &lsquo;Presentation of Financial Statements&rsquo;, to require companies to disclose their material accounting
policy information rather than their significant accounting policies. The amendment also clarifies that accounting policy information
is expected to be material if, without it, the users of the financial statements would be unable to understand other material
information in the financial statements. their significant accounting policies. To support this amendment, the Board also amended
IFRS Practice Statement 2, &lsquo;Making Materiality Judgements&rsquo;, to provide guidance on how to apply the concept of materiality
to accounting policy disclosures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amendment to IAS 8, &lsquo;Accounting Policies, Changes in Accounting Estimates and Errors&rsquo;, clarifies how companies should
distinguish changes in accounting policies from changes in accounting estimates. The distinction is important, because changes
in accounting estimates are applied prospectively to future transactions and other future events, but changes in accounting policies
are generally applied retrospectively to past transactions and other past events as well as the current period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 380 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
amendments should be applied for annual periods beginning on or after 1 January 2023. Earlier application is permitted. The amendments
should be applied prospectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is assessing the impact of the amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.2.</B></FONT></TD><TD STYLE="text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consolidation</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
subsidiary is an entity, including structured entities, over which the Group has control. The Group controls an entity when the
Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those
returns through its power to direct the activities of the entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
subsidiaries are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date
that control ceases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following chart details the subsidiaries included in the consolidation process:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Percentage of direct or indirect investment in capital stock</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Company</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Main Activity</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><B>12/31/2020</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2019</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2018</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Banco Supervielle S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Commercial Bank</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.90</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">% (1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.90</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">% (1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.89</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">% (1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; text-align: center; padding-bottom: 1pt">Cordial Compa&ntilde;&iacute;a Financiera S.A.</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 24%; text-align: center; padding-bottom: 1pt">Financial Company</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">99.90</TD><TD STYLE="width: 4%; padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">99.90</TD><TD STYLE="width: 4%; padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">99.90</TD><TD STYLE="width: 4%; padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Tarjeta Autom&aacute;tica&nbsp;&nbsp;S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Credit Card</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">99.99</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">99.99</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">99.99</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; text-align: center; padding-bottom: 1pt">Supervielle Asset&nbsp;&nbsp;Management S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Sofital S.A.F. e I.I.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Real State</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Espacio Cordial de Servicios S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Retail Services</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Supervielle Seguros S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Insurance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Micro Lending S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Financial Company</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">InvertirOnline S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Financial Broker</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt">InvertirOnline.Com Argentina S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Representations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Supervielle Productores Asesores de Seguros S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Insurance Broker</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Bolsillo Digital S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Fintech</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Futuros del Sur S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Financial Broker</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt">Easy Cambio S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Financial Company</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-right: 16.15pt"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Grupo
                                         Supervielle S.A.&rsquo;s direct and indirect interest in Banco Supervielle S.A votes
                                         amounts to 99,87%,as of 12/31/2020, 12/31/2019 and 12/31/2018 respectively. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 42.55pt; text-align: justify; text-indent: -27.15pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
Statements of controlled companies are for the same period of the Group&acute;s Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 161.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intercompany
transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also
eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries
have been changed where necessary to ensure consistency with the policies adopted by the Group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 381 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-controlling
interests in the results and equity of subsidiaries are shown separately in the consolidated statement of income, statement of
comprehensive income, statement of changes in shareholder&rsquo;s equity and statement of financial position, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Easy
Cambio S.A. was consolidated from the acquisition date (See Note 29).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
acquisition method of accounting is used to account for business combinations by the Group. The consideration transferred for
the acquisition of a subsidiary comprises the fair value of the assets transferred, the liabilities incurred to the former owners
of the acquired business, the equity interests issued by the Group, the fair value of any asset or liability resulting from a
contingent consideration arrangement and the fair value of any pre-existing equity interest in the subsidiary. Identifiable assets
acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values
at the acquisition date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value
or at the non-controlling interest&rsquo;s proportionate share of the acquired entity&rsquo;s net assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Acquisition-related
costs are expensed as incurred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
excess of the consideration transferred, the amount of any non-controlling interest in the acquired entity and the acquisition-date
fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired
is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired,
the difference is recognized directly in the Consolidated Income Statement as a &ldquo;bargain purchase&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.3.</B></FONT></TD><TD STYLE="text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consolidated
Structured Entities</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group have securitized certain financial instruments, mainly consumer loans, through financial trusts that issue debt securities
and participation certificates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
structured entity in which the Group was the trustor as of December 31, 2020 are set out below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Issued Securities</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Issuers</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Financial Trust</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Set-up on</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Due of principal obligation</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Securitized Amount</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Type</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Type</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amount</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 15%; text-align: center; padding-bottom: 1pt; vertical-align: middle">Micro Lending S.A.U.</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt; vertical-align: middle">III</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt; vertical-align: middle">06/08/2011</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt; vertical-align: middle">10/12/2016</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">39,779</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt">VDF TV A <BR>
VDF B</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 31,823 </FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 1,592</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Micro Lending S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">IV</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">09/01/2011</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">06/29/2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">40,652</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF TV A <BR>
VDF B</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 32,522 </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 1,626</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
structured entity in which the Group was the trustor as of December 31, 2019 are set out below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Issued Securities</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Issuers</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Financial Trust</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Set-up on</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Due of principal obligation</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Securitized Amount</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Type</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cantidad</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Tipo
    </B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cantidad</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 15%; text-align: center; padding-bottom: 1pt; vertical-align: middle">Banco Supervielle S.A.</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Serie 97 </FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt; vertical-align: middle">27/03/2018</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt; vertical-align: middle">20/03/2020</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">750,000</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; padding-bottom: 1pt">VDF TV A</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 712,500</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 37,500</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Cordial Compa&ntilde;&iacute;a Financiera S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle">20</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">08/04/2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">15/01/2022</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">600,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 480,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 120,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Cordial Compa&ntilde;&iacute;a Financiera S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle">21</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">24/06/2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">15/06/2022</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,000,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 780,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 220,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Cordial Compa&ntilde;&iacute;a Financiera S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle">22</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">13/11/2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">15/01/2021</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">571,560</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 469,260</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 102,300</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Micro Lending S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">III</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">08/06/2011</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">12/10/2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">39,779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF TV <BR>
A VDF B</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 31,823 </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 1,592</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Micro Lending S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IV</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">01/09/2011</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">29/06/2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">40,652</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF TV <BR>
A VDF B</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 32,522 </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 1,626</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">Micro Lending S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">XVIII</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">01/12/2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; vertical-align: middle">15/10/2022</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">119,335</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">VDF TV <BR>
A VDF <BR>
TV B</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN $ 89,501 </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CP</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 22,543</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 382 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group controls a structured entity when the Group is exposed to, or has rights to, variable returns from its involvement with
the entity and has the ability to affect those returns through its power to direct the activities of the entity. Structured entities
are consolidated from the date on which the control is transferred to the Group. They are deconsolidated from the date that control
ceases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
for financial trusts, the Group has evaluated the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
The purpose and design of the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Identification of relevant activities of the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Decision-making process on these activities</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
If the Group has the power to direct the relevant activities of the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
If the Group is exposed to, or has rights to, variable returns from its involvement with the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
If the Group has ability to affect those returns through its power over the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
accordance with the aforementioned, the Group controls such financial trusts and, therefore, such structured entities have been
consolidated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following chart details the assets and liabilities of Structured Entities that have been consolidated by the Group as of December
31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 0in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020(i)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2019</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; padding-left: 0in; width: 76%">Assets</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0in">Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,170,985</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0in">Financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">148,174</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0in">Other assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">397,110</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; padding-left: 0in">Total Assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,716,269</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; padding-left: 0in">Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0in">Financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,939,295</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0in">Other liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">56,675</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; padding-left: 0in">Total Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,995,970</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Structured
                                         entities outstanding as of December 31, 2020 are in the process of being liquidated so
                                         they were not consolidated.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.4.</B></FONT></TD><TD STYLE="text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Transactions
with non-controlling interest</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners
of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling
interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling
interests and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the
Group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.5.</B></FONT></TD><TD STYLE="text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Segment
Reporting</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An
operating segment is defined as a component of an entity or a Group that engages in business activities from which it may earn
revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity),
and whose financial information is evaluated on a regular basis by the chief operating decision maker.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Operating
segments are reported in a manner consistent with the internal reporting provided to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key personnel of the senior management who account for the main authority in operating decision-making processes and is responsible
for allocating resources and assessing the performance of operating segments; and </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board, who is in charge of making strategic decisions of the Group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"></P>

<!-- Field: Page; Sequence: 383 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.6.</B></FONT></TD><TD STYLE="text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Foreign
currency translation</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Functional
and presentation currency</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Figures
included in the Consolidated Financial Statements of each of the Group&rsquo;s entities are measured using the functional currency,
that is, the currency of the primary economic environment in which the entity operates. Consolidated Financial Statements are
presented in Argentine pesos, which is the functional and presentation currency of the Group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Transactions
and balances</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Transactions
in foreign currency are translated into the functional currency using the exchange rates published by the Argentine Central Bank
at the dates of the transactions. Gains and losses in foreign currency resulting from the settlement of such transactions and
from the translation of monetary assets and liabilities denominated in foreign currency at year end exchange rates, are recognized
in the income statement, under &ldquo;Exchange rate differences on gold and foreign currency&rdquo;, except when such items are
deferred in the shareholders&rsquo; equity for transactions classified as cash flow hedges, when applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the balances in US dollars were converted at the reference exchange rate determined by the Argentine
Central Bank. In the case of foreign currencies other than US dollars, they have been converted to this currency using the rexchange
rates derived from repo transactions reported by the Argentine Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.7.</B></FONT></TD><TD STYLE="text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Cash
and due from banks</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cash
and due from Banks includes available cash and unrestricted deposits held in Banks, which are short-term liquid instruments and
have original maturities of less than three months.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Assets
disclosed under cash and due from Banks are measured at amortized cost which is close to its fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cash
and Cash equivalents include cash and highly liquid short-term securities with an original maturity of less than three-months
according to the following detail:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Item</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; text-align: left; padding-bottom: 1pt">Cash and due from banks</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">70,551,283</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Debt securities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,868,604</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">773,961</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">26,458,009</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Money Market Funds(*)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">923,053</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,313,597</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,372,931</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,466,526</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">38,032,893</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">98,382,223</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(*)
Included within the &ldquo;other financial assets&rdquo; line in the statement of financial position</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group invests in money market funds (MMF) whose investments qualify individually as cash and cash equivalents. An MMF is an open-ended
mutual fund that invests in short-term debt instruments (typically one day to one year) such as treasury bills, certificates of
deposit, bonds, government gilts and commercial papers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
MMF have to comply with strict fund policies such as:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Controls
                                         ensuring constant net asset value or linear performance to limit volatility supported
                                         by actual performance;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Returns
                                         benchmarked to short-term money market interest rates;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Investment
                                         in high-quality instruments with high liquidity and a maximum weighted average maturity
                                         of a few weeks; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Highly
                                         diversified portfolio.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Reconciliation
between balances as appearing on the Statement of Financial Position and the items in the Statement of Cash Flow:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Items</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Cash and due from Banks</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; padding-bottom: 1pt; padding-left: 0.125in">As per Statement of Financial Position</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">70,551,283</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 384 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Items</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; padding-bottom: 1pt; padding-left: 0.125in">As per the Statement of Cash Flows</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">35,945,335</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">70,551,283</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Debt securities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">&nbsp;As per Statement of Financial Position</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,871,903</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">773,961</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,649,050</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">&nbsp;Securities not considered as cash equivalents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,003,299</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,191,041</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">&nbsp;As per the Statement of Cash Flows</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,868,604</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">773,961</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">26,458,009</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Money Market Funds</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">As per Statement of Financial Position &ndash; Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,285,221</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,854,686</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,556,206</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Other financial assets not considered as cash equivalents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,362,168</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,541,089</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,183,275</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">&nbsp;As per the Statement of Cash Flow</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">923,053</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,313,597</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,372,931</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Reconciliation
of liabilities from financing activities at December 31, 2020, 2019 and 2018 is as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Cash Flows</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Items</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; padding-bottom: 1pt"><B>12/31/2019</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Inflows</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Outflows</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Other non-cash movements</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt; text-align: center">12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Unsubordinated debt securities</P></TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">8,286,163</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2,653,805</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(6,785,701</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">72,481</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">4,226,748</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Subordinated debt securities</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,886,028</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,774,264</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">28,705</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,140,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,276,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">14,873,400</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(21,297,718</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,852,292</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Lease Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,288,420</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,366,164</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,259,442</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,181,698</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">24,737,221</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">17,527,205</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(31,223,847</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,360,628</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,401,207</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Cash Flows</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Items</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; padding-bottom: 1pt"><B>12/31/2018</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Inflows</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Outflows</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Other
                                         non-cash movements</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"><B>12/31/2019</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Unsubordinated debt securities</P></TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">19,491,854</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">11,452,532</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(23,641,629</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">983,406</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">8,286,163</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Subordinated debt securities</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,898,105</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,147,619</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,135,542</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,886,028</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16,823,037</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">150,529,472</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(155,072,118</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(3,781</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,276,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Lease Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,703,937</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,992,357</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,288,420</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,212,996</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">161,982,004</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(181,565,303</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,107,524</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">24,737,221</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Cash Flows</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Items</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; padding-bottom: 1pt"><B>12/31/2017</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Inflows</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Outflows</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>Other
                                         non-cash movements</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"><B>12/31/2018</B></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Unsubordinated debt securities</P></TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">26,558,104</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">6,429,136</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(11,619,542</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(1,875,844</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">19,491,854</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Subordinated debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,120,799</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(19,976</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">797,282</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,898,105</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,902,349</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">109,529,169</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(105,180,217</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,571,736</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,823,037</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,581,252</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">115,958,305</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(116,819,735</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">493,174</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,212,996</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.8.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial
                                         Instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Initial
Recognition and measurement</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets and financial liabilities are recognized when the entity becomes a party to the contractual provisions of the instrument.
Purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell
the asset.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">At
initial recognition, the Group measures a financial asset or liability at its fair value plus or minus, in the case of a financial
asset or financial liability not at fair value through profit or loss, transaction costs that are incremental and directly attributable
to the acquisition or issue of the financial asset or financial liability, such as fees and commissions. Transaction costs of
financial assets and financial liabilities carried at fair value through profit or loss are expensed in profit or loss. Immediately
after initial recognition, an expected credit loss allowance (ECL) is recognized for financial assets measured at amortized cost
and investments in debt instruments measured at fair value through other comprehensive income, as described in note 1.12, which
results in an impariment loss being recognized in profit or loss when an asset is newly originated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 385 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">When
the fair value of financial assets and liabilities differs from the transaction price on initial recognition, the Group recognizes
the difference as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">When
                                         the fair value is evidenced by a quoted price in an active market for an identical asset
                                         or liability or based on a valuation technique that only uses data from observable markets,
                                         the difference is recognized as a gain or loss.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
                                         all other cases, the difference is deferred and the timing of recognition of deferred
                                         day one profit or loss is determined individually. It is either amortized over the life
                                         of the instrument until its fair value can be determined using market observable inputs,
                                         or realized through settlement.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Financial
Assets</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>a
 &ndash; Debt Instruments</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Debt
instruments are those instruments that meet the definition of a financial liability from the issuer&rsquo;s perspective, such
as loans, government and corporate bonds and, accounts receivables purchased from clients in non-recourse factoring transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Classification</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to IFRS 9, the Entity classifies financial assets depending on whether these are subsequently measured at amortized cost, fair
value through other comprehensive income or fair value through profit or loss, on the basis of:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         Group&rsquo;s business model for managing financial assets, and; </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.65pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">b)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         cash-flows characteristics of the financial asset</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Business
Model </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
business model reflects how the Group manages a group of financial assets in order to generate cash flows. That is, whether the
Group&rsquo;s objective is solely to collect the contractual cash flows from the assets (measured at amortized cost) or is to
collect both the contractual cash flows and cash flows arising from the sale of assets (measured at fair value through other comprehensive
income). If neither of these is applicable, then the financial assets are classified as part of other business model and measured
at fair value through profit or loss.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
business model of the Group does not depend on the management&rsquo;s intentions for an individual instrument. Consequently, such
business model is not assessed instrument by instrument, but at a higher aggregated level.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group reclassifies an instrument when and only when its business model for managing those assets has changed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Therefore,
this business model is not evaluated instrument by instrument, but at a higher level of aggregated portfolios and is based on
observable factors such as:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">How
                                         the business model&rsquo;s return is evaluated and how financial assets held in that
                                         business model are evaluated and reported to the Group&rsquo;s key personnel.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         risks affecting the business model&rsquo;s return (and financial assets held in that
                                         business model) and, particularly, the way these risks are managed.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">How
                                         the Group&rsquo;s key personnel is compensated (for instance, if salaries are based on
                                         the fair value of the assets managed or on contractual cash flows collected)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         expected frequency, the value, moment and reasons of sales are also important aspects.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
evaluation of the business model is based on reasonably expected scenarios, irrespective of worst-case or stress case scenarios.
If after the initial recognition cash flows are realized in a different manner from the original expectations, the Group will
not change the classification of the remaining financial assets held in that business model, but it will consider such information
for evaluating recent purchases or originations. An instrument&rsquo;s reclassification is only made when, and only when, an entity
changes its business model for managing financial assets</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 386 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Contractual
Cash Flow Characteristics </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Where
the business model is to hold assets to collect contractual cash flows or to collect contractual cash flows and sell, the Group
assesses whether the financial instruments&rsquo; cash flows represent solely payments of principal and interest. Where the contractual
terms introduce exposure to risk or volatility that are inconsistent with a basic lending arrangement, the related financial asset
shall be classified and measured at fair value through profit or loss.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Based
on the aforementioned, there are three different categories of Financial Assets:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>i)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets at amortized cost.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets shall be measured at amortized cost if both of the following conditions are met:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         financial asset is held for collection of contractual cash flows, and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 32.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         assets&rsquo;s cash flows represent solely payments of principal and interest.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amortized cost is the amount at which it is measured at initial recognition minus the principal repayments, plus or minus the
cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount
and, for financial assets, adjusted for any loss allowance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>ii)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through other comprehensive income:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets shall be measured at fair value through other comprehensive income when:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         financial asset is held for collection of contractual cash flows and for selling financial
                                         assets and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 32.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         asset&rsquo;s cash flows represent solely payments of principal and interest.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
instruments shall be initially recognized at fair value plus or minus transaction costs that are incremental and directly attributable
to the acquisition or issue of the instrument, and subsequently measured at fair value through other comprehensive income. Gains
and losses arising out of changes in fair value shall be included in other comprehensive income within a separate component of
equity. Impairment gains or losses or reversal, interest revenue and foreign exchange gains and losses on the instrument&rsquo;s
amortized cost are recognized in profit or loss. At the time of sale or disposal, the cumulative gain or loss previously recognized
in other comprehensive income is reclassified from equity to the income statement. Interest income from these financial assets
is determined using the effective interest rate method.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>iii)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through profit or loss:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through profit or loss comprise:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Instruments
                                         held for trading</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Instruments
                                         specifically designated at fair value through profit or loss</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Instruments
                                         with contractual cash-flows that do not represent solely payments of principal and interest</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
financial instruments are initially recognized at fair value and any change in fair value measurement is charged to the income
statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group classifies a financial instrument as held for trading if such instrument is acquired or incurred for the main purpose of
selling or repurchasing it in the short term, or it is part of a portfolio of financial instruments which are managed together
and for which there is evidence of short-term profits or if it is a derivative financial instrument not designated as a hedging
instrument. Derivatives and trading securities are classified as held for trading and are measured at fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 387 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>b
 &ndash; Equity Instruments </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Equity
instruments are instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer&rsquo;s
net assets.<BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Such
instruments are measured at fair value through profit and loss, except where the Group&rsquo;s management has elected, at initial
recognition, to irrevocably designate an equity investment at fair value through other comprehensive income. This option is available
when instruments are not held for trading. The gains or losses of these instruments are recognized in other comprehensive income
and are not subsequently reclassified to profit or loss, including on disposal. Dividends that result from such instrument will
be charged to income when the Group&rsquo;s right to receive payments is established.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Derecognition
of Financial Assets</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group derecognizes financial assets only when any of the following conditions are met:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         rights on the financial asset cash flows have expired; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         financial asset is transferred pursuant to the requirements in 3.2.4 of IFRS 9.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group derecognizes financial assets that have been transferred only when the following characteristics are met:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         contractual rights to receive the cashflows from the assets have expired or when they
                                         have been transferred and the Group transfers substantially all the risks and rewards
                                         of ownership.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         Entity retains the contractual rights to receive cash flows from assets but assumes a
                                         contractual obligation to pay those cash flows to oher entities and transfers subtantially
                                         all of the risks and rewards. These transactions result in derecognition if the Group:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Has
no obligation to make payments unless it collects amounts from the assets;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Is
prohibited from selling or pledging the financial assets;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">c.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Has
an obligation to remit any cash it collects from the assets without material delay.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Write
Off of Financial Assets</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group reduces the gross carrying amount of a financial asset when it has no reasonable expectations of recovering a financial
asset in its entirety of a portion thereof. A write-off constitues a derecognition event.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Financial
Liabilities</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Classification
</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group classifies its financial liabilities as subsequently measured at amortized cost using the effective rate method, except
for:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         liabilities at fair value through profit or loss.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         liabilities arising from the transfer of financial assets which did not qualify for derecognition.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         guarantee contracts and loan commitments.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Financial
Liabilities valued at fair value through profit or loss</U>: At initial recognition, the Group can designate a liability at fair
value through profit or loss if it reflects more appropriately the financial information because:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         Group eliminates or substantially reduces an accounting mismatch in measurement or recognition
                                         inconsistency; or</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if
                                         financial assets and financial liabilities are managed and their performances assessed
                                         on a fair value basis according to an investment strategy or a documented risk management;
                                         or</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 388 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if
                                         a host contract contains one or more embedded derivatives and the Group has opted for
                                         designating the entire contract at fair value through profit or loss.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Financial
guarantee contract</U>: A guarantee contract is a contract which requires the issuer to make specified payments to reimburse the
holder for a loss it incurs because a specified debtor fails to make payments when due, in accordance with the terms of a debt
instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
guarantee contracts and loan commitments are initially measured at fair value and subsequently measured at the higher of the amount
of the loss allowance and the unaccrued premium at year end.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Derecognition
of financial liabilities</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Entity derecognizes financial liabilities when they are extinguished; this is, when the obligation specified in the contract is
discharged, cancelled or expires.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">When
an existing financial liability is exchanged by another of the same borrower under significantly different conditions, or the
conditions are significantly modified, such exchange or modification is treated as a derecognition of the original liability and
a new liability is recognized, the difference between the value in books of the initial financial liability and the consideration
paid is recognized in the Consolidated Income Statement. When the renegotiation conditions are not significantly different, or
the conditions are not significantly modified, the flows of the modified financial liabilities are discounted at the rate of the
original contract.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.9.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Derivatives</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Derivatives
are initially recognized at their fair value on the date on which the derivative contract is entered into and are subsequently
remeasured at fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
derivative instruments are recognised as assets when their fair value is positive, and as liabilities when their fair value is
negative. Any change in the fair value of derivative instruments is included in the income statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group has not applied hedge accounting in these consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.10.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Repo
                                         Transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Reverse
Repo Transactions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">According
to the derecognition principles set out in IFRS 9, these transactions are treated as secured loans since the risk has not been
transferred to the counterparty. Loans granted in the form of reverse repo agreements are accounted for under &ldquo;Repo Transactions&rdquo;,
classified by counterparty and also by the type of assets received as collateral. At the end of each month, accrued interest income
is charged under &ldquo;Repo Transactions&rdquo; with its corresponding offsetting entry in &ldquo;Interest Income.&rdquo; The
assets received and sold by the Group are derecognized at the end of the repo transaction, and an in-kind liability is recorded
to reflect the obligation to deliver the security disposed of.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Repo
Transactions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Loans
granted in the form of repo transactions are accounted for under &ldquo;Repo Transactions&rdquo;, classified by counterparty and
also by the type of asset pledged as collateral. In these transactions, when the recipient of the underlying asset becomes entitled
to sell it or pledge it as collateral, it is reclassified to &ldquo;Financial assets pledged as collateral&rdquo;. At the end
of each month, these assets are measured according to the category they had before they were subject to the repo transaction,
and results are charged against the applicable accounts, depending on the type of asset. At the end of each month, accrued interest
expense is charged under &ldquo;Repo Transactions&rdquo; with its corresponding offsetting entry in &ldquo;Interest-Expenses&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 389 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Impairment
                                         of financial assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group assesses on a forward-looking basis the expected credit losses (&ldquo;ECL&rdquo;) associated to its financial assets measured
at amortized cost, debt instruments measured at fair value through other comprehensive income, loan commitments and financial
guarantee contracts that are not measured at fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the
impairment arises. In the event of occurrence, the recoveries of previously recognized impairment losses are recorded in the consolidated
income statement for the period in which the impairment no longer exists or is reduced.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the case of assets measured at fair value through other comprehensive income, the changes in the fair value due to expected credit
losses are charged in the consolidated income statement of the year where the change happened, other movements in the fair value
of the instrument are reflected in other comprehensive income.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected
cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets,
this difference is discounted using the effective interest rate adjusted by credit rating.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Depending
on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be
over 12 months or during the life of the financial instrument:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">12-month
                                         expected credit losses: arising from the potential default events, as defined in the
                                         following sections that are estimated to be likely to occur within the 12 months following
                                         the reporting date. These losses will be associated with financial assets classified
                                         in Stage 1.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lifetime
                                         Expected credit losses are those arising from the potential default events that are likely
                                         to occur throughout the life of the financial instruments. These losses are associated
                                         with financial assets classified in Stage 2 or Stage 3.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
the purpose of estimating the expected life of the financial instrument all the contractual terms are taken into account (e.g.
duration, purchase options, etc.), for most financial instruments the contractual period (including extension options) is the
maximum period considered to measure expected credit losses. In the case of revolving credit facilities (e.g.: credit cards),
the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit
risk, taking into account the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally
cancel such financial instruments, etc.).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.1</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial
                                         instruments presentation</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
the purposes of estimating ECL, and in accordance with its internal policies, the Group classifies its financial instruments (financial
assets, loan commitments and guarantees) measured at amortized cost or fair value through other comprehensive income in one of
the following categories:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Normal
                                         Risk (&quot;Stage 1&quot;): includes all instruments that have not experienced a significant
                                         increase in credit risk since initial recognition and is not purchased or originated
                                         credit impaired.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Normal
                                         risk under watchlist (&quot;Stage 2&quot;): includes all instruments that, have experienced
                                         significant increases in credit risk since initial recognition but are not yet deemed
                                         credit-impaired.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Doubtful
                                         Risk (&ldquo;Stage 3&quot;): includes financial instruments, overdue or not, which are
                                         considered to be credit impaired. Likewise, loan commitmennts or financial guarantees
                                         whose payment is probable and their recovery doubtful are considered to be in Stage 3.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 390 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following chart summarizes the impairment requirements pursuant to IFRS 9 (for financial assets that are not purchased or originated
credit-impaired):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; font-weight: bold; text-align: center">Changes in the credit quality since initial recognition</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center; border-left: Black 1pt solid">Stage 1</TD>
    <TD STYLE="border-right: Black 1pt solid; width: 50%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Stage 2</TD>
    <TD STYLE="border-right: Black 1pt solid; width: 25%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Stage 3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; border-left: Black 1pt solid">(initial recognition)</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid">(significant increase of credit risk since initial recognition)</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid">(Impaired credit)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; border-left: Black 1pt solid">12 months ECL</TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Lifetime ECL</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following describes the Group&acute;s judgements and assumptions for ECL measurement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.2</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Significant
                                         increase in credit risk </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group considers a financial instrument to have experienced a significant increase in credit risk when any of the following conditions
exist:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Personal
and Business Banking </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Portfolios
                                         between 31 and 90 days past due </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         credit origination score has deteriorated by more than 30% with respect to the current
                                         performance score</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Score
                                         of behavior less than cut off (1)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Loans
                                         and credit cards refinanced under Decree No. 260/2020 Coronavirus (COVID-19) (see Note
                                         34) that were impaired at the time of refinancing. Or, loans that were not impaired at
                                         the time of refinancing, but deferred more than 5 installments.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Entrepreneurs
                                         portfolio affected by the Sectorial Analysis (explained below).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>(1)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Renta
Higher income :</I></B><I> Segment plan sueldo (payrroll customers) &gt;=400, Segment Open Market &gt;=700 y Segment Senior Citizens
 &gt;=610</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Rest:
</I></B><I>Segment plan sueldo (payrroll customers) &gt;=500, Segment Open Market &gt;=700 y Segmento Senior Citizens &gt;=610</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Corporate
Banking </B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Portfolios
                                         between 31 and 90 days past due </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Maximum
                                         Argentine Central Bank a situation equal to 2</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Credit
                                         Ratings C (Probability of default higher than 30%)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Its
                                         rating deteriorated by more than two notes from its credit approval rating.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Entrepreneurs
                                         portfolio affected by the Sectorial Analysis (explained below).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer
Finance: </B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Portfolios
                                         between 31 and 90 days past due.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Entrepreneurs
                                         portfolio affected by the Sectorial Analysis (explained below).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Sectoral
Analysis &ndash; Covid-19 Risk</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
virtue of the fact that internal impairment models do not reflect properly Covid-19 impact on the local and global industries
situation (See Note 13) as historical information is utilized, a sectoral analysis has been included as additional definition
of the significant risk increase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
such analysis, companies&rsquo; default risk is evaluated according to the type of industry and the impact such companies have
suffered in face of the current economic situation, while taking into account their features, seasonal nature, etc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Finally,
the different industries are classified into four types of risk. They are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Low
                                         risk</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Medium
                                         risk</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">High
                                         risk</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Very
                                         high risk</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

<!-- Field: Page; Sequence: 391 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
additional definition of a significant increase in credit risk has been applied for the SME and E&amp;P segments, for the very
high and high risk activities (only for the Single Firm portfolio):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: Black 1pt solid; width: 51%; font-weight: bold; text-align: center; padding-left: 3.5pt">Very high risk</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 49%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding-left: 3.5pt; border-right: Black 1pt solid">High risk</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Construction</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid">Machinery &amp; equipment</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Tourism &amp; Gastronomy</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid">Iron and steel industry</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Real estate</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid">Home appliances</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Entertainmet</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid">Sports</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Passenger transport</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid">Textile</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Professional services</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-bottom: 1pt; padding-left: 3.5pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group has considered that non collaterallized facilities of clients within the high risk activities are considered to have experienced
a significant increase in credit risk, whereas all facilities of clients within the very high risk activities are considered to
have experienced a significant increase of credit risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
impairment model in IFRS 9 applies to financial assets measured at amortized cost, debt instruments at fair value through other
comprehensive income, lease receivables and loan commitments and financial guarantees that are not measured at fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.3</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Individual
                                         and collective evaluation basis </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Expected
losses are estimated both in a collective and individual basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&acute;s individual estimation is aimed at calculating expected losses for significantly impaired loans. In these cases,
the amount of credit losses is calculated as the difference between expected cash flows discounted at the effective interest rate
of the operation and the carrying value of the instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
expected credit loss provisions modelled on a collective basis, the Group has developed internal models. The grouping of exposures
is performed on the basis of shared characteristics, such that risk exposures within group are homogeneous. In performing the
grouping there must be sufficient information for the group to be statistically reliable .</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group has identified three groupings: Personal and Business Banking, Corporate Banking and Consumer Finance, amongst these three
segments the Group estimates parameters in a more granular way based on the shared risk characteristics</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Credit
risk features may consider the following factors, among others:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: Black 1pt solid; width: 23%; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Group</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; width: 27%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Parameter</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt; width: 50%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Grouping</B></FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="11" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">Personal and Business Banking</FONT></TD>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Probability of Default</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(PD)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Personal loans (</FONT><FONT STYLE="font-size: 8pt">1</FONT><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Credit card loans (</FONT><FONT STYLE="font-size: 8pt">1</FONT><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Mortgage loans </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Refinancing</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Other financings</FONT></TD></TR>
<TR>
    <TD ROWSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Loss Given Default</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(LGD)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Personal loans</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Credit card loans</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Overdrafts</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Mortgage loans </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Refinancing</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Other financings</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">Corporate Banking</FONT></TD>
    <TD ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Probability of Default</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">(PD) (</FONT><FONT STYLE="font-size: 8pt">2</FONT><FONT STYLE="font-size: 10pt">)</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Small companies</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Medium companies</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Big companies</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Financial Area</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5pt"><FONT STYLE="font-size: 10pt">Secured loans</FONT></TD></TR>
</TABLE>



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 392 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; width: 23%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Group</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 27%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Parameter</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; padding-left: 5pt; vertical-align: bottom; width: 50%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Grouping</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Unsecured loans</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="10" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Consumer Finance</FONT></TD>
    <TD NOWRAP ROWSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Probability of Default</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Credit cards loans</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Refinancing</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Cash loans</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Cash consumptions and directed loans</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">CCF Automobile Loans </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Tarjeta Automatica Personal loans</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Loss Given Default</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Credit cards</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Personal loans</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Refinancing</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; padding-left: 5pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">CCF Automobile Loans</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
credit cards and personal loans, the Group includes an additional layer of analysis: senior citizens, high income, open market,
high income payroll, non- high income open market, non-high income payroll, Personal and Business Banking, former senior cityzens and
former payroll</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(2)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Probability
                                         of default within Corporate Banking is calculated by grouping clients based on the client
                                         size for Stage 1 facilities. For Stage 2 and Stage 3, Probability of default is calculated
                                         including all segments of Corporate Banking due to the lack of materiality to form a
                                         larger group.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
credit risk characteristics used to group the instruments are, among others: type of instrument, debtor&rsquo;s sector of activity,
geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future
cash flows.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Grouping
of financial instruments is monitored and reviewed on a regular basis by the Credit Risk and Stress Test Area.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.4</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Definition
of default and impaired credit</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group considers that a financial instrument is in default when such instrument entails one or more of the following criteria:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Personal
and Business Banking</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         instruments delinquent more than 90 days past due.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Corporate
Banking </B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         instruments delinquent more than 90 days in past due.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         instruments with B.C.R.A. situation greater than or equal to 3.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Rating
                                         C or D.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer
Finance</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
                                         instruments more than 90 days past due.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
criteria are applied in a consistent manner to all financial instruments and are aligned with the internal definition of defaultused
for the administration of credit risk. Likewise, such definition is consistently applied to define PD (&ldquo;Probability of Default&rdquo;),
Exposure at Default (&ldquo;EAD&rdquo;) and Loss Given Default (&ldquo;LGD&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.5</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Measurement
of Expected Credit Loss &ndash; Explanation of inputs, assumptions and calculation techniques</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ECL
is measured on a 12-month or lifetime basis, depending on whether a significant increase in credit risk has been recorded since
initial recognition or whether an asset is considered to be credit-impaired. ECL are the discounted product of the Probability
of Default (&ldquo;PD&rdquo;), Exposure at default (&ldquo;EAD&rdquo;) and Loss Given Default (&ldquo;LGD&rdquo;), defined as
follows::</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         PD represents the likelihood of a borrower defaulting on its financial obligation (pursuant
                                         to the &ldquo;Definition of default and credit impaired&rdquo; set forth in Note 1.11.4),
                                         either over the next 12 months or over the remaining lifetime (lifetime PD) of the obligation.
                                         </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 393 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">EAD
                                         is based on the amounts the Group expects to be owed at the time of default, over the
                                         next 12 months (12 months EAD) or the remaining lifetime (lifetime EAD). For example,
                                         for a revolving commitment, the Group includes the current drawn balance plus any further
                                         amount that is expected to be drawn up to the current contractual limit by the time of
                                         default, should it occur. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LGD
                                         represents the Group&acute;s expectation of the extent of loss on a defaulted exposure.
                                         </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LGD
                                         varies by type of counterparty, seniority of claim, availability of collateral or other
                                         type of credit support. LGD is expressed as a percentage per unit of exposure at the
                                         time of default LGD is calculated on a 12-month or lifetime basis, where 12 month LGD
                                         is the percentage of loss expected to be made if the default occurs in the next 12 months
                                         and lifetime LGD is the percentage of loss expected to be made if the default occurs
                                         over the remaining expected lifetime of the loan.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ECL
is determined by projecting PD, LGD and EAD for each future month and each individual exposure or collective segment. These three
components are multiplied and adjusted for the likelihood of survival (that is, the exposure has not been prepaid or defaulted
in an earlier month). This effectively calculates an ECL for each future month, which is then discounted back to the reporting
date and summed. The discount rate used inthe ECL calculation is the original effective interest rate or an approximation thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Entity based its calculation of the ECL parameters on internal modelsthat were adapted in order to be compliant with IFRS 9.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group includes forward-looking information in its definition of PD, EAD and LGD. See Note 1.11.6 for the explanation of forward-looking
information and its consideration in the calculation of ECL.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.11.6</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Forward-looking
information considered in expected credit loss models</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
evaluation of significant increase in credit risk and the calculation of ECL includes forward-looking information. The Group has
performed historical analysis and identified key economic variables that impact credit risk and expected credit losses for each
portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Forecasts
of these economic variables (&ldquo;base economic scenario&rdquo;) are provided on a six-month basis by the Research team of the
Group and provide the best estimate view of the economy over the the next 12 months. The impact of these economic variables on
PD and LGD has been determined by performing statistical regression analysis to understand the impact changes in these variables
have had historically on default rates and LGD components.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
addition to the base economic scenario, the Research team of the Group also provides two potential scenarios together with scenario
weightings. The number of other scenarios is set based on the analysis of each major product type to ensure non linearities are
captured.. The number of scenarios and their attributes are reassessed on a six-month basis, unless a change in the macroeconomic
scenes requires a sooner reassessment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of January 1, 2020 and as of December 31, 2020, as for its portfolios, the Group concluded that three scenarios have properly
captured non-linearities. Scenario weightings are determined by a combination of statistical analysis andexpert judgement analysis,
taking into account a range of possible outcomes each chosen scenario is representative of. The assessment of significant increases
in credit risk is performed using lifetime PD under each of the base and the other scenarios, multiplied by the associated scenario
weighting, along with qualitative and backstop indicators (See Note 1.11.2). This determines if the financial instrument is in
Stage 1, Stage 2 or Stage 3 and, hence, whether 12-month or Lifetime ECL should be recorded. As with any economic forecast, projections
and probabilities of occurrence are subject to a high degree of uncertainty, and therefore actual results may be significantly
different to those projected. The Group considers these forecasts to represent its best estimate of the possible outcomes and
has analyzed the non-linearities and asymmetries within the different portfolios of the Group to establish that the chosen scenarios
are appropriately representative of the range of possible scenarios.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 394 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
most significant assumptions used to calculate ECL as of December 31, 2020 are as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Parameter</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Industry
    / Segment</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Macroeconomic
    Indicator</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Scenario
    1</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Scenario
    2</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Scenario
    3</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="12" STYLE="border-right: Black 1pt solid; width: 12%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Probability
    of Default</FONT></TD>
    <TD ROWSPAN="6" STYLE="border-right: Black 1pt solid; width: 12%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Personal
    and Business Banking</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; width: 16%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Open
    Market</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 30%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Inflation
    Rate</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">46,8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">41,3%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">52,4%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45,6%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Income
    Payroll</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Quantity
    of Private Sector Employment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5924</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5928</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5921</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Real Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10,2%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4,5)%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Senior
    Citizens</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Inflation
    Rate</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">46,8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">41,3%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">52,4%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Monthly
    Economic Activity Estimator</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">138</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">140</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">136</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Corporate Banking</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Interest
    Rate</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4,6)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3,8)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(5,5)%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Monthly
    Economic Activity Estimator</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">138</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">140</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">136</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consumer
    Finance</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CCF
    </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45,6%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Monthly
    Economic Activity Estimator</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">138</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">140</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">136</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CCF
    &nbsp;Automobile secured</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45,6%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Inflation
    Rate</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">46,8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">41,3%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">52,4%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Loss
    Given Default</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Supervielle
    Bank</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45,6%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consumer
    Finance</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CCF
    </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45,6%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CCF
    &nbsp;Automobile secured</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Loans</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">64,1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">70,5%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">57,7%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private
    Sector Wage</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55,7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45,6%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are weightings assigned to each scenario as of December 31, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 77%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Scenario 1</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">80</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Scenario 2</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Scenario 3</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Sensitivity
analysis </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
chart below includes changes in ECL as of December 31, 2020 that would result from reasonably potential changes in the following
parameters:&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 77%; text-align: left; padding-bottom: 1pt">Reported ECL Allowance</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">8,424,714</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Gross carrying amount</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,819,900</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Reported Loss rate</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.40</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">ECL amount by scenarios</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Favorable scenario</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,927,295</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unfavorable scenario</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,142,498</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Loss Rate by scenarios</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Favorable scenario</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.09</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unfavorable scenario</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.15</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 395 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.12.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Leases
                                         </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
group as lessor:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Operating
leases</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Leases
where the lessor retains a substantial portion of the risks and rewards of ownership are classified as operating leases. Payments
made under operating leases (net of lease incentives) are recognized in profit or loss on a straight-line basis over the term
of the lease. In addition, the Group recognizes the associated costs such as amortization and expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
historical cost includes expenditures that are directly attributable to the acquisition of these items and those expenses are
charged to profit or loss during the lease term.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
depreciation applied to the leased underlying assets is consistent with the one applied to similar assets&rsquo; group. In addition,
the Group utilizes the criteria described in Note 1.18 to determine whether there is objective evidence that an impairment loss
has occurred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Finance
leases</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Finance
leases are measured at the present value of the future lease payments using a discount rate determined at inception.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
difference between the gross receivable and the present value represents unearned financial income and is recognized during the
lease term using the net investment method, which reflects a constant periodic rate of return.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incremental
costs directly attributable to negotiating and arranging the lease are included in the initial measurement of the lease and reduce
the amount of income recognized during the lease term.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group utilizes the criteria described in Note 1.11 to determine whether there is objective evidence that an impairment loss has
occurred, as for loans carried at amortized cost.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
group as lessee:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accounting
policy for leases in which the Group acts as a lessee is disclosed in Note 7.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.13.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Property,
                                         plant and equipment </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Property,
plant and equipment is measured at historical cost less depreciation, except for land and buildings, where the Group adopted the
revaluation model. The historical cost includes expenditure that is directly attributable to the acquisition or building of these
items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
subsequent costs are included in the asset&rsquo;s carrying amount or recognized as a separate asset, as appropriate, only when
it is probable that future economic benefits associated with the item will flow to the Group, and the cost of the item can be
measured reliably. The carrying amount of an asset is derecognized when replaced.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Repairs
and maintenance expenses are charged to profit or loss when they are incurred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Depreciation
is calculated using the straight-line method, applying annual rates sufficient to extinguish the values of assets at the end of
their estimated useful lives. In those cases in which an asset includes significant components with different useful lives, such
components are recognized and depreciated as separate items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following chart presents the useful life for each item included in property, plant and equipment:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border: Black 1pt solid; padding-left: 5pt; width: 71%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Property,
    plant and equipment </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 29%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Estimated
    useful <BR>
life</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Buildings</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">50
    Years</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Furniture
    &nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10
    Years</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Machines
    and equipment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5
    Years</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Vehicles</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5
    Years</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Others</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5
    Years</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 396 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
asset&rsquo;s residual values and useful lives are reviewed and adjusted if appropriate, at the end of each reporting period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An
asset&rsquo;s carrying amount is written down immediately to its recoverable amount if the asset&rsquo;s carrying amount is greater
than its estimated recoverable amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Increases
in the carrying amounts arising on revaluation of land and buildings are recognized in other comprehensive income. Decreases that
reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the remaining
surplus attributable to the asset. All other decreases are charged to profit or loss.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gains
and losses on disposals are determined by comparing proceeds with carrying amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.14.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Investment
                                         properties</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Investment
properties are composed of buildings held for obtaining a rent or for capital appreciation or both, but is never occupied by the
Group.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Investment
properties are measured at its fair value, and any gain or loss arising from a change in the fair value is recognized in profit
or loss. Investment properties are never depreciated. The fair value is determined using sales comparison approach prepared by
the Group&rsquo;s management considering a report of an independent valuation expert.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Investment
properties under the cost approach reflect the amount that would be required to replace the service capacity of the asset. They
were valued at acquisition or construction cost, net of accumulated depreciation and / or accumulated depreciation losses. The
cost includes expenses that are directly attributable to the acquisition or construction of these items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Movements
in investment properties for the year ended December 31, 2020 and 2019 were as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 75%; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font-weight: bold; text-align: center; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2020</B></FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; font-weight: bold; text-align: center">13/31/2019</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Income derived from rents (rents charged)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,719</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">14,998</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Direct operating expenses of properties that generated income derived from rents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,637</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(13,168</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Fair value remeasurement</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(92,457</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(173,076</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
net result generated by the investment property as of December 31, 2020 and 2019 amounts to a loss of 89,375 and an income of
171,246 respectively, and is recognized under &quot;Other operating income&quot;, &quot;Administrative expenses&quot; and &quot;Other
operating expenses&quot;. in the consolidated comprehensive income statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gain
and losses on disposals are determined by comparing proceeds with the carrying amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.15.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Inventories</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Inventories
are valued at the lower of cost and net realizable value. Cost includes the acquisition costs (net of discounts, rebates and similar),
as well as other costs that have been incurred to bring the inventories to their current location and conditions to be commercialized.
The net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of sale.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
inventories&rsquo; net realizable values are reviewed and adjusted if carrying amount is greater than its net realizable value
at the end of each reporting period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group establishes an allowance for obsolete inventory and low turnover rate products at the end of each year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 397 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.16.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Intangible
                                         Assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Goodwill</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill
resulting from the acquisition of subsidiaries, associates or joint ventures account for the excess of the:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #00B050"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">i)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">consideration
                                         transferred, valued at fair value as of acquisition date</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ii)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">amount
                                         of any non-controlling interest in the acquired entity; and </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">iii)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">acquisition-date
                                         fair value of any previous equity interest in the acquired entity</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">iv)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">over
                                         the fair value of the net identifiable assets acquired.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-align: justify; text-indent: -24.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill
is included in the intangible assets item in the consolidated financial statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill
is not subject to amortization, but it is annually tested for impairment. Impairment losses are not reverted once recorded. Gains
and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill
is allocated to cash-generating units for the purpose of impairment testing. Goodwill impairment is recognized when the carrying
amount exceeds its recoverable amount which derives from the fair value of the cash-generating unit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
fair value of the reporting unit is estimated using discounted cash flows techniques.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Trademarks
and licenses</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Trademarks
and licenses acquired separately are initially valued at historical cost, while those acquired through a business combination
are recognized at their estimated fair value at the acquisition date..</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intangible
assets with a finite useful life are subsequently carried at cost less accumulated depreciation and / impairment losses, if any.
These assets are tested for impairment annually or more frequently if events or changes in circumstances indicate that it might
be impaired.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Trademarks
acquired by the Group have been classified as intangible assets with an indefinite useful life. The main factors considered for
this classification include the years in which they have been in service and their recognition among industry customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intangible
assets with an indefinite useful life are those that arise from contracts or other legal rights that can be renewed without a
significant cost and for which, based on an analysis of all the relevant factors, there is no foreseeable limit of the period
over which the asset is expected to generate net cash flows for the Group. These intangible assets are not amortized, but are
tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired,
either individually or at the level of the cash generating unit. The categorization of the indefinite useful life is reviewed
annually to confirm if it is still applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Software</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Costs
related to software maintenance are recognized as an expense as incurred. Development, acquisition or implementation costs which
are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognized
as intangible assets when the following criteria are met:.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">it
is technically feasible to complete the software so that it will be available for use</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">management
intends to complete the software and use or sell it</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">there
is an ability to use or sell the software</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">it
can be demonstrated how the software will generate probable future economic benefits</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">adequate
technical, financial and other resources to complete the development and to use or sell the software are available, and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
expenditure attributable to the software during its development can be reliably measured.</FONT></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
intangible assets are amortized on a straight-line basis during their estimated useful life, over a term not exceeding five years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 398 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.17.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Assets
                                         held for sale</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
assets, or groups of assets, with some directly associated liabilities, classified as held for sale in accordance with the provisions
of IFRS 5 &quot;Non-current assets held for sale and discontinued operations&quot; will be disclosed separately from the rest
of assets and liabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An
asset may be classified as held for sale if its carrying amount will be recovered primarily through a sale transaction, rather
than through its continued use, and a sale is considered highly probable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
apply the above classification, an asset must meet the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">It
                                         must be available for immediate sale in its current conditions;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Management
                                         must be committed to a plan to sell the asset and have started an active program to locate
                                         a buyer and complete the plan; the
asset must be actively marketed for sale at a reasonable price, in relation to its current fair value;</FONT></TD></TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         sale must be expected to be completed within 12 months from the reclassification date;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">it
                                         is unlikely that the plan will be significantly changed or withdrawn.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
assets, or groups of assets, possibly with some directly associated liabilities, classified as held for sale in accordance with
the provisions of IFRS 5 &quot;Non-current assets held for sale and discontinued operations&quot;, are measured at the lower of
their carrying amount and fair value less costs to sell.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group will not depreciate the asset while classified as held for sale.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
balances of financial instruments, deferred taxes and investment properties classified as held for sale are not subject to the
valuation methods detailed above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.18.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Impairment
                                         of non-financial assets </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Assets
with an indefinite useful life are not subject to amortization but are tested annually for impairment or more frequently if events
or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes
in circumstances indicate that the carrying amount may not be recoverable or, at least, on an annual basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Impairment
losses are recognized when the carrying amount exceeds its recoverable amount. The recoverable amount of an asset is the higher
of an asset&rsquo;s fair value less costs of disposal and value in use. For purposes of assessing impairment, assets are grouped
at the lowest level for which there are separately identifiable cash inflows which are largely independent of the cash inflows
from other assets or group of assets (cash-generating units). Non-financial assets other than goodwill that suffered an impairment
are reviewed for possible reversal of the impairment at the end of each reporting period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.19.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Trust
                                         Assets </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Assets
held by the Group in its Trustee role, are not included in the Consolidated Financial Statements. Commissions and fees earned
from trust activities are included in Service fee income.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.20.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Offsetting
                                         </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets and liabilities are offset and the net amount reported in the consolidated financial statement where the Group has a legally
enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the assets and
settle the liability simultaneously.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.21.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financing
                                         received from the Argentine Central Bank and other Financial Institutions </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amounts owed to other financial institutions are recorded at the time the bank disburses the proceeds to the Group. Non-derivative
financial liabilities are measured at amortized cost.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 399 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.22.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Provisions
                                         / Contingencies</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
provision will be recognized when:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">an
                                         entity has a present obligation (legal or implicit) as a result of past event; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">it
                                         is probable that an outflow of resources embodying future economic benefits will be required
                                         to settle the obligation; and </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         amount can be reliably estimated.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An
Entity will be deemed to have an implicit obligation where (a) the Group has assumed certain responsibilities as a consequence
of past practices or public policies and (b) as a result, the Group has created an expectation that it will discharge those responsibilities</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group recognizes the following provisions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
labor, civil and commercial lawsuits: provisions are calculated based on lawyers&rsquo; reports about the status of the proceedings
and the estimate about the potential losses to be afforded by the Group, as well as on the basis of past experience in this type
of claims.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
miscellaneous risks: These provisions are set up to address contingencies that may trigger obligations for the Group. In estimating
the provision amounts, the Group evaluates the likelihood of occurrence taking into consideration the opinion of its legal and
professional advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other
contingent liabilities are: i) possible obligations that arise from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of uncertain future events not wholly within the control of the Group; or ii) present obligations
that arise from past events but it is not probable that an outflow of resources will be required to its settlement; or whose amount
cannot be measured with sufficient reliability.<BR>
<BR>
Other contingent liabilities are not recognized. Contingent liabilities, whose possibility of any outflow in settlement is remote,
are not disclosed unless they involve guarantees, in which case the nature of the guarantee is disclosed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group does not account for positive contingencies, other than those arising from deferred taxes and those contingencies whose
occurrence is virtually certain.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of the date of these consolidated financial statements, the Group&rsquo;s management believes there are no elements leading to determine
the existence of contingencies that might be materialized and have a negative impact on these consolidated financial statements
other than those disclosed in Note 17.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.23.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Other
                                         non-financial liabilities </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-financial
accounts payable are accrued when the counterparty has fulfilled its contractual obligations and are measured at amortized cost.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.24.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Employee
                                         benefits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s short-term obligations includes liabilities for wages and salaries, including annual leave, that are expected to
be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised
in respect of employees&rsquo; services up to the end of the reporting period and are measured at the amounts expected to be paid
when the liabilities are settled. The liabilities are presented as Other Non-Financial Liabilities in the Consolidated Financial
Position.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">During
2018, the Group had in place a retirement plan based on incentives for members of senior management and the Board of Directors,
who will be entitled to receive cash payments over time if certain performance objectives are met. This retirement plan was ceased
in 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 400 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
addition, provisions related to pre-retirement plans and seniority awards benefits are recognized. Liabilities related to this
plan are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related
service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period, using the projected unit credit method. Consideration is given to
expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are
discounted using market yields at the end of the reporting period of high-quality corporate bonds with terms and currencies that
match, as closely as possible, the estimated future cash outflows. Remeasurements as a result of experience adjustments and changes
in actuarial assumptions are recognised in profit or loss.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
provisions are measured at the present value of the disbursements that are expected to be required to settle the obligation using
a pre-tax interest rate that reflects prevailing market conditions the time value of money and the specific risks for that obligation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Termination
benefits are payable when employment is terminated by the Group before the normal retirement date, or when an employee accepts
voluntary redundancy in exchange for these benefits. The group recognises termination benefits at the earlier of the following
dates: (a) when the group can no longer withdraw the offer of those benefits; and (b) when the entity recognises costs for a restructuring
that is within the scope of IAS 37 and involves the payment of terminations benefits. In the case of an offer made to encourage
voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Benefits
falling due more than 12 months after the end of the reporting period are discounted to present value</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.25.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Debt
                                         Securities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Subordinated
and unsubordinated Debt Securitiesissued by the Group are measured at amortized cost. Where the group buys back its own negotiable
obligations, such obligations will be derecognized from the Consolidated Financial Statements and the difference between the residual
value of the financial liability and the amount paid will be recognized as financial income or expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.26.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Assets
                                         and liabilities derived from insurance contracts</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group applies IFRS 4 &ldquo;Insurance Contracts&rdquo; in order to recognize and measure the assets and liabilities derived from
insurance contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Assets
derived from insurance contracts</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An
insurance contract is a contract under which the Group (the insurer) accepts significant insurance risk from another party (the
policyholder) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event) adversely affects
the policyholder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Once
a contract has been classified as an insurance contract, it remains an insurance contract for the rest of its term, even if the
insurance risk is significantly reduced during this period, unless all rights and obligations are extinguished or expired.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
insurance contracts offered by the Group include property insurance that covers combined family insurance, theft and similar risks,
property damage, personal accidents, among other risks. They also include temporary life insurance contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total
premiums are recognized on the date of issuance of the policy as an account receivable. At the same time, a reserve for unearned
premiums representing premiums for risks that have not yet expired is recorded as a liability. Unearned premiums are recognized
as income during the contract period, which is also the coverage and risk period. The book value of insurance accounts receivable
is reviewed for impairment whenever events or circumstances indicate that the book value may not be recoverable. The impairment
loss is recorded in the income statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 401 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Liabilities
derived from insurance contracts</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Debt
with insured</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
insurance claims reserves represent debts with insured people for claims reported to the company and an estimate of the claims
that have already been incurred but that have not yet been reported to the company (IBNR). The reported claims are adjusted on
the basis of technical reports received from independent appraisers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Debts
with reinsurers and co-insurers</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group mitigates the risk for some of its insurance businesses through co-insurance or reinsurance contracts in other companies.
In the case of co-insurance, the Group associates with another company to cover a risk assuming only a percentage of it and also
the premium. In reinsurance, the risk is transferred to another insurance company both proportionally (as a percentage of the
risk) and not proportionally (excess loss is covered above a certain limit). The reinsurance agreements assigned do not exempt
the Group from its obligations to the insured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Coinsurance
and reinsurance liabilities represent balances owed under the same conditions and the amounts payable are estimated in a manner
consistent with the contract that gave rise to them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Debts
with producers</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">They
represent liabilities with insurance agents originated in the commissions for the insurance operations that they originate for
the Group companies. The balances of the current accounts with these entities are also included.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Technical
commitments</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
current risk reserve regularizes the premiums to be collected based on the incurred but not reported risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.27.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Capital
                                         Stock and Capital Adjustments </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accounts
included in this item are expressed in terms of the measuring unit current as of December 31, 2020 as described in Note 1.1.2,
except from the item &ldquo;Capital Stock&rdquo;, which has been held at nominal value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common
shares are recognized in shareholders&acute; equity and carried at nominal value. When any subsidiary of the Group buys shares
of the Group (treasury stock), the effective payment, including any cost directly attributable to the transaction (net of taxes),
is deducted from shareholders&acute; equity until the shares are either canceled or disposed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.28.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Reserves
                                         and Dividend distribution </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to provisions set by the Argentine Corporations law, the Group and its subsidiaries, other than Banco Supervielle and Cordial
Compa&ntilde;&iacute;a Financiera, are required to appropriate 5% of the net income for the fiscal year to the legal reserve until
such reserve is equal to 20% of Capital stock, plus the balance of the Capital Adjustment account.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
concerns Banco Supervielle and Cordial Compa&ntilde;&iacute;a Financiera, according to the regulations set forth by the Argentine
Central Bank, 20% of net income for the fiscal year, net of previous years&rsquo; adjustments, if any, is required to be appropriated
to the legal reserve. Notwithstanding the aforementioned, in appropriating amounts to other reserves, Financial Institutions are
required to comply with the provisions laid down by the Argentine Central Bank in the revised text on distribution of dividends
described in Note 25.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
distribution of dividends to the Group&rsquo;s shareholders is recognized as a liability in the consolidated financial statements
for the fiscal year in which dividends are approved by the Group&rsquo;s Shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 402 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.29.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Revenue
                                         Recognition </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
income and expense is recognized in respect of all debt instruments in accordance with the effective interest rate method, pursuant
to which all gains and losses which are an integral part of the transaction effective interest rate are deferred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Gains
or losses included in the effective interest rate embrace disbursements or receipts relating to the creation or acquisition of
a financial asset or liability, such as preparation and processing of the documents required to consummate the transactions, and
payments received for the extension of credit arrangements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fees
and commissions earned by the Group on the origination of syndicated loans are not part of the product effective interest rate,
and are recognized in the income statement at the time the service is delivered. Commissions and fees earned by the Group on negotiations
in third parties&rsquo; transactions are not part of the effective interest rate either, and are recognized at the time the transactions
are executed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s income from services is recognized in the income statement as performance obligations are fulfilled, part of the
consideration received is allocated to the customer loyalty programs described below. Consideration is allocated based on the
relative standalone selling prices for services rendered and points granted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Below
is a summary of the main commissions earned by the Bank:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-left: 5pt; width: 51%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Commission</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-left: 5pt; width: 49%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Frecuency
    of revenue recognition</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Account
    maintenance </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Monthly</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Safe
    deposit boxes </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Semi-annual</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuing
    Bank</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Event
    driven</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Credit
    Card renewal</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Annual</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check
    management</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Event
    driven</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Customer
loyalty programs</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group offers reward programs that allow its cardholders to earn points that can be redeemed for a broad range of rewards, including
goods and travels among others. This constitutes a performance obligation. The Group establishes a liability based on the fair
value of the points issued that are expected to be exchanged by customers. Points to be redeemed are estimated based on the historical
redemption behavior of each program. The liability is reduced and the revenue is recognized as performance obligations relating
to the points are satisfied, which normally is when the points are exchanged by customers or at their due dates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.30.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Income
tax</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Income
Tax </B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Income
tax expense for the year includes current and deferred tax. Income tax is recognized in the consolidated statements of income,
except for items required to be recognized directly in other comprehensive income. In this case, the income tax liability related
to such items is also recognized in such statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Current
income tax expense is calculated on the basis of the tax laws enacted or substantially enacted as of the date of the Statement
of Financial Position in the countries where the Company and its subsidiaries operate and generate taxable income. The Group periodically
assesses the position assumed in tax returns in connection with circumstances in which the tax regulation is subject to interpretation.
The Group sets up provisions in respect of the amounts expected to be required to pay to the tax authorities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Deferred
income tax is recognized, using the deferred tax liability method, on temporary differences arising from the carrying amount of
assets and liabilities and their tax base. However, the deferred tax arising from the initial recognition of an asset or liability
in a transaction other than a business combination which, at the time of the transaction does not affect income or loss for accounting
or tax purposes, is not recorded. Deferred income tax is determined using tax rates (and laws) enacted as of the date of the Financial
Statements and that are expected to be applicable when the deferred tax assets are realized or the deferred tax liabilities are
settled.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 403 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>GRUPO SUPERVIELLE
S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-indent: -7.1pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Deferred
income tax assets are recognized only to the extent future tax benefits are likely to arise against which the temporary differences
can be offset.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group recognizes a deferred tax liability for taxable temporary differences related to investments in subsidiaries and affiliates,
except that the following two conditions are met:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 21.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         Group controls the timing on which temporary differences will be reversed; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 21.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">such
                                         temporary differences are not likely to be reversed in the foreseeable future.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -17.45pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Deferred
income tax assets and liabilities are offset when a legal right exists to offset current tax assets against current tax liabilities
and to the extent such balances are related to the same tax authority of the Group or its subsidiaries, where tax balances are
intended to be, and may be, settled on a net basis..</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>1.31.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Earnings
per share</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Basic
earnings per share are calculated by dividing net income attributable to the Group&rsquo;s shareholders by the weighted average
number of&nbsp;common shares&nbsp;outstanding during the year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Diluted
earnings per share are calculated by dividing the net income for the year by the weighted average number of common shares issued
and dilutive potential common shares at year end. Since the Company has no dilutive potential common shares outstanding, there
are no dilutive earnings per share amounts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2.
CRITICAL ACCOUNTING POLICIES AND ESTIMATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
preparation of these Consolidated Financial Statements in accordance with IFRS requires the use of certain critical accounting
estimates. It also requires Senior Management to make judgements in applying the accounting standards to define the Group&rsquo;s
accounting policies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group has identified the following areas which involve a higher degree of judgement or complexity, or areas where assumptions
and estimates are material for these Consolidated Financial Statements which are essential to understand the underlying accounting/financial
reporting risks:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>a-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Fair
value of derivatives and other instruments</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
fair value of financial instruments not listed in active markets is determined using valuation techniques. Such techniques are
validated and reviewed periodically by qualified personnel independent from the area which developed them. All models are assessed
and adjusted before being put into use in order to ensure that results reflect current information and comparable market prices.
As long as possible, models rely on observable inputs only; however, certain factors such as as implicit rates in the last available
tender for similar securities and spot rate curves, require the use of estimates. Changes in the assumptions of these factors
may affect the reported fair value of financial instruments. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>b-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Allowances
for loan losses</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group recognizes the allowance for loan losses under the expected credit losses method included in IFRS 9. The most significant
judgements of the model relate to defining what is considered to be a significant increase in credit risk, determining the life
of revolving facilities, and in making assumptions and estimates to incorporate relevant information about past events, current
conditions and forecasts of economic conditions. The impact of the forecasts of economic conditions are determined based on the
weighted average of three internally developed macroeconomic scenarios that take into consideration the Group&acute;s economic
outlook as derived through forecast macroeconomic variables, which include inflation rate, monthly economic activity estimator
and private sector wage.A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective
and very sensitive to the risk factors</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Note
1.11 provides more detail of how the expected credit loss allowance is measured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 404 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>c-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Impairment
of Non-Financial Assets</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intangible
assets with definite useful life and property, plant and equipment are amortized or depreciated on a straight-line basis during
their estimated useful life. The Group monitors the conditions associated with these assets to determine whether the events and
circumstances require a review of the remaining amortization or depreciation term and whether there are factors or circumstances
indicating impairment in the value of the assets which might not be recoverable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group has applied the judgment in the identification of impairment indicators for property, plant and equipment and intangible
assets. The Group has defined that there was no evidence of impairment for any period included in the consolidated Financial Statements.
Given the aforementioned, no recoverable value has been calculated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
evaluation process for potential impairment of an asset of indefinite useful life is subject to and require a significant judgment
in many points over the course of the analysis, including the identification of its cash-generating unit, the identification and
allocation of assets and liabilities to a cash-generating unit and the definition of their recoverable value. The recoverable
value is compared with the carrying value in order to define the non-recoverable portion of such value. When calculating the recoverable
value of the cash-generating unit in virtue of the assessment of annual or regular impairment, the Group use estimates and significant
judgments on future cash flows of the cash-generating unit. Its cash flow forecasts are based on assumptions that account for
the best use of its cash-generating unit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Although
the Group believes that assumptions and forecasts used are suitable in virtue of the information available for the administration,
changes in assumptions or circumstances may require changes in the assessment. Negative changes in assumptions utilized in an
impairment tests of indefinite useful life intangible assets may result in the reduction or removal of the excess of fair value
over the book value, which would result in the potential recognition of the impairment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group decided that it would not be necessary to recognize an impairment loss in indefinite useful life intangible assets under
such conditions</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>d-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Structured
Entities</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Assessing
whether the Group controls a structured entity requires Management to make, judgments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Management
assesses its exposure to risks and rewards, as well as its ability to make decisions and direct the relevant activities of such
structured entity. Structured entities controlled by the Group are subject to consolidation. The following elements were used
to determine if the Group controls a structured entity:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
The purpose and design of the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Identification of relevant activities of the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Decision-making process on these activities</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
If the Group has the power to direct the relevant activities of the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
If the Group is exposed to, or has rights to, variable returns from its involvement with the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
If the Group has the ability to affect those returns through its power over the trust</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>e-</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Income
tax and deferred tax</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
significant level of judgment is required to determine current and deferred tax assets and liabilities. Current income tax is
measured at the amount expected to be paid while deferred income tax is measured based on the temporary differences between the
carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of reversal of
such differences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on
Management&rsquo;s assumptions about the amounts and timing of such future taxable income. Then, management needs to determine whether
deferred tax assets are likely to be used and offset against future taxable income. Actual results may differ from these estimates,
for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities
and tax courts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Future
taxable income and the number of tax benefits likely to be available in the future are based on a medium term business plan prepared
by management on the basis of reasonable expectations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 405 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>3.
SEGMENT REPORTING</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group determines operating segments based on performance reports which are reviewed by the Board and key personnel of Senior Management
and updated upon changes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With the purpose of implementing a strategic vision
focused on the individual client and Small and Medium Size Companies that require and values closeness and digital service models, the
Retail Banking sector turned into a new area of Personal and Business Banking.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In this sense, Small and Medium Size Companies
clients and the loan portfolio have been transferred from the Corporate Division to the Personal and Business Banking area. Such change
became effective on January 1, 2020. The comparative information as of December 31, 2019 and 2018 was modified with the purpose of showing
the new organization and making it comparable to information as of December 31, 2020.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
from January 1, 2020, the Bank&acute;s clients receive the following services:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">Personal and Business Banking </FONT>Segment:</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Small
companies, individuals and companies that record annual sales of up to 100,000</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;Small
and Medium Size Companies&rdquo;, companies that record annual sales of over 100,000 up to 700,000</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Corporate
Baking Segment:</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Megras
that record annual sales over 700,000 up to 2,500,000</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Big
Companies. Grandes companies that record annual sales of over 2,500,000</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group considers the business for the type of products and services offered, identifying the following operating segments:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Personal
                                         and Business Banking&ndash; Includes a wide range of financial products and services targeted
                                         to small comoanies, included in Entrepreneours &amp; SMSs, and high income people identified
                                         with so-called Identit&eacute; proposal. Likewise, the Bank offers services and products
                                         targeted to retirees and pensioneers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">b-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Corporate
                                         Banking &ndash; Includes advisory services at a corporate and financial level, as well
                                         as the administration of assets and loans targeted to corporate clients. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">c-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Bank <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Treasury
                                                                                                                                                                                                                 &ndash; This segment is in charge of the assignment of liquidity of the Entity in accordance with the different commercial
                                                                                                                                                                                                                 areas&acute; needs and its own needs, Treasury implements financial risk administration policies of the Bank, administers trading
                                                                                                                                                                                                                 desk operations, distributes financial products, such as negotianle securities and develops business with the financial sector
                                                                                                                                                                                                                 clients and whole sale non-financial sector clients.Consumer &ndash; Includes loans and other credit products targeted to middle and
                                                                                                                                                                                                                 lower-middle income sectors and non-financial products and services.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">d-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consumer
                                         Finance&ndash; Includes loans and other credit products targeted to middle and lowed-middle
                                         income sectors and non-financial products and services.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">e-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Insurance:
                                         Includes insurance products, with a focus on life insurance, to targeted customers segments</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">f-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Asset
                                         Management and Other Services&ndash; Includes MFs administered by the Group. Includes
                                         also assets, liabilities and results of Micro Lending S.A.U., Invertir Online.Com Argentina
                                         S.A.U. and InvertirOnline S.A.U, Easy Cambio S.A., Bolsillo Digital S.A.U and Futuros
                                         del Sur S.A.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.65pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Operating
results of the different operating segments of the Group are reviewed individually with the purpose of taking decisions over the
allocation of resources and the performance analysis of each segment. The performance of such segments will be evaluated based
on operating income and is measured consistently with operating income/(expenses) of the consolidated income statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Transaction
between segments are carried out at arm&acute;s length. Income, expenses and results from transfers between operating segments
are eliminated in consolidation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group does not present information by geographical segments because there are no operating segments in economic environments with
risks and rewards that are significantly different.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 406 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following chart includes information by segment measured in accordance with IAS 29, as of December 31, 2020, 2019 and 2018:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Bank</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Treasury</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total as of 12.31.2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Cash and due from banks</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">12,345,695</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">533,466</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">23,288,859</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">238,350</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">2,176</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">399,895</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">(133,572</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Debt securities at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,827,214</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,034,836</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,853</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,871,903</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">52,474,545</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">42,240,034</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,823,189</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,808,494</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">592,067</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,403</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,592,546</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">105,395,186</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,569,274</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,324,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">58,840,094</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,063,890</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,254,830</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,080,197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,156,234</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">97,288,988</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">73,389,514</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">51,097,969</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">96,779,356</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,145,570</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,849,073</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,539,348</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,430,116</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Liabilities by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Bank<BR>
Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total as of 12.31.2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%">Deposits</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">93,834,062</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">16,184,803</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">65,197,484</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">3,561,745</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">(136,500</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">178,641,594</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financing received from the Argentine Central Bank and others</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,011</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,794,778</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,529,652</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">48,169</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,535,318</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,852,292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Debt Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23,896</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,588</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,190,264</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,226,748</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,481,326</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,073,534</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,859,467</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,016,065</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">857,130</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">579,256</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,964,046</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">24,830,824</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">101,354,295</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,270,925</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">81,041,993</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,107,462</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">857,130</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">627,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,292,228</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">213,551,458</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Result by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Bank<BR>
Treasury</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the year ended 12.31.2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Interests income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">22,032,597</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">12,981,215</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">25,591,006</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">4,433,064</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">42,406</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">(380,408</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">64,699,880</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest Expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(8,181,916</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,073,707</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(18,395,101</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,367,357</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(26,587</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">466,280</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(28,578,388</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Distribution of results by the Treasury</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,409,620</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,389,960</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,980,340</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Net interest income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,260,301</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,517,548</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,176,245</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,065,707</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,819</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,872</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">36,121,492</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net income from financial instruments at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,315,048</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">143,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">353,513</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">162,716</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">340,840</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,315,582</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Result from derecognition of assets measured at amortized cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">688,793</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(31,774</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">657,019</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rate differences on gold and foreign currency</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">379,276</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">52,605</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">423,261</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">37,771</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(98</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">73,159</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">98,571</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,064,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">NIFFI And Exchange Rate Differences</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">379,276</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">52,605</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,427,102</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">181,236</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">353,415</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">235,875</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">407,637</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,037,146</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net Financial Income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">17,639,577</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,570,153</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">13,603,347</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,246,943</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">353,415</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">251,694</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">493,509</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41,158,638</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Services Fee Income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,464,407</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">672,282</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">59,634</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,133,202</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,584,304</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(420,005</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,493,824</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Services Fee Expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,453,402</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(192,364</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(59,759</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(762,313</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50,754</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(29,677</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,548,269</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income from insurance activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,454,204</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">217,251</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,671,455</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net Service Fee Income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,011,005</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">479,918</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(125</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,370,889</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,454,204</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,533,550</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(232,431</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,617,010</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Subtotal</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,650,582</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,050,071</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,603,222</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,617,832</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,807,619</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,785,244</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">261,078</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">50,775,648</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Result from exposure to changes in the purchasing power of money</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,078,519</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,274,193</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(269,124</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(887,134</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(381,065</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(253,338</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(146,955</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4,290,328</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,531,510</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,518,644</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">253,278</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">364,527</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,498</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">233,704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(132,710</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,779,451</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Loan loss provisions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,365,418</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,370,120</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,097</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(886,996</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,571</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,615,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Net operating income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,738,155</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,924,402</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,583,279</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,208,229</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,437,052</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,777,181</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18,587</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">41,649,711</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Personnel expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(13,284,682</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,271,081</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(930,606</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,713,808</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(317,809</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(540,802</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(118,078</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(18,176,866</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,431,135</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(508,923</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(462,356</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,463,065</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(264,086</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(458,159</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">269,167</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(10,318,557</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Depreciations and impairment of non-financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,924,361</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(144,156</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(108,498</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(135,823</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(20,761</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(10,497</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(62,932</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,407,028</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other operating expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,834,606</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,255,478</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(736,566</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(602,415</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,826</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(103,867</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(40,021</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,574,779</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Operating income </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(7,736,629</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(255,236</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,345,253</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(706,882</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">832,570</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">663,856</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">29,549</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,172,481</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income from associates and joint ventures</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,456</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,456</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Result before taxes</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,736,629</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(255,236</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,345,253</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(700,426</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">832,570</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">663,856</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,093</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,172,481</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,380,576</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">75,324</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,219,977</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">122,886</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(294,523</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(262,820</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">526,827</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(671,707</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Net income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,356,053</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(179,912</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,125,276</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(577,540</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">538,047</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">401,036</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">549,920</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,500,774</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net&nbsp;&nbsp;income for&nbsp;&nbsp;the&nbsp;&nbsp;year attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,356,053</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(179,912</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,125,276</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(577,540</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">538,047</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">401,036</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">549,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,499,882</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net loss for the year attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">892</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">892</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 407 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Result by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Bank</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Treasury</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the year ended 12.31.2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; font-weight: bold; text-align: left; padding-bottom: 1pt">Other comprehensive income</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">220,150</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">115,969</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">479,208</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(11,634</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">803,693</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other comprehensive income attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">220,150</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">115,969</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">479,208</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(12,413</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">802,914</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other comprehensive loss attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">779</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">779</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Comprehensive income for the year</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(6,135,903</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(63,943</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,604,484</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(577,540</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">538,047</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">401,036</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">538,286</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,304,467</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Comprehensive income attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,135,903</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(63,943</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,604,484</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(577,540</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">538,047</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">401,036</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">536,615</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,302,796</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Comprehensive loss attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,671</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,671</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Bank</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Treasury</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total as of 12.31.2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Cash and due from banks</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">10,471,392</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">1,392,602</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">22,967,633</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">437,209</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">4,608</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">3,295,926</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">(2,624,035</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Debt securities at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">425,175</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">126,287</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">222,499</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">773,961</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">56,863,126</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">52,299,847</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,064,985</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,857,365</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">618,048</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">41,858</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,927,882</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">119,817,347</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,216,481</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,600,424</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">24,308,991</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,050,457</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,485,761</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">733,256</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,488,202</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">45,883,572</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,550,999</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,292,873</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">52,766,784</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,471,318</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,108,417</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,293,539</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,936,285</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Liabilities by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Bank</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Treasury</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total as of 12.31.2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%">Deposits</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">86,332,384</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">14,481,577</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">21,342,195</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">2,224,661</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">(3,204,562</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">121,176,255</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financing received from the Argentine Central Bank and others</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,161</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,250,927</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,293,014</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62,652</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,347,144</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,276,610</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Debt Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">147,721</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">104,240</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,013,021</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21,181</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,286,163</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,347,903</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,876,158</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,926,868</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,348,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,031,927</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,517,477</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,726,877</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">28,776,101</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total Liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">92,845,169</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,461,975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">47,533,011</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,866,566</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,031,927</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,601,310</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,175,171</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">170,515,129</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Result by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Bank</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Treasury</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the year ended 12.31.2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Interests income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">30,299,712</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">19,478,944</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">6,132,453</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">6,834,394</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">303,685</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">(2,065,563</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">60,983,625</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest Expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(11,995,094</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4,676,394</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(28,791,267</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4,274,907</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(182,092</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,388,377</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(47,531,377</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Distribution of results by Treasury</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,447,537</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,131,377</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,683,840</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Net interest income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,752,155</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,671,173</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,974,974</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,559,487</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">121,593</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">322,814</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,452,248</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net income from financial instruments at fair value through profit or loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,964</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27,334,575</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">331,348</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">526,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">132,899</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">197,291</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,536,382</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rate differences on gold and foreign currency</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,601,295</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">281,750</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,381,111</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,166</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,679</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,577</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,453</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(441,191</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">NIFFI And Exchange Rate Differences</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,615,259</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">281,750</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">23,953,464</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">342,514</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">527,984</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">162,476</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">211,744</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">28,095,191</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net Financial Income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,367,414</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,952,923</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,978,490</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,902,001</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">527,984</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">284,069</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">534,558</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41,547,439</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Services Fee Income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,153,209</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,532,939</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50,267</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,433,057</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">868,490</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(330,406</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,707,556</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Services Fee Expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,979,198</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(166,561</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(66,517</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(889,658</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(41,409</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">88,389</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,054,954</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income from insurance activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,627,670</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">269,253</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,896,923</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net Service Fee Income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,174,011</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,366,378</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(16,250</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,543,399</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,627,670</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">827,081</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,236</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,549,525</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Subtotal</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,541,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,319,301</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,962,240</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,445,400</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,155,654</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,111,150</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">561,794</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">52,096,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Result from exposure to changes in the purchasing power of money</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,439,672</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,243,877</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(535,746</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,141,796</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,204,601</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(475,643</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">744,792</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,296,543</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,665,517</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">860,383</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">467,542</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">568,593</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,190</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">212,318</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(33,506</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,751,037</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Loan loss provisions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,555,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,302,282</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">33,553</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,760,136</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">51,352</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,533,018</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Net operating income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,211,765</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,633,525</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,927,589</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,112,061</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">961,243</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">899,177</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,273,080</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">38,018,440</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Personnel expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(14,363,518</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,412,159</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(886,187</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,740,329</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(255,296</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(414,832</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(211,025</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(19,283,346</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,109,852</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(464,220</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(421,634</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,592,780</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(359,381</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(360,971</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,828</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(10,310,666</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Depreciations and impairment of non-financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,891,160</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(247,501</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(97,492</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(136,548</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(12,751</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(9,014</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(76,038</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,470,504</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other operating expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,635,433</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,306,728</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(693,363</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(865,702</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,673</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(135,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,811</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,656,215</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 408 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Result by segments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Personal and Business</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Banking</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate Banking</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Bank</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Treasury</P></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Consumer</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Finance</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Insurance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset Management and Other Services</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustments</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the year ended 12.31.2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; font-weight: bold; text-align: left">Operating income </TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">(788,198</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">(2,797,083</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">1,828,913</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">(2,223,298</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">332,142</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">(21,145</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">966,378</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">(2,702,291</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income from associates and joint ventures</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,570</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,570</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Result before taxes</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(788,198</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,797,083</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,828,913</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,218,728</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">332,142</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(21,145</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">961,808</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,702,291</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income tax</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,210</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,894</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">24,010</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">736,962</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(301,677</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(117,294</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(587,768</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(229,663</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Net&nbsp;&nbsp;income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(780,988</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,788,189</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,852,923</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,481,766</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">30,465</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(138,439</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">374,040</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,931,954</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net income for&nbsp;&nbsp;the&nbsp;&nbsp;year attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(780,988</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,788,189</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,852,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,481,766</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(138,439</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">376,793</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,929,201</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net loss for the year attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,753</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,753</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other comprehensive&nbsp;&nbsp;income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(50,447</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(35,598</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(89,847</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">110,770</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(65,123</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other comprehensive income attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50,447</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(35,598</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(89,847</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">110,770</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">182</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(64,940</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other comprehensive income attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(183</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(183</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Comprehensive income for the year</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(831,435</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,823,787</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,763,076</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,481,766</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">141,235</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(138,439</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">374,039</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,997,077</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Comprehensive&nbsp;&nbsp;income attributable to owners of the parent company</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(831,435</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,823,787</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,763,076</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,481,766</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">141,235</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(138,439</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">376,975</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,994,141</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Comprehensive loss attributable to non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,936</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,936</TD><TD STYLE="text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>4.
INCOME TAX </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
December 21, 2019, the National Executive enacted Income Tax Law 27,541. This law has introduced several changes to the previous
income tax treatment. Some of the key changes involved in the reform include:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Article
27 of the Law stipulates that the inflation adjustment, positive or negative, corresponding to the first and second fiscal year
beginning on January 1, 2019, should allocate a sixth (1/6) in that fiscal period and the remaining five sixth (5/6), in equal
parts, in the next five (5) immediate fiscal periods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
turn, it is clarified that said provision does not preclude the allocation of the remaining thirds corresponding to previous periods,
calculated in accordance with the previous version of article 194 of the Income Tax Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Article
48 of the Law 27,541 establishes that until the fiscal years beginning as of January 1, 2021 inclusive, the tax rate will be thirty
percent (30%) -Dividends or distributed profits will be 7%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table reconciles the statutory income tax rate in Argentina to the Group&acute;s effective tax rate as of December 31,
2020, 2019 and 2018:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: justify">Current income tax</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(2,700,633</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(562,210</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(1,009,829</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Income tax &ndash; deferred method</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,028,926</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">332,547</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,107,259</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: justify">Income tax allotted in the Income Statement</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(671,707</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(229,663</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,117,088</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt">Income tax allotted in Other comprehensive income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(340,954</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,504</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(167,510</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total Income Tax Charge</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(1,012,661</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(219,159</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(2,284,598</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following is a reconciliation between the income tax charged to income as of December 31, 2020, 2019 and 2018, and that which
would result from applying the current tax rate on the accounting profit</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Income before taxes</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,172,481</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(2,702,291</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(4,284,402</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Tax rate</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Income for the year at tax rate</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(1,251,744</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">810,687</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,285,321</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: underline; text-align: left">Permanent differences at tax rate:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tax inflation adjustment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,441</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">228,247</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,836,719</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Deductible investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77,894</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">440,450</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">560,291</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,346,491</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,140</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Income tax</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(671,707</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(229,663</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(2,117,088</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 409 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>4.1</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Deferred
                                         tax</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
net position of the deferred tax is as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Deferred tax assets</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,315,885</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,275,175</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deferred tax liability</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(42,005</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(689,268</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net assets by deferred tax</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,273,880</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,585,907</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deferred taxes to be recovered in more than 12 months</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,687,447</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,063,254</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deferred taxes to be recovered in 12 months</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,628,438</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">211,921</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Subtotal &ndash; Deferred tax assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,315,885</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,275,175</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deferred taxes to be paid in more than 12 months</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(65,140</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deferred taxes to be paid in 12 months</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">23,135</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(689,268</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Subtotal &ndash; Deferred tax liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(42,005</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(689,268</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Net Assets by deferred Tax</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,273,880</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,585,907</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Deferred
tax assets / (liabilities) are summarized as follows:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balance at 12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Charge)/Credit to Income /OCI (*)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balance at 12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Intangible assets</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(955,680</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(20,331</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(976,011</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Retirement plans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">114,991</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">849</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">115,840</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loan Loss Reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,253,696</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">924,017</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,177,713</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,235,317</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,792</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,177,525</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Foreign Currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(83,709</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,831</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(42,878</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Tax Loss Carry Forward</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">224,665</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">224,665</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Inflation adjustment credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,032,364</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">490,706</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,523,070</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Provisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">266,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(125,743</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">141,180</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(32,026</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">319,852</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">287,826</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,585,907</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,687,973</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,273,880</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 90%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(*)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">include
($340,954) that was recorded in OCI.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balance at 12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Charge)/Credit to Income</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balance at 12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Intangible assets</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(523,741</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(431,939</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(955,680</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Retirement plans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">120,441</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,450</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">114,991</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loan Loss Reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,191,203</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(937,507</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,253,696</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(704,615</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(530,702</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,235,317</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Foreign Currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(171,598</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87,889</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(83,709</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Tax Loss Carry Forward</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">336,380</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(111,715</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">224,665</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Inflation adjustment credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,032,364</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,032,364</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Provisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">266,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">266,923</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,289</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(37,315</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(32,026</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,253,359</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">332,548</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,585,907</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 410 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>5.
FINANCIAL INSTRUMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
instruments held by the Group as of December 31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Financial Instruments as of 12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value <BR>
through <BR>
profit or loss</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amortized Cost</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value&nbsp;<BR>
through <BR>
OCI</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 1pt">- Cash and due from banks</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Debt securities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,871,903</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,871,903</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Derivatives</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Reverse Repo transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,354,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,354,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,407,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">877,330</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,285,221</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Loans and other financing</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">105,395,186</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">105,395,186</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,325,194</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">34,534,781</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">40,859,975</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financial assets pledged as collateral</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,687,488</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">217,447</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,904,935</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Investments in Equity Instruments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">87,131</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">116,328</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total Assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,198,357</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">171,844,761</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">34,563,978</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">224,607,096</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">- Deposits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">178,641,594</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">178,641,594</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Liabilities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,002,005</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,002,005</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">- Derivates</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,995</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,995</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,326,629</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">202,260</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,528,889</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,852,292</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,852,292</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Unsubordinated debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">-Subordinated debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,140,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,140,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,330,629</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">190,063,363</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><B>-</B></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">199,393,992</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial
Instruments as of 12/31/2019</B></FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value <BR>
through <BR>
profit or loss</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amortized Cost</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value&nbsp;<BR>
through <BR>
OCI</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 1pt">- Cash and due from banks</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Debt securities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">773,961</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">773,961</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Derivatives</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">350,680</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">350,680</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,499,631</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,355,055</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,854,686</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Loans and other financing</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">119,817,347</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">119,817,347</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,475,465</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,762,875</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">14,238,340</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financial assets pledged as collateral</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,704,298</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">557,038</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,261,336</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Investments in Equity Instruments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,957</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">19,848</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total Assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,336,461</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">162,150,240</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,774,832</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">181,261,533</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Deposits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">121,176,255</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">121,176,255</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Liabilities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">258,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">258,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Repo transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">435,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">435,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,163,994</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,245,990</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,409,984</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,276,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,276,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Unsubordinated debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,286,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,286,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">-Subordinated debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,886,028</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,886,028</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,422,054</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">149,306,447</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">157,728,501</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 411 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>6.
FAIR VALUES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>6.1</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Fair
                                         Value &#8203;&#8203;of Financial Instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 64.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group classifies fair values of financial instruments in a three level hierarchy according to the reliability of the inputs used
to determine them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fair
Value level 1: The fair value of financial instruments traded in active markets (such as publicly-traded derivatives, debt securities
or available for sale) is based on market quoted prices as of the date of the reporting period. If the quoted price is available
and there is an active market for the instrument, it will be included in Level 1. Otherwise, it will be included in Level 2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fair
Value level 2: The fair value of financial instruments which are not traded in active markets, such as over-the-counter derivatives,
is determined using valuation techniques that maximize the use of observable market data and rely the least possible on the Group&rsquo;s
specific estimates. If all significant inputs required to determine fair value a financial instrument are observable, such instrument
is included in level 2. If the inputs used to determine the price are not observable, the instrument will be included in Level
3.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fair
Value level 3: If one or more significant inputs are not based on observable market data, the instrument is included in level
3.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s financial instruments measured at fair value as of December 31, 2020 and 2019 are detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Financial Instruments as of 12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Cash and due from banks</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 1pt">- Debt securities at fair value through profit or loss</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">9,632,732</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">239,171</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Derivatives</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,407,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,407,891</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other debt securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,353,196</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">28,181,585</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">34,534,781</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financial assets pledged as collateral</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,687,488</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,687,488</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Investments in Equity Instruments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">87,131</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">116,328</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total Assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">24,312,382</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">28,449,953</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; padding-bottom: 2.5pt">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">52,762,335</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Liabilities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,002,005</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,002,005</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Derivatives</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,995</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,995</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,326,629</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,326,629</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,330,629</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; padding-bottom: 2.5pt">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,330,629</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Financial Instruments as of 12/31/2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>- Cash and due from banks</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 1pt">- Debt securities at fair value through profit or loss</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">768,963</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">4,998</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">773,961</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Derivatives</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">350,680</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">350,680</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,499,631</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,499,631</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 1pt">- Other debt securities</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">9,762,875</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">9,762,875</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financial assets pledged as collateral</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,704,298</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,704,298</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Investments in Equity Instruments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,891</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,957</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">19,848</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total Assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">19,094,338</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,957</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,998</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">19,111,293</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Liabilities at fair value through profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">258,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">258,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,163,994</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,163,994</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,422,054</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,422,054</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 412 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Below
is shown the reconcilation of the financial instruments classiffied as Fair Value Level 3:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV level 3</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Transfers</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additions</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Disposals</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">P/L</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-align: left; padding-bottom: 1pt">- Debt securities at fair value through profit or loss</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">4,998</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">4,998</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s policy is to recognize transfers between fair value levels only at end of period. The transfers were produced by
the classification as Level 3 of the financial instruments with lack of observable prices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Valuation
Techniques </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Valuation
techniques to determine fair values Level 2 and Level 3 include the following:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market
or quoted prices for similar instruments.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
estimated present value of instruments.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
valuation technique to determine fair value Level 2 is based on inputs other than the quoted price included in Level 1 that are
readily observable for the asset or liability (i.e., prices).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
Level 3, the Group uses valuation techniques through spot rate curves which calculate the yield upon market prices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
valuation techniques are detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interpolation model: It consists of the determination of the value of financial instruments that do not have a market price at
the closing date, based on quoted prices for similar assets (both in terms of issue, currency, and duration) in the active markets
( MAE, Bolsar or secondary) through the linear interpolation of them. This technique has been used by the Entity to determine
the fair value of the instruments issued by the BCRA and Treasury Bills without quotation at the end of this period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance Curve Model under Nelson Siegel: This model proposes a continuous function to model the trajectory of the instant
forward interest rate considering as a domain the term comprised until the next interest and / or capital payment. It consists
in the determination of the instrument&rsquo;s price estimating volatility through market curves. The Entity has used this model
to estimate prices in debt securities or financial instruments with variable interest rate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
principal inputs considered by the Group for its determination of fair values &#8203;&#8203;under the linear interpolation model
are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instrument prices that were quoted between the date the curve is estimated and the settlement date of the latest payment available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Implicit rates in the last available tender.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only instruments that have been traded with a 24-hour settlement are considered.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the same instrument has been listed on MAE (&ldquo;Mercado Abierto Electr&oacute;nico&rdquo;) and Bolsar, only the market price
that has been traded in the market with higher volume is considered</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The yield curve is standardized based on a set of nodes, each of which has an associated expiration date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instruments denominated in US dollars are converted at the exchange rate on the date the instrument is negotiated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 413 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Likewise,
for the determination of fair values &#8203;&#8203;under the Nelson Siegel model, the main data and aspects considered by the
Entity were:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Spot rate curves in pesos + BADLAR and the Spot rate curve in US dollars are established based on bonds predefined by Financial
Risk Management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The main source of prices for Bonds is MAE, without considering those corresponding to operations for own portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The portfolio of bonds used as input is changed with every issuance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group periodically evaluates the performance of the models based on indicators which have defined tolerance
thresholds.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Under
IFRS, the estimated residual value of an instrument at inception is generally the transaction price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the event that the transaction price differs from the determined fair value, the difference will be recognized in the income statement
proportionally for the duration of the instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>6.2</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Fair
                                         Value of other Financial Instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following describes the methodologies and assumptions used to determine the fair values &#8203;&#8203;of financial instruments
not recorded at their value in these financial statements:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets whose fair value is similar to book value: For financial assets and liabilities that are liquid or have short-term maturities
(less than three months), the book value is considered to be similar to fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fixed rate financial instruments: The fair value of financial assets was determined by discounting future cash flows at the current
market rates offered, for each year, for financial instruments with similar characteristics. The estimated fair value of deposits
with a fixed interest rate was determined by discounting future cash flows through the use of market interest rates for deposits
with maturities similar to those of the Group&rsquo;s portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For listed assets and the quoted debt, fair value was determined based on market prices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Below
is the difference between the carrying amount and the fair value of the main assets and liabilities recorded at amortized cost
as of December 31, 2020 and 2019, respectively:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Other Financial Instruments as of 12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Book value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV Level 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV Level 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV Level 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-style: italic">Financial Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt">- Cash and due from Banks</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,674,869</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">877,330</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">877,330</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">877,330</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Loans and other financing</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">105,395,186</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">112,402,330</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">112,402,330</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Reverse Repo transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,354,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,354,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,354,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other Debt Securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,325,194</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,325,194</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,325,194</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financial assets in guarantee</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">217,447</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">217,447</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">217,447</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">171,844,761</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">178,851,905</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">66,449,575</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">112,402,330</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left; padding-bottom: 1pt">Financial Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">- Deposits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">178,641,594</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">179,320,910</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">179,320,910</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">202,260</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">202,260</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">202,260</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financing received from the BCRA and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,852,292</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,607,896</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,607,896</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Unsubordinated Negotiable obligations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Subordinated Negotiable Obligations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,140,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,192,293</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,192,293</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">190,063,363</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">190,550,107</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,621,301</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">184,928,806</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Other Financial Instruments as of 12/31/2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Book value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV Level 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV Level 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV Level 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-style: italic">Financial Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt">- Cash and due from Banks</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,945,335</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,904,615</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,904,615</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,355,055</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,355,055</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,355,055</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Loans and other financing</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">119,817,347</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">124,755,831</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">124,755,831</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other Debt Securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,475,465</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,588,171</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,588,171</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financial assets in guarantee</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">557,038</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">557,038</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">557,038</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; width: 40%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; width: 10%">162,150,240</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; width: 10%">167,160,710</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; width: 10%">42,404,879</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right; width: 10%">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; width: 10%">124,755,831</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left; padding-bottom: 1pt; width: 40%">Financial Liabilities</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">- Deposits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">121,176,255</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">121,178,488</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">121,178,488</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Repo transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">435,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">435,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">435,401</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Other financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,245,990</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,321,690</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,321,690</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Financing received from the BCRA and other financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,276,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">11,950,528</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">11,950,528</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Unsubordinated Negotiable obligations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,286,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,286,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,286,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Subordinated Negotiable Obligations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,886,028</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,223,964</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,223,964</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">149,306,447</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">149,396,234</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">16,267,218</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">133,129,016</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"></P>


<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 414 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>6.3</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Fair
                                         Value of Equity instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are the equity instruments measured at Fair Value  throug profit or loss as of December 31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify; padding-bottom: 1pt">Grupo Financiero Galicia S.A.</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right">74,881</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right">7,891</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Pampa Holding S.A</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,286</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Loma Negra S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,179</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">785</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">87,131</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,891</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are the equity instruments measured at Fair Value  throug Other Comprehensive Income as of December 31, 2020 and
2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -10.85pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -10.85pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Detail</B></FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV at 12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Loss through OCI</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additions</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV at 12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 32%; text-align: justify; padding-bottom: 1pt">MAE</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">6,276</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(1,666</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">4,610</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">SEDESA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(583</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,614</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">COELSA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,251</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(332</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">919</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">PROVINCANJE</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">371</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(100</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">271</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">CUYO AVAL SGR</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,428</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,436</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">ARGENCONTROL</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">170</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(45</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">125</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">LOS GROBO SGR</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">95</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(22</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">73</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">IEBA SA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">83</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(22</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">61</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">MODO</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(25,089</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">45,043</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">19,954</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">86</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">48</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">134</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,957</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(27,803</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">45,043</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">29,197</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Detail</B></FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV at 12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Income through OCI</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FV at 12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 38%; text-align: justify; padding-bottom: 1pt">MAE</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">9,655</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">(3,379</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">6,276</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">SEDESA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,380</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,183</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">COELSA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,925</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(674</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,251</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">PROVINCANJE</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">568</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(197</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">371</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">CUYO AVAL SGR</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,883</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(455</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,428</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">ARGENCONTROL</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">263</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(93</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">170</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">LOS GROBO SGR</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">437</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(342</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">95</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">IEBA SA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">127</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(44</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">83</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">194</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(108</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">86</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,432</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(6,475</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,957</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 415 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>7.
FINANCE LEASES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>7.1</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The
Group as lessee</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(i)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The
                                         following table shows the carrying amount in the statement of financial position:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Right-of-use asset</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 46%; text-align: justify">Land and buildings</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2,146,928</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2,047,260</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Lease liability</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Current</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">660,694</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">637,106</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Non-current</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">521,004</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">651,313</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,181,698</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,288,419</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(ii)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The
                                         following table shows the amounts charged in the income statement:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Items</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 67%; text-align: justify; padding-bottom: 1pt">Right-of-use assets &ndash; Depreciation</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">780,397</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Interest expenses on lease liabilities (Other operating expenses)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">207,035</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(iii)</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Lease
                                         activities:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group leases several branches. Rental agreements are generally made for fixed periods of 1 to 3 years, but may have extension
options as described in (iv) below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Contracts
may contain lease components or not. The Group assigns consideration in the contract to the lease and non-lease components based
on their independent relative prices. However, for the leases of real estate for which the Group is a lessee, it has chosen not
to separate the lease components and those that are not, and instead counts them as a single lease component.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lease
terms are negotiated individually and contain a wide range of different terms and conditions. Lease agreements do not impose other
obligations to do or not do, other than the leased assets owned by the lessor. Leased assets cannot be used as collateral for
obtaining loans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Until
2018, Property, Plant and Equipment leases were classified as operating leases. As of January 1, 2019, leases are recognized as
a right-of-use asset by registering a liability as a counterparty on the date on which the leased asset is available for use by
the Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Assets
and liabilities arising from leases are initially measured based on the present value. Lease liabilities include the net present
value of the following lease payments:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">fixed
                                         payments (including fixed payments in substance), less any incentives receivable;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">variable
                                         lease payments that depend on an index or a rate, initially measured using the index
                                         or rate as at the commencement date;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">amounts
                                         expected to be payable by the Group under residual value guarantees;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         exercise price of a purchase option if the Group is reasonably certain to exercise that
                                         option, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt; text-align: justify"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">payments
                                         of penalties for terminating the lease, if the lease term reflects the Group exercising
                                         an option to terminate the lease.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lease
payments to be made under reasonably certain extension options are also included in the measurement of the liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 416 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lease
payments are discounted using the interest rate implicit in the lease. If that rate cannot be easily determined, which is generally
the case with leases in the Group, the lessee&rsquo;s incremental borrowing rate is used, which is the rate that the individual lessee
would have to pay to borrow the necessary funds to obtain an asset of similar value to the asset by right of use in a similar
economic environment with similar terms, security and conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
determine the incremental interest rate, the Group:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whenever
                                         possible, uses the external financing recently received as a starting point, adjusted
                                         to reflect changes in financing conditions since the external financing was received.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">uses
                                         a rate determination approach that begins with a risk-free interest rate adjusted for
                                         credit risk for leases that the Entity already has for those cases in which it does not
                                         have recent third-party financing, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">makes
                                         specific adjustments for the lease, for example, term, currency and guarantee.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is exposed to possible future increases in variable lease payments based on an index or rate, which are not included in
the lease liability until they become effective. When adjustments to lease payments based on an index or rate become effective,
the lease liability is reassessed and adjusted against the right-of-use asset.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lease
payments are allocated between capital and financial cost. The financial cost is charged to income during the lease period to
produce a constant periodic interest rate on the remaining balance of the liability for each period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
right-of-use assets are measured at cost comprising the following:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
                                         amount of the initial measurement of the lease liability;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any
                                         lease payment made at or before the commencement date, less any lease incentives received;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any
                                         initial direct costs, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 31.65pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">an
                                         estimate of costs to be incurred by the lessee in dismantling and removing the underlying
                                         asset, restoring the site on which it is located or restoring the underlying asset to
                                         the condition required by the terms and conditions of the lease.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
right-of-use assets are generally depreciated during the shortest useful life of the asset and the lease term in a linear fashion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payments
associated with short-term leases of equipment and all leases of low-value assets are recognized linearly as an expense in income.
Short-term leases are leases with a lease term of 12 months or less and that does not contains a purchase option. Low-value assets
include computer equipment and small items of office furniture.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(iv)
Extension and termination options</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Extension
and termination options are included in several property leases. These are used to maximize operational flexibility in terms of
managing the assets used in operations. Most of the extension and termination options maintained are exercisable only by the Group
and not by the respective lessor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>7.2</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The
Group as lessor</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following is a breakdown of the maturities of the Group&rsquo;s financial and operating leases receivables and of the current values
 &#8203;&#8203;as of December 31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Financial Lease Receivables</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: justify; padding-bottom: 1pt">Up to 1 year</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">1,982,763</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2,427,531</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">More than a year up to two years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,099,924</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,589,098</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">From two to three years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">634,899</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">906,156</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">From three to five years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">355,885</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">574,490</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">More than five years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,429</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">27,744</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,087,900</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,525,019</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Unearned financial income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,196,789</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,186,642</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Net investment in the lease</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,891,111</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,338,377</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR></FONT></P>

<!-- Field: Page; Sequence: 417 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notes to Consolidated Financial Statements
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">As of December
31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Expressed in
thousands of pesos)</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The balance of allowance for loan losses related to finance leases amounts to 252,961 and 111,708 as of December 31, 2020 and
2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Operating Lease Receivables</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: justify; padding-bottom: 1pt">Up to 1 year</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">16,067</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">22,744</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">More than a year up to two years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">13,766</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">21,418</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">From two to three years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,202</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">18,438</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">From three to five years</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,528</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">39,035</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">75,128</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>8.
TRANSFER OF FINANCIAL ASSETS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">When
the Group transfers financial assets under an agreement that meets all requirements to derecognize such assets, the difference
between the carrying amount of those assets and the amount received as consideration is charged to income.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Transfers
                                         that do not qualify for derecognition</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following is a detail of the financial assets transferred by the Group that continue to be recognized in its consolidated financial
statements as of December 31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Securitized Personal Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: justify; padding-bottom: 1pt; padding-left: 0.125in">Asset</TD><TD STYLE="width: 1%; color: black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; color: black; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: black; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; color: black; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,197,444</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 0.125in">Liabilities</TD><TD STYLE="color: black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; color: black; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,156,889</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Transfers of receivables with recourse</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 0.125in">Asset</TD><TD STYLE="color: black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; color: black; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,116</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 0.125in">Liabilities</TD><TD STYLE="color: black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; color: black; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Transfers
                                         of financial assets that qualify for derecognition</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group makes, in certain opportunities, non-recourse portfolio sales. In these cases, the Group has not retained any substantial
risk or reward regarding the transferred portfolio, and therefore, such portfolio meets derecognition requirements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>9.
REPO AND REVERSE REPO TRANSACTIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group carries out repo transactions in which it performs the spot sale of a security with the related forward purchase thereof,
thus substantially retaining all the risks and rewards associated with the instruments and recognizing them in &quot;Repo Transactions&quot;
at year-end, as the provisions set out in point 3.4.2 (Derecognition of Assets) of IFRS 9 &quot;Financial Instruments&quot;) are
not met.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
residual values &#8203;&#8203;of assets transferred under repo and reverse repo transactions as of December 31, 2020 and 2019
are detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Repo
Transactions:</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Book Value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">December 31, 2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 77%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December 31, 2019</FONT></TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right">435,401</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Reverse
Repo Transactions:</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Book Value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 77%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December 31, 2020</FONT></TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right">22,354,735</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December 31, 2019</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 418 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>10.
DERIVATIVE FINANCIAL INSTRUMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the normal course of business, the Group enters into a variety of transactions principally in the foreign exchange stock markets.
Most counterparties in the derivative transactions are banks and other financial institutions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
instruments include:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Forwards
                                         and futures: they are agreements to deliver or take delivery at a specified rate, price
                                         or index applied against the underlying asset or financial instrument, at a specific
                                         date. Futures are exchange traded at standardized amounts of the underlying asset or
                                         financial instrument.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Forwards
contracts are OTC agreements and are principally dealt in by the Group in foreign exchange as forward agreements.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Swaps:
                                         they are agreements between two parties with the intention to exchange cash flows and
                                         risks at specific date and for a period in the future.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Options:
                                         they confer the right to the buyer, but no obligation, to receive or pay a specific quantity
                                         of an asset or financial instrument for a specified price at or before a specified date.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the following amounts were recorded for operations related to derivatives:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Amounts receivable for spot and forward transactions pending settlement</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">143,944</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">350,680</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Amounts payable for spot and forward transactions pending settlement</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">143,944</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">350,680</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table shows, the notional value of options and outstanding forward and futures contracts as of December 31, 2020 and
2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Forward sales of foreign exchange without delivery of underlying assets</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,189,269</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">446,195</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Forward purchases of foreign exchange without delivery of underlying assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,647,980</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">579,188</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
incomes/(expenses) generated by derivative financial instruments during the years ended December 31, 2020 and 2019 amounted to
180,102 and 971,521 respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>11.
EARNINGS PER SHARE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Earnings
per share are calculated by dividing income attributable to the Group&acute;s shareholders by the weighted average number of outstanding
common shares during the period. As the Group does not have preferred shares or debt convertible into shares, basic earnings are
equal to diluted earnings per share.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: justify; padding-bottom: 1pt">Income attributable to shareholders of the group</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,499,882</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(2,929,201</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(6,341,497</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Weighted average of ordinary shares (thousands)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">456,722</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Income per share</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.66</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6.41</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13.88</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 419 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, </FONT>presented in comparative format</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12.
SPECIAL TERMINATION ARRANGEMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Special
termination arrangements are principally termination benefits payable to employees who accepted a pre-retirement offer. These
benefits are payable during the period between their effective termination date and their retirement age, when they voluntarily
accept an irrevocable termination arrangement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, special termination arrangements amounted to Ps. 1,146,516 and Ps. 1,289,981, respectively. The
amounts charged to profit or loss regarding these benefits as of December 31, 2020 and 2019 were Ps. (140,695) and Ps. 718,688,
respectively including in Other non-financial liabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
evolution during each period is detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 75%; text-align: left; padding-bottom: 1pt">Balances at the beginning</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">1,289,981</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">829,507</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Charged to profit or loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">140,695</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">718,688</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Benefits paid to participants</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(284,160</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(258,214</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Balances at closing</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,146,516</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,289,981</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 420 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, </FONT><FONT STYLE="font-weight: normal">presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>13.
PROPERTY, PLANT AND EQUIPMENT </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Changes
in property, plant and equipment for financial years ended on December 31, 2020 and 2019 are as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="19" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Gross
    carrying amount</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Depreciation</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Item</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Useful Life</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Revaluation</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Additions</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Additions by
    business combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the end
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Additions by
    business combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Of the Year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Other Movements</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the end
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>Net
                                         carrying amount</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>12/31/2020</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Cost
    model</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; width: 16%"><FONT STYLE="font-size: 7pt">Furniture and facilities</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">1,373,239</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">10</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">77,415</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(30,084</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">1,420,570</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(949,089</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(85,526</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(100,150</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(1,134,765</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">285,805</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Machinery and equipment</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,296,555</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,326,532</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(436,367</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,186,720</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(3,822,034</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(238,037</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(308,075</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(4,368,146</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">818,574</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">Vehicles</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">235,652</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">72,255</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(47,045</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">260,862</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(101,041</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">25,273</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(44,344</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(120,112</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">140,750</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Right of use assets</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,047,260</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">803,901</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(704,233</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,146,928</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(771,302</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">604,923</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(780,397</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(946,776</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,200,152</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Construction in progress</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">653,718</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">152,146</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(167,470</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">638,394</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">638,394</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Revaluation
    model</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Land and Buildings</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,600,111</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">818,447</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">786,020</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(1,846</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">4,202,732</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(114,615</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,489</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(70,643</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(182,769</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">4,019,963</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">11,206,535</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">818,447</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">3,218,269</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(1,387,045</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">13,856,206</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(5,758,081</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">309,122</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(1,303,609</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(6,752,568</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">7,103,638</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="19" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Gross
    carrying amount</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Depreciation</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Item</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Useful Life</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Revaluation</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Additions</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Additions by
    business combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the end
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Additions by
    business combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Of the Year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Other Movements</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">At the end
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;<B>Net
                                         carrying amount</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 7pt Times New Roman, Times, Serif"><B>12/31/2019</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Cost
    model</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 16%; text-align: left"><FONT STYLE="font-size: 7pt">Furniture and facilities</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">1,373,239</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">10</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">1,373,239</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(944,414</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(4,675</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">(949,089</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 7pt">424,150</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Machinery and equipment</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,226,071</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">261,872</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(191,388</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,296,555</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(3,398,030</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">425,780</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(849,784</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(3,822,034</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">474,521</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">Vehicles</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">236,589</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">47,385</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(48,322</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">235,652</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(80,055</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">21,317</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(42,303</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(101,041</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">134,611</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Right of use assets</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,047,260</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,047,260</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">877</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(772,179</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(771,302</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,275,958</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Construction in progress</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">746,082</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">154,345</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(246,709</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">653,718</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">653,718</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Revaluation
    model</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Land and Buildings</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,537,146</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(84,516</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">147,606</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(125</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,600,111</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(123,271</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">40,558</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(31,902</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(114,615</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,485,496</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">9,119,127</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(84,516</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">2,658,468</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(486,544</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">11,206,535</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(4,545,770</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">488,532</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(1,700,843</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">(5,758,081</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">5,448,454</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>





<!-- Field: Page; Sequence: 421 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, </FONT><FONT STYLE="font-weight: normal">presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>13.1
Revaluation of Property, Plant and Equipment</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&acute;s properties, plant and equipment measured at revaluation model were valued at each reporting date by an independent
expert. The frequency of revaluations ensures fair value of the revalued asset does not differ materially from its carrying amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
last revaluation was made on December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are the book values &#8203;&#8203;that would have been recognized if the assets had been accounted under the cost model:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Revaluation <BR>
date</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Revalued <BR>
amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Residual Value <BR>
according to the <BR>
cost model</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Difference</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left; padding-bottom: 1pt">Land and buildings</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 19%; text-align: center; padding-bottom: 1pt">12/31/2020</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 17%; text-align: right">4,019,963</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 17%; text-align: right">3,201,516</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 17%; text-align: right">818,447</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Land and buildings</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">12/31/2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,485,496</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,570,012</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(84,516</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
all Land and Buildings with a total valuation of 4,020 million&nbsp;as of December 31, 2020, the valuation was determined using
sales Comparison Approach prepared by the Group&rsquo;s management considering a report of an independent expert. Sale prices
of comparable properties are adjusted considering the specific aspects of each property, the most relevant premise being the price
per meter (Level 3).&nbsp;The Group estimated that, other factors being constant, a&nbsp;5%&nbsp;reduction on the Sales price
per meter for the period ended December&nbsp;31, 2020 would have reduced the value of the Land and Buildings on 150.7 million,
which would impact, net of its tax effect on the &quot;Net Revaluation surplus of property, plant and equipment&quot; item in
the statement of comprehensive income.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>14.
INVESTMENT PROPERTIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
movements in investment properties for the years ended December 31, 2020 and 2019 were as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Item</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">At the Beginning of the year</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total useful <BR>
life</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">P/L for changes in the FV</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additions</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Disposals</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of 12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="19" STYLE="font-weight: bold">Measurement at fair value</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-align: left; padding-bottom: 1pt">Rented properties</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">5,520,143</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">50</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">(92,457</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">1,447,123</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">(876,864</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">5,997,945</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL INVESTMENT PROPERTIES</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,520,143</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(92,457</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,447,123</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(876,864</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,997,945</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Item</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">At the Beginning of the year</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total useful <BR>
life</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">P/L for changes in the FV</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additions</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Disposals</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of 12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Measurement at fair value</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-align: left; padding-bottom: 1pt">Rented properties</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">865,687</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">50</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">(173,076</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">4,834,792</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">(7,260</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">5,520,143</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL INVESTMENT PROPERTIES</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">865,687</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(173,076</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,834,792</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(7,260</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,520,143</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Investment
properties are measured at fair value which is determined by <FONT STYLE="color: #212121">professionally qualified valuers</FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
all Investment Properties with a total valuation of 5.998 million&nbsp;as of December 31, 2020, the valuation was determined using
sales Comparison Approach prepared by the Group&rsquo;s management considering a report of an independent expert. Sale prices
of comparable properties are adjusted considering the specific aspects of each property, the most relevant premise being the price
per meter (Level 3).&nbsp;The Group estimated that, other factors being constant, a&nbsp;5%&nbsp;reduction on the Sales price
per meter for the period ended December&nbsp;31, 2020 would have reduced the value of the Investment Properties by 224.9 million,
which would impact, net of its tax effect on the &quot;Other Operating Income&quot; item in the Income statement.</FONT></P>


<!-- Field: Page; Sequence: 422 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, </FONT><FONT STYLE="font-weight: normal">presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>15.
INTANGIBLE ASSETS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intangible
assets of the Group for fiscal years ended on December 31, 2020 and 2019 are as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Gross
    carrying amount</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Depreciation</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Item</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Additions</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Additions by
    business combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the End
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">By business
    combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the End
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Net
                                         carrying amount at</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt"><B>12/31/2020</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Measurement
    at cost</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 23%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Goodwill</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">3,632,645</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">7,292</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">3,639,937</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">3,639,937</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Brands</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">199,999</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">199,999</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">199,999</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Other intangible assets
    (*)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">3,913,880</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,739,447</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(14,279</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">5,639,048</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,827,099</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(71</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(869,276</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(2,696,446</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2,942,602</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">TOTAL</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7,746,524</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,746,739</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(14,279</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">9,478,984</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,827,099</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(71</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(869,276</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2,696,446</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6,782,538</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Gross
    carrying amount</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Depreciation</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Item</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Additions</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Additions by
    business combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the End
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the beginning
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Disposals</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">By business
    combinations</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">At the End
    of the year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Net
                                         carrying amount at</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt"><B>12/31/2019</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Measurement
    at cost</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 23%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Goodwill</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">3,613,818</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">18,827</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">3,632,645</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">3,632,645</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Brands</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">199,999</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">199,999</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">199,999</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Other intangible assets
    (*)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">3,033,287</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">886,405</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(5,812</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">3,913,880</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,203,185</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">164</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(624,078</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,827,099</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2,086,781</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">TOTAL</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6,847,104</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">905,232</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(5,812</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7,746,524</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,203,185</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">164</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(624,078</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,827,099</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">5,919,425</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(*)mainly
include systems and programs.</FONT>&nbsp;</P>


<!-- Field: Page; Sequence: 423 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2020, </FONT><FONT STYLE="font-weight: normal">presented in comparative format</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>15.1
Goodwill impairment</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill
is assigned to the Group&rsquo;s cash generating units on the basis of the operating segments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: justify; padding-bottom: 1pt">Supervielle Seguros S.A.</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">9,686</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">9,686</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Cordial Compa&ntilde;&iacute;a Financiera S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">243,971</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">243,971</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Banco Regional de Cuyo S.A.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">50,784</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">50,784</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">InvertirOnline S.A.U. / InvertirOnline.Com Argentina S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,846,042</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,846,042</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Micro Lending S.A.U.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,453,519</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,453,519</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,935</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">28,643</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">TOTAL</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,639,937</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,632,645</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
recoverable amount of a cash generating unit is determined on the basis of its value in use. These method uses cash flow projections
based on approved financial budgets covering a period of five years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
key assumptions are related to marginal contribution margins. These were determined on the basis of historic performances, other
external sources of information and the expectations of market development.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
discount rates used are the respective average cost of capital (&quot;WACC&quot;), which is considered a good indicator of the
cost of capital. For each cash generating unit, where the assets are assigned, a specific WACC was determined considering the
industry, the country and the size of the business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
main macroeconomic premises used are detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Real</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Forecast</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Forecast</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Forecast</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Forecast</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Forecast</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2021</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2022</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%">Inflation (end of period)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,6</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">46,8</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">29,2</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">19,6</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">18,0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">18,0</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Inflation (average)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44,6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">41,1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37,7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">24,3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Cost of funding (average)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31,3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">40,0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26,8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21,5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Loan&rsquo;s interest rate (average)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">59,4</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">40,0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">18,4</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">18,2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">17,5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">17,1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill
has been tested annually for impairment. No impairment adjustments have been determined over these assets as a result of the tests
performed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
sensitivity analysis for the cash-generating unit to which the Goodwill was allocated was based on a 1% increase in the weighted
average cost of capital. The Group concluded that no impairment loss would need to be recognized on the Goodwill in the segment
under these conditions.</FONT></P>


<!-- Field: Page; Sequence: 424 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.1
Debt securities at fair value through profit or loss</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Government securities</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">8,864,640</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">768,967</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Corporate securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">401,671</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,994</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Securities issued by the BCRA</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">605,592</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">773,961</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.2
Other financial assets</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Participation Certificates in Financial Trusts</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">40,855</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">41,648</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Investments in Asset Management and Other Services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,528,987</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,178,803</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">535,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">81,151</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Receivable from spot sales pending settlement</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,077,649</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">188,679</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Several debtors</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">833,604</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">848,251</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Miscellaneous debtors for credit card operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">203,811</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">516,154</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Miscellaneous debtors for collections</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">64,631</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,285,221</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,854,686</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.3
Other debt securities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Government securities</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">12,674,746</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">14,226,009</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Securities issued by the BCRA</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,181,585</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,644</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,331</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">40,859,975</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">14,238,340</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.4
Financial assets pledged as collateral</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Special guarantees accounts in the Argentine Central Bank</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,710,757</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,887,177</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deposits in guarantee</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,194,178</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,374,159</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,904,935</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,261,336</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.5
Inventories</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%">Electronics</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">56,282</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">29,614</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Home and Health care</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,110</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,529</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tools and Workshop Equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">259</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,121</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Obsolescence Reserve</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,687</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,743</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">70,964</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">60,521</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 425 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.6
Other non-financial assets</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Other Miscellaneous assets</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">603,701</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,164,863</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Loans to employees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">235,259</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">359,305</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Payments in advance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">321,958</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,474</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other non-financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,367</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Retirement Plan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,252</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">205,805</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Works of art and collector&rsquo;s pieces</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">32,343</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">47,030</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,352,880</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,795,477</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.7
Deposits</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Non-financial sector</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">7,911,255</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">7,447,131</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,416</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,253</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Current accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,891,003</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,819,309</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Savings accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">102,845,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,445,823</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Time deposits and investments accounts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46,113,056</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,457,410</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,823,399</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,968,329</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">178,641,594</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">121,176,255</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.8
Liabilities at fair value through profit or loss</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left; padding-bottom: 1pt">Liabilities for transactions in local currency</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">2,002,005</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: right">258,060</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,002,005</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">258,060</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.9
Other financial liabilities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Amounts payable for spot transactions pending settlement</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,362,541</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,986,677</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Collections and other operations on behalf of third parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,951,341</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,112,817</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Fees accrued to pay</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,423</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">366</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financial guarantee contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,832</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,786</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Liabilities associated with the transfer of financial assets not derecognized</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">970,923</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Lease liability</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,181,698</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,288,419</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,054</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,996</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,528,889</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,409,984</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.10
Financing received from the Argentine Central Bank and other financial institutions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Financing received from local financial institutions</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">645,206</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,278,545</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financing received from international institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,207,086</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,998,065</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,852,292</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,276,610</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 426 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.11
Provisions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Legal issues</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">32,557</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">44,993</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Labor lawsuits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,552</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,151</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Tax</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,303</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">106,029</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Eventual commitments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,634</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">499</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Judicial Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,303</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,465</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Restructuring Provision</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">680,703</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Unused Balances Credit Cards</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">206,812</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Charges to be paid to National Social Security Administration </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">225,387</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">42,544</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,856</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">681,092</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">921,696</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.12
Other non-financial liabilities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; text-align: left">Payroll and social securities</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">5,500,933</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">5,401,884</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Sundry creditors</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,660,784</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,209,713</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Revenue from contracts with customers (1)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">188,665</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">262,069</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Tax payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,802,458</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,900,826</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Social security payment orders pending settlement</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">894,809</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">297,448</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">98,453</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">103,724</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,146,102</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,175,664</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Deferred
                                         income resulting from contracts with customers includes the liability for the customers&rsquo;
                                         loyalty program. The Group estimates the value of the points assigned to customers through
                                         the application of a mathematical model that considers assumptions about redemption rates,
                                         the fair value of points redeemed based on the combination of available products, and
                                         customer preferences, as well as the expiration of not redeemed points. As of December
                                         31, 2020 and 2019, the amounts of 188,665 and 262,069, respectively, have been recorded
                                         for the points not redeemed or expired.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table shows the estimated use of the liability recorded as of December 31, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Maturity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Item</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Up to 12 months</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Up to 24 months</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">More than 24 months</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>Total</B></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 52%; text-align: left; padding-bottom: 1pt">Revenue from contracts with customers</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">88,352</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">46,692</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">53,621</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">188,665</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.13
Interest Income</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Interest on overdrafts</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,678,469</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">6,217,172</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">6,807,778</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest on promissory notes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,226,382</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,002,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,539,122</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest on personal loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,173,544</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,584,460</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,887,135</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest on corporate unsecured loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,981,812</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,360,682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,322,241</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest on credit card loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,818,628</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,555,201</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,147,137</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest on mortgage loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,994,607</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,148,348</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,123,314</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest on automobile and other secured loan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">738,403</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">943,454</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,030,844</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest on foreign trade loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,453,129</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,356,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,448,435</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest on financial leases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">704,408</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,537,851</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,929,148</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest on public and private securities measured at amortized cost</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,524,157</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,406,341</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,277,419</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,465,076</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">64,699,880</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">60,983,625</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">63,700,230</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 427 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.14
Interest Expenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Interest on current accounts deposits</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">6,325,123</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">8,182,612</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">10,742,108</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest on time deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,574,998</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,030,921</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,602,675</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest on other financial liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,285,959</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,472,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,933,537</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Interest from financing from financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100,834</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">373,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,548,673</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">291,474</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,471,921</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">641,517</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">28,578,388</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">47,531,377</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,468,510</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.15
Net income from financial instruments at fair value through profit or loss</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: justify">Income from corporate and government securities</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,999,989</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,086,183</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,828,698</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Income from securities issued by the Argentine Central Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">135,491</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,478,678</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,934,407</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Derivatives</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">180,102</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">971,521</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-3,547,400</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,315,582</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">28,536,382</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">13,215,705</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.16
Service fee income</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Commissions from deposits accounts</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,627,421</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,777,932</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,626,945</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Commissions from credit and debit cards</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,413,407</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,944,787</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,576,075</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Commissions from loans operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">164,852</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">401,370</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">819,244</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Others Commissions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,131,296</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">156,848</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,583,467</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,391,996</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,493,824</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,707,556</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,414,260</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.17
Service fee expenses</B></FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Commissions paid</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,469,846</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,955,840</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,858,035</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Export and foreign currency operations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">78,423</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">99,114</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">112,035</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,548,269</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,054,954</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,970,070</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.18
Income from insurance activities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Accrued premiums</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,300,856</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,978,764</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,081,828</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Accrued losses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(308,798</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(471,071</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(695,386</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Production expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(320,603</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(610,770</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(609,097</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,671,455</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,896,923</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,777,345</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.19
Other operating income</B></FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Loans recovered and allowances reversed</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">572,480</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">678,796</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">665,561</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Insurance commissions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,525</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,966</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">831,740</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Rental from safety boxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">340,303</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">390,561</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">501,124</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Commissions from trust services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,638</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,778</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,958</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Returns of risk funds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,215,745</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">235,093</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">587,419</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Commissions from financial guarantees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">854,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">985,595</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Default interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">212,927</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">573,061</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">505,679</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Sale of fixed assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">133,983</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,242,850</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">890,030</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,087,256</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,779,451</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,751,037</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,180,332</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 428 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.20
Personnel expenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Payroll and social securities</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">16,682,917</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">16,902,763</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">13,627,260</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Others expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,493,949</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,380,583</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,757,573</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,176,866</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">19,283,346</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,384,833</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.21
Administrative expenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Directors&acute; and statutory auditors&rsquo;fees</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">341,532</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">382,328</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">342,430</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Professional fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,043,958</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,385,391</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,459,708</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Advertising and publicity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">688,705</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">737,956</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">862,200</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,857,970</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,000,527</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,244,207</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Maintenance, security and services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,823,341</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,351,755</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,152,917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Rent</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72,050</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,446</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">973,551</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,491,001</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,382,263</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,694,038</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,318,557</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,310,666</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,729,051</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.22
Depreciation and impairment of non-financial assets</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Depreciation of property, plant and equipment</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">523,212</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">928,664</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">439,094</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Depreciation of other non-financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">234,143</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">145,583</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154,856</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Depreciation of intangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">869,276</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">624,078</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">311,013</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Depreciation of right-of-use assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">780,397</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">772,179</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Impairment of other-non financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">582</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,407,028</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,470,504</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">905,545</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>16.23
Other operating expenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 61%; text-align: left">Promotions related with credit cards</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">525,355</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">695,109</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">886,298</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Turnover tax</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,950,539</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,104,595</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,869,614</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Fair value on initial recognition of loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">195,459</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">273,505</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">809,049</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Contributions made to deposit insurance system</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">289,814</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,127</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">323,838</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,613,612</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,250,879</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,141,625</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,574,779</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,656,215</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,030,424</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>17.
COMMITMENTS AND CONTINGENCIES </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">International
Financial Reporting Standards result in a contingent liability consisting of (i) a possible obligation, arising from past events,
the existence of which must be confirmed by the occurrence of one or more future events of an uncertain nature, which are not
have under the control of the Group or (ii) a present obligation that has not been probable or whose amount cannot be measured
or estimated with sufficient reliability<B>.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 429 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
provisions recorded are detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 44%; text-align: left; padding-bottom: 1pt">Legal issues</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">32,557</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">44,993</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">64,226</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Labor lawsuits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">29,552</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">38,151</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">35,929</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Tax</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">113,303</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">106,029</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">27,759</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unused Balances Credit Cards</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">206,812</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Deceased ANSES</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">225,387</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Judicial Deposits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,303</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">21,465</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">20,553</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Eventual commitments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,634</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">499</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Restructuring Provision</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">680,703</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">42,544</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,856</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">31,052</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">681,092</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">921,696</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">182,024</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>18.
RELATED PARTY TRANSACTIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Related
parties are those entities that directly, or indirectly through other entities, have control over another, are under the same
controlling party or may have significant influence on another entity&rsquo;s financial or operating decisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group controls another entity when it has power over other entities&rsquo; financial and operating decisions and also receives
benefits from such entity. The subsidiaries that the Group has control are detailed in Note 1.2.On the other hand, the Group considers
that it has joint control when there is an agreement between the parties on the control of an economic activity in common.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Finally,
those cases in which the Group has significant influence is due to the power to influence the financial and operating decisions
of another entity but not being able to exercise control over them. To determine these situations, not only the legal aspects
are observed, but also the nature and substantiation of the relationship.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Furthermore,
the key personnel of the Group&rsquo;s Management (Board of Directors members and Managers of the Group and its subsidiaries) are considered
as related parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Controlling
Interest</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Mr.
Julio Patricio Supervielle is the main shareholder of the Group. Julio Patricio Supervielle&acute;s interest in the capital and
votes of the Group as of December 31, 2020 and December 31, 2019 is 35.12% and 57.89%; respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Remuneration
of key personnel</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
remuneration received by the key personnel of the Group as of December 31, 2020 and 2019 amounts to 628.7 million and 480.8 million
respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Transactions
with related parties</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
financings, including those that were restructured, were granted in the normal course of business and on substantially the same
terms, including interest rates and guarantees, as those in force at the time to grant credit to non-related parties. Likewise,
they did not imply a risk of bad debts greater than normal nor did they present any other type of unfavorable conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table presents the aggregate amounts of total consolidated financial exposure of the Bank to related parties, the number
of recipients, the average amounts and the single largest exposures as of December 31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-left: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31, 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify; padding-bottom: 1pt; padding-left: 0in">Aggregate total financial exposure</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">242,271</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">1,311,056</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 0in">Number of recipient related parties</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">80</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">95</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.375in">(a)&nbsp;&nbsp;&nbsp;&nbsp; Individuals</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">71</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">86</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.375in">(b)&nbsp;&nbsp;&nbsp;&nbsp; Companies</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 0in">Average total financial exposure</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,729</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; padding-left: 0in">Single largest exposure</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">933,426</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,120,671</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 57pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 430 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 57pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 57pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>19.&nbsp;INSURANCE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>a.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Assets
and liabilities related to insurances activities</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Assets related to insurance contracts (Loans and other financing)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: left; padding-left: 0.125in">Receivables premius</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">590,044</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">618,048</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Commissions receivables</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,023</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 0in">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">592,067</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">618,048</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Liabilities related to insurance contracts (Other non-financial liabilities)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt with insured</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">136,124</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">185,380</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt with reinsurers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,731</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,239</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt with co-insurers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,317</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Debt with producers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">183,809</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">204,734</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Technical commitments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">221,719</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">236,877</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Outstanding claims paid by re-insurance companies (regularizer)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,059</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(655</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 0in">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">544,324</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">683,892</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Debt with insured</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Property insurance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Direct administrative insurance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,158</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,305</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Direct insurance in mediation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,089</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Claims settled to pay</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">293</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,199</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Claims occurred and not reported - IBNR</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,794</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,093</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Life insurance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Direct administrative insurance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">64,506</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56,181</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Direct insurance in judgments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,418</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,688</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Direct insurance in mediation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">886</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,501</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Claims settled to pay</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,164</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,525</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Claims occurred and not reported - IBNR</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,880</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">59,799</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 0in">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">136,124</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">185,380</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Debt with producers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Producers currenct account</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,274</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,456</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Commisions for premiums receivable</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">144,535</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">166,278</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 0in">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">183,809</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">204,734</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Technical commitments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 0in">Course and similar risk</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Premiums and surcharges</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">221,714</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">236,825</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Premium insufficiency</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">52</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; padding-left: 0in">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">221,719</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">236,877</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>b.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Income
                                         from insurances activities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
composition of the item &ldquo;Result for insurance activities&rdquo; as of December 31, 2020 and 2019 is disclosed in Note 16.18.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 431 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>20.</B></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;ASSET MANAGEMENT AND OTHER SERVICES</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, Banco Supervielle S.A. is the depository of the Asset managed by Supervielle Asset Management S.A.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Portfolio</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Worth</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Units</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; padding-bottom: 1pt">Asset Management and Other <BR>
Services</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>12/31/2020</B></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2019</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2020</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2019</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2020</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>12/31/2019</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; text-align: left; padding-bottom: 1pt">Premier Renta C.P. Pesos</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,297,562</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">19,103,061</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">36,260,237</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">19,073,822</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">12,597,963,038</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">3,958,398,573</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Renta Plus en Pesos</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">168,089</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">148,593</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">162,743</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">145,943</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">11,899,481</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,250,999</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Renta Fija Ahorro</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,721,266</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">633,635</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,709,665</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">625,558</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">59,317,777</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,851,475</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Renta Fija Crecimiento</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">73,983</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">63,880</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">73,386</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">63,519</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,983,791</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,688,485</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Renta Variable</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">188,342</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">226,526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">185,576</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">223,268</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,689,975</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,982,580</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier FCI Abierto Pymes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">941,245</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">762,877</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">917,368</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">761,161</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">119,588,138</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">91,559,624</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Commodities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">259,125</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">28,643</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">255,128</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">18,506</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">25,702,973</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,596,034</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Capital</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">192,336</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">175,700</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">191,253</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">175,237</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">36,842,932</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">36,057,519</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Inversi&oacute;n</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">736,703</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">184,280</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">713,499</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">184,186</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,576,391,366</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">442,160,447</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Balanceado</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,196,216</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">849,329</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,195,336</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">848,555</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">253,733,905</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">249,317,925</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Renta Mixta</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,559,642</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">181,414</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,151,517</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">181,267</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,072,064,209</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">76,562,093</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Renta Mixta en USD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">112,768</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">177,271</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">112,768</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">176,619</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,083,508</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,815,589</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Performance en USD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">526,115</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">617,920</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">521,839</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">616,534</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,724,190</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,312,208</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Premier Global USD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">490,472</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">951,507</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">489,973</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">948,572</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,444,411</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">11,338,023</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>21.</B></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Law
No. 24485 and Decree No. 540/95 established the creation of the Deposit Insurance System to cover the risk attached to bank deposits,
in addition to the system of privileges and safeguards envisaged in the Financial Institutions Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
National Executive Branch through Decree No. 1127/98 dated September 24, 1998, established the maximum amount for this insurance
system to demand deposits and time deposits denominated either in Pesos and/or in foreign currency. Such limit was set at $1,000
as from March 1, 2019 and increased to 1,500 as of May 1, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
system does not cover deposits made by other financial institutions (including time deposit certificates acquired through a secondary
transaction), deposits made by parties related to Banco Supervielle, either directly or indirectly, deposits of securities, acceptances
or guarantees and those deposits set up at an interest rate exceeding the one established regularly by the Argentine Central Bank.
Those deposits acquired through endorsement and those deposits made as a result of incentives other than interest rate are also
excluded. This system has been implemented through the creation of the Deposit Insurance Fund (&ldquo;FGD&rdquo;), which is managed
by a company called Seguros de Dep&oacute;sitos S.A. (&ldquo;SEDESA&rdquo;). The shareholders of SEDESA are the Argentine Central
Bank and the financial institutions, in the proportion determined for each one by the Argentine Central Bank based on the contributions
made to the fund.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>22.</B></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>RESTRICTED ASSETS</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the following Grupo Supervielle&rsquo;s assets are restricted:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Item</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Financial assets in guarantee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: left">Special guarantee accounts in the Argentine Central Bank</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">3,710,757</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,887,162</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Trust guarantee deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,173</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Guarantee deposits for currency forward transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">601,248</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,865,356</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Guarantee deposits for credit cards transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">421,942</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">432,118</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other guarantee deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,820</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">215,866</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Guarantee deposits for repo transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">32,510</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,894,767</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,438,185</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 432 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>23.
FINANCIAL TRUSTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
detail of the financial trusts in which the Group acts as Trustee or as Trustee is summarized below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>As
Trustee:</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Banco
Supervielle S.A.</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Below
is a detail of financial trusts:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Below
is a detail of the Guarantee Management trust where the Bank acts as a trustee as of December 31, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border: Black 1pt solid; width: 12%; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial
    trust</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 9%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Indenture
    executed on</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 26%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Due
    of principal obligation</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Original
    principal amount</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Principal
    balance</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 22%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Beneficiaries</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Settlers</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fideicomiso
    de Administraci&oacute;n Interconexi&oacute;n 500 KV ET Nueva San Juan - ET Rodeo Iglesia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">09/12/2018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
    Term of this Trust Fund Contract will be in force over 24 months as from 09/12/2018, or until the expiration of liabilities
    through Disbursements (Termination Date&rdquo;). 30 days (thirty days) after the maturity of this Trust Agreement without
    the parties&rsquo; having agreed upon an Extension Commission, the Trustor of the trust account shall receive USD 6,000 (six
    thousand US Dollars) at the exchange rate in force in Banco Supervielle as a fine. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Those
    initially mentioned in Exhibit V (DISERVEL S.R.L., INGENIAS S.R.L, GEOTECNIA (INV. CALVENTE), NEWEN INGENIERIA S.A., INGICIAP
    S.A., MERCADOS ENERGETICOS, DISERVEL S.R.L.) and providers of works, goods and services included in the Project to be assigned
    by the Trustee with prior consent of the Trustor </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Interconexion
    Electrica Rodeo S.A.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of 09/30/2020, Banco Supervielle S.A. as Trustee, is undergoing a negotiation process for the Contract &ldquo;Extension Commission&rdquo;.
On 10/07/2020, the Trustor accepted the extension commission and the Bank accepted the request for the extension of the Trust
contract sent by IERSA on 09/16/2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Micro
Lending Financial Trust</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are financial trusts where Micro Lending S.A.U acts as settler:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt"><B>Financial</B></FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt; text-align: center; padding-bottom: 1pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>Securitized</B></FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Issued
    Securities</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Trust</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Set-up on</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Type</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Type</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 11%; text-align: center; padding-left: 3.5pt">III</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; padding-left: 3.5pt">06/08/2011</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">39,779</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: center; padding-left: 3.5pt">VDF TV A <BR>
Vto: 03/12/13</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 31,823</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: center; padding-left: 3.5pt">VDF B <BR>
Vto: 11/12/13</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN $ 6,364</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: center; padding-left: 3.5pt">CP <BR>
Vto: 10/12/16</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN $ 1,592</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; padding-left: 3.5pt">IV</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">09/01/2011</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">40,652</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">VDF TV A <BR>
Vto: 06/20/13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN$ 32,522</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">VDF B <BR>
Vto: 10/20/13</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN $ 6,504</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 3.5pt">CP <BR>
Vto: 06/29/17</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VN $ 1,626</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>24.
ISSUANCE OF DEBT SECURITIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Banco
Supervielle S.A.</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Unsubordinated
Debt Securities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Global
Program for the Issuance of Medium-Term Securities for up to N/V USD 2,300,000 of Banco Supervielle S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
September 22, 2016, the Shareholders&rsquo; meeting No. 117, resolved to approve the creation of a Global Program for the Issuance of
debt securities for up to a maximum outstanding amount of USD 800,000. The Program was authorized by the National Securities Commission
through Resolution No. 18,376 dated November 24, 2016. On March 6, 2018, the Shareholders&rsquo; meeting, resolved to approve the extension
of the Program for up to a maximum outstanding amount of USD 2,300,000. The Program was authorized by the National Securities
Commission through Resolution No. 19,470 dated April 16, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 433 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Frequent
issuer regime registration CNV</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
August 6, 2018, the Board of Directors resolved to request the National Securities Commission (the &ldquo;CNV&rdquo;) to register
the Bank as a frequent issuer of negotiable obligations. Said request was authorized by the CNV through Resolution No. 19,958
dated December 27, 2018. The Bank is registered with the CNV as a frequent issuer of debt securities under No. 03. At the board
meeting of the company on March 7, 2019, it was resolved to approve the Bank&rsquo;s ratification in the Frequent Issuer Regime and
at the Board meeting on December 2, 2019 it was resolved to allocate the maximum amount of USD 300,000 corresponding to the Global
Issuance Program of Negotiable Obligations for up to USD 2,300,000, with the bank in the process of reducing the maximum amount
of said Program. The CNV approved said ratification through Resolution DI-2020-11-APN-GE #CNV dated February 11, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
June 12, 2020, the Board of Directors of Banco Supervielle SA, approved the issuance of a Class G Non-Subordinated Negotiable
Obligation for an amount that will not exceed in its N/V USD 30,000,000 set within the Global Program of Debt Securities. It was
also approved to modify the terms of said issuance, so that the Issue Amount is up to USD 50,000,000 and without prejudice to
the fact that the Negotiable Obligations are denominated in USD dollars, they may be integrated and payments under them can be
made in pesos. The bidding period ended on June 25, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the amounts outstanding and the terms corresponding to outstanding unsubordinated negotiable obligations
were as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Class</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Issue Date</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Maturity Date</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Annual Interest Rate</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 18%; text-align: left; padding-bottom: 1pt; white-space: nowrap">Banco Supervielle Class A</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center; padding-bottom: 1pt">02/09/2017</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center; padding-bottom: 1pt">08/09/2020</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 16%; text-align: center; padding-bottom: 1pt">Badlar + Spread 4.5%</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 13%; text-align: right">5,179,248</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Banco Supervielle Class C</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">12/22/2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">12/22/2021</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Badlar + Spread 4.25%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">444,327</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">908,288</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Banco Supervielle Class E</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">02/14/2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">02/14/2023</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Badlar + Spread 4.05%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,579,563</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,177,446</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Banco Supervielle Class G</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">06/30/2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">06/30/2021</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">2% Annual Nominal</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,202,858</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Micro Lending Class III</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">10/04/2017</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">10/05/2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">Badlar + Spread 7%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,181</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,226,748</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,286,163</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
outstanding amount of the Class A Negotiable Obligations was reduced on October 17, 2018 by a nominal value in pesos of $ 618,030
and on January 23, 2019 by a nominal value in pesos of $ 254,925. Thus resulting in the total amount of circulation in pesos of
$ 3,895,215.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Subordinated
debt securities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Program
for the issuance of Negotiable Obligations for up to N/V $ 750,000 (increased to N/V $ 2,000,000) of Banco Supervielle S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of March 25, 2013, the Bank&rsquo;s Extraordinary General shareholders&rsquo; meeting, approved the creation of a Global Program
for the issuance of debt securities for up to a maximum outstanding amount of $750,000. On April 15, 2016, the Ordinary and Extraordinary
Shareholders&rsquo; meeting approved the increase the maximum outstanding amount of the Program to $2,000,000 or its equivalent in foreign
currency, passed by Resolution N&deg; 18,224 from the National Securities Commission on September 22, 2016.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following chart provides the main terms and conditions of issuances underway as of December 31, 2020 and 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Issuance</B></FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Maturity</B></FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Book
    Value</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">date</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Currency</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amortization</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Term</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">date</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Rate</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 17%; text-align: center; padding-bottom: 1pt">08/20/2013</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">U$S</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">III</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">22,500</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center; padding-bottom: 1pt">100% at mat,</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">84 Months</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: center; padding-bottom: 1pt">08/20/20</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">7</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">1,780,980</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; padding-bottom: 1pt">11/18/2014</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">U$S</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IV</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">13,441</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">100% at mat,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">84 Months</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt">11/18/21</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,140,469</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,105,048</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="19" STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,140,469</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,886,028</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 434 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>25.
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to regulations set by the Argentine Central Bank, 20% of the profits for the year, net of possible prior year adjustments, where
applicable, are to be allocated to the Legal Reserve.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to the amended text on distributions of dividends, financial entities shall comply with a series of requirements, as follows:
i) They shall not be subject to the provisions of Sections 34 and 35 bis of the Financial Institutions Law; ii) No liquidity assistance
loans shall have been granted to them; iii) they shall be in compliance with information regimes; iv) they shall not record shortfalls
in the compiled minimum capital (without computing for such purposes the effects of the individual exemptions granted by the Superintendence
of Financial and Foreign Exchange Institutions) or minimum cash, v) they shall have complied with additional capital margin when
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
entities not facing any of these situations may distribute dividends in accordance with provisions set forth in said amended text,
provided the entity&acute;s liquidity or solvency is not jeopardized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">It
is worth to be mentioned that pursuant to Communication &ldquo;A&rdquo; 6464 issued by the Argentine Central Bank, until March
31, 2020, financial entities, which, for the purpose of determining the distributable result, have not applied the additional
on capital margins shall rely on previous authorization issued by the SEFyC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
August 30, 2019 and with the purpose of stabilizing the exchange market, the Argentine Central Bank issued Communication &ldquo;A&rdquo;
6768, pursuant which financial entities shall rely on the previous authorization of Exchange and Financial Entities Superintendence
before distributing its income. Over the course of such authorization process, the Central Bank will assess, among other items,
potential effects of the application of international accounting standards pursuant to Communication &ldquo;A&rdquo; 6430 (Paragraph
5.5 of IFRS 9 &ndash; Detriment of financial assets value) as well as the effects of the re-expression of financial statements
pursuant to Communication &ldquo;A&rdquo; 6651.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
March 19, 2020 the Argentine Central Bank issued Communication &ldquo;A&rdquo; 6939 by means of which the suspension of income
distribution of financial entities was made effective until June 30, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Later,
on June 4, 2020, through Communication &ldquo;A&rdquo; 7035, the Argentine Central Bank extended such suspension until December
31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
March 19, 2020, in the midst of the coronavirus&rsquo; outbreak crisis, the Central Bank issued Communication &ldquo;A&rdquo;
6939, as amended from time to time, by virtue of which the distribution of dividends by financial entities was temporarily suspended
until June 30, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our
shareholders&rsquo; equity under the rules of the Argentine Central Bank comprise the following captions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 86%; text-align: left">Capital Stock</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">456,722</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Capital Adjustment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,968,586</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Paid in Capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,858,170</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Legal Reserve</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other Reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Retained earnings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,412,111</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Comprehensive Income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">642,945</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total shareholders&rsquo; equity attributable to the owners of the parent under the rules of the Argentine Central Bank</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,338,534</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Absorption
of Negative Non-Allocated Income </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
accordance with the provisions of Title IV, Chapter III, Section 3, Subsection b) of the Regulations of the Argentine Securities
Commission (Restated Text 2013), the Company has made use of the option to absorb the accumulated negative results that were generated
as a consequence of the inflation adjustment by application of the IAS 29, subject to the ratification of the AGM.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 435 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Based
on the foregoing, and in accordance with the order of absorption of accumulated losses as established in such regulations, Grupo
Supervielle&rsquo;s Net Worth as of January 1, 2020 (transition date) is composed as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">January 1, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Thousands of AR$</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 65%; text-align: justify">Capital stock</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 25%; text-align: right">456,722</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Capital Adjustment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,968,586</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Issue Premium</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,858,170</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Other comprehensive income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">117,647</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Total shareholders&acute; equity</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,401,125</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>26.
LOANS AND OTHER FINANCING</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 32.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019 the composition of the loan portfolio is as follows:&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Assets Before Allowances</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><B>Total as of <BR>
December 31,</B></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>2020</B></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left; padding-bottom: 1pt">Promissory notes</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">18,228,303</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">610,850</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">146,257</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">18,985,410</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unsecured corporate loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,407,922</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">793,555</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,359,458</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">15,560,935</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Overdrafts</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,034,612</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">159,552</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">302,868</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,497,032</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Mortgage loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,894,984</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,118,357</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,044,497</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">11,057,838</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Automobile and other secured loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,227,511</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">312,404</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">352,278</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,892,193</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Personal loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">19,046,521</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,452,586</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">624,011</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">21,123,118</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Credit card loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">17,420,096</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,839,516</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">389,148</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">19,648,760</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign Trade Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,558,036</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,585,023</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,901,861</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">13,044,920</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other financings</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,293,864</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">725,488</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">163,301</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,182,653</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other receivables from financial transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,546,026</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">33,788</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">59,701</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,639,515</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Receivables from financial leases</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,817,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">217,321</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">152,820</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,187,526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Subtotal</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">96,475,260</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,848,440</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,496,200</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">113,819,900</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Allowances for loan losses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,856,309</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,988,731</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,579,674</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,424,714</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">94,618,951</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,859,709</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,916,526</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">105,395,186</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Assets Before Allowances</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><B>Total as of <BR>
December 31,</B></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>2019</B></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left; padding-bottom: 1pt">Promissory notes</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">10,904,372</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">300,364</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">387,249</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">11,591,985</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unsecured corporate loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">13,579,312</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">494,932</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,045,787</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">15,120,031</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Overdrafts</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,908,410</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">119,964</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,593,199</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,621,573</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Mortgage loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,209,763</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,550,950</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,017,564</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,778,277</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Automobile and other secured loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,088,637</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">354,852</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">217,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,660,828</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Personal loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">19,124,764</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,518,200</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,541,472</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,184,436</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Credit card loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16,133,436</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">762,996</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">738,378</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">17,634,810</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign Trade Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,053,128</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">837,964</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,819,440</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">24,710,532</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other financings</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,541,125</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">127,893</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">103,346</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,772,364</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; width: 50%">Other receivables from financial transactions</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">2,511,245</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">22,471</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">62,543</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">2,596,259</TD><TD STYLE="padding-bottom: 1pt; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Receivables from financial leases</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,836,879</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">250,933</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">250,569</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,338,381</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Subtotal</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">113,891,071</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,341,519</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,776,886</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">129,009,476</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Allowances for loan losses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,185,274</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,141,825</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,865,030</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,192,129</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">111,705,797</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,199,694</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,911,856</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">119,817,347</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 436 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Expected
Credit Loss Allowances</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Expected
credit loss allowance recognised in the period is affected by a range of factors as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Transfers between Stage 1 and Stage 2 or 3 due to financial instruments experiencing significant increases (or decreases) of credit
risk or becoming credit-impaired in the period, and the consequent &ldquo;step up&rdquo; (or &ldquo;step down&rdquo;) between
12 months and Lifetime;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Additional allowances for new financial instruments recognized during the period, as well as releases for financial instruments
de-recognized during the period, ;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Impact on the measurement of ECL of changes in PDs, EADs and LGDs in the period, resulting from the regular updating of model
inputs;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Impact on the measurement of ECL as a result of changes in models and assumptions;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Discount unwind within ECL due to passage of time, as ECL is measured on a present value basis;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Foreign exchange retranslations for assets denominated in foreign currencies and other movements; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;
Financial assets derecognised during the period and write-offs of allowances related to assets that were written off during the
period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following charts explain changes in the provision for credit risk between the beginning and end of the period due to the following
factors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">An
analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Assets Before Allowances</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">ECL Allowance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; width: 20%">Balance at the beginning of the year</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">113,892,858</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">6,341,521</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">8,776,882</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">129,011,261</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">2,185,274</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">1,141,825</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">5,865,030</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">9,192,129</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Transfers</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">1 to 2</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(3,214,532</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,214,532</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(116,717</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,082,821</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">966,104</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">1 to 3</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,543,847</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,543,847</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(36,310</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,481,033</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,444,723</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">2 to 3</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(846,342</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">846,342</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(222,310</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">742,127</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">519,817</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">2 to 1</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">817,989</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(817,989</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">33,836</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(124,642</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(90,806</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">3 to 2</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">36,687</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(36,687</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,485</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(39,274</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(28,789</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">3 to 1</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">46,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(46,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,413</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(45,148</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(43,735</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net changes of financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(15,379,218</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,736,983</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(53,260</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(12,695,495</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">832,860</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,226,241</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(457,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,602,101</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Write-Offs</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,123,756</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,151,327</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(4,102,760</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(6,377,843</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,123,756</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,151,327</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(4,102,760</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(6,377,843</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange Differences and Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,979,031</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">334,375</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">568,571</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,881,977</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">79,709</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">25,638</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">135,666</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">241,013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Gross carrying amount at December 31, 2020</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">96,475,260</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,848,440</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,496,200</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">113,819,900</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,856,309</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,988,731</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,579,674</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,424,714</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 437 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Assets Before Allowances</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">ECL Allowance</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Stage 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; font-weight: bold; text-align: left">Balance at the beginning of the year</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">148,088,044</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">15,181,940</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">8,764,377</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">172,034,361</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">3,011,796</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">2,400,090</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">4,926,073</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">10,337,959</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Transfers</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>1 to 2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,328,535</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,328,535</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(83,582</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">423,682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">340,100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>1 to 3</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,848,389</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,848,389</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(126,062</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,692,322</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,566,260</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>2 to 3</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,760,766</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,760,766</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(296,040</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,018,262</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">722,222</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>2 to 1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,995,283</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(5,995,283</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">74,463</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(458,568</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(384,105</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>3 to 2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62,781</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(62,781</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,217</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(43,191</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(29,974</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>3 to 1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">218,823</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(218,823</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21,122</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(153,805</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(132,683</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Net changes of financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(45,996,053</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,869,752</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,841,336</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(51,707,141</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(799,829</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(974,665</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,101,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">326,894</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Write-Offs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,846,644</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,846,644</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,846,644</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,846,644</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange Differences and Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,761,898</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">394,064</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,372,938</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,528,900</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">87,366</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,109</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">170,625</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">292,100</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Gross carrying amount at December 31, 2018</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">113,891,071</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,341,519</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,776,886</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">129,009,476</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,185,274</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,141,825</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,865,030</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,192,129</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Collateral
and other credit enhancements </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Collateral
is an instrument pledged as security for repayment of a loan, to be forfeited in the event of default. The Entity accepts collateral
as security before a potential breach on behalf of a debtor occurs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Argentine Central Bank classifies these guarantees in three types: Preferred &ldquo;A&rdquo; (considered self-settleable), Preferred
 &ldquo;B&rdquo; (made up by mortgage or pledge loans) and remaining guarantees (mainly bank guarantees and fines).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
virtue of the administration of collateral, the Group relies on a specific area devoted to the review of the legal compliance
and suitable instrumentation of received collateral. In accordance with the type of collateral, the guarantors may be people or
companies (in the case of mortgages, pledges, fines, guarantees and liquid funds) and international top level Financial Entities
(for credit letters stand by).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group monitors collateral held for financial assets considered to be credit-impaired as it becomes more likely that the Group
will take possession of collateral to mitigate potential credit losses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Credit Impaired loans</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gross exposure</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Allowances for loans losses</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Book value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value of collateral</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; padding-bottom: 1pt">Overdrafts</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">302,868</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">152,172</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">150,696</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">81,482</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financial Lease</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">152,820</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">98,234</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">54,586</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">102,255</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Documents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">146,257</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">138,617</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,640</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">631</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Mortgage loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,044,497</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">249,563</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">794,934</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">480,309</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Personal loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">624,011</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">582,724</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">41,287</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Pledge loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">352,278</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">235,434</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">116,843</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">107,785</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Credit cards</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">389,148</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">373,666</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">15,483</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,319</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,484,321</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,749,264</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,735,057</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,450,733</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,496,200</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,579,674</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,916,526</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,224,514</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Write-off
policy </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group writes off, in whole or in part, when it has exhausted all practical recovery efforts and has concluded there is no reasonable
expectation of recovery. Indicators that there is no reasonable expectation of recovery include: (i) ceasing enforcement activity
and (ii) where the Group&acute;s recovery method is foreclosing on collateral and the value of the collateral is such that there
is no reasonable expectation of recovering in full.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 438 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group may write-off financial assets that are still subject to enforcement activity, The outstanding contractual amounts of such
assets written off during the year ended 31 December, 2020 was 7,198,080. The Group still seeks to recover amounts it is legally
owed in full, but which have been partially written off due to no reasonable expectation of recovery.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12.31.2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12.31.2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; font-weight: bold; text-align: left; padding-bottom: 1pt">Balance at the beginning of the year</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; font-weight: bold; text-align: right">5,240,360</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; font-weight: bold; text-align: right">3,614,921</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Additions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,788,119</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,113,008</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Disposals</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,229,014</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,666,458</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Cash colletion</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(550,119</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(631,103</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Portfolio sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(77,117</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(61,979</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Condonation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(601,778</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(973,376</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Exchange differences and other movements</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,601,385</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,821,111</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Gross carrying amount</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,198,080</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,240,360</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>27.
RISK MANAGEMENT POLICIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Comprehensive
Risk Management is a key discipline for financial institutions. The Group intends to create, through its subsidiaries, a solid
and efficient organization in risk management, the framework for an optimal use of its capital and to identify business opportunities
in the markets and geographic regions in which it operates, seeking the best risk-reward balance for its shareholders. The risk
management framework is communicated to the entire organization and strives to strike a balance between a strong risk culture
and being an innovative company, focused on its customers and recognized for its agile, easy and friendly operating style.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Company&rsquo;s Board of Directors considers that its criteria and guidelines regarding risk management are a key part of its Corporate
Governance. The risks to which the Group is exposed are inherent to the financial industry, such as credit, the market, interest
rate, liquidity, operational risk, reputation and strategic risk. In addition, the Group is exposed to the risk of securitization,
given its leadership role on this issue.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial
risk factors </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Credit
risk </U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Integral Risk Committee approves credit risk strategies and policies submitted in accordance with recommendations provided by
the Integral Risk Corporate Department, the Credit Corporate Department and commercial sectors and in compliance with regulations
set by the Argentine Central Bank. The credit strategy and policy is aimed at the development of commercial opportunities within
the framework and conditions of the Group&acute;s business plan, while keeping suitable caution levels in face of the risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Policies
and procedures enable the definition of accurate aspects aimed at the deployment of the Group&acute;s Strategy related to the
administration of credit risk; among them, the Group&acute;s criteria to grant loans, credit benefits and powers, types of products
and the way in which the structure is organized, among other aspects. Likewise, the Group relies on an integral risk policy where
aspects related to general key risk governance as well as specific manuals and procedures that include, among others, all relevant
regulations issued by the Argentine Central Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&acute;s credit risk management policies are applied to corporate and individuals. To such ends, a customer segmentation
has been defined for Corporate Banking and Personal and Business Banking.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group focuses on supporting companies belonging to sectors with potential, and successful in their activity. Within the range
of credit products offered for the business segment, the Group aims to develop and lead the factoring and leasing market, as well
as to be a benchmark in foreign trade.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Within
Corporate Banking, we seek a solid proposal for medium and large companies&rsquo; market, seeking to maintain proximity with clients
through service centers, agreements with clients throughout their value chain, and providing agile responses through existing
credit processes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 439 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Regarding
Personal and Business Banking, in addition to payroll and senior citizens segments, special focus is placed on Entrepreneurs and SMEs,
SMEs as well as the Banks&acute;s Identit&eacute; segment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the case of CCF, the focus is consumer finance, fundamentally in granting personal loans, credit cards and car loans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
area of Capital Markets and Structuring targets the trust business segment; placement of assets in the capital market through
financial trusts and debt securities, own and of third parties; and for its part, the area of Treasury and Finance has the Trading
Desk within its scope. Among traded products are: interbank call, REPO transactions, corporate call, securities from public sector
and monetary policy instruments of the Central Bank, acquisition of consumer portfolios, third-party financial trusts, negotiation
of financial derivatives (futures, rate swaps, etc.), among others.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is willing to carry out a strategy that enable it to address its contractual commitments, both under normal market conditions
and adverse situations. Therefore, the Group relies on scoring and rating models to estimate probability of default (PD) for the
different client portfolios. As for risk appetite framework, the Group relies on cut-offs for each risk-based segment that express
the maximum risk to be assumed in terms of probability of default.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
addition to PD parameters, the Group relies on estimates of exposure at default (EAD) and loss given default (LGD) parameters
with the purpose of estimating Group&rsquo;s allowance for loan losses and the necessary economic capital to face unexpected losses
that may arise due to credit risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group is aimed at keeping a diversified and atomized portfolio, in order to minimize risk concentration. To such ends, loan originationand
client portfolio profiles are adjusted to each different circumstance. To this end, the entity has an indicators dashboard linked
to the appetite for credit and concentration risk. The evolution of the NPL, Coverage and Cost of Risk indicators is monitored
in relation to target limits established according to risk appetite and the strategy determined in the entity&rsquo;s business plan.
Likewise, there is a portfolio limits scheme that measures balance concentration by debtor or economic group, the concentration
of the main debtors, concentration by value chain, economic activities, portfolio by risk level based on the facility risk rating.
and the exposure in foreign currency both at a total level and by product type.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Credit
Risk Measurement Models </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The Entity relies on models aimed at estimating the distribution of potential credit losses in its credit portfolio, which depend
on defaults by the counterparties (PD &ndash; Probability of Default), as well as the assumed exposure to such defaults (EAD &ndash;Exposure
At Default) and the recoveries of each defaulted loan (LGD &ndash; Loss Given Default).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Based
on the aforementioned, the Group has developed a Risk-Adjusted Return on Capital (RAROC) model.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Regarding
CCF, it also has estimates of the aforementioned parameters related to credit risk and a monitoring model of the RAROC Measurement
metric.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group has deepened its work on the expected loss methodologies under IFRS 9, focusing on methodological improvements in the estimation
of parameters (PD, EAD and LGD), aligning the definition of the parameters to the credit process. The forward looking model has
been redesigned including more variables and openings. Likewise, effects resulting from the pandemic have been evaluated and incorporated
into the expected loss calculation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Allowances
for loan losses calculation </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Based
on the results of the PD (probability of default), EAD (exposure at the time of default) and LGD (loss in the event of default)
estimates, the associated statistical forecast is calculated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Allowances
for loan losses calculation is based on models that analyzes the Group&rsquo;s own portfolio information to estimate, in global
terms, the average value of the loss distribution function over an annual term (expected credit loss). The expected credit loss
is determined based on PD, EAD, and LGD loss factors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 440 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Economic
Capital Calculation </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
economic capital for credit risk is the difference between the portfolio&rsquo;s value at risk (according to the confidence level
for individuals of 99.9% and for companies of 99%) and the expected credit losses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group relies on economic capital models for credit risk (one for individuals and another for companies). Such quantitative models
include the exacerbation of capital by concentration risk and Securitization Risk. In the economic capital calculation models
a one year holding period is used, except from factoring exposures where a six month holding period is used.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Counterparty
Risk Management</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group relies on a Counterparty&rsquo;s Risk Map approved by the Credit Committee where the following limits are defined for each
counterparty according to the Group&rsquo;s risk appetite: credit exposure and settlement limits, foreign exchange settlement
risk, securities settlement risk and Repo transactions settlement risk, among other.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Regarding
the economic capital for the counterparty&rsquo;s risk, it is included in the Economic Capital Quantitative Model for Credit Risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Impairment
of Financial Instruments </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group tests for impairment the financial assets measured at amortized cost, debt instruments measured at fair value through other
comprehensive income, finance lease and financial guarantee contracts and loan commitments granted that are not measured at fair
value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected
cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets,
this difference is discounted using the effective interest rate adjusted by credit rating.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
movements in the allowance for loan losses as of December 31, 2020 are detailed in note 26.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Write-Off
</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group reduce the gross carrying amount of a financial asset when it has no reasonable expectations of recovering a financial asset
in its entirety of a portion thereof. A write-off constitues a derecognition event.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Maximum
Credit Risk Exposure</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
Instruments to which the impairment requirements in IFRS 9 are applied:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">ECL Staging</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Loan Type</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Stage 1<BR> 12-month ECL</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Stage 2<BR> Lifetime ECL</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Stage 3<BR> Lifetime ECL</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; padding-bottom: 1pt">Overdrafts</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">18,228,303</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">610,850</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">146,257</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">18,985,410</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Promissory Notes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,407,922</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">793,555</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,359,458</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,560,935</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unsecured Corporate Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,516,187</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">285,078</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">302,868</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,104,133</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Mortgage Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,894,984</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,118,357</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,044,497</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,057,838</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Automobile and other secured loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,227,511</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">312,404</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">352,278</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,892,193</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Personal Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,046,521</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,452,586</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">624,011</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,123,118</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">Retail</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,535,247</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,425,146</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">510,209</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,470,602</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,511,274</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,440</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">113,802</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,652,516</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Credit Card Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,673,047</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,118,508</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">389,148</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,180,703</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">Retail</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,301,754</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,633,285</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">243,466</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">41,178,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,371,293</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">485,223</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">145,682</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,002,198</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Receivables from Financial Leases</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,817,385</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">217,321</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,820</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,187,526</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign Trade Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,558,036</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,585,023</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,901,861</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,044,920</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Financings</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,759,131</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">746,038</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">163,301</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,668,470</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Receivables from Financial Transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,546,404</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,037</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">59,701</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,640,142</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">133,675,431</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,273,757</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,496,200</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">152,445,388</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 441 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">ECL Staging</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Loan Type</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Stage 1<BR> 12-month ECL</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Stage 2<BR> Lifetime ECL</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Stage 3<BR> Lifetime ECL</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; padding-bottom: 1pt">Overdrafts</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">37,008,385</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">601,442</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,590,928</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">39,200,755</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Promissory Notes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,904,371</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">300,364</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">387,249</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,591,984</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Unsecured Corporate Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,579,312</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">494,932</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,045,787</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,120,031</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Mortgage Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,209,762</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,550,950</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,017,564</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,778,276</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Automobile and other secured loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,088,637</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">354,852</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">217,339</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,660,828</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Personal Loans</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">44,364,398</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6,715,548</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,571,483</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">52,651,429</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Personal and Business Banking</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,793,608</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,099,343</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">592,285</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,485,236</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,570,790</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,616,205</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">979,198</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,166,193</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Credit Card Loans</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42,284,160</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,241,422</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">742,864</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">44,268,446</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Personal and Business Banking</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36,630,601</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,051,965</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370,432</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,052,998</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Consumer Finance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,653,559</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">189,457</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">372,432</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,215,448</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign Trade Loans</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,053,128</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">837,964</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,819,440</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,710,532</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Financings</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,714,901</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">158,201</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">103,923</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,977,025</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other Receivables from Financial Transactions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,511,243</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,471</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62,543</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,596,257</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Receivables from Financial Leases</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,836,879</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">250,933</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">250,565</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,338,377</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">196,555,176</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,529,079</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,809,685</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">217,893,940</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial
Instruments to which the impairment requirements in IFRS 9 are not applied</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets measeured at fair value through profit or loss are not subject to impairment The maximum exposure to credit risk is the
corresponding fair value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Market
risk</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Group
defines Market Risk as the risk resulting from deviations in the trading portfolio value as a result of market fluctuations during
the period required for the settlement of portfolio positions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Risk Department&rsquo;s measurement, control and follow-up perimeter covers those operations where certain loss risk in the Group
 &acute;s shareholders equity value is assumed, as a result of changes in market factors. Such risk results from the variation
in risk factors under evaluation (interest rate, exchange rate, market price of equity instruments and options), as well as liquidity
risk in the different products and markets where the Group operates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">According
to its business strategy, Banco Supervielle is the component of the Group with the greatest exposure to this risk. On the other
hand, Cordial Compa&ntilde;&iacute;a Financiera has a minimum exposure to market risk and associated with liquidity management
purposes. That is why market risk controls present a greater level of detail and emphasis on Banco Supervielle&rsquo;s trading portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
the purpose of measuring the risk of positions homogeneously and therefore, setting a limit and threshold structure to support
management and control schemes, Banco Supervielle uses the VaR model (Value at Risk), which defines the maximum expected loss
to be recorded in a financial asset portfolio in normal market conditions, within a certain period of time and at a pre-established
confidence level. Indicators obtained from this enable the Group to identify a potential market risk and take preventive measures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 442 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market
risk management is focused on the trading portfolio managed by the Trading desk, although there is also a broader control including
managed positions with liquidity management objectives. For this reason, in terms of the broader trading portfolio, the controls
are limited to the exposure to the assumed risk, measured using the VaR methodology, in relation to the regulatory capital (RC).
In addition, a control is carried out on the VaR by group of assets, thus limiting the risk that the Entity can assume in each
group of assets considered in isolation. The objective is to incorporate an element of alert to credit events or break in the
correlations between groups of assets, events that may escape the consideration of a diversified VaR.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
controls over the Trading desk are more exhaustive. Approved strategies and policies are reflected in what is known internally
as a unified Risk Map document, where detailed operations enabled by the Trading desk can be explained in detail. In the same
document the entire framework of controls that translate the risk appetite with which the Entity is willing to operate is exposed.
In this way, limitations are established on the open position in certain financial instruments, VaR limit on the diversified portfolio,
maximum allowable loss amount before executing the stop loss policy and conditions that could lead to the execution of a stop
strategy gain. The entire control scheme is complemented by action plans that must be implemented once a violation occurs within
the limits established therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
exposure to the Group&rsquo;s exchange rate risk at the end of the year by currency type is detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balances as of 12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balances as of 12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Currency</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Monetary Financial Assets</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Monetary Financial Liabilities</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Derivatives</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net <BR>
Position</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Monetary
Financial Assets</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Monetary
Financial Liabilities</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Derivatives</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net <BR>
Position</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 16%; text-align: left; padding-bottom: 1pt">US Dollar</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">42,899,393</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">35,709,785</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">529</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">7,190,137</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">56,061,739</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">50,902,660</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">5,159,079</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Euro</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">974,565</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">785,018</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">189,547</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">807,436</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">783,009</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">24,427</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">293,182</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,208</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">286,974</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">199,362</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">199,362</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">44,167,140</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,501,011</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">529</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,666,658</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">57,068,537</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">51,685,669</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,382,868</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Financial
assets and liabilities are presented net of derivatives, which are disclosed separately. Derivative balances are shown at their
Fair Value at the closing price of the respective currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
table above includes only Monetary Assets and Liabilities, since investments in equity instruments and non-monetary instruments
does not generate foreign exchange risk exposure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
sensitivity analysis was performed considering reasonably possible changes in foreign exchange rates in relation to the Group&rsquo;s
functional currency. The percentage of variation used in this analysis is the same the Group used in its Business Plan and Projections.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Currency</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Variation</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">P/L</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Variation</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">P/L</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 23%; text-align: center; padding-bottom: 1pt; padding-left: 3.5pt">US Dollar</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">40.20</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2,687,853</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">2,687,853</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">31.9</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">270,549</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">270,549</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(40.20</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(2,687,853</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(2,687,853</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(31.9</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(270,549</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(270,549</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 3.5pt">Euro</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">40.20</TD><TD STYLE="text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">75,960</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">75,960</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31.9</TD><TD STYLE="text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">7,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(40.20</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(75,960</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(75,960</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(31.9</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(7,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(7,793</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 3.5pt">Other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">40.20</TD><TD STYLE="text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">115,338</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">115,338</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31.9</TD><TD STYLE="text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">61,993</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">61,993</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(40.20</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(115,338</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(115,338</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(31.9</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(61,993</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(61,993</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 3.5pt">Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">40.20</TD><TD STYLE="text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,879,151</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,879,151</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31.9</TD><TD STYLE="text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">340,335</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">340,335</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(40.20</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(2,879,151</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(2,879,151</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(31.9</TD><TD STYLE="text-align: left">)%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(340,335</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(340,335</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Sensitivity
Analysis</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">It
is important to note that within the daily report provided to the trading desk for the monitoring of the exposure to assumed risk,
the Financial Risk Management makes a comparison between the profitability obtained and the implicit risk for each asset. When
using a diversified VaR methodology, it is important to provide information related to the contribution that each asset in the
portfolio makes to the aggregate VaR measurement, and fundamentally if this asset generates risk diversification or not. That
is why, within the variables included in the daily report, the VaR component of each asset is included, thus allowing a sensitivity
analysis on the impact of each asset on the total risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 443 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->80<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
the aim of improving the assumed risk analysis through the use of alternative measurement metrics, the Group recognizes the change
in market conditions on exposure to risk through an adjustment to the volatilities used in the VaR calculation. According to the
methodology used, the returns of assets registered in more recent dates have a greater incidence in the calculation of volatilities.
In parallel, the Entity performs a measurement and monitoring of the assumed risk through the application of an expected shortfall
methodology, analyzing the universe of unexpected losses located in the distribution queue beyond the critical point indicated
by VaR.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Economic
capital calculation </U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Banco
Supervielle adopts the diversified Parametric VaR methodology for the calculation of market risk economic capital, both at a consolidated
and individual level. It should be noted that in the case of Cordial Compa&ntilde;&iacute;a Financiera, according to the provisions
established by the Argentine Central Bank, its Board of Directors has chosen to quantify its needs for economic capital by applying
a simplified methodology. According to this methodology, the aggregate economic capital arises from the following expression:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">EC
= (1,05 x MC) + max [0; &Delta;EVE &ndash; 15 % x bS)]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Where,
EC: economic capital according to profile&rsquo;s risk (ICAAP).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">MC:
Minimum capital requirement in accordance with Argentine Central Bank regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&Delta;EVE
(Economic Value): measure of interest rate risk calculated according to the Standardized Framework bS (Basic Shareholders&rsquo;
equity) : Tier 1 capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Interest
Rate Risk </U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Interest
Rate Risk is the risk derived from the likelihood that changes in the Group&rsquo;s financial condition occur as a result of market
interest rate fluctuations, having effect on its financial income and economic value. The following are such risk factors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Different
                                         terms maturity and interest rate re-adjustment dates for assets, liabilities and off
                                         balance sheet items.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Forecast,
                                         evolution and volatility of local interest rates and foreign interest rates.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         basis risk that results from the unsuitable correlation in the adjustment of assets and
                                         liabilities interest rates for instruments that contain similar revaluation features;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s interest rate risk management model, includes the analysis of interest rates gaps. Such analysis enables the basic
explanation of the financial statement structure as well as the detection of interest rate risk concentration along the different
terms. Special attention focuses on the accumulated gap during the first ninety days, as it is the holding period used when evaluating
exposure to interest rate risk in each of the entities and due to its relevance when evaluating actions that may modify the structural
balance positioning.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
interest rate risk management is aimed at keeping the Group&rsquo;s exposure within those levels of risk appetite profile validated
by the Board upon changes in the market interest rates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
such ends, the interest rate risk management relies on the monitoring of two metrics:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>MVE
                                         &ndash; VaR Approach</I></B>: measures the difference between the economic values estimated
                                         given the interest rate market curve and said value estimated given the interest rate
                                         curve resulting from the simulation of different stress scenarios. The Group uses this
                                         approach to calculate the economic capital for this risk. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>NIM
                                         &ndash; EaR Approach</I></B>: measures changes in expected accruals over a certain period
                                         of time (12 months) upon an interest rate curve shift resulting from a different stress
                                         situation simulation practices.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 444 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->81<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">During
2018, with the publication of Communication &ldquo;A&rdquo; 6397, the Argentine Central Bank presented the applicable guidelines
for the treatment of interest rate risk in the investment portfolio. The regulation makes a distinction between the impact of
fluctuations in interest rate levels on the underlying value of the entity&rsquo;s assets, liabilities and off-balance sheet items (economic
value or MVE), and the alterations that such movements in the interest rate may have on sensitive income and expenses, affecting
net interest income (NII). This same criterion had already been adopted by Banco Supervielle, so that the new regulations implied
a readaptation of the management model to the suggested measurement methodology, maintaining some criteria and incorporating others.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
established by the regulator, both Banco Supervielle and Cordial Compa&ntilde;ia Financiera must use the Standardized Framework
described in point 5.4. of the Communication &quot;A&quot; 6397 for the measurement of the impact on the economic value of the
entities (&Delta;EVE) of six proposed disturbance scenarios. These scenarios include parallel movements in the curves of market
interest rates upwards or downwards, flattening or steepening of the slope of these curves, as well as an increase or decrease
in short-term interest rates. A base curve of market interest rates is considered for each of the significant currencies in the
financial statement of each entity. According to the applicable regulation, Banco Supervielle has to use an internal measurement
system (SIM) for measurement based on results (&Delta;NIM). This requirement is not applicable to Cordial Compa&ntilde;&iacute;a
Financiera. It is important to highlight that Banco Supervielle, which has not been qualified by the Argentine Central Bank as
having a local systemic importance (D-SIB), is not legally bound to have its own internal measurement system (SIM) for the measurement
based on economic value (&Delta;EVE).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Beyond
the regulatory provisions, it is important to note that both Banco Supervielle and Cordial Comap&ntilde;ia Financiera have been
working with internal measurement systems (SIM) to measure the impact of rate fluctuations, both on economic value (&Delta;EVE)
and on results (&Delta;NIM). The development of these systems included the definition of assumptions for the determination of
the maturity flow of different lines of assets and liabilities without defined maturity or with implicit or explicit options of
behavior.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">During
2020 an important methodological change was implemented, since the Entity decided to align itself with the provisions of the Standardized
Framework in relation to assets and liabilities with Units of Purchasing Power (UVA) adjustment and stopped considering them as
susceptible to interest rate risk in the risk calculation with its internal measurement systems (SIM).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Improvements
were made to the dynamic rate GAP measurement tool, allowing various sensitivity exercises to be carried out in a year characterized
by a changing context and numerous regulations that altered financial margins.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Economic
Capital Calculation </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
a first step to calculate economic capital, Banco Supervielle calculates its exposure to interest rate risk from the MVE-EaR (economic
value) approach of its internal measurement system (SIM), using a holding period of three months (90 days) and a confidence level
of 99%. This quantitative model includes the exacerbation of capital by securitization risk. The result obtained is compared with
the worst result of the alterations proposed in the six scenarios proposed by the Standardized Framework, with the resulting economic
capital being the worst of both measurements (SIM and Standardized Framework).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the case of Cordial Compa&ntilde;&iacute;a Financiera, as mentioned above, the Entity&rsquo;s Board of Directors has chosen
to quantify its needs for economic capital by applying a simplified methodology. With regard to interest rate risk, the Group
measures the impact of fluctuations in market interest rates on the economic value based on the application of the
Standardized Framework. In the event that the worst &#9744; EVE of the six scenarios proposed by the regulation exceeds 15%
of the basic net worth (capital level one) of the Entity, the sum of the economic capital calculated according to the
simplified methodology would be increased by said excess.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
exposure to interest rate risk is detailed in the table below. It presents the residual values and average rate &#8203;&#8203;of
the assets and liabilities, categorized by date of renegotiation of interest or expiration date, the lowest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 445 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->82<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Term in days</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Assets and Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Up to 30</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 30 to 90</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">from 90 to 180</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; white-space: nowrap">from 180 to 365</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">More than 365</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; white-space: nowrap"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="font-weight: bold; text-align: center">To 12/31/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 17%; text-align: left; padding-bottom: 1pt">Total Financial Assets</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">94,212,108</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">23,283,810</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">21,884,220</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">13,991,605</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">76,333,380</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">229,705,123</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total Financial Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(110,298,588</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(23,704,722</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(5,066,130</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,500,505</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(69,482,671</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(210,052,616</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net Amount</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16,086,480</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(420,912</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,818,090</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,491,100</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,850,709</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,652,507</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Average rate Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">33.76</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">37.13</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">37.10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">44.08</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22.70</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31.37</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Average rate Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31.29</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16.88</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">15.85</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">42.82</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">13.45</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">23.60</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Term in days</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Assets and Liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Up to 30</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 30 to 90</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">from 90 to 180</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; white-space: nowrap">from 180 to 365</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">More than 365</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; white-space: nowrap"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="font-weight: bold; text-align: center">To 12/31/2019</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 17%; text-align: left; padding-bottom: 1pt">Total Financial Assets</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">57,417,639</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">20,427,549</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">15,594,538</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">16,684,376</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">69,002,031</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">179,126,133</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total Financial Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(68,842,995</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(18,271,575</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(6,965,625</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(9,086,825</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">(60,866,894</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(164,033,914</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net Amount</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,425,356</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,155,974</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,628,913</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,597,551</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,135,137</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,092,219</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Average rate Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">50.15</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">62.53</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">62.88</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">61.73</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31.39</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">46.52</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Average rate Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">40.67</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">36.72</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">28.94</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">34.96</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">25.25</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">33.70</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
table below shows the sensitivity to a reasonably possible additional variation in interest rates for the next year, taking into
account the composition as of December 31, 2020. Variations in rates were determined considering the scenarios set by Communication
 &quot;A&quot; 6397 for the calculation of the Interest Rate Risk in the Investment Portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Concepto</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additional variation in the interest rate</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Increase / (decrease) in the income statement</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additional variation in the interest rate</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Increase / (decrease) in the income statement</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt">Decrease in the interest rate</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right; padding-bottom: 1pt">4% ARS; 2% USD</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(433,698</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right; padding-bottom: 1pt">4% ARS; 2% USD</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(486,558</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Increase in the interest rate</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-bottom: 1pt">4% ARS; 2% USD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">430,992</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-bottom: 1pt">4% ARS; 2% USD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">354,392</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
the market interest rates for instruments denominated in pesos decreased by 4 percentage points and f 2 percentage points for
those denominated in US dollars, net income for the year would decrease by 433,698 and 486,558 as of the end of December 31, 2020
and 2019 respectively. On the contrary, if the interest rates increased in equal measure, net income for the year would increase
by 430,992 and 354,392 respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Liquidity
Risk </U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group defines Liquidity Risk as the risk of assuming additional financing expenses upon unexpected liquidity needs. Such risk
results from the difference of sizes and maturities between the Group&rsquo;s assets and liabilities. Such risks involve the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Funding
                                         Liquidity Risk means the risk to obtain funds at normal market cost when needed, based
                                         on the market&rsquo;s perception of the Group. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Market
                                         Liquidity Risk means the risk resulting from the Group&rsquo;s incapacity to offset an
                                         asset position at market price, as a consequence of the following two key factors:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 35.45pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 21.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Assets
                                         are not liquid enough,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 35.45pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 21.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Changes
                                         in the markets where those assets are traded.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Liquidity
and concentration indicators of funding sources are used to determine the tolerance to this risk, starting from the most restrictive
definitions to the most comprehensive ones.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 446 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->83<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are the main core metrics used for liquidity risk management:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>&nbsp;</I></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>LCR
                                         (Liquidity Coverage Ratio)</I></B>: measures the relation between high quality liquid
                                         assets and total net cash outflows over a 30-day period. The Group estimates this indicator
                                         on a daily basis, having met during the year the minimum value established by law, as
                                         well as that established internally based on their risk appetite.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Net
                                         Stable Funding Ratio (NSFR):</I></B> measures the ability of the Group to fund its activities
                                         with sufficiently stable sources to mitigate the risk of future stress situations arising
                                         from its funding. The Group calculates this indicator on a daily basis, having complied
                                         with the minimum value required by the regulator and that that established internally
                                         based on its risk appetite.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 17.45pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Coverage
                                         of Remunerated Accounts and Pre-Payable Term Deposits </I></B>this indicator is aimed
                                         to reduce funding dependence of unstable sources in non-liquid scenarios.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
addition, the Assets and Liabilities Committee performs a daily monitoring of some follow-up metrics . Such indicators are used
to analyze the main components of LCR while assessing the Group&rsquo;s liquidity condition and warning upon trend changes that
may affect the guidelines set by the risk appetite policy. Additionally, within these monitoring indicators, Committee assess
for the availability of liquid assets to respond to an eventual withdrawal of more volatile deposits, such us remunerated sight
accounts and deposits of the public sector in foreign currency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">During
2020 the local financial market operated with high levels of liquidity due to the impact of restrictions on mobility, the consequent
drop in the level of economic activity and the strong monetary issue faced by the Central Bank of Argentina to cover the needs
of assistance to the sectors affected by the COVID-19 pandemic. This strong initial growth of the monetary base had its correlation
in the use of LELIQ and Pasive Repo by the monetary authority as an absorption mechanism. In line with the aforementioned, Banco
Supervielle experienced strong growth in demand balances, both for retail and institutional clients. The latter, with their correlate
in loans to the Central Bank of Argentina via LELIQ and / or Repo, counteracted the positive effect of growth in retail balances
and put pressure on the LCR, which was effectively managed throughout the year, staying within comfort values established by the
Board of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Liquidity
in dollars strengthened throughout the year. On the one hand, the strong drop in deposits that began in August 2019 gradually
diminished until reaching a reversal and slightly positive monthly variations towards the end of 2020. This was combined with
an active management of loan collections in dollars, which is reflected in a significant fall in balances on this line of the
balance sheet.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Economic
capital calculation </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group relies on the following elements that ensure the suitable management of this type of risk:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Broad
                                         liquidity indicators dashboard, to monitor liquidity levels. Each indicator relies on
                                         its relevant threshold and limit, which are monitored on a daily basis by the Risk Area
                                         (sending due warnings upon violation cases), on a byweekly basis by the Assets and Liabilities
                                         Committee (ALCO) and on a monthly basis by the Integral Risk Committee. Likewise, a weekly
                                         report is drawn up and sent to members of the Integral Risk Committee, ALCO and the Board.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Indicators
                                         that measure the concentration of funding sources, establishing the Group&rsquo;s risk
                                         appetite.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 17.45pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Development
                                         and monitoring of new liquidity coverage and leverage indicators set by the Argentine
                                         Central Bank in compliance with Basle III route map. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Different
                                         liquidity risk follow-up tools have been added, including a disaggregate assessment of
                                         contractual term mismatches and funding concentration reports, by counterparty, product
                                         and significant currency. The accuracy of the information required for such reports contributed
                                         to the improvement of our Risk Management Information System (MIS).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         liquidity coverage ratio is used to assess the Group&rsquo;s capacity to meet liquidity
                                         needs over a 30-day period within a stress scenario described by the Argentine Central
                                         Bank. The follow-up of this indicator is carried out on a daily basis, keeping the Group&rsquo;s
                                         liquidity director and officials updated on its evolution. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Permanent
                                         monitoring of limit and threshold compliance in virtue of the stable funding ratio (NSFR).
                                         </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 447 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->84<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Individual
                                         stress tests, carried out on a daily basis upon an eventual critical scenario of a sudden
                                         withdrawal of deposits and its impact on the minimum cash position and LCR. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Intraday
                                         liquidity monitoring tools as indicated above.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#10003;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Regarding
                                         contingency plans, the Group follows a policy that ensures the application of its guidelines
                                         in stress tests, according to the decision taken by ALCO Committee and Integral Risk
                                         Committee. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Risk management framework described herein enables a suitable liquidity condition; therefore, the Group considers the economic
capital estimation unnecessary to cover such risk, as long as the Group&rsquo;s solvency should not be affected once the stress
tests contingency plan have been implemented.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Below
is an analysis of the assets and liabilities maturities, determined based on the remaining period as of December 31, 2020 and
2019 until the contractual maturity date, based on undiscounted cash flows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of 12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Less than 1 month</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 6 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 6 to 12 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">More than 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold; text-align: left; padding-bottom: 1pt">Cash and due from banks</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">36,717,126</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">36,717,126</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Cash</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,868,539</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">12,868,539</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financial institutions and correspondents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Argentine Central Bank</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">19,836,222</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">19,836,222</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Other local financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,848,820</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,848,820</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">163,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">163,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Debt Securities at fair value through profit or loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,995,709</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,863,084</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">654,825</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,023,869</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,537,487</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Derivatives</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Reverse Repo transactions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,452,025</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,452,025</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other financial assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,995,834</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,995,834</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Loans and other financing</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,751,292</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">45,402,101</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,099,375</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">31,723,942</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,578,926</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">113,555,636</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">To the non-financial public sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">23,289</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">23,289</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">To the financial sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,206</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,702</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,544</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">13,452</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">To the Non-Financial Private Sector and Foreign residents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16,723,797</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">45,395,399</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16,096,831</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31,723,942</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">3,578,926</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">113,518,895</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other debt securities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,385,679</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">639,210</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,089,420</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,966,933</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">100,395</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,181,637</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Financial assets pledged as collateral</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,686,400</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,680,854</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">717,294</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,907,549</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">311,972</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,304,069</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">109,132,175</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">53,585,249</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">24,560,914</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,622,293</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,987,127</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">236,887,758</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of 12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Less than 1 month</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 6 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 6 to 12 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">More than 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold; padding-bottom: 1pt">Deposits</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">132,523,336</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">26,459,417</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">5,289,801</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">10,644,216</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">4,566,477</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">179,483,247</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Non-financial public sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,331,241</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,493,437</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">55,608</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">112,268</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">57,938</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,050,492</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Financial sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">89,090</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">89,090</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Non-financial private sector and foreign residents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">126,103,005</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">24,965,980</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,234,193</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,531,948</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,508,539</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">171,343,665</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Liabilities at fair value through profit or loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,547,937</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,547,937</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Repo transactions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other financial liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,732,441</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,732,441</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">68,390</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,989,029</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,855,366</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,917,967</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,830,752</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Unsubordinated debt securities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,586,903</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">455,669</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,295,122</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,337,694</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Subordinated debt securities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">39,259</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,170,903</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,210,162</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt">TOTAL LIABILITIES</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">140,324,167</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">34,622,545</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">8,771,739</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">13,857,305</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,566,477</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">202,142,233</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 448 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of 12/31/2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Less than 1 month</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 6 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 6 to 12 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">More than 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold; text-align: left; padding-bottom: 1pt">Cash and due from banks</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">26,670,491</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">26,670,491</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt">Cash</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,822,591</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">8,822,591</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financial institutions and correspondents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Argentine Central Bank</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16,381,107</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">16,381,107</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Other local financial institutions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,435,202</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,435,202</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.125in">Others</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31,591</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">31,591</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Debt Securities at fair value through profit or loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">430,513</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">430,513</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Derivatives</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">257,587</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">257,587</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Reverse Repo transactions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other financial assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">939,852</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">939,852</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Loans and other financing</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,306,539</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,856,149</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,084,678</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,046,665</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,106,681</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">91,400,712</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">To the non-financial public sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">28,872</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">28,872</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">To the financial sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,355</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">17,375</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">9,763</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">10,492</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">42,985</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">To the Non-Financial Private Sector and Foreign residents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">21,272,312</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">32,838,774</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">14,074,915</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,036,173</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,106,681</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">91,328,855</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other debt securities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,171,139</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">401,722</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,090,168</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,663,029</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Financial assets pledged as collateral</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">765,391</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,880,890</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">733,929</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,055,037</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,982,106</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,417,353</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">56,601,660</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,138,761</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">17,908,775</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">24,101,702</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,028,639</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">138,779,537</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of 12/31/2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Less than 1 month</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 6 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 6 to 12 months</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">From 1 to 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">More than 5 years</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold; padding-bottom: 1pt">Deposits</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">61,988,823</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">6,814,743</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">23,328,510</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">17,172</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">92,149,248</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Non-financial public sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">4,984,287</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">96,282</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">389,608</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,470,177</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financial sector</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">37,358</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">37,358</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Non-financial private sector and foreign residents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">56,967,178</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">6,718,461</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">22,938,902</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">17,172</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">86,641,713</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Liabilities at fair value through profit or loss</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">189,554</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">189,554</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Repo transactions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">225,144</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">225,144</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other financial liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,894,660</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,894,660</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">96,682</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,197,676</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">279,037</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,453,649</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,027,044</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Unsubordinated debt securities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,376,997</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,095,134</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,144,238</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,616,369</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Subordinated debt securities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">75,654</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,423,084</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">861,402</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,360,140</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt">TOTAL LIABILITIES</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">70,394,863</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">13,465,070</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">28,125,765</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">9,476,461</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">121,462,159</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>28.
<FONT STYLE="text-transform: uppercase">INTERNATIONAL FINANCING PROGRAMS</FONT></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 32.2pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
December 2017, Banco Interamericano de Desarrollo (BID) granted Banco Supervielle S,A, a loan (tranche A) for USD 40,000,000,
USD 35,000,000 of which are settled over a three-year term and the remaining USD 5,000,000 over a five-year term, In June 2018,
the Bank was granted a loan (tranche B) for USD 93,500,000, USD 40,000,000 are settled over a year term and the remaining USD
53,500,000 are settled over ywo years and a half,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
turn, in September 2019, the Entity was granted a senior non-guaranteed syndicated loan for USD 80,000,000 (eighty million US
Dollars) at a three-year term and a Libor interest rate +3,40% by the FMO, the Dutch development bank, as organizer, and Proparco,
a subsidiary of the French Development Agency, Such funds were immediately allocated among Small and Medium Size Companies Clients
of our portfolio who run their businesses in regional exporting economies in different sectors,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 449 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->86<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">It
is worth to be mentioned that such agreement is subject to the compliance of certain financial covenants, certain &ldquo;do and
do not do&rdquo; conditions as well as certain reporting requirements,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2019, the Entity did not meet the non-performing loan ration nor the coverage, Therefore, on January 29, 2020,
the Entity started the process to receive a waiver with BID, which was made effective on February 18, 2020, As a result of such
waiver, BID waives its right to accelerate such debt resulting from the breach in non-performing loan ratios and coverage ratios
over a period that started on October 1, 2019 and finished in December 31, 2019, Likewise, on April 16, 2020 new exemptions were
requested thus extending the agreed terms until April 30, 2020,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
August 11, 2020, a new amendment was agreed that extends the agreed deadlines from May 1, 2020 to December 31, 2020,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31 and as of the date of issuance of these financial statements, the Bank was in compliance with the financial covenants
of both loans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>29.
BUSINESS COMBINATIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>EASY
                                         CAMBIO S,A,</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7.1pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
October 16, 2020, the Group acquired 100% of the capital stock of Easy Cambio S,A, for a total price of $13,7 millons, a company
authorized by the Central Bank of the Argentine Republic as Exchange Agent, in order to expand the offer of financial services
provided to individual clients throughout the country,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
amounts recognized as of the date of acquisition for each main class of assets acquired and liabilities assumed are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 86%; text-align: left">Cash and Due from Banks</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">6,474</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,240</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Miscellaneous obligations</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(28</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net identifiable assets acquired</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,686</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: underline; text-align: left">Consideration of the acquisition:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">- Amount paid net of expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,978</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Net cash flow used - investment activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,978</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Goodwill</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,292</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
goodwill determined is attributable to the synergies that exist between the Easy Cambio S,A, business, and that of the Group,
If the acquisition had occurred on January 1, 2020, Grupo Supervielle&rsquo;s net result would have been 3,411,124,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>30.
ASSETS AND LIABILITIES IN FOREIGN CURRENCY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>At</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">At
    12/31/2020&nbsp;&nbsp;(per currency)</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>At</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Items</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle"> 12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Dollar</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Euro</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Real</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Others</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">ASSETS</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%; text-align: left">Cash and Due from Banks</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">20,398,250</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">19,133,411</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">972,675</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">15,461</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">276,703</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">18,919,331</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Government and corporate securities at fair value with changes in results</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,846,252</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,846,252</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">959,676</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Derivatives</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">529</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">529</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,133,994</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,133,884</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">110</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,567,666</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Loans and other financing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,222,168</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,219,370</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,780</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,018</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,246,976</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other Debt Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,800,665</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,800,665</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">88</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financial assets in guarantee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">524,543</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">524,543</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,130,740</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-financial assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">240,739</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">240,739</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">244,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">44,167,140</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">42,899,393</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">974,565</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,461</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">277,721</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">57,068,537</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>
<!-- Field: Page; Sequence: 450 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->87<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;At</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">At
    12/31/2020&nbsp;&nbsp;(per currency)</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>At</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Items</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle"> 12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Dollar</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Euro</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Real</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">Others</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: middle">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">LIABILITIES</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 28%">Deposits</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">25,199,406</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">24,737,162</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">462,244</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">31,770,757</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">903,482</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">903,332</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">150</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,956,100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in">Financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,057</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,057</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,337</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0.125in">Non-financial private sector and foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">24,293,867</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23,831,773</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">462,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,802,321</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Liabilities at fair value with changes in results</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other financial liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,378,133</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,049,159</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">322,767</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,194</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,570,567</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financing received from the Argentine Central Bank and other financial entities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,200,132</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,200,132</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,993,994</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,202,858</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,202,858</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Subordinated negotiable obligations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,140,468</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,140,468</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,886,028</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-financial liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">380,014</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">380,006</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">464,323</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL LIABILITIES</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,501,011</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">35,709,785</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">785,018</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">13</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">6,195</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">51,685,670</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">NET POSITION</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,666,129</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,189,608</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">189,547</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,448</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">271,526</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,382,867</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>31.
CURRENT/NON-CURRENT DISTINCTION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
group has adopted the presentation of all assets and liabilities in order of liquidity due to this presentation provides information
that is reliable and more relevant,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the amount expected to be recovered or settled after more than twelve months for each asset and
liability line item is as follows:&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="text-align: center; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">No more than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">More than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">No more than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">More than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold; text-align: justify">Cash and due from banks</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">36,674,869</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">36,674,869</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">35,945,335</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">35,945,335</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 0.125in">Cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,792,522</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,792,522</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,913,814</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,913,814</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 0.125in">Argentine Central Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,623,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,623,684</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21,683,569</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21,683,569</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 0.125in">Other local financial institutions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,106,336</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,106,336</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,307,232</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,307,232</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 0.125in">Others</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">152,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">152,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">40,720</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">40,720</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Debt Securities at fair value through profit or loss</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,871,903</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">773,961</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">773,961</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Derivatives</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">143,944</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">143,944</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">350,680</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">350,680</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Reverse Repo transactions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,354,735</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,354,735</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Other financial assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,285,221</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,285,221</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,854,686</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,854,686</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Loans and other financing</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">75,152,213</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">30,242,973</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">105,395,186</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">84,171,764</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">35,645,583</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">119,817,347</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 0.25in">To the non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,632</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,898</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23,530</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,557</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,307</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 0.25in">To the financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,062</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,062</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44,746</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">43,095</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">87,841</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 0.25in">To the Non-Financial Private Sector and Foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">75,127,519</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30,232,075</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">105,359,594</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">84,117,461</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35,572,738</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">119,690,199</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Other debt securities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,836,567</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,023,408</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">40,859,975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,759,182</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">479,158</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,238,340</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Financial assets in guarantee</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,904,935</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,904,935</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,261,336</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,261,336</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Current income tax assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">139,487</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">139,487</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,964</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">60,521</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">60,521</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Investments in equity instruments</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,954</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">96,374</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">116,328</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,848</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,848</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,103,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,103,638</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,448,454</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,448,454</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Investment Property</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,997,945</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,997,945</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,520,143</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,520,143</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify">Intangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,782,538</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,782,538</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,919,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,919,425</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">Deferred income tax assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">451,540</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,864,345</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,315,885</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">211,921</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,063,254</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,275,175</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt">Other non-financial assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">717,343</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">635,537</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,352,880</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,027,614</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">767,863</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,795,477</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">183,484,188</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">65,746,758</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">249,230,946</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">146,556,487</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">55,863,728</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">202,420,215</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 451 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->88<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="text-align: center; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">LIABILITIES</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">No more than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">More than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">No more than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">More than 12 months after the reporting period</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 28%; font-weight: bold">Deposits</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">178,641,218</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">376</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">178,641,594</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">121,174,622</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">1,633</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">121,176,255</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Non-financial public sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,911,255</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,911,255</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,447,131</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,447,131</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Financial sector</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">57,416</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">57,416</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38,253</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38,253</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Non-financial private sector and foreign residents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">170,672,547</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">376</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">170,672,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">113,689,238</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,633</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">113,690,871</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities at fair value through profit or loss</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,002,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,002,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">258,060</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">258,060</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">Derivatives</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,995</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,995</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Repo Transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">435,401</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">435,401</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Other financial liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,814,747</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">714,142</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,528,889</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,646,963</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">763,021</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,409,984</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Financing received from the Argentine Central Bank and other financial institutions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,522,424</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">329,868</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,852,292</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,827,975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">448,635</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,276,610</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Unsubordinated negotiable Obligations</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,155,866</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,070,882</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,226,748</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,830,502</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,455,661</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,286,163</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Current income tax liability</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,288,267</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,288,267</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Subordinated negotiable obligations</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,140,469</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,140,469</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,790,228</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,095,800</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,886,028</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">Provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,181</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">638,911</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">681,092</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,570</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">892,126</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">921,696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Deferred income tax liability</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,005</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">689,268</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">689,268</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other non-financial liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,325,372</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,820,730</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,146,102</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,886,616</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,289,048</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,175,664</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TOTAL LIABILITIES</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">208,976,549</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,574,909</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">213,551,458</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">162,569,205</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,945,924</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">170,515,129</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>32.
OFFSETTING OF FINANCIAL ASSET AND LIABILITIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
financial asset and a financial liability shall be offset and the net amount presented in the statement of financial position
when, and only when, the Group fulfill with paragraph 42 of IAS 32, and currently has a legally enforceable right to set off the
recognized amounts; and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
addition, the Group has master netting arrangement that not satisfies the offsetting criteria but creates a right of set-off that
becomes enforceable and affects the realization or settlement of individual financial assets and financial liabilities only following
a specified event of default or in other circumstances not expected to arise in the normal course of business,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the amount of assets and liabilities subject to a master netting arrangement not offset is as follows:&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Net in<BR>
Financial</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amounts subject to a master <BR>
netting arrangement not offset</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2020</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gross <BR>
amount (a)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount <BR>
offset (b)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> Statements <BR>
(c) = (a) &ndash; (b)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Financial asset / <BR>
(Financial liability)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Collateral</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 24%; text-align: left">Credit cards transactions</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: right">(3,143,567</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">487,207</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(2,656,360</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Derivatives instruments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">103,093</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">40,851</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">143,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">103,093</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">40,851</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">143,944</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(3,143,567</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">487,207</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(2,656,360</TD><TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Net in<BR>
Financial</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amounts subject to a master <BR>
netting arrangement not offset</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 11pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2019</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gross <BR>
amount (a)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount <BR>
offset (b)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> Statements <BR>
(c) = (a) &ndash; (b)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Financial asset / <BR>
(Financial liability)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Collateral</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 24%; text-align: left">Credit cards transactions</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: right">(3,115,913</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">827,175</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">(2,288,738</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Derivatives instruments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">423,353</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(72,673</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">350,680</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">423,353</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(72,673</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">350,680</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(3,115,913</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">827,175</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(2,288,738</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 452 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->89<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>33.
MINIMUM CAPITAL REQUIREMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Central Bank requires financial institutions to maintain minimum capital amounts measured as of each month&rsquo;s closing, The
minimum capital is defined as the greater of (i)&nbsp;the basic minimum capital requirement, which is explained below, or (ii)&nbsp;the
sum of the credit risk, operational risk and market risk, Financial institutions (including their domestic Argentine and international
branches) must comply with the minimum capital requirements both on an individual and a consolidated basis,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following table sets forth information regarding excess capital and selected capital and liquidity ratios of the Bank, consolidated
with CCF:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
stated above under &ldquo;Presentation of Financial and Other Information&rdquo;, we have prepared our audited consolidated financial
statements for 2019, 2018 and 2017 under IFRS, Minimum capital requirement has been prepared in accordance with the rules of the
Argentine Central Bank, which is not comparable to data prepared under IFRS.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year ended December&nbsp;31,(2)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2020</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-style: italic; text-align: center">(in thousands of Pesos except percentages and ratios)</TD><TD STYLE="font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Calculation of excess capital:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; text-align: left">Allocated to assets at risk</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">9,047,140</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">7,164,842</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">6,090,341</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Allocated to Bank premises and equipment, intangible assets and equity investment assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,350,035</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">826,133</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370,233</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Market risk</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">551,765</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">251,739</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">301,724</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest rate risk</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Public sector and securities in investment account,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,651</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,472</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96,882</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Operational risk</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,233,793</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,349,952</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,486,516</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Required minimum capital under Central Bank rules</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,210,384</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,604,138</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8,345,696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Basic net worth</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,242,263</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,991,091</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,847,865</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Complementary net worth</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,090,865</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,033,734</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,163,939</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Deductions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,028,227</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,999,716</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(867,798</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Total capital under Central Bank rules</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,304,901</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,025,109</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,144,006</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Excess capital</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,094,517</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,420,971</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,798,310</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Selected capital and liquidity ratios:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Regulatory capital/risk weighted assets<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,29</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,90</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Average shareholders&rsquo; equity as a percentage of average total assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,16</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,40</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,90</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total liabilities as a multiple of total shareholders&rsquo; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,5</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,1</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,4</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Cash as a percentage of total deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,31</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,20</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,10</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Tier 1 Capital / Risk weighted assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,80</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,80</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(1)</SUP>&nbsp;&nbsp;
Risk Weighted Assets includes operational risk weighted assets, market risk weighted assets, and credit risk weighted assets,
Operational risk weighted assets and market risk weighted assets are calculated by multiplying their respective required minimum
capital under Central Bank rules by 12,5, Credit Risk Weighted Assets is calculated by applying the respective credit risk weights
to our assets, following Central Bank rules,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(2)</SUP>&nbsp;&nbsp;
Nominal values without inflation adjustment,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>34.
IMPACT OF COVID-19 ON GROUP`S OPERATIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group operates in a complex economic context which main variables have been featured by strong volatility at a national and international
level,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
pandemic outbreak in March 2020 produced by Covid-19 has had significant consequences globally, most countries implemented a series
of unprecedented restrictions, The different sanitary restricting measures produced, to a greater or lesser extent, an almost
immediate impact on economies which witnessed the quick fall of production and activity indicators, Accordingly, most governments
implemented fiscal aid packages to sustain part of the population&rsquo;s income and reduce the risk of breaches in payment chains;
thus, avoiding a financial and economic crisis as well as companies&acute; bankruptcies, Argentina was not the exception and the
Government took action in the wake of the pandemic,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 453 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->90<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Argentine economy was in a recessive process and the pandemic outbreak in March 2020 turned the scenario even more complex, The
country is expected to close 2020 with activity fall,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following are the main local indicators:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45.8pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">GDP
                                         estimated fall (EMAE) as of December 2020 amounted to a 10,0%,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45.8pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accrued
                                         inflation between January 1, 2020 and December 30, 2020 amounted to a 36,1% (Consumer
                                         Price Index - CPI),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45.8pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Between
                                         January 1, 2020 and December 30, 2020, the peso recorded a 40% depreciation against the
                                         USD, according to the Exchange rate released by Banco de la Naci&oacute;n Argentina,
                                         </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45.8pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         monetary authority implemented additional Exchange restrictions which, in turn, affected
                                         the foreign currency value in existing alternative markets for certain Exchange operations
                                         restricted in the official market, </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These
measures, aimed at restricting the access to the exchange market with the purpose of containing the demand of dollars, entail
the Argentine Central Bank&acute;s prior authorization request for certain operations; thus, the following operations impact for
the society:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payment
of dividends and earnings to non-residents</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42.55pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 14.15pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payment
                                         of financial loans granted to non-residents: those companies that register scheduled
                                         capital maturities between 10/15/2020 and 03/31/2021 shall submit a capital refinancing
                                         program of at least the 60%, with new external indebtedness and an average life of two
                                         years and shall be allowed to acquire only the equivalent to the 40% of agreed-upon capital
                                         commitments</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payment
of debt securities issuance with public registration</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payment
of indebtedness among residents in foreign currency</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Additionally,
the exchange regime mandated the registration and settlement of funds resulting from the following operations and concepts in
local currency:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exports
of goods and services</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Collection
of prefinancings, advances and post-financing of exports of goods</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exports
of services</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Disposal
of non-produced non-financial assets</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&minus;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Disposal
of external assets</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Such
exchange restrictions, or those to be issued, might affect the Group&rsquo;s capacity to access the Mercado &Uacute;nico y Libre de
Cambios (MULC) for the acquisition of necessary foreign currency to address financial obligations, Assets and liabilities in foreign
currency as of December 30, 2020 have been estimated in accordance with MULC&acute;s quotations in place,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Likewise,
in October 2020, the Government launched a set of measures aimed at contributing with the development of exportable goods and
promoting the local market and construction industry,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 454 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->91<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
the purpose of mitigating the economic crisis, the Argentine Central Bank issued the following set of pre-emptive measures:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication
 &ldquo;A&rdquo; 6937 reduced the restriction over the maximum position in liquidity bills of the Argentine Central Bank (LELIQ)
with the purpose of making liquidity available and encouraging credit line provisions for Small and Medium Size Companies at a
preferential rate (Not exceeding 24% annually), Communication &ldquo;A&rdquo; 7054 modified the standards on Minimum Cash&rdquo;
due to the authorization of financing lines at a 24% subsidized rate, which includes a special tranche for investments in national
capital goods and another tranche with minimum requirements for companies that have not had access to banking loans. As from July
1, 2020, &ldquo;Medium and Small Size Clients&rdquo; are included in the item of &ldquo;Decrease of minimum cash demand in average
in pesos&rdquo; provided such funds are allocated in the acquisition of machinery and equipment produced for national Small and
Medium Size companies, among other modifications, As of the date of these financial statements issuance, loans of 24% rates and
0% rates have been granted for 10,7 billion and 819 million respectively, As from October 16, 2020, through Communication &ldquo;A&rdquo;
7140, regulations on &ldquo;Financing line for productive investments of Small and Medium Size companies were enforced,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communications
 &ldquo;A&rdquo; 6942 and &ldquo;A&rdquo; 6949, determined the postponement of the maturity of loans granted by local financial
institutions that would become effective on March 20 and April 12, and cancelled any punitive interest over unpaid balances in
loans granted by financial entities, Communication &ldquo;A&rdquo; 7044 and &ldquo;7107&rdquo; extended maturities for loans granted
by local financial entities until December 31, 2020 and unpaid installments are deferred until such loan&rsquo;s life termination,
Through Communication &ldquo;A&rdquo; 7181 it was extended until March 31, 2021,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication
 &ldquo;A&rdquo; 6939 suspended, until June 30, 2020, the distribution of dividends for financial entities, Such measure was extended
through Communication &ldquo;A&rdquo; 7035 until December 31, 2020, Through Communication &ldquo;A&rdquo; 7181 it was extended
until March 31, 2021,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication
 &ldquo;A&rdquo; 6945 established that, until June 30, 2020, any operation carried out through ATMs shall not be subject to any
charge or commission, Communication &ldquo;A&rdquo; 7107 extended such term until December 31, 2020, Through Communication &ldquo;A&rdquo;
7181 it was extended until March 31, 2021,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communications
 &ldquo;A&rdquo; 6964 and 7095 automatically refinanced unpaid balances of credit card financing to be registered between April
1, 2020 and April 30, 2020 and between September 1, 2020 and September 30, 2020 respectively, Such balances have been refinanced
over a year term with three-month grace period in 9 monthly equal and consecutive installments, Likewise, pursuant to Communication
 &ldquo;A&rdquo; 6993, the Argentine Central Bank established a zero-interest-rate financing policy, applicable only to eligible
clients to be defined by the Federal Administration of Public Revenues (AFIP) in the future, Additionally, through Communication
 &ldquo;A&rdquo; 7082 opened the possibility of granting &ldquo;Zero Culture Rate Loans&rdquo; at 24 months under a 12-month grace
period, Communication &ldquo;A&rdquo; 7111 extended delinquency days for 1, 2, and 3 categories over a 60-day term, Such measure
is applicable until December 31, 2020, Through Communication &ldquo;A&rdquo; 7181 it was extended until March 31, 2021,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decree
312/2020, issued by the Argentine Central Bank, suspended the closing of bank accounts, Decree 544/2020, issued on June 19, 2020,
extends until December 31, 2020 the suspension of the obligation of closing bank accounts and the application of disqualification
pursuant to Article 1&deg; of Law N&deg; 25,730, as well as the application of fines .</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication
 &ldquo;A&rdquo; 6980 established that non-adjustable term deposits under ARS 1 million made up by individuals as from April 20,
2020, will entail a minimum rate of 70% of the LELIQ average auction, Communication &ldquo;A&rdquo; 7018 extended the scope of
such measures over all term deposits regardless of their minimum amount, Later, Communication &ldquo;A&rdquo;7027 increased the
minimum rate equivalent to 79% LELIQ average auction, And, as from August 1, 2020, an additional increase from such 79% to an
87% was set for term deposits of individuals exceeding the ARS 1 million,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
volatile and uncertain context remains as of the issuance of these financial statements,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Group&rsquo;s Board of Directors monitors the evolution of variables that may affect its business; thus, defining the course of action
and identifying any potential impact on its equity and financial situation, The Group&rsquo;s financial statements must be read in virtue
of said circumstances,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>35.
SUBSEQUENT EVENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
April 27, 2021, the Ordinary General Shareholders&rsquo; Meeting approved the following distribution of the results of the 2020 fiscal
year, which had shown a profit of $ 3,412,111.:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Legal
Reserve: 352,343</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Reserve
for future dividends: 341,000</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other
reserve: 2,718,768</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 455 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->92<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRUPO
SUPERVIELLE S.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Notes
to Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As of December 31, 2020 presented in comparative format</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Expressed in thousands of pesos)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
accordance with the provisions of General Resolution No. 777/18 of the Argentine Securities Commission, the distribution of profits
must be treated in the currency of the date of the shareholders&rsquo; meeting by using the price index corresponding to the month
prior to the meeting. Therefore, the shareholders&rsquo; meeting approved a dividend reserve for an amount of Ps.385.2 million
corresponding to the Ps.341 million included in the board of directors proposal.</FONT></P>

<!-- Field: Page; Sequence: 456; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->93<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>2
<FILENAME>tm214268d6_ex8-1.htm
<DESCRIPTION>EXHIBIT 8.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B><U>EXHIBIT 8.1</U></B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Our Subsidiaries</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following information
is related to our subsidiaries as of the date of this annual report:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; width: 45%; padding-bottom: 2pt; text-align: left"><B>Subsidiary</B></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 2pt; width: 14%; text-align: center; padding-bottom: 2pt"><B>Jurisdiction
    of<BR>
    incorporation</B></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 2pt; width: 39%; text-align: center; padding-bottom: 2pt"><B>Name under which
    the<BR>
    subsidiary does business</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Banco Supervielle S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">Supervielle</TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; padding-bottom: 2pt">Cordial Compa&ntilde;&iacute;a
    Financiera S.A. (in the process of being renamed as IUD&Uacute; Compa&ntilde;ia Financiera S.A.)</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-top: 2pt; vertical-align: top; padding-bottom: 2pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Walmart Servicios Financieros<BR>
    IUD&Uacute;<BR>
    Pesos Ya</P></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; padding-bottom: 2pt">Tarjeta Autom&aacute;tica
    S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-top: 2pt; vertical-align: top; padding-bottom: 2pt">Carta Autom&aacute;tica<BR>
    Pesos Ya</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Supervielle Seguros S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">Supervielle Seguros</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Supervielle Asset Management S.A.
    Sociedad Gerente de Fondos Comunes de Inversi&oacute;n S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">Supervielle Asset Management</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Espacio Cordial de Servicios S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">Cordial</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Micro Lending S.A.U.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">MILA</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">InvertirOnline S.A.U.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">invertirOnline</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">InvertirOnline.com Argentina S.A.U.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">invertirOnline.com</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Supervielle Productores Asesores
    de Seguros S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">Supervielle Broker de Seguros</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Futuros del Sur S.A. (in the process
    of being renamed Supervielle Agente de Negociaci&oacute;n S.A.U.)</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">N/A</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Bolsillo Digital S.A.U.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">IUD&Uacute; Pago</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Easy Cambio S.A.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">N/A</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2pt; text-align: left">Sofital S.A.F. e I.I.</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; text-align: center; padding-bottom: 2pt">Argentina</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: left">N/A</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 349 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>3
<FILENAME>tm214268d6_ex12-1.htm
<DESCRIPTION>EXHIBIT 12.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><U>EXHIBIT 12.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CERTIFICATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I, Julio Patricio Supervielle, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. I have reviewed this annual report on Form
20-F of Grupo Supervielle S.A.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2. Based on my knowledge, this report does not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3. Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial condition, results of operations
and cash flows of the company as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">4. The company&rsquo;s other certifying officer
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company
and have:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a) Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period
in which this report is being prepared;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(c) Evaluated the effectiveness of the company&rsquo;s
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(d) Disclosed in this report any change in the
company&rsquo;s internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the company's internal control over financial reporting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">5. The company&rsquo;s other certifying officer
and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and
the audit committee of the company&rsquo;s board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a) All significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
company&rsquo;s ability to record, process, summarize and report financial information; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the company's internal control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: May 17, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 47%">
    /s/ Julio Patricio Supervielle
</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">Name: Julio Patricio Supervielle</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>4
<FILENAME>tm214268d6_ex12-2.htm
<DESCRIPTION>EXHIBIT 12.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><U>EXHIBIT 12.2</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>CERTIFICATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I, Mariano Biglia, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. I have reviewed this annual report on Form
20-F of Grupo Supervielle S.A.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2. Based on my knowledge, this report does not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3. Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial condition, results of operations
and cash flows of the company as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">4. The company&rsquo;s other certifying officer
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company
and have:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a) Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period
in which this report is being prepared;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(c) Evaluated the effectiveness of the company&rsquo;s
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(d) Disclosed in this report any change in the
company&rsquo;s internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the company's internal control over financial reporting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">5. The company&rsquo;s other certifying officer
and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and
the audit committee of the company&rsquo;s board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a) All significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
company&rsquo;s ability to record, process, summarize and report financial information; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the company's internal control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: May 17, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 47">
 /s/ Mariano Biglia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">Name: Mariano Biglia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0pt">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>5
<FILENAME>tm214268d6_ex13-1.htm
<DESCRIPTION>EXHIBIT 13.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.5in; text-align: right"><B><U>EXHIBIT 13.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.5in; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Certification by CEO and CFO<BR>
pursuant to Section 1350, as adapted pursuant to<BR>
Section 906 of the Sarbanes &ndash; Oxley Act of 2002</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The certification set forth below is being furnished
to the Securities and Exchange Commission, in connection with Grupo Supervielle S.A.&rsquo;s Annual Report on Form 20-F for the year ended
December 31, 2020 (the &ldquo;Annual Report&rdquo;) solely for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities
Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;) and Section 1350 of Chapter 63 of Title 18 of the United States Code
as adapted pursuant to Section 906 of the Sarbanes &ndash; Oxley Act of 2002.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Julio Patricio Supervielle,
the Chief Executive Officer and Mariano Biglia, the Chief Financial Officer of Grupo Supervielle S.A. each certifies that, to the best
of their knowledge:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 17pt">1.</TD><TD STYLE="text-align: justify">the Annual Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 17.3pt">2.</TD><TD STYLE="text-align: justify">the information contained in the Annual Report fairly presents, in all material respects, the financial
condition and results of operations of Grupo Supervielle S.A.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Julio Patricio Supervielle</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 42%">Julio Patricio Supervielle</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Mariano Biglia</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:&nbsp;</TD>
    <TD STYLE="width: 42%">Mariano Biglia</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Financial Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Date: May 17, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>tm214268d1_20-fimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg001.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!2P+N P$1  (1 0,1 ?_$ +H  0 " P$! 0
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M94^F*TLBZ0SD 2W"MY G:/Q4$W<]PZ^;!C@Q<%$RI4=)9T6X5A(5#B[>3]6
MP!O>]!UD2NL,:N=3A%#L>\@<306T7RD]PK2,J!0*!0*!0*!0*!0*!0*!0*!0
M*!0*!0*!0*!0*"/F_*'Z0J2(515!OV)U&^YPY6U,O*@Q)ARG/E;(:1-'EN!<
M)JL3PH.?CQ?5&/=)LT:&2>,H(VD1E4BW+/+)TKV>>Q\;51:;6_J6WUW[QCP$
MT1GZ#021(]R/-8^7X;\?Q>RH-FQ-UXVZ:MV6%=LN55 (Q+IT7#N4)\VOA8<+
M4'3T$S!^!O?5A$FJ(V=\M??4D0ZBL&G@21(GD199+\N,L S6[=(/$T&=O&@*
M0W%3< VX<>-!X[HB%W8(B_$S&P'O)H/%EB=WC1U9X[<Q 02M^RX'9096/A0+
MB^F_FM>W?;QH,8Y8I5+1.LB@V+(0POX7%!E03,'Y;>^K")-4*!0*!0*!0*!0
M*#3D9!B(L+WJ"#N+?6X,^(WD$Z%"XXD7[[4RU2<3E(&:P &D</;3*/1FN>Q*
M90^M?\%,A]<WX!]],A]<WX!]],A]<WX!]],B2_RV]Q_BJBLN?&LJ7/C0+GQH
M*K?NH\/9?ICEQ2R#*9DB:,!@'5=5F)/EN.^@JW]1-I2.*;D3MCSQF6.92A32
MK,AUMJLOF1@">VW"@Z3$RXLO$@RX&+09$:RQ,;@E' 9>'N-!MN?&@7/C0;L4
MG6WZ)JP--0:,\99P<D81 S#$_P!,6[!)I.B]_;0<H)NN,>%%VS$E>,1Q<\;A
M:6<SLQ$S(0_P* #;V\*"))G>J<N7-,NWK% @ Q<4Z ';F+J:1PU_AU6\:HL=
MOSO4-YYSEX,*P*L@QD*A'<B+5&SV=M.J3RE:@U)%UKDX>Y39AF@F=8%P8,=5
M5SH<E[J'\NOL8AK@=E!Y'N/J([<N;;5@@,3W,>F61)0#RT#%UU*W#5)V@]U!
M7K+ZJ%I)'QB@EB9'QU*L$?R*'C<M?@EV'\Z]ZH[S"^H^BQ_J!;(Y:\X<?CMY
MNWVU!NH+4=@K2%!!S/G?8*DJT5!6]18^XS[8R;>TB9?-A*F-M#:.:O-X_P"[
MU4',;CO'J)'D9I3;TAV^)U3;@PU2S.95159D8V73=BUNSMH/4W#U/2:25L!9
M><<=8X=*+'$H8\\MY]5R/"@[@VN;=E H+.+Y2>X5I&5 H% H% H% H% H% H
M% H% H% H% H% H% H%!'S?E#](5)$*HH.V@X;,?U6B Y?(<O+I3EK&0NIB+
MO?CR]-N/:#VT&G)B]3X<G(W0:"0CKB[>C+(C,SH$$BJ/PZO,.R@[N!9E@B69
MQ),$42N!8,]O,0![:#903,'X&]]6$2:HC9WRU]]21"9E52S$!5!+,>P <2:B
MN8S-J.\Y&9G[3N&.T>;#'C'(\QEQFB).J!E^$L'X_?056?T;O^?];MD/4I"Z
MKY$9,C2I%*IY:-8\+K<'Q[:HV)T9ODDA@AZB*112QF:&%Y RI8$P\&X!P+ZC
MYOLJ"7N/1N[9ZX\61O#/BQ1P).A+CF-"VIK@&QYAL;GC<4&G<NG]UR=UW9=D
MWF# FD#23XB:V='R%(2:0WNK&WE'P]]!%P^A^L#CP_6=12QDI&)H$DD.ADMS
M=,E[MS+&]^SNH)61T1U(^2TL744JQZW"1-J!&/JO'&7!OJ0=K=_?0>=-=(YW
M3VYXW.WM9,:=I#%@B\8DD*7<@7(;RK<W[+4':T$S!^6WOJPB35"@4"@4"@4"
M@4"@B9W:GVU)5">:%'1'D57DX1HS %B/P@]M09V-!SO4^Q;AN>1CS8,Q0012
MI*BR%0[%D:-&7X2MU.KOM04,O2'644D4V3N29^/%CQPY$)F?'#B,FPN;@$%M
M18]MK4':[4DL6WXV+D3KD9F/#&F3(#<EPH!8]_'VT$NQH%!9O\MOT3_%6D5E
M952[GU*F#G9,!A!Q\#'7+SYF:S".0LJB% "7;RF_905^9ZE],8N+/D.TY,)*
M<KED,S@'RBY[F&D^%!%RNNND<J*-MPBF$L3B..-49G27)CTA+J1YW5B.%!CN
M>_=&8>ULF/@M.,V#'TXB(R*\98K#$YOY>QC;WWH)^1UOMV#G/B9$7*@CR#@8
MZQZGFDG0+=4B5=(0:^%VOW]E!B_J7TDC6:>6P6)V<1$JOU'RE)_$QX6H.@V_
M<,;<,-,O&+&)RP 8:6#(Q5E(\0103\7XV_1-6!IJ!8T'/]58^_228LFVQMD1
M1K*6QTDY0,_EY32$%"4'F[#V]QH*-3ZKH,F18<;4YU\AF4KJ9BK!'+<%2,!E
MX=O;0>3)ZH+M!Q88XWFD9HE>Z*Z0", ,SEBQD9F/'NM033C^H&=T[+@Y!CPM
MQFE2)<N-@O)A0$NX<%BQ8J!V7XF@UMF>IW;'A0,;#2C&,+?18C7J)L'%[VX@
M]U!:]+KU3SLZ3?FN)#"<1 $54 0B0 *6XZNV@OZ#QB0I*C4P!(7LN?"]"%;F
M=2=58>'/ER].CD8T;RR$9L1.A%+'AI[;"N5M2\1GI_J^CI[30O:*QJ<9G';+
MHL'*7+PL?*52JY$:2A3V@.H:WY:[5G,9>#4ITVFOA.$?,^=]@I+*%FOE)ASO
MB1B7*6-CCQ$A0TEO*"3W7J#A9,;U2Q=L?:H"N0ZV$6[:T:0JSF1[ZRIU '0O
M"@FM+ZH23N(UQX(@!8E8V8DR $#S?"(_,">-Z")(WJMD3ZWQXL>.-&5(%>/3
M)*5%B[ WT:A<6XB]!=;9D]:ONV(F;C*FW<ISG2MR@W-(\HC",QTAO'M%!TE!
M9Q?*3W"M(RH% H% H%!'?,16*Z3P-JF1Y]<GX3^2F0^N3\)_)3(?7)^$_DID
M/KD_"?R4R'UR?A/Y*9#ZY/PG\E,C.+*61](4@TR-U4*!0*!0*!0*!0*!0:YX
MN:@6]N-[T&CZ'^?^2I@/H?Y_Y*8'OT/\_P#)3 J\[==HP-XV[9\G*$>?NG,^
MCBM\7*74U^/#V4PZUTK6K-HY0L_H?Y_Y*8<CZ'^?^2F!O@AY2D7O<WJC901L
M[Y:^^I(K\B(38\L)-A*C1DCM 8$7_+45RI]-=G6-5QYY('6*&)I -6ODJREW
M!/%GU?80/"@A?X4P!IF3>LM&GCCAF<*NMTB;4I9[W+D]K>%![NW0.T0P9.5E
M;H^''D:%GDAB6/SE5B4H%)(<Z1IMXGQH),?I_ML4\>1!N4L2H\4D2FWDY:KY
M?,W8VF]B.%S0;=PZ#P,K-GS1N4L&9E2&3)D!4ZO.&B 6XMRK67MH(T7IKC*0
MR;M.S V=B XDLP;3("UB+CS6M?OH/%]+=O2!(EW'):QD:1W)8NTC:@39EMI[
M![*#?NOIU!N4F+)+N>0KXL4<2,%343&I2][BP<'SJ.V@ZC!Q5Q,*#%5BZP(L
M88]I"BWMH+/!^6WOJPB35"@4"@4"@4"@4"@B9W:GVU)5RV\]/Y^7N&1EXDT*
M/DX@Q5DF#&3&92Q$L#+V$ZN/NJ"DFZ0ZFS()8</J4OBO+9I-;R.$7@4NIMJM
M=6\:#*/H/JF-5AAWYX<<-$=$9E!6.,*LD8-^/,T_$>([J"1N/26[Y6/##D[V
M?H\>-%S-;.-01V;S\0+,"MV;CPH(V;T1OV1NF?N>T;S'BIN#EDD36S".ZFRL
MITW#)[;T&W'Z2ZG".T74#9,$L2"%FDE.B06YKJRGS"2Q'\WNH.JVK%R<7;X,
M?*G.3D1K:2<W\W$D=O$V'"YH+U_EM^B?XJTBDW#(GQL#(R((?J)XHV>*#4$U
ML!P74> O65<AD==]%Y)Q&SL=<S-9GA4)$'TM&H>0 R:2%%^_OH,#UKZ>Y#')
M; YD04Y$N:^*NA(PP0RNQXCS$ ]]!&S.N>DH<627$VB*7-QG"<IX1&J<;@%K
M<&L :"T@ZMZ+R-NCW1\55AC!B21X5%M,;3,J$_F^1K>V@KLOU%Z+8Q;FNW\S
M)9H))9IX561()3I2>_$D\.%N-!FV\]%_396]86P\UX98\&8O"D2EIO-P!\IM
M?B:HM>FNMMCW&7'VO&QY,3,$:M)B"/3'"73F 7'"Q'8:@Z[%^-OT35@::@XC
M?>C^J\O>,[+P-R6+%RIX,I<9GD6TF&$Y*\/A1_-S .WA08IL_J<T,DHWF!Y7
M<B.,..4L3!KV8)<NK%;'V4$7"VWU9GCFCGW$X\R$JLK\H(Q L'2RGOXD$=GM
MJB;+L/J0DGZC?5: ZRW-*EQ_Y9!T6L/SAWU!LQNF>I?_ ,J-WW%LZ#,Q8X,9
M>?RBK*0S&X32+M?C;LX4'F)M/7R30K)N..V+$=.1BX[K&"MAH5/(W+T?G?B]
ME!!EZ9]1<C:I,*7=H)8Y%T 1N(TX6*694+<"/,!\543MMV+KMMVPLG><^*;$
MQ<EIUAC<^5"C+H(TCF?$--SPJ#LZ#WJ?_IC=OZED?LFK.KV3Y/1L_K4^*OM;
M=@_L';?ZK#^S6KI]L>3.Z^K;XI]KW,^=]@K4N+14"@Y7)Z?WUGWG'QFBAP]W
M8!IVD9IXU8VF92 #8IP1;^4]]!<=/XFY86UPX.>RRR8@Y,60K$F6).",P/$-
MIL#Q-!94"@LXOE)[A6D94"@4"@4"@K9OG/[S6584'MC]E!P^[?WU?=<M]O3.
MBP 6CBCO&2\H4F*="?AAUFS+X"]!,V9.K%W?%BW Y7)A.0V3DN8V@E5F(AC
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M@G+3")&Y1 Y+6N\ALJL0."]I[J@T)ZJ].& 23X$A>1K%52-V<AM#G2+FXO\
M"W$B@W9/J)L>/)*TVW%U,"9!Y2Q2%D8=A8&SOV>0<?NH/!ZC;"LDR':)4FQ
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M Q\*=4A"009*1RQW1E4B24,8^*LUBU^-!LCVKU*=,A,[<,=A,A7'2)PJK+I
MU&Z79#8G1W4$H;)U7-APKNLT6X<G)267#,G+2:,1LK*7519=9#JI![*#7)M/
MJ&<IF@W*+'Q$$ABQE93<W'*4$H2JJG#OX\:"LCZ3]0X\,;>F? N$[EIRTI:1
MD;CH+:;WU<=0JBRS=DZ\?J"3/Q=PCBQF/*5-0^0'UH%0K92/SKWU5!W.'\\>
MXU8$ZJA0*!0*!0*!0*!0*!0*!0*"JW'^WMG_ /L_LQ1UIVV]2UHY% H%!&SO
MEK[ZDBMS<2/,PY\25F6/(1HY&C.EM+"QL>[A450'T^V /.8#/C1Y&@O#&X*
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M&9&[613^KE[.QUXTP[;G;6TIB)],.H^AB\33#S'T,7B:8#Z&+Q-,#)<9(]3
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MG2N]=+;Q-M&ZQLDD9/*DX\N:._"1#V$'\E5^MT=:NI7JJJ&9FL68L0+ DDV
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M'+)#+-/'- VG(B:*35'<@*7 ' .6 6@F;5U)MN[%Q@9)F,2HT@XC3K%PIO\
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M\-HFD0NY $#A8HENNHB-VL%4]IL:@L,OU#V6#$;-$<LV+]6<-94%@S+'S&<
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M9B5B6;4ZD$>4<X7L>^H)NT8_0>\22QX.!"\F)IUZXBC+QL+:N/ K;A0=.
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M3Q,$*2?$3;B2+#3Q[J#J<7Y"?P[ZU"-M H% H% H% H% H% H% H% H% H%
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M//Y9FT1"76/*;CB OVT'/1>HD>9E,LVR8O-D"Q29$P_5@EPJL[D$,BW!*@W
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M13R_^C_K4#R_^C_K4#R_^C_K4#R_^C_K4&<6GF+\K_LWO1$NJ% H% H% H%
MH% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
#H/_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>tm214268d1_20-fimg002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg002.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!)@** P$1  (1 0,1 ?_$ +0  0 " P$! 0
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M$;@HI!Y\!QXWH(LC$69TD#O%*@(61"+V/,<0:8&GP4W_ ,R?VK]53 ?!3?\
MS)_:OU4P-X,18FD<N\LL@ 9W(O8<AP I@0[EM&#NNU2;9N,?G8DZ!)XP2MP"
M#S''F*EZ1:,3R=M&^^J\7I.+1R<G</T]Z1S\?$@R<&ZX,0Q\9TD=)!"/]MG4
M@LOH-<K=M28C,<GKU>[=QKFTUM^J<SPC&?/YNY@8&%M^'#A8,*X^) NB&%!9
M5'HKM6L5C$<GAV[;;+3:TYM/BD$40D,@11(>;V%_;58:MBXS&YB7WM7(<6[S
M[:8&QAA)8E%)868V%R/30/)AL%T+86L+#LY>R@R(T165%"WOP MQ-!5S-GVK
M.6V=APY#%/+UR1JS!2+6#$7%9M2L\X=M7<;-?Z;3'RE6VKI?8]IVF3:MNQ_A
ML.4,) C$2'7SO)[U^/#CPK--5:UZ8Y.F_O=NW9&R\]5H^[[D69T9TUEXV+C2
MX86##B./ D;-'_(:VJ)M)&I&MX@>=2VBDQ$8Y-Z_<=]+3:+<;3F<\>/G\W91
M$1%1%"H@"HHX  "P ^2NKQS.9S+-$*!0!S'K%!OOO]LG[X^@U;$/ =1=5Y&T
M9[0>1&T/PSS1,Q;5)*BEC&--]-E6_B''LK,0*N3UKG'<X\/;<%,\/DM K1,S
M:D2.*1F5ENHMYIN3PX4P.?-^I&?#M\.:<*%A/E2P+&&DN$BOQ)%[:OO&RCMJ
MX'63K&<Y)Q9,5$R<?*3#S8]9(1I2QB*GM#1KJJ8%#8^H</=<C;=TW# Q(\O<
M$G6*9F):-,=!(B+YA(\3-V5.B,Y\7:.XV='IYGHSG'Q6\7K:?,S-BAAB@(W;
M'.3DOK+>40X4H+'GQ[:N'%ZY?=?Y/IJ*U#A7 #:7[!>QH,RSFUY9++_J( H*
MNX86+GX,N)D\8)QI)!TF][J5/>"+BDCF8W2\"39DN9E/FSYN.<65I$C0F._-
MM &IO]1J8,L8_2&W0C:K22,VU%F5FM>8L=5Y>_Q^+UTP97=MV/!P,C*R4429
M.7/).\[*NM?,M= W/2+4B#+H51E59F"J+L>  H.Y@;?'BIYLUC+SOV+Z!6XA
M&)IVE;N7L6H(Z"YB9!;^6Y\0]T]]6$6:H4"@4"@4&&8*I8\ .=!S9)#(Y8]O
M(>BLJUH%!M'(T;:E^4=]!9R,>#.@[G'NMVJ:O-' G@D@D,<@LP]A'>*RTCJ!
M0?..H/T8VW/SI,O;,PX F8M)CLGF1@GB=%B"/57Z#M??[TKTWKU8\7P>Y]BI
M>W52>G/@]!T7T'MO2T<S0RME9N0 LV0X"^$<=**.0O7A]P]ROW,QF.FL>#V]
MA[=3MXG$YM/B]/7S7T2@RK:6![J"-X87]] W:;^JU 7&B+^&,:FL/9RI@2?!
M):UH[>L=G_YI@:'#BCM_+6U[@CCQY4P,)#$EM"!;<K>F@WH.EL/]Q+^X/IK5
M4E:R>,SCL/ ^RK(X+]%]+/Y.O;HV\A2D5RQTJT7DD<^7E\*WZMO-GIAF3H[I
MN42>;AB1Y8_*FD=W:1TTJNEG)U'@B_*+T]6WF=,+\6UX,40B6*X&@ZG)9R8_
M<)<G5=>PUPMKK,S,QQG$_=R8G129S,<\3]W+[E/$Z4V'$RTS<?'*9:,[F?S'
M+N9""_F$GQW('O5VG9:8Q+?3#K5AI4;:=L9F9L9"SDLY(YEA8FN4Z*3X0[QW
M.R/W3P9&U[<%51CH%2^D"XM?G[:>A3EA/ZG9G/5*-MDVMO*'D!4B)98U)"DM
MSU#MK,]MKG'#DW'>;8SQYMQM.VB9)ACH)8U"(_&X4&]O;QK7H4SG'&&9[G9B
M8ZIQ*Q'_ %)?6/HKJX-Z!0*!0*!0* > )H-4;5&KG@" 3W"]!M08+* 26  Y
M\1P]=!J)X"A<2H8QP+AETCY;VIE>F<XP&> !6,J!6]TEEL?4;\:9.F?)DRQ!
MQ&9%$AY(6&H_)SIDZ9QG#:B% H% H% H% H YCUB@WWW^V3]\?0:MB'GVQ<5
MI_/:&-I])C\THI?0>:ZB+V]%85B#$Q,=47'@CA6._EK&BH%U>]:P%K]M!HFV
M[:FO1B0+YER]HT&HL+&_#C<<Z"0X^/Q(ACU<&OI'%E%E)]0X"@\['C;VJ@?D
M&  K,\:KH #VX/RX$U46=KPLTY,7QNS8./&FIQ)"J%DDX$%>':>V@] ONM\G
MTU%>8?&BQ.K(&UL1(CRR,YO:X/+T"L8XKX,;[)'F;AAC&*9?\N1O)=K1$"_B
MU7'&EN,D(,?$?*V''DCENF-YHF\TE1&38ZUMST=E3'!5S&W)X\TY&1"S,ZQ(
M6)L8HI#:,!>TL?$U7*8>AK:%!E59F"J+L>  H.[@8"8B>;+8RD<3V*.X5N(1
MB>=I3W*.0H(J@4 $@W' CD:#I0RB2,-V\CZZTC>@4"@4"@IYDMSY8Y#WO74E
M5:H% H%!M'(T;:E^4=]!9R,>#.@[G'NMVJ:O-'GYX)()#'(+,/81WBLM-*@4
M"@4"@4"@DQQ_-!Y <235"5SP0BVG@1Z:"0*HQO$!P!([^)X417J*4'2V'^XE
M_<'TUJJ2M9/]=_7^RK(@$T)OID0V.DV8&Q/(&QYU,C>@QJ74%N-1%PM^) [;
M4 LJVU$"YL+\+D]E!F@>D\J#6*2.9 \3"1#P#H;CAZ15F,<TB<\F;C5HOX[7
MT]MN5[5%%(90RG4IY,.(-!I'_4E]8^B@DH% H%!K)(D:%Y&"HO$L> %!6DSE
M<1KB%99)B0I)\(TB[%NWAW5,@F:8G>+-*1NJAQ(I.EE)MV\;WID6$ECEBUQL
M'0@V8<15'S;];-J,O2*;L,N>(X02-<6-RL3F5O?<#F0.5>'OZ?1U9Y/TG]L[
M\;_3Z8GJ\?'AX0[.\]8XNQ="I/CY$4FZPX>-'' 6!:.29%5))%%R%6^JNE]T
M4UYCGB'D[?V^V_NL3$^G-K<?.(\(?->D]TPL.#KC&&Y'.DGP&;&R&+_SRH)E
M==7+B_;7ATWB.N,YX/TO?:+7GM[='3B_&/+RAPL/(W+'Z<R^DE)+[B^/N*'C
M80K 96]NE:XUF8K-//$O=LK2VZO<?R=5/MZL+F\29&;T/T=CX[$30)G3+Q/^
MR^K]E:OF==(CXN7;Q%.ZWS/*>B/O7<'?,C>/U.V/J1[K!F9<4$(-^'DQ*C_^
MYJW79-MM;^<N&WMHT]CLT^-:S,_;.7V^7)>+<7NY\M6LR:KV'EZO<[K_ &J^
MQXOY^+N<[(S!$/EZF8W-BJA3PM?CXJ97";;,EYX"']Y.''WB+GQ'T'LI$I*Y
M5"@4"@4"@#F/6*#???[9/WQ]!JV(<2L*4"@4'SKKSJ?>.GNL-N?;G5X<W'ME
MXDM_*(C<_P P_=*K?Q"O'NV6KLCI\7ZWV;V_1W/9;)V\/3MPM'..'+X_)V^D
M_P!0]MZE-L3 SH1J(6>2 F!@#[PE'AL:]LP_.=QV=M7.8^_C]SUB^Z_R?34>
M50G7:9))LN;07Q 8YY23_+%KE6^1JF(&&V7:I8(XCC*8H^,0%^ ;CP//C3$&
M4L>+@- V''&ODQ, \(' -P87^FK@9DP\&;)$TD:OD0V\7:.U;CZ*8%B@RJLS
M!5%V/  =]!W=OP$Q4\V6WFVXGL4=PK<0C$\[2MW(.0H(J@4"@4$N-+Y<G'W6
MX&K Z%5"@4"@TFD$<9;M[/70<+<=UQ\%\89&HG+E\I&'$!CQNWHK$SA<(3OV
M"),U#KO@,L<EA?6[\%5.\WX4ZEPU??H8DE\['FBR(BE\5@NLB5M*E3?21?TU
M.HP-U!AK'J:.16 F+H0-2G'%W4\;7[K5>HPGDW.-3CJL4DLF5&TL,:6N0JAK
M<2./BIE,*T74$3XTN2V)/'! VF21@M@0VEN1/N]M3J7"_A[BDF1.F/<C'(5Y
M>&AF(OI![;#G6HE%^?'@SH;GPR+P5NT'ZJO-'!G@D@D,<@LP]A'>*RTTJ!0*
M!0*!02+81>AVLQ] XU1B>_FO?O\ F[*@FFMY)[_#<?\ KWU45JBE!TMA_N)?
MW!]-:JDK>1_</Z_V51XK&Z6W:/1H6."2,KJD+JP8K+YBNH15Y?ZKFO-&J7&*
M2NXVU]2?#O\ $9<GFB-O)'F"PEU*5)TCBM@>=:BMO-J*V5\C9NJ'G$Z3!<B*
M-XVR/-N90\JO9$(M%=%M4FEDFMDZ;3O[S8?Q4AR$BFAF,KR@:%COJ0QJ+.U^
M35>FW#)TR]&S!5+'@%!)]0XUV=5!=VVS)QKF58XYTLGG60,'N!P)XWKKZ5HG
MER<_4K,.4=HA8I$^\*#;R%C5M&DJU]"#5W<#JN:[^K//I^+CZ<?S-S@8)R/,
MBW0:5>PBE;5&PU:A'?4"0@Y<?74Z[8Q-5Z(SF+(_RS'T,$WI2-*D,3<V+#3>
MS6(X>$6[>-ZOJ3_*G1'\ST<?]27UK_RUXWJ;T"@4"@I[F08HT6[9!</!&!JU
M,G'B#]GOJ20IQIE2S2:HA'G$AW<'2D0M9;6OJ+5%)H<R)XV9!/F:@8I;W5M(
M/@8&VFP-^%!:VYCIG64:,HL9)H[6 U"PTVYCASJPDM=RV7:]YVH;?N< R<.0
M*SPL2 2O$<00:S>D6C$\G?M^YV:;]>N>FSE;C!T1THTO4&9"F)).D>')D:6E
M+JH CC">+D$[JYVC7K^J>#UZ;=UW6--9FV,VQR^<N3\?^D\FS;GONJ#X#=G&
M-N4EG#ROS$7ECQ ]ME%<^K3TS;PGF]?I>X1LIJX]6OC7EP^.5K9\+]--V@._
M8$<#QX4!PI,ER\9AA6,H4D5R-/@-KFM4KJM]4>'!R[C9WNJ?2O,_5/5CGF<\
MX^U0B/Z20]/KO./$DFS[7))AQS1B5@C9/"154F[!]7.L1Z,5ZH_3'!Z+?^PG
M=Z<S_P EXBV.'[>7W+.'MOZ:#?<+IW#P@VY;4#F8T48D*XYDLY9Y+V!/#@:M
M:ZNJ*Q'&.+ELW=[Z5MUK?1?Z9Y?5CAR>U9H@_B*B1N^P8_MKUOB,A5 L% '<
M *#-AW4"@4&&=%%V8*#R)('TT&00>1OZJ!0* .8]8H-]]_MD_?'T&K8AXS)Z
MGP,?<)L%XY?,A>"-W 726R6")8$ZB+MQ:UJS@4Y>OMEBSDPWCGUN95U!5(!B
MD:(BVK5Q:,\0.';3 CA_4+9Y8=OE^'R%3<B1C_TV/!E07"N>;2 6%S3 M+UI
MLS+$4$C&1274*+QLJR,4?CP;^0W"F!R<>7I3J#/AW;,PI<B;*Q)9<5)]#1IC
M8NEG72C%;L7[:QZ<=75XO;7O]M=/HUGIIG,_&?C\O!UX^K-M^+VG;H() VZ8
MRY6*JA$1(F-A=21Q'<H-;P\>7?7W7^3Z:@Y,NSO))*=:B+(9VR4L?'VQ?P]M
M3 UDVK-DD+&95_E^7J4L"1H M8>D7O3 9&SY#33-#*!#*5(A)86"A18$7][3
M8WI@6<#!?&ED=K'S$C4MJ+,"@(L2>8JB\JLS!5%V/  4'<P-NCQ4\Z:QEM?T
M+ZJW$(Q-.TK=RCDM!'4"@4"@4"@O8DNM-)]Y?HJPB>J% H*6;)=P@Y+S]9J2
MKC;KM;9[Q L%C1)5(-[ZW4!&'[I%9F,D2ICI_**NS3IY[)"VL V.1"Y<N1]U
MKU.E<LYNRY^=YTV0T R'$4<<2Z_*"1R>8VH^]=C28R9:'IS),6@21H"N2!$N
MK0GQ"!0JWXV!XF]3I,KF+M^<)\"7):*^$CQ$1:O$&554^+M\/&K$";;L!L;%
MF@E*R"6660@<M,IO8WJQ",[1@# VZ'$\-XP=17D223?C2(Q!*_%*T;:E^4=]
M43Y&/!G0=SCW6[0:O-' G@D@D,<@LP]A'>*PTTH% H% H,EB5"]@Y?+03D(Y
MU%&"D %B0!8"JB*60-I5;Z5O8GG16E0*#I;#_<2_N#Z:U5)6LG^N_K_921'0
M*!0*##J&1E/)@5/J(M0<#=L'IS;H(,C-#10QQG&C*"XL48<0![Q!/'OKU:K[
M+S,1\WGV5I6,S\G.C'0X5]68S?$@J[2,=052#<FU^.C@>VNT^OY<G*/2\^:3
M(_PFWGS9XE:..P%]3&(+I "Z>-@O,<:S7UN40L^ESF70;9-I=5">=Y152FGA
MI)"V9?#>[!!ZJ\5^_FML3'+GP^[YO3':Q:,Y=F/^I+ZU_P"6HVDH.=*8I,^6
M/)F:)(U0P*'T W]YO3QX5%#N<FLHH0R"25 I-N"+=2>Z],F&B[A,TL;%E\*R
M^;$ 1=D ( XGC4R8%SIFEC 6%YF**DJW*J)025]8TTR-8]RG6-IVBCO)%YG@
MO>ZOH\5^RF3"=,G(EDB5HX]09SJ)[$ XK8FQ-ZJ-L'(,YE:15$Z *VD<E/$#
M5<W%(%J'^BG[HJC@=>;IA[=L!DR<J7!,LBQP9T..,IH9.>ORR#PL"+UP[B\5
MKQG'XOH^UZ+;-N*Q%L1QK-NG,?-\HV;:5R.A,C=9'DP6VC=OC,;<3CO*<QFL
MH9H/0;#APKY]*9U]7+IMG/F_5]QOZ>ZC7&+>IJZ9KU8Z?_DTSM@ZM?HS>-[S
M(98TWG<8)\R!8M$AQ4U7F:%>0+,#IJ6UW].;3^Z?P:U=UV\=S3568GTZ6B)S
MPZO+/\6<W-W7)Z.ZCPX)Y=QZ=Q9L(;9E/CB!BY<:U1%5>"BEK3-+1'&O#'!-
M>O77N=5IB*;K1?JCJSX>;U/Z9>?L/5N\=/;M"TFXYVC+Q]U*D^?'IU!6;D.!
MN/3>O1VOT7FMN<^+Y?O6-_;TW:Y^BOTS7RE]("E,J4O"9#(RF.2P(  M8D\K
M&O>_+(%7<6*@M(JFWFDVOJLU]/\ IY4&VK.60FSNMT+<.0N-2J.V@!<][,S2
M1^)?"+#PESJO_P -J*CMNH)&IKA2$X WX'WNR_*G$3Y&-+))A\;^66,CLJMS
M2W$'AQ-$:,F=XBA9=+$HHL ;R=O_  4&$&X22,&\R.,F_,7'!N )]-J #G_#
MM?S/B;+?EHMPOIM]KG07,3S?)3S22]^)(L>?"XJP)]]_MD_?'T&K8AY#-Z9V
M;-R9<K*A:2>9!'K,CW0*P<>58^ ZD!NO;6<JB?9]DVG$GS(L,R&+&>%@"7E:
M)F+N 6N=3,Y);F:(\W#)TNF-BK^49S#$O\)YK,TD.DJX*L3=!_+%C\E47HI.
MG991;9YXWSYYLN8^Z/.9&A=F-_M)?3V<:@IP2].1Q8Q3 W$?"1RKBCS9"VA[
M*T)[U;2/":HN[!A[!-G8GPV)G8\N'$5QWFF<A8U(;RF!)X \E-0>P7W6^3Z:
MBN)D963%//$)=<SNK0L'N@3S54HR 70B_P M0;R;U)&T:M&A?68Y5%^QBH9;
M_NTR)(=SR'GQHGA53-&DCD-P DO8*3:^FW&F1TU5F8*HNQX "J.[M^WIBIYL
MMC*1Q/8H[A6XA&)YS*;<D'(4$50*!0*!0*!0202:)0>P\#\M!T:TA089@JEC
MR O0<PDLQ8\SQ-95JKHS,JL"R6#J.8N+B]!FQH!(! )L3R'?088A5+,=*J+L
M3R ';0 Z,VE6!:P:PYV/(T&:!0*#:.5HVU+\H[Z"QD8\&=!W./=;M!J\T<">
M&2&0QR"S#Y_2*PTTH% H-T@G?W(V;U T&_P.9^ _LJX1LV'G,;F%R?53 Q\#
MF_@/[*8#X'-_ ?V4P'P.;^ _LI@7]FQYXIY#)&R K8%A;MJP2LY$4IF8A"0>
M1^2J(_(F^X?94#R)ON'V4#R)ON'V4#R)ON'V4#R)ON'V4$.5ML>7&(LG'\Z-
M6#A'%QJ7D?DK5;37C#-JQ/-23I+94<.NW(&4 +8'@ + #C76>XV>;'H4\F?\
M5VCSFF_+U\UU*,]C?21I(Y]U3U]F,9/1ISPN?EPX#RFT@6MQXV  OZK5X[]O
M6ULS'/G\?]/!Z*[)B,0E&-*&8Z&\5B>'<+5V89\B;[A]E!J^(SVUPZK<M2@V
M]M,!\&;EO)%SS.D7-, ,,@*!" %XK91P/HI@%Q"O!8;"]^"@<>^F!GX5K6\K
MA:UM/8>RF!A<1D "PZ0.0"@<Z8!<1E!"1:0>>E;?13 RF-,J*NACI%N5,#)@
ME((,9(/,$7%,!Y$M@/+-AR%N ^2F!GR9_N-QY\*# QY0+".RCD .'LI@/(F_
M#/KM0/(F^X?90/(F^X?90/(F^X?90/(F^X?90/(F^X?90/(F^X?90/(F^X?9
M0/(F^X?90/(F^X?909$,UQX#S[J#;>8I9<=%C0N0]R +\+&K)#D? YOX#^RL
MX#X'-_ ?V4P'P>=^#)[#3 ?!9WX+^PTP'P>=^#)[#3 U?'R5]^-QZP:85%4&
MH1 20J@M[Q %SZZ 4C)!*J2.1L+T&PC#NH"!G'!. )%^Z@[VW[>F*GFRV\TC
MB>Q1W"MQ",3SF4]R#D*"*H% H% H% H% H.CCOKB4]HX'Y*TB2@@S'TQ:>UC
M;Y*DCCYN!\5-B2_$SP?"2^;Y<+Z5EX6T2BQU+Z*Q:N<?!VU[>F+1B)ZHQQ\/
ME\5>3%SQ/N'DA5&6$,4^L J40*05M?CWU7)ICX6Y),CR7>(!O*C\X_R26)&H
M_P"[PL*8$$.U[MYB2RMXT=F2\A;09(BA8>@/QTTPK!VK=VQ#"[-+J5U9&FMX
MV4 /J4>[>_AI@79L++DR$'F%<8")9%5BI(0,''#CQN*(M84<\>)#'.VN9%L[
M7O<CTU1-0*!0;1RO&VI3ZQWT$^1CP9\(^S(ONMV@^FKS1P9H)(9#'(+,/G]5
M9:7L/9Y90'G)C0\E^T?JJQ"9=2#;\2'BD8U?>;B?GJX18JA0*!08=U12S&RJ
M+DGL H*:[UMC,%$XNQL.!YGY*F87"[50H% H% H% H% H% H% H% H% H()<
M_$BR$QWD E?DOUU,B>J% H% H% H% H% H% H% H% H%!5GW7 @E,4LP5QS6
MQ-K^H5,F$\$\,\8EA8.AY,*HWH% H%!%-B8TPM)&#Z>1]HI@<W+V2P+8S7__
M (V_8:S-5RY?ER:_+TG7>VFW&]95V\#;X\5/.FXRV^1?56XA">=I3W*.0H(J
M@K;EEMB8$^4H!,*ZK'ES [*DR.;-U)'Y\\>*JSJJ1"$G4EY9G* -<#PCG4ZE
MPS/N^?AROC94<39 \IXWCU!&2201MP/$%33)A)N.[Y6-/F111*PQUA(<AFTB
M4D,[A>)5;=E)DP@S=^RX(G,*0Y+K#!(AC)T.TLA0A3W6Y4FQAL_49<M\-$)"
MZPK C$J1-,S*5D[M&GC3J,+VVY<D_G1S302S0MI?X?59?0P;MJQ*+M4*"U@O
MXF3OXBK"+=44LUKR!?NCZ:DJKU!Y_J?>=RP7QX\7'DT-+'?(&G2^HF\0O]HU
MBUIA8AS>I(MQGS$SGQ,A<-,8--#',(VC:Y)U6/9ZJELK"'>H<!MBP]QQI\KX
MC)1(<2$R'B0;7:W,BI/+)!O&)G8;8\6<<F7;\?$LLD+Z;9%KEG-^PTF,$/2=
M,3Y4^PX<N2Q:9D-W;F0"0I/R5NO))=2M(4"@4"@WBE:-M2_*.^@O&*.1DD=!
MJ7BM^8O6D24"@4"@4"@ASD9\.9%%V9&  [3:I(YNS;7 <1),C'_GAB06!!X'
MAPJ1"S+L5I"@4"@4"@4"@4"@4"@4"@4"@4&'#%&"&SV.DGE?LH.$.G9I(99,
MB6^6YNK W7Y?76.E<NM@1Y,>*B9+!Y5%BP[NRM0BQ5"@4"@4"@4"@4"@4"@4
M"@4"@4%'<=MQIHII1"&R"ATL.=P.%286&NPQ2Q;<JR*48LQLPL;$TKR)="JA
M0*!0*!0:&&(RB70/, L&[;4%/)F=W*G@J]E250U H(LK&3*QI,=[A)!9BO/@
M0?V4F!7R]IQ<N6:68MJFC2,Z3;3Y;:U93V,#4F#*,['CR)/\1-+D33A5:=R
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M ,.1%^1]5&]>VU)S6<2BV'I;IWI^*6+9=N@P$F(:40H%+$<!J/,VHULW7O\
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MQN^2NS864VXN_-LN))09W;0I"QMY=K@G^F1\M,BY-+N$.X[JXS,HP8V"F5!
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M,".,-J"*'/-@H!]O.@:([DZ%NUM1L+FW*] ,<;,&9%+#DQ4$CY:# BA!)$:
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MCC0655[A6)F9G,LS*WFYL6%$$0 R$>!?VFI,X1P))'D<NYU,W$DUAIK0*!0
M+D#OH.%U%U=B;+G8^WC%GS]PRE>2+%Q@"WEQ^\Q+$#LKCMWQ28C&9E]#L_;K
M;Z3?JK2E>&9\Y4Y/U%V7\DP=TQH9\IMQE:#%P8E'GM(GOK;_ $UF>ZKTQ:..
M?!WK[+M]:VNTUKT1F;3^G$\E>?\ 5#9(]E@W2/'GD$N5\%+BG2LL4MKV<'A:
MLSW=>GJQXX=*>P[9VSKF:QBO5GPF/@ZFU=6XFZ[]F[5@X\DL>W@#)W %?)#G
M["]I-ZZ4W1:TUCP\7D[CVZVG379>8B;\J^./-=R7R?CTD17\C'LK@&P=I.?#
MMT\./975\]$V7F/%')YG$I+YD*QL/&$NJ7YW![: ^?N*QM_*"^645Y""1XQ<
M,/4.!]-!TH6=H49P [*"P'*]NR]4;T "Y [Z Z^\M^\ _-0>+V#J[&VR?<(.
MH<E\?+.0#'$(Y&"QQQO&#<"WBU@U\S7O].9KLSG/#A/)^FV]O&^M;:<=,5XY
MF(G.8GBK='['N!VO=)X@JC.F4X;3 V*I>\ND\>-^%ZWVNB]-<XX3:<_)Y?<N
M[T[>XK,\:4KB<>,N[)MN\&VG&Q!>^N_S:?\ UKT3ZOP>*/Z7QZFD>T[^8_YJ
MX9E' ,5U$@<KFI$;L<X:O;M,\(LZVT1SIACSX5@D9F)C06%@; _+:]=M<VF/
MJYO)W$4BV*3FKU.Q_P!FW[Y^@5VJX2X?46YS84VW1+ICBS<I8),@RA&0GW0L
M9!\S5V@<JY;M<7K^N==HF)C$9S\/E+T]MIM?JQ7JZ:S,_"/-1@W+9MBS)<)L
MW+RA&L<;1Z&FCQ@+^^ZCWF+7-ZX]W[MJC9,6Y^/3'"/GY,]E[3LC5'3^GPZK
M<9^7F]&)X#+Y0E3S;:O+U#5I[]/.O1UUSC,9<NBV,XG".3.PXXC(T\>@7L=:
M\2!>PX\3:LVW4B,S,?>U73>9Q$3]RK@;[@9L?G1EHH?*282S (FF2]A<GGPK
MCI[RFR,QPC$3F>'-VW=I?7.)XSF8Q''DG_,\3\PBP5;5-/"V1&R\4**0#XAZ
MZW_44]2*>,UZOAAS]"W1-_")Q\<I@]C*7("(>9X "US<UW<8A&<V!H(IH&&1
M'.0(GB965KW-PU[6X5,PU:LUG$QB6[9,"\))%C:URK,+CUU66QGA!(,BBPN;
MD< >V@>?!<CS%NHNPN. H G@)4"1;O[@N+GU4&!DPGW7#+<@L"+"POQH,B:$
ME5#J2XNH!%R/10;T"@4"@4%N7_QK_P#3/T5?!'S3]0GW?%V*3<]MW.; DQ-
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MBQCL.=9FE)G,PZ:^\W4K%*VF*Q.<?'S;1['THDV!E1X<'FI'\/M\B@DB/2?
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M3[U-M)M>^/!>S[BFO1V_5^^,1/E.'V[H?J#;M^Z8PLW C6"-8Q#)BKP$3Q@
MH/1VCT5]71LB](F'XCW/M+Z-]JWG,YSGSSXNJ^8%RQCA-1"AW<D#2I[0#Q/+
MC:NN7@(MQPI(5F\Q420D#5P-QPIDP9.=CP+)X@\L:ZC$#XK4R)TDC>Y0AM)T
MFW8>T51M8=PH% H+<O\ XU_^F?HJ^"/.5AI9C*SPB$FTB?TR>WT548QO-CR
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M^%'\_P!=,A_DF;^%'\_UTR'^29OX4?S_ %TR'^29OX4?S_73(?Y)F_A1_/\
M73(?Y)F_A1_/]=,A_DF;^%'\_P!=,A_DF;^%'\_UTR'^29OX4?S_ %TR'^29
MOX4?S_73(?Y)F_A1_/\ 73(?Y)F_A1_/]=,A_DF;^%'\_P!=,C(ZCS/PT^?Z
MZ9&PZBR_PT^>F1NN_P"2?]M/GIE$B[W,?L+\],B5=WD/-5^>@F7<2>P51*N9
M?L%!NN0#0;B4&@V# T&;T"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4
M"@4"@4"@4"@4"@4"@4 T&IMWT&"%[Z#0A.^@T(A[6^F@T*XW:WS&@C9,+M?Y
MC]50:%-O[9![#]5!H4VSMD'L/U45J4VG\0>P_51&ICVC\0>P_508\O9_Q![#
M]5%/+V?\0>P_51#R]G_$'L/U44\O9_Q![#]5 \O9_P 0>P_50/+V?\0>P_50
M/+V?\0>P_50/+V?\0>P_50/+V?\ $'L/U4#R]G_$'L/U4#R]G_$'L/U4#R]G
M_$'L/U4#R]G_ !![#]5 \O9_Q![#]5 \O9_Q![#]5 \O9_Q![#]5 \O9_P 0
M>P_50/+V?\0>P_50/+V?\0>P_50/+V?\0>P_50/+V?\ $'L/U4#R]G_$'L/U
M40\O9_Q![#]5!D1[1^(/8?JH,A-I_$'L/U4&X3;.R0>P_516P3;NR0>P_51$
MBI@]C_,?JH-PN+V/\QJB0+#V-]-!N!'WT&P"]]!L+=]!L*!0*!0*!0*!0*!0
..*!0*!0*!0*!0*!0?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>tm214268d1_20-fimg003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg003.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 B17AI9@  34T *@    @  0$2  ,
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MU]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$! 0$! 0
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M?SJ.GWK>7<3$G #MDGMS3KBRFM/+\Z&:+S4$D?F1E=ZGHPSU![$<5_JU@_\
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M""",$5JM3^><^X?QF4XCV&*CZ-;->1<!R**:AIV<TCQ HHHH **** "BBB@
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MB5:^,M7?P[;^*M$L] UR"[TN[?Q%IR7TT%U<F2T@1+>2]C*6*B%X"9,!8P]
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MKCQ38>/_  VOCN\M/A_\2+NYU75])328FOX]0GB57G@O"V$3SHXY_+,+?.I
M8(=@@U7_ ()^ZKXFCU#Q!J_Q"^V?$NZU_2/$$&OQZ#'%8VSZ8CQVT/V'S3NC
M*37._P#?!BTY*L@55 !H^*?^"FOPJ\*>(-8TV2\\37EQX=CO[C5S8^';RZBT
MNVL;Z>PN[F9TC*I#%/;R@MGE1N *\TS2_P#@HOX77Q9\5K#6M!\6Z+I_PNU>
MVT8ZH^F2S6NMS7$%A) EL57YII9+^)(XADN-K\*W',^%?^"7-MH^B?$N&^\>
M:IJFH?$_PUKGA_4+LZ;##Y#:IJ-]?RW$<:MC*/?,JH>,1C)R3727?["VH6TG
MQ'M]-\7:/)H7Q(-A=WNE:[X4@UBV6\M;6RLRSJ\JK+;R6]D@,)4,'8NLHP!0
M!Z=8R^'_ -JCX07-OJ_AW5_["UDR6MYI/B#3)M/N?W<N/GBD"N!N0,K#J-K*
M<$&MKX6?"CP_\&/"JZ)X8TFTT;3%F><PP _O)'.7D=B2SN3U9B3P!T KD_V0
M_P!FJU_9+^"EEX,LM3N-3M;2YN+F/*-%;60ED+BVM8F>0PVT8.V.(R/L4 ;C
M7J5 !1110 4444 %-<\TZF2'!H] ,+X@^-;7X?\ @^_U>\.V&SB+XS]\_P *
MCW)P/QK\_?%WBF[\;^)[[5+Q]]Q>RM*V3]W/11[ <?@*^@OV^?B*2^F^&;=O
M^GRZ /X1@_\ CQ_ 5\VYXX-?PS](7C*>/S=9-0?[NCOYR:UOZ7M]Y_0'A?D<
M:&#>85%[\]O**?Z_Y#ATHI"_T]N:4MBOYRL^A^K1"BD#;C\O.>E&[(X[4695
MQ"=HK5\(^!]6\=:F+/2+&XOIFZK&G">[-T ^IKT']GC]F:\^,-S]NO&DL=!C
M8@S 8>Y(ZJGMZMV^O3Z^\&^ =)\ :1'8Z59PV=NO547ECZL>I/N:_>_#?P.Q
MV?QCC\Q?LL.]M/>EYJ^R\V?F?%7B)A\ND\/@U[2IU_ECZ]WY(^:O!/[!&KZF
MJ2:YJD&GKC)BMT\UU^K' _G7=V?[!7A6W0>?>ZQ<MW_?(@/X!?ZU[H(\4K+F
MOZDR?P9X3P$4HX93:^U)MO\ .WX'Y#C..LZQ,KRK.*[1T_+7\3\U/%G_  :Y
M? '6K:9M-U[XCZ/=2<HPU."XC0_[K0Y/_?5?,/[1?_!JWXW\+6=Q>?#'X@:3
MXJ6-=R:?K=N=/N),=EE3?&3Z;@H]Q7[DE<K]*3:17ZA&G!+E2'@^/,[PTKQK
M.2[2LU^.OXG\BO[0W[+OQ"_91\9?V#\0_">L>%=2;)A%W#B*Z4<;HI1E)%]U
M)]ZX&OZ\OCM^SQX+_:7^'MYX5\=>'=-\2:+?*5DM[N'=L)&-\;?>C<=G4@CU
MK\!/^"O?_!$O7?V KV;QEX->_P#$GPIN9/FGD&^\\/NS86.XP/FC.0%EP!GA
M@#@L.F_LG[%PGXCX?,I+"XQ<E1[?RR].S\G<^"*FT_3Y]6U&"TM();FZN9!%
M%#$A=Y6/ 55'))] *Z7X.?!+Q+\??&D.@^%M-DU&^E >0_=AM4SCS)7Z(@]?
MR!/%?IW^Q[^P3X9_9:L8M1E\K7/&3IB;5)(_EM<CF.W4_<'8L?F;/4#BH2N?
M0\3<88/**=IZU'M%;_/LCQ7]BS_@EC'I9M/%/Q0MXYKGY9K3P\6W)$?O!KHC
MAFX'[L' _BS]VON*&-;>%(XU6..-0J(@VJH'0 #@ >E.HJ[6/YQSSB#&9I7]
MMB9>B6R]$:/A'Q3>>"?%%AK%A(8[S3IEGB;W!Z'V(R"/0FOT:^&7CZT^)O@;
M3=<LO]3?PARF>8G'#(?<'(_"OS4KZ<_X)X?$[R+[5/"=S)\LX^WV0/\ >'$B
MC\-K?@:J)X$E='UA1115&048HHH ^;?VX?VPM<_9N^)?P^\.Z*F@P?\ "96V
MJW,U]J>FZCJ0@^QK;%8TM[%&E8O]H/S$;5V=RP%<3=_\%D_A[X"^#/@#Q!XP
MAATW6O%OA*+Q=J6F6FLZ<IT.U8E)"?M5Q \[K)',OD0))/N@D4QAEP?=/CC^
MS3!\8?B%X5\5VOC#Q9X*\0>#8;VUL;W1!8/OBO/)$R2)>6MQ&<F"/!"A@0>>
M:XO2/^"=_AOP4FER^$?&'Q \%ZS9Z=<:7?ZOIEW9S7FNQ3W<M[*]U]JMIH_-
M-U/<3"2)(V1IY A52% !B^.O^"JO@#X9_$O7/#&MZ;KEK>:3I.HZU 8K[2[F
M34[>RLS>2%+:*\:ZAWP*S1M<PPJ^/O#(RSQC_P %+-/^&QO=1\2>"_&FBZ79
M^#F\7I836MI-JEY;F^MK6-D6*Z=%+FY0B)]KC!W;2-I?XD_X)7^!_%,^I1W7
MBCQ[_8]]/KUVFCQW5DEM:SZS;SV]_,L@M?M$CL+B5E,\L@1B, *-M=A\8OV#
MO!?QOF=M7N_$$/F>%$\'G[+<Q)_H2W=O=AN8V_>^9;1C=TVEAMR00 44_;VT
MMIK[2/\ A"?&R^.K3Q"GAN/PB1I_]I75P]DNH"1)1=&T$7V1O-+O.NW:5(WX
M4[OAC]L30_%/[(FJ?&+^R]<T_0M%L-4O[O3[M(3?Q?V?+<13QXBDDC+%[=PI
M5R""#FN+_:._8TNM3\3WOC?P#]L'Q U#Q-:Z_P#:I->BTPZ8T6F-IS-;-)87
MD3!X-JO'-!(K;V8,C*F.I_96_98C^$O[&^F_"_Q9-#XF%Q::A#K9:1I(KTWU
MQ<3W,>\A6=<W#IOPI;&<+G  /-?BS^U!\</A#\'_  [XZU;P[X$_L[Q#KGA^
MS&B:6;J]U:RCU'5+.W:WW.4BGF\B>1 X\I1+M;#+D5J>,?\ @JGX#^'GA:";
M7M+UC0_$DFO7WAV3PWJNI:1IUW;W5G%%-.6N9[U+(H(KBV<,MP=WVB, ;LJ-
MR/\ X)XZ5>Z9X=TW6/B/\5?$6A>#[[3K_0M*U#5+4V^GM8WD%W;JS1VR2W6#
M;1Q[[IYI F[#AF+G2UW]@?PW?^+[SQ)I/B+QAX7\57'B.\\2Q:QILUH]Q:RW
MEI;6MS;K'<6\L#V\D=I 2DL3D/&&# @8 *_A/]OC0?BM<>'?^$!\,^+_ !U;
MZ[HEAXBN;K2X[2.'0K&]=EMY;GS[B)F9MDS&. 2N%A8[>4W>8_ S_@J+_P +
M(_9M\*^))M-DU75)'T.Q\2:KI=HIT73-1U'4;>S%@-UP)#<!;A9&5=XA4J9"
M"RHWLK_L=V]MXUL/$>G>/OB%I.M+I]CI>N7EM<63R>+(+21I(A>^;:OM?,DR
ME[;R'*S,N0 FWBO!W_!*;X:_#GPMINA^'KSQ/HFCVC:7/?V=G/;1PZ[=:=?1
M7UM>72^1AKD21!'EC\MI(V*N6VH5 +VA_P#!27PAJ7B=H-2\.^,O#?A]K[Q!
MI<'B35(;5=,N;K1#<F^C41W#S@".TN9%D:((RQ,-P<;*ZCX"_M?6OQV^(5]X
M;;P;XR\)ZA#H-GXFMCK8LMM]874DL<,J"WN)GC8F%LQRJCKQE0<BLW5_V ?!
M-]X5TS39AJVI6FD:SXCUZ*TNKI1#>3ZY'?I>0SE8PWD8U&<*%PR@)DM@YY#]
MA?\ 9+\>?"'XDZQXO\?ZJUS>7'AC2_"FGV#:XFL&UMK.2XESYZ6-D"N9]HWQ
M/*VTM)*Y*A0#ZGHHHH **** $5=M)(.*=4-Y((H&9N%522?2LZD^2#D^@)7=
MCXO_ &TO&/\ PE'QEFM5;,&CPI; 9XWGYW/_ (\!^%>1_>6M3QKK)\1>,=6U
M#+'[9=RS GT+$C],5F="*_RXXTSB69YYB<;)WYIRMZ7LOP1_7W#N!C@\NHX:
M/2*^^UW^(M%%!.!7RQ[0AYK:^'G@:[^)7C&ST>R7]]=OAGQD0H/O.?8#/^36
M(WR_-7U)^P=\-ELO#M]XFFC_ 'U\YM[<GM&I^8CZM_Z#7Z#X9\(OB+/J6!E_
M#^*;[):O[]%\SY7B_//[*RZ=>/Q;1]7_ );GM/PU^'MA\-/"MKI6GQ[8;=<$
M_P 4C=V8]R:Z-1BFJ,4_/-?Z3X/!T<)0CAL/%1A%626R2/Y5K5JE6I*K5=Y2
M=V^[%HZT45V&84444 %)LRV:6B@#XH_;5_9Z3X;>)%\1:3#MT75Y2LL2CBUN
M#\Q ]%;!(]P1Z5X57Z4?%CP!;_%#X?:IH=RHVWT)$;'_ )9R#E&_!@#^%?FY
M?V$VE7\UK<(8Y[:1HI%(P593M8?F*AJQK&5R*BBBD6%3Z9J4VCZG;7ENQ2XM
M)5FB8'&UU((/Y@5!10!^F7@+Q2OC?P5I.L1_<U*TBN0!VW*"1^M;5>-_L,>)
M7\0?L_V$,C;FTNYFLQGKM#;U_1L?A7LE:'."C;101D5\C_M,^&/B9J7QUU:;
MP_#XO?1F-OY)LIY5MSB&,-M"L!][=GWS0-:GULTBH1D@9Z9/6G5^=G_!2S1[
M'2OVA=>\0C1_"WQ$US_A'K2VMO _CGP1J&J0ZO&BW;+'H&HP;DM+N>:6*.3]
MTY#)&S%0%:D^(WQ[\?7_ .U3\2M*\*^*_&;?$?P]XM\,VOACP$)3+H\=C/H^
MF7&H1W12(QF/$MV[2O+E&0%"N<,"/T4I-W.._7%?FA\&OC9\<K_X'^-=77QI
MJNH>+3X7M+C7=!33M0N=5\.7[7L2W]Q#'<VJ0PRPP/=A;6+S%8PQLBN%R_2?
M$7XDS>&/$NK:M\/M:^*7CSPU;_#G6%35&\[^T8+PZGI2 17\MJTRI&CRR-@2
M$*)BJL4 4 ^^KKQ!9V6JV=C<7UG#>:CO^RV\DJK+=;!N?RU)RVT<G .!UJ\S
M)$OS;5'3DU^<O['WBCQU\2OVH_ $OB"XU;Q-I'A+QMXFLM(UAXKZXA&GR^&]
M-G7%U=0QRRQ_:I[F-9'&"5*!FV5ZO^TK!X'T[]M?4M1^.WA[_A(/A[_PB-BG
M@YM3T*36M$M;];B].I*8%CE5;UXS9%&9-S1*RH>'% 'UM::]97^IWEA;7EG-
M>:>46[MXIE:6U+KN0.H.4W+R,XR.16C7YTOX6\0> _BK\4/'_@-?B)X7L].U
M+X<0:)H*VDMO;W-A*EA:W45S;O&7E:.UE>-P[$P&(GY6#$X.J?'/]H2/Q/\
M$6\L?$UQ:^.[%O$4#>#EL-0O9DM8YW6RGM('MA9HT=JL4\<BR.+@OM8.[[0
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MAE(R".]25R?P,\2_\)=\(/#>H_Q7&GQ;_P#>50I_4&NLK0YPHHI-PH ^0/\
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M1VA 4.V\?0__  3]^+^M?'S]B_X<^,O$%]'JFL>(='CN[J\C@6!;IB6'F!%
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M]FOX8^#_ !%XLD\-^)-.U[3#J$^O>&/$6G+IMPBRK&SV4-S<K<77#!]D*RD
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MS+HMQX@TCQ!HNI)=WL1AU?5KS5)9T6ZE"3QW%[''>/;R+\T0N4698V17&5H
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MU&YCD^6-[*W:V"I$"4>:[(9]L;QQH0_JOQ _8:^&OQ:\5^-=:\6>'[7Q1?\
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MHOPQ\?\ AKP#X-^$NDW.E>#];BU;SKJ2;R 'EN&C!:W6?9L#,#C.6Y<J.?\
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MG6[G4&:UOK5F<BU-LH"(<,H,BJ#\O3FO1Y<LG1I*+LT_?O>[6FUK^=O0^/\
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M5>C--QO?2[C?YK5]CZVHHHK]9/\ /%[A114EI:R7URD,,<DTTK!4C12S.3T
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MJ4ONN?LV \8.#,:E*AF-+YR47]SL?,-%?2$'_!(C]I&XE55^%'B!2QQEI8%
M^I+\5W7@K_@@G^TIXP*^=X5TC0E;^+4M8AX^HB,A_2IIY%F$W:-&7W,Z,5XK
M<'X:/-6S&C_X&G^39R7_  2V\?\ ]@_&?5-!DDVPZ]8%XE)X,T)W# ]=A?\
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MC>!<=2UH6FO6S^Y_YG]@<+_2OX6S"*AFD98:?6Z<H_)Q5_O2/R,HK[@\<?\
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MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHS2/\
M=H #TI ,'I36;%9^N^)K#PO8R76H7MM9VZ<F2:4(H_$USUL12HP=2M)1BMV]
M$OF5",I2Y8J[-(>U&<"O"?'G[=7AW0&>/2+>YUJ9>-RGR82?]XC)_ 5Y-XJ_
M;>\9:](RV?V'2X3P!%'YC@?[S?X5^4Y]XW<*Y9)T_;>TFND%?\=OQ/L<MX!S
MG&+F5/ECWEI^&_X'V6\F&/S"FM=(/XE_%J_/W5OC5XNUQO\ 2?$6K29ZXN&1
M?^^5P*P[K7[^[8M+?7DC'NT[$_SK\[J_2;P$JRI8?"2:?5M+\DSZJCX1XQJ]
M2O%>B;_R/T>$ZF+[R_@>M2)+N'!%?Q_V/QF\8^'KR0V'B[Q39'><&#5KA,<^
MSUZ5\.O^"F/[07PH*?V'\9/B#;QI]V*YU:2\A7Z1S[T'Y5_35&O&I3C/^8NI
MX/XU+]W7BWYIK_,_JX/RT [J_G?^!G_!RW^T1\,'BC\2?\(KX_LUP&&H67V2
MY8=\2P%1N^J$>U?=G[+G_!SE\'OBW)!8_$32=8^&.J2$*;B0G4M,S_UVC42*
M/]Z,#W[UMS(^5S/P_P ZP2YG3YEWCK^&_P"!^FA+9I0=PKEOA7\8?"_QO\)V
M^N^$?$&C^)-'NA^ZO--NTN87]MR$@'V-=0GWJH^+G3G"3A-6:'449HH)"BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M/LSVP-FBD48%+0?&A1110 4449H **** "BBB@ HHHH **** "BBB@ HHHH
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M_+R9V8;-%(GW:6@^7"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHIK%AVS0 A.*BE=8XV9FVJ!D]L"G[MQ^[7SY^V?\=V\-Z?\
M\(OI=QMO;Q,WDB'F&(]%]BW\OK7R_%W%&%X?RRIF6+>D5HNKET2]3U,ERFMF
M6+AA*&\NO9=6SA?VJOVEG\=ZC+X>T.<KHT#%;B5&_P"/Q@>@/_/,?K]*\/4!
M32]%PM*!S7^;?%O%F.XAS">/QLKN3T5](QZ)(_JG(\DP^5X58;#KU?5ONPHH
MHKY<]L***1FQ0 M%(&R.*6JA\2 _&?\ X*$_\GJ?$3_L*'_T!:ROV,?"OASQ
MY^U/X"\/>*M$;7]%\1Z[9:7<VJW\EGQ-<1H6WQ_,?E)&W(SGJ.*U?^"@[?\
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M ***"<"@!I8XKG_B-\0=(^%?@K4O$6O7]OINCZ/;O=7ES,P6.&-!EB36\TN
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MJ?+.A:!?>*M7@T[3+*[U&_NFV0VUM$TLLK>@502:_HJ_X(%^,OB!HG[)=O\
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M-%SM2.-$4!5 H ZRBBB@ HHHH *:8PPIU% "*FVEHHH **** "BBB@ HHHH
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MV-PKZ ^(G[+_ (HT?]@/X9^ _ UY)XSM?#<FEG6;?3]6&F-XKTN-',\$%SN
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M9P/3<A'_ ++7TY7RC_P36<F^\6CMLMCG\9:^KJN.QC+<****9(4444 %%%%
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M+Q!=O<W%JUM#*D@)^56WH2<*% STQTI2V*BKGHUEH?AO0/AO?>(O#^GZ??\
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MBZ;XCU*RT72+?4;:2UGN[?387B>\,4@#(DL\TZQDCYXX8Y!\KK7N5 !1110
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M:\,32=I0:DO5.Z/Y*]5TJYT+5+FQO(WAO+*9[>>-QAHY$8JP(/H0:KU]B?\
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MBEH4Y%%>H? A1106Q0 !<5&\GE^PQG)J.^O(=.M))IY8X88E+/)(P54'J2>
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MK^IC]I?]F3P?^UK\*]0\(^--*AU/2[T90GY9K64 [98WZI(N>"/U!Q7X#_\
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M^2,5BJV)JRKXB3E.3NVW=MOJV]QRKMI: <BBK, HHHH **** "BBB@ HHHH
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M+_5:;81_[ENB_P A5](EC&%55^@Q110 NWYLT*,"BB@!:*** "BBB@ HHHH
J**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>tm214268d1_20-fimg004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg004.jpg
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M8P_#%\23</C\/CF.B P/3\*2BK@5\&=ZJ(%^2_KK'=G)2GB<S&'P8_,.BH!
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MZ4++H&YM;6V@PG]D1;N5\)]!(] ;>'>A7O.' ;>VOR]0!P[NYT(.+L=(QCV
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MWP_X5./'<6TTGC,\(S+DX$+ =\H]O$H #_TA\#BX-'Z-/K\/_J=H(IP"O+D
MWJ3^@(3'] 51NU\#?E]N$/Q&^_<'WRF./DZ#;''T+4+X/"+^K?@/H!'\./R5
MM)\ ^LT((.$(.*^!XQK8KP:X+7@,.JN_8>6]F8/W=:X>/D#9N*+"+@#];$M'
M7U]?3T]/5U=7>WL[9J@M+2W-S<V-C8T*A4(FDTFETMK:VIJK455555E96596
M5E)24EA86%!0D)N;FY65E9Z>GIR<G)B8&!\??^'"A?/GSY\Y<^;$B1/????=
ML6/'CC)\\\TW7W_]]:%#APX<.+!GSY[=NW?OV+%CZ]:MFS9MVK!AP_KUZ]>L
M6?/YYY^O7+ERQ8H5'W[XX0<,[[___KOOOOO..^^\]=9;;[SQQFNOO?;**Z^\
M]-)+SS___+_^]:_GGGONF6>>>>JII_[! ,_33S^-(_!//_!0>)X<!C_E\9$#
M@*P Y,F!_%]XX8477WSQY9=?1HEOOODF*O#>>^^A8LN7+__DDT\^^^PS5!C5
M1OVW;=NV:]<N7-3^_?MQ@;C,(T>.X-J/'S]^\N1)- 7_4:Y+ER[%Q<6AB1(2
M$M!6:+&TM#0T769F)MHP.SL[)R<'[0GD,>0SH)$!M#90Q%!<7(SV+RTM+2\O
MQQW!;<+]8L\IVL$2<']A.M$KT$_08="%T*]XAT27PY'W9.[Q@?79/QR?(+49
M!J_ACP/1N&;YP-7JQ\$URQ_0,@XKP[4S!Y^B^8 ABHUN6CX60M<P?+*]'/U0
M--P7Z%IG9V='1P?7-;[B#5V3R^70-8E$4E=7AUO)E8XK&NXO= UW'+<>/0'=
MPZ=K24E)ER]?OGCQ(G0-O0L]C>O:M]]^"UU#]T,G_.JKK] AT2W1.;=OW[YE
MRY;-FS=#U]:M6[=V[5JN:Q]__/%''WT$15NV;!FZ-P!=0V]__?777WWU5:YK
M4 2HQK///@MEX>"*PST^,%7S OK%M<P'"!$'BH9\ ']U@ZX!7-=0+DI_^^VW
MH?6H%=<U5)7K&NH/7=NY<^>77WZY;]\^Z!JL"JX7U_[]]]]?JVMH(JYH*2DI
MJ:FI4+>,C PH&M<UG[IQ%?,'5S1@A*[A'N%^^70-MQAW')T!G02]!7V)]U4.
M=$CT87X4\=O@/V8UX@_>+5"]'Z\AC\#!^_JUX&IP+7RFF?,;GZF%G07\R0VW
MLS[;"G JPVTK-ZS=W=T@,3"LT$D85A^#J:^OY\:TNKH:QA0Z#&6&)<7(RLTH
MC *L0VQL++>A,!\P(MR&PH >/GP8]@4&=._>O3 W,#H@*QLW;H3I7+UZ-4S2
MIY]^R@TH^ IL*)@*!^<K,&'@*[!E *@#3@&85T1 9!@U)/=Q"-@U&&A0(I0%
M>@3##;N&:J ^ITZ=XA8-]?29,]@RSAM@R'QT@?,#6"L.7"^ \:/B&J U<$00
MC)K/KJ&YT&YH0+0D6A6-C&9'^^..X![A?N'&X9[R6\_O(\#N\Q7POO''@;=:
MOU/%O&7[P1OPBX#DO,U]]X*?^H,I%FF6SP\0QQD&5S?&:DC=?(K&20RF"C37
M9O#I&I\P< ;CT[76UE;_V0+7-:YHZ%KH5- UC*,88M%+,>ZBTX+X8E3F<P/H
M&J<L7-<X64'/1_^'HG&R EV#:G!=@Z)!97RZQB<&/EV#?G%%X\ IY A%-/!U
MI(*NK5JUZHLOO@#[ 5^'(H,2<5WC9-VG:^?.G?/I&F@Z3 0G#9R@<UT#%?,Q
M ZYH4*4?4C2N8@ _11.AH=!<#0T-:$.T)(P8&ADMCQN!FX(;A#N+N\;ON._6
M\R-N*Y>(^+="I!$W$ZCD=>$-9KA6\L<!KYCOR&TKC*F/OOCLJ3]KX<84-A33
M0<Y7.%GA4T"^M9!;3TS^N.F$$8%EX7;31U!@B6"/,-6#;8+I/'WZ-.P4#"AP
M8A@PICAR(4(1!Z0!IM8W$X(MX[R!VS(8,K:XD _2 !.&<F&A4 %NH<"98*3
M"0#4#8#!PB35=^3@00"/"0GF1K!KX!"8Z>)B<<FX?#0%F@6MA.9"N_'6HYL]
M#-;&?^@.P,&K]^\VP;P=_.$-\,.U0AYS!+QA#%[1'[Z%_8&F!KBB 3XM&S%#
M\+$6WS*G3]?XZB8&6C 5OM""7@J^B\$8W9Y/!KBN037\=8U/"7RZ!OWB $L
MN!\:Y],USANXKG&.#MX ZL,Y.B<-*,['R*%HJ,:/*)H_?.M#'#P:[ 9T#68$
M]@3,S%_7T$IH+C0@FHXW(X[>)F88<2KBWX0_-(T0<2L!*@U U7T3/I@ SDY@
M,?VI"3>7F-[!4/JOH_"'0?YS.]@7OD -6W-=JP0@"$ < )&1! DYP&\ 9(4,
MP0D >'Q^#DZ# ,3G:7U)?'8-]42=47E<A3^-X)?LO7X1(GX3\%X'<&KBKV@
M)RC0-2@:US6^C@)%X^LHOJ>NH,B<FG 5\-<U@"L7P!6-'[D<1\3DNL;ATQH
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MN+D!_ T?MWTP?-SD^:R>S][YB 7 [1T'_) @%'&X7>,< MGR4KREBJ9-Q W
MVU<8O*(?AC?>U3&]HM^POWG+&Z84O-O[8X26<7!=X^KFX_%<T0#_A0V ,W7
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M]V-T:.^Y']QN)T)@':3U-=E9:17E1>GIB<W-#= =*!/48%BGD(/O",6 (Y6
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M:87M>56]E0WJI@Z/'DF(H0@.'W%'P2 +;N2OTJHZ.UH4TKI&J:2[K56GU3C
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M&@2A4_"H0#(04)"35%>6K5%U9.<EEU3DL04 GA=7.CZV\5/*B<&KCWY^7QR
MI_)%P-&3E9FN5/9"Z'+3@D1&9K)"7J?7:CK;6ZUF$Z*@FJRFB)E:4UW:V]N:
MGG*QA7Y- Z!G',/Y(UL.C]UN:6I26"S\(W<D&2[7P>)S^%)Q!S^O),#]/!1'
M:+TW&D;NID9I:EJB4MECMUM;6YJZN[O<]/4+7A# 8^*42R@Y\^#H(P0\%!Z
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M+)0<>F-ESO'+^Y:M2CUQ@2P!+;8.STZ&G:BZOSU$&G'#\-#682<Q"5(I6HS
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MHBLO+U[58X<[^A4Y_OC<E;\CP<<VKVHA#COZXUH)X!/ZIQHAY/"-G?Y"#D@
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MJ/CAQ0,,V%0Z Y=0!*:65$_:'TUU(S]S_!+(^8&R8UGQ4Q\)^/7@^?#,6"$
M2J&J0.+R;KHB^"K/X?.SP*O\@/]CE%\ Y.#UB?C3 WW!Y71YW$Y-7[.TODQ/
M7UP5A+;.@L<>*(O J/^7QM!1TK!?O@(Q[.B]T(:(OS:$_Z4Q_+:&\-'RR#'2
MJ+%U]"%M,(G QK  ^80Q5:&C"R<%YTX-3;E]?.*,T(NSIW9\<SAWTYXW@V>M
MB)BW?,*"S\<O73MNP<9Q\[<$T ]U;@]>M"4P9EL(+5&L#UP(?D#?M>2_]AD0
MO2-H$<C$%Q.()8 B(/(.^N@U,8]U(='K)BS:.'[1AJ!H'-<&T\]P[ R(V3<F
M9N\8(AQ("%ZR)9@^DKT]..;CP+DGWE_KT!KL)C.:J4_9[>+3*U@4Q@K\#4M-
M8LZ&14]M^^>;SD$C)$Z;_;M/-FU>^FS&UZ<IHELP]VJ[B^I<RB%*::-W,^S]
M>F.OJCJSZ)L7/Q)T]-NB5HW>;;(+5H]:VJIO[243;!=2]QX[MF:;VT[6@ULS
M*M"O:!&_,40:<4- YT17']%9[2Z7C7U0B32)QF>2NAQL/Q$T"PG8B(S1CGV+
MWN'RV-TDO0GP#?9L/.7S?MJ=P$_) PE7,/IB-ZTHNAQ.,!D:NVE%D81T>C60
MEA_YP/ZS7O?X<;","2QG>NY)2YAN%W^G Z%4;U:N+QKW<"&.O#*<.N 41RZG
M2")$_!J@^U%_]-AMI@9)B5+91B*KLVG3CMR(D+JI?Y6'_5=3V#@9>Z7B5SIZ
M.S3L-D7D*/85[;_41_R7-.JVZO!1Q6%C\R-#LJ,F%,V;4_K4WQ4K/S%^]YVE
M(--27V%NDCDU&JM2-R3MTA74=%[**__RW+F75WVY]/G/IS^P?,+\3\;-W104
MO2T I&'AM@E+-@?3'LDM040"=HTC!S[!?_P3#G+0".^^A_%LL8%ML( #78"<
MOD(QEC@$)(BS-9A^7AP<9<.X^: =*\*BI?'9:+/^SDZ9M-9J!T5PP,I #TF3
MH;7,4.*T+#8]:\7.(\]]4)]9C)">NJ:O7UX>_\'F2UL.X;0H/6?/BB].?+%C
MTPOO=-0TJ&J;][^U\IL/UZ9_=TZ247KR]<^':CH.?KRNY'*:4V4\M6'W^4W[
MCKR[.O?495V[\LN7/OC\[R]=.G;*Z6 [++@-P%$T!K\31!IQ0T#_A()0+^6=
ME<9EVG)L]7AL&!+9>(BAVTY[?M@XC>[M8 [Q:$ATV@6[5;"QO<PW!QA!,882
M1V$O6_(QE8_'/!25O(I), ^K#R9=; (!X=5@.1"0&Q^P;Q9XQ6@'&]4 !H?>
MYV(3&*HV&LCO$JA6/DK$TGH7'G@<[N&A $Y%B/A50">BGBCT=7<T*&K,9BUT
MPY!?FK<@NFI2</5D#/:C%*&TOW($)_@%KB$BN"$\2!HQMB[B-LFDOTHFW585
M_M>224&5B^ZJ>>\UV:%=EK(\0:\5[ [^XW_T_7VG'=I"<V^JI]-KB:PNC\;8
MEE>1MN>[[U_ZY--)2SX+GK]IPJ*-@0NW!"S<&;1H:T T^ '8 #&&$&(,8!*;
MV4^*@Q\@B-88V.E.]IOC%)-%!FE Y-7L<09_:V,3V,GX)9N19/RBM>.C-RY]
MUJ'4V6VV1EE]7V\'?W*+&A&-0#.2IA)2CYS.6+&S\G#LMVNVNTSVDKVGDU?O
M+=QW\N2&O;B$H7Z-5:T?4'3L>VME\M=G+/GR=='_:,DN0W)9=L6N^U\\\\IG
M14<OX#*EY]-W/_N.0=;5EEBX[E]O:MN490?/G%^U YF0.6"&CH C]XCXS2'2
MB!O"E2Z*/TR-\1<DW(81$+-Z3*D=3L%I=0IFI\?LIJ<9F'#33VMBXN]TV9S>
M#[;9P2]X-K\2?*"GO^ "'K?-9L6I3X*CR^5PVE$[T 6J("1NIX/BH#K, PES
M(\&&9@(G*%[IS0#/%<WB=*&V-AA&F!Q0"I0S'.JM#UD'1A2XG$L<#E2;R T/
MXGX6782(7PGT,9?#;&I6R+I[NS [$(;4S1]]E!L14ATQIC9BE"PJ2!H>*+N!
MW_C^*3>N)CR@;LKX^JC@QJB0FM!Q!>&!>?-F]&U?;:K($;3= HK&Y)Y9&(S,
MWGW:;D@%,ZTA0N[TP+#09RZNC-DNC;$YJ_38FY]_.GGI%P'S-P4NW!08C8%_
M:R M)X *@"* #8 QP&T+)#*QD?VF%_&&0%JNH,<<H O!M%5S0PAMB5@52K3C
MR[$Q.P,7;0Y9A"3;@A=O'A>],7C1\@GS\PZ<0+F]S<VMBGJKW72%1E!MJ4I
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MP4SQU1U?'7X<B.:K,^"57@V?')[A6R;B#P>11MPH6/_UVB,OC8"(9A(X,*M
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M[D/T=#S<[=6FNX#Z^OK#R8<K*RNK*ZN^^?:;ZGI<8@O<T1,G<F5-L^_[Q_3
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M1.] WH9N+P91R/J1'(M+6-I8)S77N"PE5$&05Y 7"9UPG#9:=QPKC?YQV+;
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M,V=65U=__OGG145%K[[ZZLZ=.\%;3$S,TT\_#?Q@^O3I6[=N_>"##\ /[;
M)C%GSASPDYB8"-Z:FIK@*)S>UM;VSCOOY.?G;]Z\^=EGGP5Z45%1<?#@P9J:
M&AJ'TX =TH"*8,3OGWJK3]:-P.]U!3R\_8OY0)B 1D"J(C-S$P=,!?B7:,25
M#(E&2) @X6H#FCG7$$O>*;8VF-YX\10.@+C5$.FC"PLTJ$9J(@.,JN'F\.$X
M[1.G8/1@##\AAHA 77A ;M#-IIF?8HL@F&QL;<1!D<N7?A^[:D5-;<.TF;-G
MS9JU=NU:8 ,__/!#7%S<EBU;IDR9XG0Z'0X',(/WWW\?" 0P@]S<W.CH:-#A
M*-"(M]YZJY%@\N3).W;LF#IUZK_^]:^DI"2-1O/VVV];+)9UZ];!64 [@*
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M:W10=IA?^A_N;$B(+=FR?_X?GH[V&S_'_Y&Y08_,!W+@__ <LIS4W!&/4*(
M%('2"+< ;Z"C(F:&C%\0\LBB@/'3 Q]>]N)'8@?;T=1BU&M;6B'U</4:5^Q^
M!(E&7.&0: 1B^O3I&HVFK*P,="C'J9GL$UP:&@&@Q2*E$7 [[E:6GP&W,8N-
MC;5:K;MW[P;K"ZQBTZ9-G9V=2Y8L@<#=2?2STPJ>8$%! 8UV_RW,!8!+T-(-
M: 1<%R+\L^/<'9 FWW__?6MKZZY=N_HV-T)HD-3NF)^E:);0>T "4G$!$A9
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M1"2@.,S7%#',$.63$Q&0/CHT]S\O.(XGB]8FG*3I8$0'C\0 .[ @GN=]XM@
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M:X3 ;]V^>57L<G=,>BNNE%P-J0KGTM/IC2]?M20V<75<8@Q-J)4QKL")-_!
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MA(*1PPI4 9DCO+.B0HQW1>5&^N=&#,^/&JX9[7_\[A'J/]UGN._N/-4(K2I
M&^6?'QF8I1IQ,G*T]L%[3>/OS8H,RPL+T46,T$4$F51^!1$^9I!P$#^0@O
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MU?7)F0?OO,<<&J0)"]E[=ZBS+*?J\)[#]]Z>J@K)^6:^Z&PHFOIA=FBP/CR
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M]]_4$3<<;5Z<7,"*^X]"[B%H+S%D)1AC/D'))"F!N+3'_\)>N=5]&Z08OUA
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M<(%QSE%<7%!H-CILG22E< 4<2"M,,]PC:2?A*L: IA$$KNQ*WG_Z?@.-^&#
MTH@N(:M1(8WP$]KHIVL $/D^>N5<P4"B,/B)7EI[0AJ1C(MAXQ)2I$H-9HE4
MK']:(<T#8,.$^"&XU 'P"=A=*[<E#+6L"YK]N/+=>V^Q;0IK2[CEO3\,_>1>
MKZ8$E7U36.8W(Y[TD^U\;QB[ZB:H0+-KH3*-X9SU*I1&X%K:N'P3EZ#@$N1\
M@@PG?)9O(7?A)$RH#U(&@@#3@7:$3+#M6NN?6@5+R\[[>:!-V''39<(O0IP)
M7M:--Q4MN^7[IZ]_UEN6,>GFSB1O+GX(+G,9B_R#20(FT0O*@CQ,R21ZL E
M/K#-!FA$9^I_1 &79L3*,1I "9<:A*<@6EM;329346F9 _M8&9%K:TC>G/S7
MAU(CP=B'&,,#]:%^^DB_O(CA*?=&%G^_V&%4BQ6%':D'<IYY^J0J1!]RR_&0
M7^G^?*]EUZ;BE;&;[KJW;MZ,YKS]^2\]>^)WOV^(^=YA.,65:MH.;SWVYW&G
MPD,,44$Z5:^[),XIQG _H N@$!KAHZ/K=I-1%W"H(,RO8"3.^-"%^9E&A>"J
MEV'^!:H@37A06L2((\_]W:K-!=HFL$QY>:G!@$,BR!OFJK%(D."&1"/Z2?J1
M1D 0F"BNP,!N8M,O5 ]@S]ETQ!)WBQCGA5,-P62>6X TD"&$;*(GF^C!DW6O
MN029(\G3NOZ6!7]2O'_7+_EUP\7X:W/GW/KT".4;]]P\ZZ\CGXSP_.SQZRQQ
M-PKQOQ02?LG$#17H%,=S"]"(6 \^P1-G=L#N*IESU5"V(@EN@!?;!;&#5!_[
M('$P:2!)0 2HN8) H*32RK6T;;\?NVQ6(8T@JT%<A"3*+3'7)[QZTYLJY1=_
M&'(D^EK+INN8-=>(,4/QXQH@L3(!OY&!'.O<@KP!.8>231C")7B"SL;(V]/^
M"_< 5HO'K@T'S?T2+B6 1N#WY8G2TM*B4>=759;RO$/DK"+3UGXTY>1?GS@1
M-D(7YEL0Y:,/O]40Z:M6!1P+\U>/^7W%WY\X>7M4EFID;F1PWFT!N;?[Y-[F
MFSGBIBR5;UYDR,EP_\.CO+-O"]2$!62&!F2/OT_]UT=/WAF5'QY0%#ZL./1&
MDVIX=S;P\Z2K?0*'2@!I,.%"%*1Q@DSE /90$!I@C@C4@F-$D#8B,#?2)_\V
M[^SP6X]'!F>_^.].32ZVAW%L=56E5JMN;F[$Q6^P'X/%5;HD2.@&B4;TD_1O
M:P1)#/*#\ZW V/"$5HA,0T9[S#!QU5!Q]="N%G@T5#^M$ ./+1!@\+!F3(@%
MV+8X&1<WM&K1#:8Y-W$)OV5CAG(;?EWZPTUK7QFRY&G9SD]^7;WZU_P:3R%6
MSL=Z" E>Y.->Y[@*VFQ@#VP2&$N9?1U8332T]M77.LO6PUU@4PH.?^N;E,%P
ML-:(20W%GJLM'/>:&G<]X$2>!/%17JPD*NVK?Y'VEC+[TUO;8H8[UE_K6"=C
MX;[H@%/L'G+-[.AY8D_!,:WD*<@%)'] (Q1LC >A$3C9$3\-BS11*K@O-;#;
MI!N:FFHUNLR&ADILT8=WCF'M)XYG__L?1T+]S+BXY'!=Z#!SA+\YW,<T8K@A
M9)AFQ'#-J, <%7XE2QWN;<"UKH<7J887A/F85'Z&2&]U^"V&"&]CF*\N-# _
M-% W,J!0%6!4W:2/NE$?.:P')_@9HH[RR1LU7!>)5RP,]2L(0_:@BR#30<F\
M4* 4I-D#5[_0C K*C0 :X7\PRC?O[1<9LU;D&+CKZOK:?$U^75T-Y$#RZ76I
M*4+"3T"B$?TD_4LC,!3XQ_%-.$X:7F[:?N]L/&B)OY&TJ_=N! !XPTX-0B.H
MR5]-FOU7R\7$(>+:ZQT)U[%KKW/BURR!+OR"67>CN.:78J(7GXBC**#JC#WZ
MM-OB[((T8HT,3N$2%+:U:,CA0FVQ-]@K-KDBCO4<4"\>$!9V!0!UH-VW730"
M,DY]XTZD$6PBT@@<[H#BT4VA>F\4HL==(\;_"E,)V$"B@E\C8]>0\1#Q0_BX
MZ\0X<*?=.N<+BK;6@,3B@X 0G#'*MHPW<>8!1!OOPW5O$BXE:%,$ *PI[@I,
M96UAOCJKJ:Z)Q[8N$*=@RLG][PO)8?[:L !39* 6O]#M8P[W+@CS-D?Y:B*]
MZ7#(@LA@8S@N%ED$5GRDGR'<OUCEKPV_53O*6Q_A6Q0>;!X1I(T,,:@"->'#
M<F\;IHGJ.3KR9PA^+X/,!<7%L\/!)4"+8RPH@<"&BMQ1ONI1/H:(X5H@'&$^
M.5'!^T:%FJ=\RE7A2EE0/ZFOJ\_7:*MKJRF!((T0R*AHLDB0X(9$(_I)^I5&
M0"!@'\G(,C*H'(34OWE'\\[&-;_BUF ]F-AXQ3D%S)@7G^#%)'HRB1Y<H@=.
MH\#UFZ%:K( *-Y<@LZ^56]>0&00K%.(J)0>T(V8(%S.$2<+EJK"]@;3,GQ'R
MCP3)1*Q<7.TIQL"U% +4U&,\+7&_M56OAP<*M^$R^'T #(]\!PT'2("0GA*P
MQ*S(5[5M>T $DH0C)<&Z4XK37:%Z;Q2BQRE$N!>2U%R\!YNH< (#6"MC$J]A
M$ZXEDSOH1\OH63U"<"M=@TBP)0.#<JZ1.6(5EB.OBV(;)@N.]>BC7"/A @$F
MT]VO 1LG8Z^LJM!HM WU]=AC!FR5;Q?J"[73)Z;?,?I41'!.9$#>:'_\X@9.
M?/#7A_D8(OTU. G37X]?WP"B$*I5C31&CC2%X$>Z\Z)\\G&-[6!]Q(BLT2/R
M5<'&R.#\*%STN@<G^!EB#/<%-F-0X5I5$*7<*%SZ&AQ!#"IO==3P[-N&Y8X>
MIHT8KA_EEQ,9E';G':7??2=BPP,C<([FVDJ=.K>FHHKG,/\1&H&@*2-!0G<,
M5AIAO:II!+&+:&&PD'/-3<")W(RS>5=]PJWV-4K'&JCZ>YQ;2(48^^^A!DQF
M-BK ' H)GF "R0P%M&HXXP,;ZCV)Z26V,PXKTT@.<-4I&<Z_B.\9\AD"1(2<
M"YYA"WQBU=#VE3?:*A*@WB/@-%[28- '(+0$QYSB&$O8D/(??FRB6-*V^7YQ
M.1FXT!?"Q<GL"3(F3L;'R(25.-H#.(H .FR!K,#N<@]QI;S'66<5\ ^!K);Q
ML3)VF6=;RBN<V$B75>219[EN3\(EAMMPDMR$312UE>4&34Y5=2DK.,D,*4:T
M-E9NB#D\[H%CJD!UE)]^%%3W?0M4?D:5CR;*-V^T;]XH7QS8&$;X1$2@2158
M/-+7C%\>'VZ,\#%$^*@C_7.C\-/>A:$!!:%P8D].\#/$%.Y7%.JG5_GE $L8
MA<M?FL)\"N"BJN':4=[JB%O,D</UD3Y ?8Y&!!YY<GS]OIUB1R>IE'"U-64&
M=59#=?GY)G-"JE"1<%5#:HWH)^GO3@WLSP!3"00"V02$R@&E8&U-R34K1S7&
M>=<E^#3'^C7'^I]#6F/\6F-]6F*]F^*\&^-\&^+]&^("&^*"&N,"F^)\F^*'
M-\??W+'*NW.57T.<;\V:W]8GW&2)"6B)"6J*!0EHBK^Y*?Z6EAC_EIB 'B'W
MD*8XO_H$WY98_XY5 6TQOFVK_=I6^56N&-%1M1FGF> :YZ1EI4^ 20-AD1(>
MYW\@Y<(/-_)-]J,SQ'W_%@_^6SST+_'0/R]64O[)I_U3/ RA/2<>>$;<_V]Q
M_XOB@1?$P^#X#_'0LZ@??*[G63WE&0SA\(OB(3@7Y%ETW/T,E[_,SK=R.)FW
MK[*,A(L"/ 3,3?@&L_4U)7IM=DUE&<L "09GN\BW.[(SC[WXK^0[0K/PFY_^
M!:'#]*I;\Z.&Y45YYT7Z:"*]#;?YYD?=HHZX%7@#73#*J!H& HHF:K@Z$K_)
M613J6Q"&LS%[<(*?(;AT53A.%L5%M2/\@+44XO="A^LC?(%2P-&B,/^\T*"]
MD2/UG[XO:'-$#J@VS_'.ZHIBK?9D?7TY?I.]J_3]*< !.$Q%PE4-B4;TD_0O
MC4 3B2*X1M^!X>18,,A<A\F6/:\S=Z)%_56G>EJG>L8YI$,]$R4?MK/;-7/:
MU'/;-/,LVGEMH&MFMVFBVS6SK+FS._.C6XQ3FLT3+88I'?GS.O(7M:L7M8$W
MW72+?DJ;;FJ'9GJ/D'M(AV:F13N[0SW?FC>O4SVS73.C73>Y33^#:<^"8AB?
M*@X2[9O"")+%0:@5EOC8\@PIY&0$@>5X]9QIIO^]K'_OO_IWWS"^^]I%BOZ]
MEPP?/&]\[T7C>_\VOO>L_MW7=>_^3_/>V^J/7E)__*+ZPY<U'[ZD>_]EX[NO
M]CBQNQC>?4W[P1OY'[ZI_N!-W7MO&M]]R?3N,^;__M6\^ENH^"))Q.H@W$7?
M9!L)%P/,4$!+@97R3DM==6%>;GF1J=/6)L!;R *3<#@JBTL6ST^Y[P\X;S/,
M5Q=^BV'4,$.D#QG,Z*>.],T=/4P]VB<?IVEXYT=YD]6B<&%*782W-M*;?MU;
M$PEFOB<G^!FBQ>^&XZH2N#Y$F*\QW-L8 5'R-4<$:48&YH6/S P;<7+L0Q4_
M?"LVU^. 2IZS,1WFDCRM(;.QL0(G>@+'QT4WS@9X8=TBX:J&1"/Z2?J31D 8
M8"WQ#1=PD7!,%JA&@)/8F95M&A72,#J@:K1?S>]\:WX'V[/+G7YUOT.I!;G#
MO_9W1.Z$+7$ACG6W^]7=X5=SEV_E7;[5=X)+8,5= 15W^U??Z0^GU]X)X9SO
M*B!W^L&YY7?[E]Z-9\$I=7?[ZN[R;4K9CK>"\TSXOJIW@^7%C\MC@$@D2(8A
M.N,\<?NH4IFL3"$O57B6*;PN5N37E,NOJY /*5<H2CUDQ1X>A1[7%BI_4>3A
M4>(I*_&0E2H]2I5GG-53/$N5BF(/>:&GLD0YI$RAA*",,EGV\__ F\%T<;(X
M(18?KH3+"0$>!F15#EXWW.5X:U.S.3^WS*BSMC5S F,5608..9R=)[*TK_TG
M<U2D.LQ?&X'K-!BP<2*X("Q8IPI21P;D1_GEC@K(BPK41 09P@/I][0,Y+N=
M8/7SH@(T9W""GR7^>E60,3S &(X#*O-&XP@)-1*+L,S0B,.__X/FJ\_L^2?$
MCF81LIB3;VFWY)IS-279C>V5^ X18@_%"[Q09P#?J1^+A*L:$HWH)^EG&@$5
M5 Y2@R,]&I J0")P4*$U-;-6=ATG4[ HLMX(URW:$.'N(LB4<!3\P"&W?[M,
MYN@Z"_Q0#^<5\-8IE[7+4:<GULAD;9MPI@9A1'U%(Z"PAW1PD+46D$;0$@Z_
M36AO+[WK]FZW23[R?A$BR#Q$F2>N52J7<2 R)2/S8"'%Y*Z<23[WJCSWM2"?
M@&<(P:F E)%S,CDCE[7)9"7//XNE."[US#I%&^FAD7!YP8L"MFK13U%!?L4>
M)[N]V* S:G+K&ZL=G!-L+\<Y\:5L;*A?L^;DW_]Z:'3HL0C\4$5!J*]YI+\A
M(E@#1AVG;P"'"-9$A!C"@XWDZ]Y@^,G@1S]U9-\,L<1/<D#(X8$ZG'3JHX[R
MSHGT.QH1?/CV43G_^4_;X0-B>R..3.*=P+#KZVKS-7F%I87MV+@"KR/F/0!.
MV'#=?G?0%ZN[2+BJ(=&(?I)^I!'T)<8)"-@O2^PP*T#IY13%CF/'RI5#6+G<
M*0<KA0MRGT/ &Z.0LW*E(/,2NBPB+N9-UO,&$RC(AK(R+T8!"AH\5DZ^&(+?
M0,?OHI%OB("C!_'9,_ ?"80FE]F5<JL'?@J5&&!%K4S6NAD7PR:,R#5K]:(!
MZ0'A.$0."D":6>"7C+Q@[<6_NPM)#$8 $@>?#GU&5*%Z;Q2J$QZ 7U'AE%0?
MPLL\\2@F'=(F!ID<TH@S0W K5"!A*8V@85IELHI_OT"9E4"ZIR4, "!K1_M*
MEE^"=\XA(*U@6*:FHM2DSJTN*6!MK:)H9W@;BU\3Y!TF??7*I5E_>20EPC=G
ME&^>:K@^TD]'OL-9$!8(-EX;$40:# +U*G\-+E"-G1IGL(&SB K7DCHM9#!$
M#S\0LBXB("_*/R?2]Y3*/^.V,,.+_ZS>$"-4%T#T.=X!]]/1V5E2492OS:ZL
M+N48<"#M#TCI 2Q9(N/,(HN60-U%PE6-P4HCKNZ9&NX4(2\P^27] F+GL:-5
M2C#2:,Q^')^?%F+SW/8>X]Q-T)%4J4%Q.9X.UJ6 V:/G=KF?7?!SK$!0B']1
M)J^6R5JV;NZZEVZ_?0 <5NG*+!@J#K.$*E?Q';\C,>EQFQ<GD ZNI(#[^E'(
MY$Y[>RV2L*Z4A+Q=\NR_\#Y<\9<P8$"?2%?.0OH+BL"W-#6:##JC+J^QOIR#
M^CTYBK [V,KRIJ38H_]^*OV>49FA_KDC_?7A0?IP[.#01)+UH,+]], >D H$
M&B/0'10@ ;@V%'[;$Z>&(D50H0L*KDWIKU<%ZT/)U[W#@LTC PK# TQA?B9L
MY_#6JH9KH_P,D7ZF4/_LD;ZI4<$'Q_SAV-MOV%(." W5N HG#ACB>-;9U%"O
MT^MU!EUS"UVDDL2[JUPA/Z[[D"#A')!:(_I)^I=&$$!0Y'5WA8IZYU&@$<H!
MGS+8DD]H!'9J=*$/4P9 LHTKA;"L%QFF^/;;X8F<$9\!)9AM"(UXIEN"]&W*
M2.A+0)V=KBUAM]LKRHI-VNRR H.UK8VZX@&.$1FK6%_>L'FM]M/W3CPY]M =
M0:D1OCE1@5KZ?2R5GSG2WPB4 OF$OTD%),,?#NDC<4DK@XMGD.:'R  0782?
M!HY&!>DB [3A/GJ5CQ$;.;Q!M!'>^-W1J,!\E=_14-^#=T3D/?.4;L;DCB.I
MHJU=9!S(J#%6?&=[2UF14:?)JZJJ=#@<>"?D7@!4ER"A]Y!H1#^)1"/.)I>%
M1@BBTRG1" E]"#>! (7C<"@!SSO;++6%QCRS-J>JK+"SHY7%E= 8R'PB;\.^
M-FMKA_9X]<9EVG>>/WC_[4=N"\V.",H)]<D+&YZ/71[>9IROX6V(\-=%!6DC
M@"7X&U0!QH@@HVL89@ V5$0&Z:,"\B-NT=YVBV;4+?F1-^5%#<N*\CX1Y7<D
MRB_MMI#D.\*//W!W[:3/:O;M9@K-HJT#J0P9Y  %J,UJJRXOU:MSB@NU%DLC
M65U*I/$GMT"*% D2+@02C>@GD6C$V42B$><0B48,)H#=!0,,"EA? (-K+S!V
MWEY77VXRY!JUV965A6V=S2PNB48>(\F5HI,3FUJ<!>;6G=OS)WU^_-]/9S]Z
MW\G?C<A4W7(\_#?'5;\Y$3XL2Q60&Q&4'QFDB0Q21P1J<3PFT56!^:K 7)5O
M3L3-V:H;L\)^FQERT_$P_Y/WW''\SX]EO/J*>>%\Z[$C3'6YV-F&Y24+D2+O
M "MTM%O+RJO4:K7!H&VLJ^*8T]_#HQP"@/&4(.$"(=&(?A*)1IQ-+@N-D#HU
M)/0Q7(:W6PV>%00[F<X!68YQ=#35EIN-^5I=3GE%B:6U%;D$>.3(6FM49UC1
MWB&VU(EYF;5K8\S?+S!%3S5]\';^L_]W\LDQJ0_?L__>T7ONBMAU1QC(SMM&
M[A@]8L_MX8?N'9WRX-T93XS-?>%I\\?_,\V<4OK#U\T;UXEFH]C1+EH[<5(J
M'7B-PXV!Z3 =3<T-%56Z?(W9;*JKKW$P5CR(XX<@R@CPW_U&)$BX($@THI]$
MHA%G$XE&G$,D&C&80&TP!=DG2X41 XX/3>!8QM;44F,PJG7:O&*SN;&JUF&U
MX^*D6)+A:B]HY'&.%<FB (<H-E@9D]&:G6$Y>J@QXV!]QH':M .U!W;4'MQ5
MF[*O(>-04\:AEHSDCIP\IK12M+01T@!GX_Q37L"/R]/,+_",C6VOJ2TK*= 6
M:'(*M#F6^EJGHQ.)#'T[,+IX61IYURU(D'#A&*PT HI:B4;01.D*%76@$=42
MC4"0;.-*H=,TXHS(##21:,1@!F0VRB&P%<#EP(B\@[<WM=45EQF,QGS@$T5%
MYJ;FAG9KNXVQ.['7@2<C%W@ZV8K:= P"FRQ@ZQ:2I2%(G'B$4[/H7E?N  VO
MQC =ULXF2V-E>;%>;\C6&7-**DW-[75VKAWC0H/MN@:<($'"Q4-JC>@GN6PT
M0FJ-("#9QI5"4FN$A$L#7/Y$P$50\)F!D(H_4 #XY0318;.W-C96E985& QJ
MC3:GH$!?557:W%37T=[B8*R<B&T)A"/0$[M PZ*Y@&[Q*/AD<1$L@74ZK-;V
MUJ:&VIK*LL("@UJ=K=7GE9<5-3<TV.R='*$IY+LU\"*0]P)P>B-!PL5"HA']
M)!*-.)M<%AHA#;&4< D =MV!7YM#&D">&\V!0 U8%M<C17>&X^U.>[NUI;&A
MO+1$KRW4J@OT&I-16V#6EY<4UE95M+0VMW18VJQM5GNGTVEG& ?',BSC -UF
M[>CH:&OK:*EKK:ZH+RTL,YD+=&:#KL"@-VFU)KVALK+2 L<=-B==2PJ$M&4
MBR$J"N8G&C?4)$BX6$@THI]$HA%G$XE&G$,D&C&H 7R!K &)?1#$;H-TZ^.
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M!.W! *<1D"P.I0*2"'2P@DXEIE77(9E#B5R!55(*Y2$  P.?J"O CMH]\)"
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M#KS(L2)#7A6:R2@M8#F1$40GO#/H1H_]5!X\^Y'N@."I2+AB(=&(?I)!0"-
MP 0ZE!XV#Z6#K*14X>E1^]Q3XLF#=7]ZXICL-_K7/Q$/96ANOJG"4]89MZIS
M\\8ZN5Q0#F'D'I5>"L>>W9:EWS5>\(.X+#3B@K^I 9'$K@VES.F!XT5XI:S=
M\QK-<!]QZ]:VA=_DWSI2G/,-NVM;A9^/$]?LPL$E5L60BE_]QKK\&W[3UJK
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M-$+"I05D+A1X3X!1L*1;@S +?('@#8(?*N>"*XS3 F?2@&"ORX>$*Q>#E49
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M.(Y#DT9 #[D!ULY-(P"@NPX,#-#H=4?W>()"O?4+X,U@< P$(]CL L<(/#
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ME<G)R6!(P/.&#1N2DI+@:'U]/1CC'W[XH:*BXMBQ8SUH!% 3"*>CHV/Y\N7
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M&D6ADK?G,984MF6_LWZ+LW8#TYC"U%15Y!;4Y.@:\DU-^B)+<07;W$Z6IZ#
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MK18+&!N\(D2=1+3;]?L> [I3@]PVJ<^XT@ +5O@I_^B#)JBT><J<'EBS!*N
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M>"QMV5K1SHD.MKFZVJ#.KZNK9GF<&XI6&^\:2Q<JYP7XP1.HUG5.UR\!*:/
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MQ[I3[W';<X63#7UCC3W24[DAC[_^I?.*B#<WMA77JAK[^ZH:,C=_M='AT=R
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M0PL&.FL;-CNL""/OV)SH_0<54H:/CF+HQ/$-=O0-<O+=9KM<GEU&XCUS"[=
MILXUE3+?.G/HXZ\'L%8*G'QXSO-%N<X^@<YK UW60JRPVL815M=LMWXH[N,
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MJ#@+*NI._?&[QJ+M5?E_,^FK]&W')E/<)J+N&HNW'K_X+*6]8NH-'T_GZ,A
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M3498:8$JCB\T'5NH/[9@(M)R+-YJ+-)2&V5!1=RA._83;=0=RGB&,9ZA/KI
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MGQ0X"0B<N:2D9'P<[!_5U]\CEE2/C0_1A3:QAS,""3A5DD]MF#=B,*I-E,I
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M6@.E,6"?.Z6>TFM)QPW2$QWL$.F53N(,MD2OT?5V](AK16#I,S,S:<-_JP0
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MHM?I9/6R[NX.^E&$)*0S>R;P@Q<S1MPRA0?+C!'?J9@R9&G&B*N5?FSF#49
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M<>>.^/M"4\^T#HYC_8/&B#-"&<'<$%H@"X@-C0[D69D.8O1F8@I_:,7_LX[
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MGY__\Z9-FQH;&[.SLY]YYIG$1!P'H=5J0T-#+U^^G)Z>?OSX\9J:&J -R#6
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M_)<ZX>>4KA=NF[@?O>:3/!L7( "K,P','K*+7J4%\@Z6Y/!O7A!R(#F2]$C
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M&Q\?#P@(>..--W;OWOW11Q^-CN)L*K!=*I&L6K,V/!:_Z?-S,S_ZX-V.CN;
M@(!//]JXZ<L=V[?Z)R0DO?_!6^]_^&Y[>\>.'5MWAP6]^-PS;[SY1GY1P?8M
MVX25M2D):;MW[SMR+/SSC9L_^6S#ZR^_&A$1%;1KUVOO_CV0&Z!5JY$]@21P
MX CF>%-6N>#^9_CVJT,<UX0XKPERQJH(6(8Y^L";'G1S5:WP\@8Y^GQA_W#^
MT60XY\A0G[RV6JW3X+!2,T;,(X&L^"<P@K8'M%VG>0*-@=.Z8/LUH2[K_-U\
MJHZ?I 8U$PV]AY][_W/[1XX\\T'Q]J-''WG9WWWMOI<^-'5/Y 8?WVCS\,W8
MGML.(^B4X;JNY1*G*W"/ M8:@>-:KL/JN/>V#S=V5.04:\7M_@\\%>CB Q_B
M ?8K@[V>:,NJ[*JM4[8,1+VY92MK!?!XR(U(XK;#"%!XM( [@08@O(NU=@_+
M=X^#[U<LU%#[-7S.8S6'3V4+CO.\GX $_,)I1?ZV_54)F15I.17QE^*?_]3?
M;@4<#S^<?<[OU'F'$7A%T]! ETQ:JU:"Y:/:],8_IN3>N2W"BI]F$0R@<".,
M0,W 1@U!(A-K+[!I@[B+2+7TB[W_8$;QT"1> V\.[XXVY/!A^LDGG^S=NQ>6
M[[WW7E-3$T8&ON4-AOW[]V_>O'E@8&#;MFT%!07T\3,"JZ=.G?+S\Z-MTHS0
M)Z>7)TZ<@ ,:&QM;6EH@D)^?/S(R<H#(S#&T]/?W T;\$^T:WTAN;G9'1QN<
M<V"@3RH5$XP@]SV/Q-C=W5HGE1FTP'4F76=;]6O/5[M;2SB.$K8C]H28JHV8
MBPZSE<8(,<=.YH$8(<'>$C:E[HM%G[Y)#?>B(<5!O7H33M>"<N'"A7???3<Y
M.;FNK@Z?@.ELNI1YZ9-//_EB\\:__?VO!=F9L*VBM*2HL+ P/__S3SXUZG3%
MV7E%67FJR4E%H_S\N=,5EXLN%Q<8**-4+JLNK=)K]&?/G,O+R8,+=O;VI*6G
MM;;!DVN\F)U95EZFU^@,P)V E$ 1>HQ)?6X%][YG>/9KX*LR&#M&0"'F&^3D
M&^KP6)#C8SR7J8&@UU><(-1I[>=V#^4<0XP8[N^I$]6JIP=\PHV9,6)^"'GO
MYKQY_RA&@.F"S^X]]AB&AR.$Y0,DL<WVT>.O?Z%6] I3+X[6=Q]\X</-CBN#
MW=?S[%=MM\9ORG?=E^L4/87[X[YP724@C\OUE;8'$+A=, )B"&8RP'6J-D+@
MY!/FNGZ'W8J]:U^;D'8D?7WT,'<W)>\+?. / 2X^P0YK_%DKBH,B)TL;CG_J
MIVD?B7ME(\]A-=;QW"AQ,&5N*XR J-(  1'F$3?[0 \[63Y!K#7PR 4ZK:DZ
MF IG[[PB";S_J8T.RW.W[=?4=,F.G(A^>WO=J0*=N"_R\7?\[)&Q9I_V.Y5^
M;.8/1F [ V4:Z.N02VMU&JR4;M+HUL=>NF-[%'  (QB[3%X%#5<I/\."3YQA
M$XP@'3-3&,& $='KCE^4:;!:&9T$33=/T(T+<7%QJU>O+B\OAV]6%<Y;C0+A
M3S_]].S9L_#Q&A45!5O@2##_M"-+L/KM[>T??/ ![*7G[CIX\&!75]<77WRA
M4"A@KT:C.7GR)!SPSCOO'#]^G.[ #R0!8 %H\M9;;X$QHR]$)S70###$/X,1
M,XT:.3E9;6TX><?P\*!8+-1HX(XP;<G5YH68*&-77T>]3*Y7XX24AH%NR=NO
M"YVMI6Q'$<=1RK$G#'%CC*CU HRPI3%"[N%0[VY3Z;ZD_-4_:9H;T $J6NVI
MO(:\ ]J;F,"YV$!@(PC=Z156QX8&&QJ:.GMZT(,3J17#)@[U1/] O\& ,00Q
M41#Z)@T)$M"!Z=#L*A]T/85"7T)G-.K@<F2+Z&S.)M=502S?W0Z/[[9_8K?]
MDSM9CP<[/A;LN([O A]7/O!BSGE5KU8H&4*<?#^W?RCW.&+$4$]GDU0\-5(#
M$A=O?1YE][].?OB-&D 28+?0$@!&P*<V,9G^CJMVKGQ)5]][*?38R0TA8XW]
M!Y__8)O=<C@AU\GG@,]K1Y__L.#K.*6H/?;-31L<EP>YKIMSVJN5M@<0N%TP
M@HXP+"&)X/A01U\>:[6?^UI1XJ7.W.IWEJZ.V[Z'$G8'W/>4O^-JKL/JQ)>_
M--8-Q+WG%_J'-[0MPREO; NT6P'F]H;O&UZ(+.$JMPM& ![1#$JOXF<' )/;
MNDV.*Z)>^T+9T-,G;VTMJN4]^,R7K$>///[W0SZO;W-<^;GM0X)U+YO:)J+>
M#]CLO#+ Z:9:6.<A1O3VM,JDM7H=%KERM79-Q+D[=L0@1H0 1EP%#7,US8*7
MP>2G,@$C@@ FTLC(SV1&2"IS>^0+<=G==$D_+6!=Z$O+Y?(77WRQN;F9W@Y;
MP.HT-#0\^^RSK[SRBD @>/OMMS,R,N" ;=NVC8V-'3ITZ*NOO@)TX//Y8+RS
MLK(V;MP(5 $DL6O7KMK:V@\__+"XN/CCCS\.#P\/#0UM:VO;LF7+:2)P-OAA
M4E)27U\??77ZBG#:@H*"[X<1$ ?X(8T1$,C.SFQ!#U1PSA&AL$:M5L)%B,X7
M 4O7/=3=()?K)E60\=3X4,/G'XH<;0A&.& % ]N&=*B<BPZS%3!"Z&4K]H2#
M[>&'@!%U[G:U'C:%CZ\<JRA#C##B/P.9W4([[?(!PB!T1D]CQ%3*P!_XFM?2
M_B8IM=ZD!X+0P1J<2H^S;>$I84V+07AXX#]V>:$,&B/=*4%'&;4ZDT:OUV!?
M"/18@3 !5X._\*CATV:B:J/2-ML]&.K@L]-^W6[68[OM'P]S6!^"):>/P'D5
MWV45O)AS7M4Y"J793@>T09O<5Y?&GX*S]G>VMRBDP$ $(NA;FD?9_:^3'SY&
MP-, 'Y1@[< J@()Y\'->O=%SK3CQ4EM!S<;['L_^.'2RH?_P"Q\"6\#>K4ZK
MFL//J21=U+CIRO[XS>YK MU\X0QS3GNUTO8  K<+1L Q=%7-C.YP7)7MMW]"
MWK7GF;??NN?>E$U[3-*>S;]^##'B@3^,E->71&:\[?9(\.]?-W2.'WOY\TVL
M1W<XKX%$FW/F.8HI0Y:W"T: 0FSI".]FK0URQCH;GJOO#H=500\_.UA>EQ>>
M<B7E0F>1*.B!/P9 XKCY!MFN@B,!M@0KGS>UCL9M#MOH>!O71G1WM4AEM48]
M7ETTJ5UQ],P=_K%D^N]TTF5R#C?,T30F+P/0P2((,6+:G64J(SC98FOXWQ-S
MQJ H)YTBZ,]3N 3M$JJDI.0O?_G+GCU[,!JD6P.8A[2TM/?>>X_VFGSBQ(D/
M/O@@-34U,C)2H5"\^NJK(I&HHJ+B\\\_A[VG3ITZ<.# ^/@X').=G?W::Z_%
MQL8>.7)DZ]:MFS=O!H90J]7T0$$X>._>O7%QV!(/ M>B!<+PH7SY\N7OC1$S
M'C#A#%E9EYJ;<6#"Q,1834V52H7^L(G.%P%KW3/<(Y=)-.,3E,E Z97-?EN$
M#K92MH/(DT5C!!F:,1<=9BMIU+ C&&&G<'>0>;"D;/M:MFWAH_>-Y.2 T88,
MUL-C100N"GD*RZD4GQ$:*2!Q$# Q9O#78,0I7[4&@YJB$,%P$U$Z@#\ *-$;
MC!H3 (1N#-U4:%0FM<JD50%&J"FMP03X82#G@TN0D]/GGS 6\PYOLWLD!$#?
M<76(X^J=#FM"'5<'.ZT)<T0-N8GJ9X(1:X,<UOC?]WOQ:>P<VMO>VEHOU^L1
M(\C-@,ZC[/[7R7\'1KBL]7=#2X!FC+5VJ^OJT]MVC\LZ=S[]QMN+?GWV(\%X
M0]^>9][Z;,F#?+=U/&>?L-_\D;OZA8O!1]2-PUD?!&^S?13[X5]UYCE*VP,(
MW"X8 0P!A\U$.Y"UZNL_O&7H'*T^E2=X\?V@/[][,3Q5TSFR]YV-@M\]6Q5Y
M4M,[?NBS@, _OQNY(TPS-)$1=G37TV]QESY)U_]?1_$2TU;Y=L$(4#K">^R1
M/N$>>6Z^.YQ6UT5>["V2!JQ^OC;J;&>A*.373P?;KPYS\@6&V&7OLY6UXK3@
MH*ZN_]@3;W%M5NQTNOTP BX)_WNZ6R62FFF,T"P_<NH._SA&T$D<@O$M8OA.
M3;.\%D9L"W^+Q@@LSO'NZ*J(@P</;MVZ]>C1HV!]WW[[[9X>,N$D10$'K%BQ
M8L89$1Q#^[0&2P]L\<(++P!_2*52@(/!P4&Z]T-45!0<]O777S_WW'.T+X%W
MWGEG9&0$MC___/,"@>#\^?,-#0WIZ>G[]^^G.0:B,9/.0"'?&R-HH7U.P!ER
M<K)HC)B<')^W&#$P/BB1UD[@U%R8(XU[=U4 1G@ZUG!L11P;.=M>YC&7&ZY6
M,7J5L%-XV#6XL0 C:KWL1%ZV>9[._;$QE%&GA?^S;GLFJ><*F'D391@:&:P4
M]UVN&1#54*IA^*G1J :H0)]1>KVJI:6OO$0SV(MU#SBEFT8'CY)&)?QZ?\2C
M#ZEV"1JV?'GH]W]LR[L"I],851JXNA$K,S1DT,A,ZJN[E5__Z;.MKK[^KJNY
M[JOX;H^&.C\2XOQHB/.:G:QUNUE/A-H_07I+K UQ]@TEO<ZO[@&&@]=8/CR[
M54$KGV^O$$'\NYL;VQKJC ;TB0(W \\6N=H/7_XK, (^E\$,3&&$S>J]#[^@
MKQ_NJ6HZQSM^*3A*?N:RKF^R-.'\F??Y?DZK@YS0-^H.US4?N"T?+9)51%W8
MYK""[DIS?:7M 01N%XP H@*%.*,9<USK[[#JZ+/O7SZ6<?E@VI5#)W(/I]87
MU5)]RK+8L['/;TC_<E?AT=3R QDE^]-KTG/U8YJZ<R4E?N%''WR1[W"#JGM,
MF6FK?+M@!#Q:D"808="=I!YK$VOYB8\%!MG \1<_^9CUD"+N4D>Q..C73\,#
M$^CL$^*R[DO;AU/>\Z>:APK\#X>R?+YR7!=L!]\W<\\\1^<?1N#_WIXVB10P
M LM!J4J[ZOB9A7XQ#'XZZ1LQ!QJN5FS40(R@&S7X:9:T5^R05(MM$2_&99%&
M#;@QO!)=H0URZ-"AUU]_/2 @ /A@: @GG(2-75U=]*Q:$+YRY<J[[[[;W=W-
MX_$^^N@C?W__#1LVG#ES!HY_XXTW "  (T)#0U]ZZ:577WVUK*R,R^5>N' !
M<&'OWKW[]NV#,P-MP"7"P\,C(B)>>>45.%ZM5M-?R7!^N"+(V-A886'A/X,1
M=&T$2'9V5E-3 YQS?'RTMK9Z7C9J4!/:2>#%X7[@-LSKUN-'2MR=Q9Z.M5XV
M0L^;Q0CBELI>X6$#& &!:F_;6D_K4B_GAK??,H[VZRF='K/[1F(R#=4KBC9M
MCG]H1?8SSZ?XK&Q-C*2,@ H3  J43FT8:,W^_.VCJQ\>$%<#?VHI4-)RH#&V
MG3U7'KQ]C/M%X8,/YK_QKFY@S*C7:-%S&F:MP6@"'H;GC%AU>.Y,D[VC6U>_
M\*G3\BWL-=M<5W*=5H:R5N["TMLWU/&)8(<G@QR?"'+TA6*?5B )*,SGO+E0
MDL"7&-=A]=ZG_S[9T0N/<HM<VMO>"I",U\ ;FD=Y_2^5_PJ,@,/ &, 2,CZ$
MY1.Z[*F(E[Z(_MO6I/=XA]_:7A![2M4S=F;G\://?KC=<UV YV-;[9=O82W_
M@K-F\DI=35+61I<5/\C:"(@D&'4ZSO ^0,#/><UFZX?][WG(S_J1O_]R:=S6
MW91T8+L'CM'PLUV^P_KAP,6/;/J_^W8_]KJI:SSCI8V"_WE@E^T:^!:??=JK
M]7;$"(@JI G="H:Y:;_JT/HW-/*^RP>3M_SF2=[#SXH2+[:724-\7O9S7[O5
MW><+Q^6'7_A0T]!7>CB%RW[L*QN?78[K0F[+V@C\/]#7(974Z+78KZU1HUL7
M<_&.'=$X*1?61OQ#72SAX'3BAXITL=P1]7CX13E8 /SXQ$:-F1N\?/DRP$%F
M9F9+"W9+A.UT1850* 1B (   H /?=A25U=74U,C$HD^_/!#E4HED\FJJZO!
M_'=V=@(]U-?7PT_@MP <$HD$, 7XH[*R$GXX/#P,-IYF%-BH4.! 1UKH*\)R
M9&3DGV$(D)F? T;0M1$C(T/SM8NER6#2 R_V=[>3=@)J\$3:Y?N\:SD.8D];
M$0<GY2(=+:_BAEE*O&([X-Q='.LZ=SR^!A!DJ76-EU/NP[_3M]13)JT!+>N-
MQ*2;$)7D/+[NRF-KC9$'RGR6EWS\MJFGL6CKQNQWWVG^>O=X15;DJF6-@NV4
M<I)2:PW#8X;^06I<2TWH3>/]E*X]ZZ,7LQ]>J<TNIK0Z(YS-H-:;#)3.B)[-
M$%:!* !?]91>IY7)6L[EU!]+RWCCB^W>Z[@>CW%M??RL5_-=GN YK MU?BS8
M80H@0IRG8&+.:PN*-L7!QX^UXM K'U,:O5&C4@BK"9#!9=#]*F8U-A'^\.6_
M B,@OW>SL(LE!+@NZ/&4:[,BT&[Y1J<5;SO^+F-SF+YS_-"S[[Z_Z+ZX#P,G
M*YLC/@[<^=+'Y5&G],W#)S_B;7*^*8^-MQU&@$*<:=]3$(;([W+T_=IAW4Y[
MK*SSLUL>]W>_MJ0BGO<3@2Y@^W$X-=P7SW'-U^M>:SE?%OOX^[MMUP0YK+GA
M&&M,F>F,N"TP NLA"$- G&$5HKV=M2+I[SN:"\3R"Q72<^7RLZ5C]?W*WG%9
M=N7Y]WF?6#]XZ.5/=,T#.4<2O_3TP180UFJNLX_@1LT]H/1C,]\P @=\2FJT
M:O0VW:HW_B$YY\YM$9:"?WC I\7,@$_@#UZ*I5_L;P^>N#R"LX;2#0JP!(';
M5*O5,_WOL,?<K+8&G4XW,#! =^^GM] !0 ?X+;TZ$Z!EYK 9N7H+"/TK.@+T
M%KC0/^DW8J9[Q,Q(C7D\X!/$I*@3=W8U@=V%F!DJ2TM]'ZGPL!-[VH@\EZ#K
M:PYK#C?,48(1C@0XK"6D/Z:,;2OV7ES+MBU>YC66DD*I)DRFV<T:UQ)-7U;2
MI8>6MG_^?G_\_I,/>8X<VU>V^8O<]>NJ5OL4_^ZWG1_^]<*CWNW']PZ6E#9]
MO;_H,=\K/@_* S8VAVS/>/+AQ@U_/;WJ?NG>?91:9S+ \Z,'9$!Z@4<8$EZC
M!Y31XOPM&FIT\/)?7RY=M7)PP^:^])/#.<4-X6E'7MNP9_WK6]U6^=L\N-OF
MX0/V*W9"B>>Z'LIP>CGGM06%8C;,:=TVAQ4QGP1 ['7J27EM]?C((-RI@3+B
MS'+8&V.^9?>_1'[@& %E-%H"L%X$(^#X0%<TA*$LGSW.ZZ&@]W?UB7KL[:P=
M!W<_]&=_IS6''GLSFW>LY63)8)ZT,N),W%\W^K/7!;NM_T$.^ 0S"4N(,XT1
M$.<P>Y]@%CIA%#@CA@<XK-K!6@$I%N"$N!#J@)X9@US7[7!:O<5Q11"L.JX)
M<//E.__0,(+.2E!((H"G(##M;FNWN*S:Z+3\,Z='/W9;\8G'*F'\^<8KM5_\
M]HG/[1^.__,G6GGWJ?V1?[_?YP.WY1N<5VQW]X%$"W%9%W2CR]'7FF<800T-
M]T@E-6HECKKL,%%_.7WECBU'K7A)C*"DJXCA*OVV^REL"@G*8 K2+;EI"P(3
MG'?&G>[L,T[?&IAPTJHPU8H, </T\#\(TP%8SK1]F&9US*1WT8?-!& C_,7S
MP&%8D$_5:M#7@1WTSV W!C \]9>6SL[.[)SO.<EG+AFF,8,1Z'ZJJP/.2;N?
MTNG H.%]TQ>:%P)Q,5*M;0V-K7*-7HTITMU1\=)391XV8B]KQ @/EHSM,!L:
MODOM%>Z.<K:]T,NZVMM&RK9K=+,5>_Y*[&U;XN%:]M:'U,2DT4C?^W5%.R8.
M^OR"EYOR_7?/K5]>_L5[/5\'E_WI]QWOOE>R^M'6CU\O?G#966]6_I,/I7DO
M*URQ:GS31PT^]PM7/)#UT+W-'[PF>>4/67]89^AJ!0HUF@PZG19R'&M8])#W
ME %=O!MTP! Z]="%K/R'?RUDVY:ZVV?^QKWXZ75-V[:,1,0:SF:5'8K.W!ST
M]<IG-CL_S&6M"F)!N4<*MVN]Q8X^.US67#Z [LY&A_KK)$+5Q"C<*8T1R!!F
MC)@7 KGP3]=&@-+V )9@,D$A $818&*W@V^8[6I_F^5\UFHP<O 1N<WZX5#/
M)W;_YAD_US5;[9<'@^&T6[W'Y3':Z%Y':7L @=L%(^BV/?I(".RUPV0)=//=
MX>H3Z+:6[^03QD+B#G;V19<2SCCDE>?J"]MW.:T+M<,I;2 E=[C^ $=J0%2Y
MKD@/D"R@D*T\,JX5T H8=(?[6C_.>N&QD\U9%<'W_V';DH>J#Y[2]DXJ<FO$
MY\KDYRL5YRHN;SL,/P^^4:\14/JQF2\8 5?#_#"-C/3+);6J<:R''Z"H#[)K
M[]IRA,F-9V %0RI.LC4-#=AX,:V$(5(8P<FT,VR+H$1+?C).PR%(L^"F6O%/
M6G&3?\X]$MO4#L4[6!7X5L1J!^R1CY^K9&P@;J$!@)A]L/=X /PUF0RXAB"
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M5RE^OCW" N?42 & P"Z3P<F,D"0 !0@O#,Q8$)@&K, (282-.$4X'S BQ4(
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M5?'Q,F@[6NKJ&^6D$4!KZ&HN?NJ)"D]7*0"!E[7$\\:U$6B/V782MCT$Y!Y
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M64(Z3X2D,F O72F"-1.''SZ<7#TVJ:6H_I$AA:RFM[N-?NA^8!A!C*=Q?'1
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MWGGF\>S^V+7E&4F4@R12E#RKY!E[_(SML5:2PZYE18JDQ$R"%',0$T  C6Z
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M%3E\7[.RI!]H$?85EA41GF.RDD%]/??U[Z[_YG<?_V_?6??-O^LIJXZ$0N&
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M^U$$#$(?''P)*&5Z<=$U-C;"":Z4# S8%9H-^ 5%NR09,;PQL4"5H/%DHOM
MB)QF<6[VLBY9GVRA@F0O97&N2P;"]W(#BJ6BV= OBL2W^;\9\$7C>%M;"PN2
MFHWH:1\!D-Y9%JH9.M'3:E**S<]/#@]U.\='$M$HNJS$JR5Z8^ICS;9O["GY
MWYYY_<KGWOI4[N$U6Z#OS["!M7E'K\XY_JG-!5?E%-*'N8DK%-"FVKRO-IC!
M%7GT.?*K^+O>PO"""5Y=07M)T><ZKZ1]KNB[Y+Q@ M'29IK\+ /\8_\56P^L
MS3FX=M/A_Y1[[/N'3NWI'W'RJZK)M.X+N,;M/5.C@Q[/G$I[-BZU(0;)>ZG(
M%@!!($0'%);,4)UQ(?')"4_$,SD_8;,/] P[;$Z7RQL,1)()F5X0%6O/T7>3
MIA(UU9@9]9O."=W6&V^M#U06NH[M<^[?,_O>[H7#^_U%!?Z*LFAK@S$V9(86
M32EBJ@G>5Q-]G:I)2VK14-3G\4Q,CO3:.P<GNB>](^[(G&3$J0KYYHM' )$W
M@E6;OR,^+AH!H.X,24H)&S>UL\VRH17UC@K'C2=NS$6KI/^,[;< );G48F#G
M=*E%91W/!;6W94&RQW-!C9,SE349<BY"77!>D1T<95D&_1 .*PWG*&,X"20D
MIBPH )R0M@CZFY MRW(AP/%<@2R_F@V5Q?+@YP(7D)WEDLD8CNBWD0QYUW5-
M45!<<CC7P$O&<*)",F@Y2"[C!!LLOPE42$HN@^5V@:P+>R2[L#!I?%_/YP(7
M5@CGXIJ-")1*X8:?+!SQQP,J49KF$57\8G37M7@H,FUW3-ILGKEY54:7I['<
M9YKML>2+_6/_X]7#?_#LFU=N.K0FY_B:O*(U6PJNV'+TBBT'K\P]<M7F_*LV
M%UR=6TPO9>2 .A304PE^3>.JW*(KZ9L7QZ[:<O@J6CAY="V]K@G2($P^F 29
M[%1$+D]1/'^<=[P^N&;SV_]AXUO7;-CUBV,MAR86G1HMX)!-,Q"/3CDG;+8N
MU^Q8/!J@JN-_ZHL?FT0O"9"<EEFRAEU(89. #2T9CP<7/7.CXX[!H5Z[8W!B
M:GC.->4-+,028=QTT5T2^>>;HTPSQNT >C ;0^'G8TNG9$"X-5F6(N'8HLLS
M.SD[/C8Z.-0'MC(S.^$/N24E9E#%XNYA*2#=F7Y =2[/N84+PL=((WX34-$8
M4#.Z4;0F,IGZ_RWK>L4XCF$.315.]&2$01J XZ/9<#K!*1FZQ%>S:E*<"OL*
MB#"(<7E6SW@]?Z#?'H@'L0O)<!:7IYCQ<&%IG5LN0M;.L8C9%-B$K,01#NS(
M)@L.F(WP+&2\9O(ILGK&GPCYH0#Q0C)(@"/$639%@DCH@M-"F029HU;!X-!4
M%'%UJ5@P[)X%RP&ALJ<<2=:Z#$OAL_D\2S+ .2'>!P@G@JZ,X",&TA8<@F\/
M,WG1)=4_-S<Y.# ]/!1PSVI2R#0DN(/UC*C:;H?SG_:67OOBL3]X^IU//?7.
M[^<<OHH^;'&8GFCD'5N3<W1M[O&K\PK6;CYQ);&*HK4Y8!7Y:_.*KMZ6?]76
M(U?2PPOQJB?O^L!+(J[82A_36KL%Y(->Q[@B[_"5N0>OW/CNU<_L_N/<O7_U
MZ^._+&ZL=4?]HKT:II*(NQ><-EO?^*@M&O9KI*ZX8O@.%FW*PD4#$H:AAZTT
MAPS%+VM:7*%=&Q:<4V,3P[9QNVW,81\:'!IQ#$]-3L[/SWD\[D# 'PH%H[%P
M(A%-I>+Q5"R:#$?B@5#$X_.Y%ES3<[,3$V/V85N_PSXX[!@:'K&/3XZX%F<B
ML8"F22"P7'T\(E,.4)OH7LN4RODA^M$'>+"P$JN;1BP?69?5+(]+9XX79FBP
MR%J8*] P1P,]QR,LP@#D!XV.U0:-_DN." YWMJPTE#U5I$A4   S"DE$0531
M1+,97NGC0P*B0N0K) .S=/$"C2B@*-T*=QSI$IW1:<8(B64$B+#Z&7=> ,(R
MI"#X7V[H'UD5DCFO<#Y$(.;WE\SRXP<;%%!(1N>&@6(B5+;LXE38A:"R$A 6
MNISQD!'+>24#DY',A]!LSB[MQP=DF0JQE'\^P %CNJ9$(Z[I<?MP_]BH(SH?
MT*,TJX2BI_AC'*V^R/,M/3\ZT?B9+?L^]:LWK]JT;\WS[ZUYX<":YP^LI:]N
M'KUBR[&U>3S'(%93TFNBQ\EL/7[%M@)ZZB$VG]A:0/,6Q#F._UYNP>_E'OW4
MI@._M_[=__3TVW^YL_BADM9#?>-.F>YPJ>),(QX+NV=G1@?[1H8&_>Y%5>9M
M(7"%*+1&+P2B&E>!8"]IH),P(%9-IS66LD$\DM_@4-)2.!7V!WW^A07/S(QS
M?'S"/CHZ-.H8&$&E#/2.]/4.]_8,=W</]?<.VOKL]OZQD<'I,<?\Q(A[=M*[
M,!OPNZ(Q7U*-J&+;*ZH^9O&HNJ5VN-*<!W"E2E\R%BX4JYA&<$UF:ES\9.LW
MX[ID^6 C5-L*2];.IVE-S0P<9'"5=N5;.J5EDNS"=R5G8L"EI1@NT'QXR(J!
M@)^L9,ZX+B7Z0484>:F\*%&&)[ C_C4UK9V1 QE:F*&10"@L"^%<.2R7[06:
M#P^([(,D(RX(RP<;E)%E0K.L*#B55 Q/+!RT"E59YL(F<WK&#XM+V#G.BY ,
MS"4'Y)F)$7[%)#+UMS0MV,$U#.VQ>'1^SCD^-#QI'UEPNA*)E*0;&/ZA59*F
M.:Z9C>[@D?&%=66=7WNMX/_<^/;_OOG=JS>]O08F=]^:S>_1K@^Y1]9L/D(/
M06@/*V%.K-ER?,V6HVLV'UZS\=":YPY<O>'@?]AXY/_8?/B:3?O_>4]5;MMT
MR?3B0"@98<*6,K64(0<C/N?LV(BM=]0Q1 1"DJG:A,P%>>#[5UY0@Z)<BI6Q
M6I#M)=#O.H\X.DF5EA+SBB7NH21N73-455-D19*EE)1,2HED*I9(1=DDDV@L
M,+(L:[)"WT5#Y2R!:RMC-' (KC"1*-FR(\"9$,N!RRN,A0O%ZJ41J&L>BS(-
MC*I>M !Q(@9DX?(;#'LEQ2_"L*'!?<F> 6M3VHJ$VYVPHTF#8>"2B(1]\;TE
M1YB-@0V\G)7;+(2'#P^(+'L'NU(R?"[.,C\?8(1J/"-0.L4HS]TN$S$APQM(
M&ID>22+*R(==&!0'042VPH@,+XN4D?7PX0%)",F(@IU)0F2<<W?&\0/,4@-
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MB I9R4KF3*)+ERBCO]G@0-^A"01\/K\'PRM.=7J_E-X87%B8GYJ:\/N]=/-
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M"#4T.?%&-V\'@#!H"$0FT RX$N&B:$0L4)7<C*EQB/J%#>FG*!S.A"%'!!5
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M2=%QKV<>M=C<4./@A_VR%!OL[^KJ;!X8Z"P]F=_;@QMNQ)<V: IM.403N)2
M<9DF"Z$FI+AK?K*BHG!BP@8:45)\/!P".:!;38@E&'"7EN1'Z(&%FDI&&NNK
M[(,]IB$G$\&2HJ.1B#>=)@W:=;KU=&<K.H%!0\&ECG0\$:VOKQKH[THF(Z?;
M&]J::F0I;AOLJJXNH\O@#20<;:B_JZFAFCF$,>^<K"PO7G1-0QJ# Z<;ZLII
M.# UT(A3E:6+"Z"G& O$^+=:08,IACPQNG/V^4W'L6 @M_#PDP??S7GOW>'9
M27CLG'!N*3TYDHKS^$O/DBO'QS?E%XV%PEI:/][9DEMT[/7JLEUEQ>TCP[A*
M?8.[",I/;8X2. \0&QH0C@P(BLC$<I.))0-AS[ID[?")=,B.( *PL9\SX"16
M.EKX72"DG[6AMK@%"5G333[UF:4^ !<2/VH*8RD]/"-E29X!_) /CBWC.^-(
MOXB,]3(LT+<4A&<0T*A@1_Q(A1P9""$,303 %=>($$#'T^,505T0&2+@#.&Z
M*NQ@ '3@:R+3G 7DD++*\?&L!16-8H$783@%T!08\D=9YIA%WC@97KU#+],+
M>D'S=1R* 0<*0@=T'/Y\$A(BUU6+RV$VPDBEXJTM#2W-=3VX16RN.7'B0$]/
M*_1?=569G;@"@/I-CPP/55:<5&BA@-+84&.W#Z!FZ8Z<JS 4\E24%_N\"SBE
M/G'I@X9:IA%<?&-XN*^JJCB5"E>4%3EG)[C4:-AZ?]_I^MI*#=HP%6MLJ.[K
M[<2=']RE5*2X^*C;/8NH=$VJKZL:&B1A8LCFZ"]M>#R+-;45G9TM/=T=E66%
MI\H+QT<&%N>G3YXL"(?]0CBZEJJMJ1@<Z(9]<=$)GCHS/<9S-@H(V:E3Q<D$
M[MA-^"\IS@\&/!P*PEG-\D'+I@TH,?S1&8_@7DV]Y]@[MY]XNWQNNK"_=]RS
M@!+N*"G[H]MO>G.@@_P9:;>9OOG 6]?=?W_]S#1N^Q[8O_N)(_O:IR:;)L;&
M WZ>1J;;01P!1"YG%<;9R/8LZF-G[.(T:S_KZKE8?C5K7V[A*QEDW2U<'" [
M5"5+-G,JG"!4Z@DX@R9ES4L&+6HI ,8=7BF)YL!6UK\<3IBEJ-@L_9+1Z Z'
MM+J8WB"O*J4@$1^A.0:T--&Z^ I<:#T$A8/6YCS0@2.B!)D,X(2?-<"?(AXB
MR*:BT)(+H@%DN$R(3395R@!%2$_R$!B)RI0*45<N&0[\5) CAC]R(&Y"&6/N
M@H0H84J/3U$<T3O8(Q<>-I89@K.G58W+@$:@EC19D1/@![*<F)X>*RPXDDB$
M#$.=<TY6G2H=&W7$8J$YYQ0XA)/OM'1-J:NMM@WU4X6FU40B,C386W6J;&S,
M3LV /@J'2K[D@5*$@CX0J5#0[_<OG*HLL0WU@M]/3@RCL--38[%8>'9F'.0)
M.E)54^5EA;4UY5ZO*^!?C(1]NBYUM#<U-]5&(D%(IJ*\)!(.0EXZ?5%SM;?[
MWP1ZU5-1J<'(<JJUI1Y&41*&+IWN;*FN*??[W?%X&.*JJZU,):/NQ;D3QP_U
M]+3[_9Y P)U(A"$N)JG]X7 (%+:YJ4Y5:.J4S2H&#V"@$9G9 F[F"XKT_5>V
MO-I:+UZ QKB6,,UG"XN_GO/LG?O?C')G:%IP_J\W7_SK'2\4.(9Q]:XC;[_>
MTD"!63_X=:UZ<G1G<U7#S%1,411#U6C(M? ) >J2E2VI/FHV^(?*YH]8T*?!
MZ6D&-&;F?IQ8&W0IW^S#0XHX!*P85*'NP0J@N5697I= &V0#!0U'@YX^J#RW
M1+?HE "2H44(U/Z@QHVT0JGADM#Q= =/7BA#T-F*;DIBWI2S3+J;,D.K?6BX
M F- Y!05Y0^NM/02^48,2!#NJLIS)K2O#AR1)=V4%28M8!(*4A3S99P<.(2$
M/"-#2!@^9/ )&/%M#WA8RI9"7SGF19_T*3XB#1G>@&Q0Q)QK9)"*PIE>K;@<
M: 0U6]%2<8Q& QC]57IO$Q6E>KT+K<T-)TL*CAS>GUDAR&^-CXV.+"ZX.*R!
MF^R^WBZ_STU-$#V IJ^XZ5WB, P]F8SU]W<W-M0V-=7:;'VRDD!_0(]US3N;
M&NL*\H\>/7+ 80>=TD,A;]?IMHZ.YO:VIK;61I /396D5&R@O[NIL0::TNM9
M@)QID3YUDDL=F3;#_=J8FAJ=F1GGGJVJJC0ZYJBI/77LV*'"@J,+KAGXGI^?
M[NQLZ>QH:6FN;VMMF)^?0;.)A .=':VU-:?Z>D]'(T$:/"C.U2T<:M8T>--]
M$@_Z,!BJC_=T_G#+QNWE9?9P$"QAP=#O.7PTM[GQAI>V-BXX02]>JRJ_L^#@
MO[[SSM[37?!P:_Y[/WC]Q?<J*_(;&Q9D:6]C[<T[M[U<4_[,WK>F7>A'U/9$
M@A8^ 4!=+M$(UGBPTK0],4@5 R8&"N>,,3%EC$Z:@3 M&^"5 U#B\,"#*90R
MO\YC&.0= 4B%XKI.+R[ ([T8I4EI-8E;.-V(# ]$9Z?3JNH>Z#0B0:%T:2.2
M=-+T>T-=+<&^3C,:08>3Z7$!IT%[Z*5,/2'/C/I[.B3[B!E/FEH<0< 9D*Z!
M89^28\_\Z(+8@QC/P ,TNHS<TO,/T2_ '$ *DK+A<IIQ/[S +[V4I,BFTVD&
MO9HAT82#0IV>Y,",B(J!<NI&<L&W,& W4C)]YQAT!4[T;E,:A ,G-(*2+%5Z
M<57627&M[F'C<E@;@=HADVGE5"=H8*A>H@NXCOM.GW=Q9'BHNJJ\K[=; R.F
MEH,KY!]^^#Z2 M%F1#3 ZMP%V.U2!E0&B\54%$FBU^AI(2JU<R;LJBI[O8L#
M ST0BVVPEUD7P)*A(P:+C#"3R:BFT:TV>C)%^DF@$0!I??%B)PTT5-\T3@@)
MI%*)6>=4=U=[376%F,%:D@R\D?0R0=)Z,A$3;0\-B=NA\+9Z@;Q2KQ#E(.)$
M]J2>;G7.WG]X_P^W;VV:&)DT]!^\]D;!D&/CH0,;*TL<BGS']N>+A^VW'3[R
M9GL[6,7/"_?]:._N(QWMI?V]\XJ\O>#8K2\^WQD*N-!UB*CK-*%KX1,!T5*8
M/= -/C\%H.D '%*T_A8D0*Y_X87!K7E#FW,JGGPR.3=JFG$CG>3'"72SK2 $
MN@5"(@Z^:Y?X205U*>HZ(AUNC_"@ZGU;\VS'C^I2LO"NN_3A8?BDI4JZ+ =<
MK9NV]*U_INVY9[O>?-M,2)P 3XC)BAF/]NY_K_;II_I?>+[ET:<[=FPWO+@W
MB!EZS%23I.=!-6@"@.?BD!BZ 3,91=7$F$CO>= 3#+(1IU!,:<)9_] CSA.'
M,"3 +V#B!NR.^V:.'5?36I)F+DQ3XL^R$"]")HEHH$CS#9V5S^;*/B_2H N0
M 3WHP_B X0;R, *NF9'JTG2*-B.@S) X5B\NBX<:,#R4B]5;PE"%+4V_<Q,V
M-4F*>[UN599)<1 [)D-7H!,4B6,@@@K+)X9&<,&SP"DHOLI2(CLYI;5X+.SW
M>315)H%I"DWXX4:#>CRU<)KDHUY%+VI3@P=I_R30"-0\.CT)@8YTH'8 @S8C
M=CN%)\-0XO&(U[/(=AIR6 Y+38R,:%HT3.HJOVU&<:YB<.Y0HR@,3TO3"(Q1
M#<"M%VXD=Y66/_7J3ELJ=?/;[[2,3K9/3?[;[E=>Z#M]STLOSB42#Q85;BD]
M"4)ZZ[']+S35(QX$EPPSIFBOEY?_9-?.6_;N&@]'N(&L;CE8N&"@(FELI3]!
M(] +: X K8<^<9:63"5Q\,'[)LL.*L&)MEW;2W.? XV@]R+#83,9A5JF%X'0
M?0PCB1OR;*0 QMHX[>2&JT8$RIY'XZ3L>.:IT4/[]%BH^J8;S?X!N&DJNJ3B
MJBNK_OFMQOB8ZEM(VD?2L23U6YI'2)IR;/C8B?S['DC:;'HXD').UFQ\:FC[
MEK02Y"U/4X8:32>"IB%!B4M$&]):)$JO<=!NJVC[R)!FQ,.FDC)QE6Y#2:D$
MVD[G_]W_K+WS1B.^0 .%84P>>+?F&W\S^O).%(I$H6EJ)(!0>EK6J0\Q^] B
M"XU-%8\])BU,X!3QXG:#!!*/FHFDJ<&N3G74U3[R2U,))M'_N .N9EP.LQ&H
M!!AJF*P1R!&:$KI26##"IPUH1U0P$05F#Z0 ^+Z)PJ$EL": (WH(1T7N'-$E
M#M!D%@4!I]036":"8-&F0W17S6(!>>);<_8EA$JD@385( )!(C(TA("(..I+
M'"AO5AI4W&5@=QA(B6XLV N5G.XYT$3H%Z#&0^,J!48#XU,*NKJEPR7#@0@1
M#>TT#1O7U,$%ETO7W::YK;KBD5VOM@?\__K**[:%!;>J_ML[N[^Y=?.O&^LQ
M1MYS[$C>J7+0B+N.',RKJXF8)NZV8J8YYO,Z37/(-/]IUXN[JRO1GB \D:"%
M2QVB,]!XB'8NMG*"':V')O,Q.*1,*7KBE^N\U46F&G$5'"U]Y&'3-35X\FC_
M2R_W;G_1U]4J1>8:WGU##GI-/1FR.9SUC?'1$=^I^L%]^QWEQ].>F<'C!SMV
M;G>\N4>;GC-3\L3Z7XT=>DM/^FM^]D.SOX\&<NI6R>1(5],--R;;6OGY >\-
MH: -RZH130<6FA]\8NIX/F^O2DLKPNU-=3^]07;/19UCSI.%';]^O6E[K@N9
M5!0SY!TO/]&R^_6N@_M5UTPZZIH]=7+RV*&FE[9TOK1#GYTU=(GVM] -7UU#
M[[T_:[OC^ZZF2E(17G_OXP_,W75[5^YZ$._8^%C[WKVU+[W0]\;NI&LJK8=\
MM37SQ07=>W;.516?^M7]ZOSX8FW92%59.A[T][2>WO-6]VMO^#L[3"G<]O+6
MYAM_ZB@^)"7"/$DAA+U*<3G,1M!(#F"P9WO&G'&GYU+0!] $-#4F-"N[9T%4
M@Z@QG&"%IH0%>N(21Z9L7%@!=B3WC 1(8CA FS!K( <APZQ/="8F7B0WD G!
MP"CR2QU+912BR!06IX)@,:C4:#-4<)JIR@81P3/^:8CEF1L8A,A<7K7@?)*A
M?U0DY3PD2UM.'%SWQLY[]K[YH]TO%8T/]86"OWCMU:'%!=PW[6AO_>M-ZWNB
M8;22;;55SQPY!!KQY)%#WWWNF3M>W7'S*UM?*B]\HZ)DW2LO/W1@[T]>W=$T
M/:4B;B)8(DD+ESRXO1"-T#-O,?!##5K= !J1,).1D_?>ZWSUE<")PO)U#TX<
M.F'.3LX7'_6VM;E>WM5T]SUJ?*[@P;N\A4?-=*AI\X;)76\LU)16_>L/)Y_?
M%ICH''MM:_?ZQST=]2/;<EO6/V>X/1,;'QL^M%M/^&MN_($YV,MC$\;DN#K9
MUW#3SXI_?DMJQ*%[W%6OO9GR!4%F#%-2)R?:;WL@/-!GIM%F)5J!,#G6<O,M
M\9%15V55P__[ ]>!_/FBXHI;;U &^^8.[QMX\!Y/=T=[[A;;CN?3"V,UM]PX
M^=03KO[6VOON<[[^AFDFTK3,4Q\O.#Z0\\#4J\_8<C>9<=G;U-:_[E;/RQMK
M-S]BZA&IJ]M54NIN;^OYY4.#>_>DI6#+CW]N6_> N[5VOK&L\>&[_;_>>7K=
MNG!O=VQRO'G=NH6*RHG\PHZ[[U6FQ^W[W^J]Z:<+C=5:*D9W-$+0JQ67!8VX
M %!3S%@M6+"P#*!(,57Q)Q/>9"*@X&:-EKQ'516D&]0AGDZ'>+X.(UW<,&(J
M[D?-N*;Y4TEO/.Z.QT)2*JFIKF#0-N<,R!)-X# +R\1NX1, 5"89W'"HO+<T
M3TG0W9:>5J-F(E*R[IZV1QX8?7O/0DV3F4J;<CC@:%H\LB^\?G/]CW]F1CQS
M^_?T;'A4F^@L_N7-NJUWH;ZV=-U=YKS35!-U=]U@5I?B=B8VWIO_P%V1[M[I
M30^/'7E;C\;J?_I#<ZB+7XHP])F)NL<?FCGXKN.U5ZINO\WS]AM5#]\C^YW\
M[D9:FYAK_<5]P8%.M&4D#X9C3#D:?W%#PCXX5U/6]?#=9BABRGKKAF>G7WMY
MX+%[W8_?)QT].I^7U_'H(\;85/7=MT>;3J&@]I=>FMSQ8IIN.%533SJ.O]?Q
M?&ZRO67@UILD1U_G]CS'[E>C5245O[HG'9DRPPN^AOK8FV^.W7Y#[_:M9BC>
M?=OMX5.%N&5=Z&BJ_L[W>O_EGPU[NVFF9O*/=?_D1\J!?8%W]K3<=F/(,;30
MWCQX[RUF8)'HV*KO+!:-L&#!PD>!-$]EB3%1MY98?I* *J6IJRR-X-<<P28,
MS3"2IA0O>O"!0$6Q*47%$DQ_:W/=XW>,EKRG'-C;?/,M9C!@3(PVKKMC9GM.
M\^;'S;C?555=]N@#Z7#0E)13M]^@E!<C5'3"5GS_NG!7OW/C$R,'WS$2R>J?
M_=0<Z!%/FB-E5<VWWV-&O6;4/;OGUV5_^:WIUW)-Q6?29O]I,Q*O?WJ#;>\>
MFAWA-0K^FM*V6V_2%Q:<U16=C]V;CD60X=8-&\??W-G_Q+V+VS>%VFH#;56Q
MWA9C<K;LWG6AYAI33]MWOC;ZXLO$CPS0B%3?OCT].U\WW;[>9Q^?>7UG]2_O
MC?9U!P=[3MS["]WE&'WGK;KUS[JK2CR;'^]_X7DSF.K^Y;WAEBK0"'=[6_N-
M-P_]Y"?^4Z5F6ITXL+_KEI]'J\L"G=7^MI-*P#?3V'3ZWEO-D(N6C=!\Z*J&
M12,L6+#P[PZ>@,@,ALOM%CX)0&62,73>(X(>:O#*&J86*5..[W_H@?&JD_1"
M!-/'T7?>/?W(G4ID;/&]784_^)$9"*2EQ$C>UO*__8?%LA+3D&9KJH_=?Z\1
MBYE*NF_KIM-;-B470Y/[#U8^\;3A= \]^ZO! WOU5/+H#3_6!_N)F.I&HJ&]
MY$<_]W4TI_SSKD,'*K_SCS6/W1?S3)JJ(AXFSK<WO7?G[9Z&QI0_%.SI+;[G
MKMF#[X'6N*MJ>NZ],^F<\+:UE-Y]=]S>87_G]<:''I#"\_%YVTA]J30W=VC=
MW<'V)A2KYZ77!W;L1'3T;FA:KWGME=:=KYF*ZBPO.O&_OMWQU 8S&O';>_?>
M=7-R8J3IX2?'#AZ6(_-MZV[I?&&[&4E6W'6GC_9323L;F^L??\1;<+3JMKO<
MI_M" P.5-]\0Z&F1HTY'?7[,YYUJ:"F[\Q<)YQAHE[KJ>XM%(RQ8L/!10 R&
M./)R$XM&?'*0J4N:;J*ME#(T@K9)P T\?E+5;^V9Z^LR=567-7B,C@Y5O?!D
MY<8G1_;L:MWYDIF,FZ;AJZNJ^<$-VM2,F59<(WVU[^Y*QQ-I+:TX1VM?V5'Q
M[+:*W.=]-AOHB>WX_O&Z.B,A5^U\09J:(K9BJJ:2'"DK+?G5T\V_RNG<_&)Z
MH*?GT'N=A2>HH2%-^CQ6;+&CN?K9K:WWYYUZ)'>V[)09#2"DIZ*BX1^_7;?E
M\<KM&YR51:8237N\;3O?JMF05Y.39R\H-!9]-;MW1>@32\9(:<5HX4E:!(:0
MAM%;7CYTJHI>%O4LM&[?[FX$U4@G_<[ZO;O"D]/^RL933VVNW_I"SZ]?'JHH
M-9)2R]N[@\,.!%RT#=6]N\N(>YP=]65OOZ4%?9,%A\N?6U^S.:=US]ORG"<U
MOUBY(^_4[EVFK&JK?KV912,L6+#P[P[!&RP"\8D$:I0K%56;?>&3.$6*OIVO
M\$N2JIE.&C0;D::U,VFX^,V CRX9=#4Y,W-ZYTN]+^XP8PEZS\),F*:25A5^
MXRENZI+A"IB*3"^DT^M1*=I.G7:0E-,:O8Q!0<1>5I&@.;](GZW7PJ86!^?0
MP6H0AZYI1I1<XI(Y[C8#<5.3-4-&IN?+3]GNO]\,3YEFR-02NB'1FFCH[6#8
MC$3HM4V9]L@T=<5(2Y2HIBEI347Q5(W*A=)JO&.63HLT='J;CS)/SW84S0S'
MZ+U67H])KWPB\S)OL4T;>"KT;B>*C\3HRZ9Q,QDQ%SU$PR B*A5_3T.6:7$_
MB7?UPJ(1%BQ8^.A@,8E/& 2'6*(1_%823FA>(IVB/95 *513E0PS:4!#*_2*
M&_[2H *TW9-$FT&F-5MI:>/.%Z69,=I%@C@GW,4Z1L0ETS<XH<33*I2M3%MH
M0R'30DZ5^((!M<O, [I71[2LWO4$;9G&)(-=Z64J<!<C2<2&'"19BR-AY,/=
MU3_Z]EXSZ4FG$_!%V\70 PL$I.VW:8$'-#KM.@5MKM)'Q37:D3+S[7EJRVG:
M9(7>ZJ97^! U\F: +-'V,L0^D#=P 82G5T9(% @#!J& >E"TDL3Y58A:I5-I
M(BNTF19)$ 77P<00G$Y6,RP:8<&"!0L6+A*DQ-GP ?HN0R.@H:'_8$CATI((
MUO2XSEY )^E9 ^EQ:%ZH3NCT)'F'4H9GWK,' 7"_3],,/,<!)^AO=N08$(Y7
M/7#4?,=.RA9>:"DO;O/!,. -=OB''TX=5SDNWLH*45$N2?L;ID1OJE)6X%O3
M3"5A:K3A'IV1;Z(+Y X^0$0CLSD=93)-]$1"3FBQ!,(S2^"=LE$DGID!R< %
M<95S03G0%<XG$14DC>BHV*IFJ%0LRBP_(%*1)]KXCWRN8E@TPH(%"Q8L7#Q(
M1V9^6 >RP8$4<.82%"$K7NABTJ2P\YYLI%=)V3.7@$J'<F<:(=0MW_Z3>B=E
MSW&3!J<82*^*FW2$I:CI60)Q!?R2RA><A:^R[A:)(F8DRA88D3U-HF6AX"HT
M39)@ZD-?=59!(R0D0]O"Z#3'0!MLTE0%$1;*!!+-+ (! Z+/8="+I?!-\PHH
M&\TH4'DH'3I2.?D$A>8/>2$($0[:AX8WVD2Z3(8HZYE%E?1T@^1BT0@+%BQ8
ML' 9@'4VF<P9*3^>!J 36$@ULH*'\E[:J(IT.AEVI:#$ XA?4&!Z7J D38VT
M-W2^B(Z_^ 653T%$6(H:06@7$TJ" G)4G*XXQ249OZ32^1(LQ#?H>4F2%C60
MNTZ/1W0SE90]B[K/0TLQZ(55VIQ6T05GH,41$C$!SC@(#<UH(-\*350PC:"O
M:^& 1"DRH@],.\A!0=&(,\ CXL$)18CPG#=:*P$+!:$OA;&=KM.^?D@@4YS5
M"HM&6+!@P8*%WPU0=%E#![IY%QK^S%7H4AA2D="QXIT.:%7VQ!Z$5YR"*, 3
M:=&T08L1A/)?BH%4+]OADYYAP,9J&UP"RAB.\ D'8:&(V">1#W8 X$;\A8+R
M3IN('I=E>;&G<7#[B[8-6WLV/C]P](0:CVJJC))(:?J(!C*I,).@G((KT.I-
M55J8"H\/XY2G$'!)IJD)*B)Q&SAQ5GA_?$H9Z>L@'Y2:6*Z)6"$#B$-\IX-R
MI4JT_08E())"?"2V50R+1EBP8,&"A=\!0L$O'?$'M<CS#J1+R5WH;SB3H8<6
MQ!)(I=*1/FU)*AZ&U"4%9BU+RPT4J%-:)B (!T="?_ '/TB & *M<80-= !!
M.$%H?8Z.8Q,T06AVCB%+(W# K3[G%)<#O>TE=__;^-&W8O9!=T=WVWL'$L[I
M;'I+ >FA"YVHG"-#FSJXK^755^C2F4QQ.=@?TP+$P7(!:'4F\D7?_B+N@U1!
M%,1%D0#EE[Y]2I=(2!0TF^U5"XM&6+!@P8*%WP%""V8-,P$F \MI!+0EM"/=
M7V>4+>M:7%?I&04<8%A#LU=:5PD]2G2 _'&$(FX*B4C9-TX%)R%'5KT<QQ*-
M@%]2R?2@A#0YC$ F'IX*89YAIJ5D6][ZL1>>,37Z>#==E5/I5"RR.)<,^.F!
M1S(9&Y\RXU')MSA643%67.0?'].BX=%MVYJ>>#+D<J6UI!KVCM=4C!85QZ==
M9DI1$X'0[(2[I=5>D!\<Z(_8[(ZC)V9;&PTY8FJRY'?-EA?-5=;(7K^I)*5Y
M9W)Z;J:A.3$WE9R=GBTI&BL[&7&Y#9JEH+*O9E@TPH(%"Q8L?+B XF,C?I>[
M+,?*JV< S4[3%1GGE5?/AKC$?H1'_A4@R]DN -G!*52R".J1\L^??/0Q=T4=
MO7$*E@(.HLO0[H6;-O46'D0(W\1(S8T_,>V.NN>>Z]R:T[7GE9Z]OTXNS'0]
M^FCM'7<X*LND^=G&]4^UYFT>VO5V]=WW1_K[O?WM>[__CSU;<SM?W%EYPT_[
M'WNX=\^>PCMN#C672O/CS7E/V5_;UK]M6^/ZQ[5YAWW#8W6WW]VYX]>!EK:.
M!^]WO)C7\L;+]I.EIJKJZ10_(5J]L&B$!0L6+%BXC* )CJ)EV8J:],R<?/ 1
M3V,7;^' +V>D93,E5S^WQ9X/&F$$1\=;;KO)M U6/OK$?,XV<WS$C,R;9L*[
MZXW!35L09Z2AK.2A6].>:5,U>K;GCCW_9*"MJ>B.6\V947UJNO*.GP<:3IJF
MTK,])_3R"],5965WW*17G) *CQW[^8]3K;6VA^^W;]\*XI*<&#EUTPVA/:^:
M<V-F(,B;>?,65:L8%HVP8,&"!0N7$>CA"C0S^ ,]ZB :H83<%8\\-G.LV*0O
MD,9YWTG)3*9JGLL9/7'(3!OAD?&FFV\P)QWJS)CMI1>J[[VK^\U7M*3/__H;
M@\_E(3YO_KMEC]]F)KV(<.3X_JFG[O35UA4^]+#A=<HS,^6//NCI:P)S.?U"
M7CAOQUA^:>E=M\T=VCUU[-WQ8_O,QKJA^Q^>+3[!*T$EJ;NAZ_EGCCY\SV1A
MJ9E4:5[$HA$6+%BP8,'"J@!H [_[H-(OTPAZIS+E*BNKN.7NR-@ ;5ZEQ]S=
MK=+\=.WS6T 73"DQ=.1PRRT_,Z=L'A<\!,W!CF,_ORD\/.1[;4__QCPPDWA/
M^]$[?Q8;'3 3<FM.SM2.7%];V\'[?ZGZ%E(SKI,//NKI;D?BG=MVA%[</5O=
M=.3!==J\W32B;D>/,3<[^/"3TR?R34-/!GVIX(1I1F:K2P_>\4@Z;-$("Q8L
M6+!@877!(/9 ,Q+"Z/0!D&1@>/^^@H<>JMZPN?+9C=7;<N(SCLF:D\=N_T7E
M,^M/;7BV^E?WZ3.V@I<VEVU]NG[C4\U;<_6 +]A0]\X=MW4>.:@N+O:]N>?D
M$X\WK,^I>GI3<G)R8;CGW?6/J4%OS.,]L'Z]VSZ(A!O?W#/RZ]VJWU_SZDM%
M3SY6E[OUY+9M<M] V_HMHY65\. 9'B_>_%Q=SH:R1YYH?^L@[;I)RTDM&F'!
M@@4+%BRL"J1Y8:6>W9TZ31M:J[2!E)I478NICFZYJT^/A$TM81J2.CXA=0T:
MX:@1]YIR6(N'Y?%A97(BG4S1.R!R7(WZM3 M8C 529N=EKMZC&B2/@FBAG0I
M2!;XDQ)IF?P;J;B1C"!:,Q63G;.)GD$]&C=3"2,<2<L2;30A:9K/KSH<ZM1,
M6J-5&JN<0P 6C;!@P8(%"Y</B$88M/L3+8N CL9/C'>6)$Y!G]O@[V[P;M6D
MP'%&[ZZF:>=J(@X(1-1#A*;73=.T&X1!^W;3)S>6',$DZ/-C\,E$P.!W4T$3
M--U4V)M,G_=,TXI.>M^5WE$5CUK2&NV7G3)-^CX9@F5?FEVUL&B$!0L6+%BX
M?$ T AHZ2R/@ *4--<Y$@M0^M#TN\3)+X@SP![4/)[I$-O9)U( ,G>)2FC[_
MD60FPBLX$T0YV >3$;+"-4G\ DQ"G G^ =+!7HF:\('>$Z%/C&:VL81?RNCJ
MA44C+%BP8,'"90,B 40)Q!<XA8J&2L^LNA2;8+%"AP><P;/&G])0X9$\$)L@
MGK&DWV&@[:'\C71V-V[R2FYLR(GCA#>0%>(K%(S^^8=2I@P(!V(7-/-AX%^D
M(-Q7,2P:8<&"!0L6+AM )6NDNOEK6 :3 9X$T)@E\!P#/YE@3Z3"H?TEE;YS
M01M3\::9,@**60GVGT[Q_ /.$0UK?C(J$1'^'#FG2/P 1TXM8Q'@ #C@>L:-
M;)3V4F2K'1:-L&#!@@4+EPV@EUEITSR >%Z1)@/%C1]<9W7/^AMG9."+5BPH
M?(D#J]#QI/+9 _[XJQ^L],$/V!G_"CVJX'D+)AG"D?QPW.(LX[C$%V 0 0R[
MT]((A$:ZE-8JAD4C+%BP8,'"Y02AL4DYXP>$@@S^%;[ %(%]T)_P:8!O@ HP
MC1!.?"WC#V : !OS!7:A>&E.@1^@@!F<Q23X5QCQ0Q;^1:C,5 7^.2Q/D:QJ
M6#3"@@4+%BQ<MCA+H5NX"%@TPH(%"Q8L6+!PD;!HA 4+%BQ8L&#A(F'1" L6
M+%BP8,'"1<*B$18L6+!@P8*%B\2_"XU0+5BP8,&"!0N7(#**_(+Q[T(C$A8L
M6+!@P8*%2Q 917[!L!YJ6+!@P8(%"Q8N$A:-L&#!@@4+%BQ<)"P:8<&"!0L6
M+%BX2%@TPH(%"Q8L6+!PD;!HA 4+%BQ8L&#A(F'1" L6+%BP8,'"1<*B$18L
?6+!@P8*%BX)I_O_(Y-&%9ACUB     !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>tm214268d1_20-fimg005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg005.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!&0)8 P$1  (1 0,1 ?_$ +X  0 " P$! 0$
M       $!0(#!@$'" D! 0$! 0$! 0$            ! @,$!08'$  " @$#
M @($"P4%! 8(!P ! @ #!!$2!2$&,1-!(A0'46%QD;$R4G*2,U.!0B,T%:%B
MLG,UP4,D%H*#=#87"/#APF.SPR5%HI-$9(1&5A$!  ("  0#!08$!0,%
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MSC+="$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M>L0_\/4]2"8=?B1B9^SVM]W;W)6?U:BFM*<3+KNV5V.MBM=8P<,OJAZU)UW
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M)1G 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
MB)R5%F390BNRTZBZ_32I6 U*EB?'Y),B1Y].U&\Q=MN@K;4:-J-1M^'42C.!
M%LY&FK,3%M1ZS9TJM(_ALVFNT,/WOEDR)4HKNX21PV5H=-5"GY&8 _V&2W)8
M:>X*Z:\:ABZ(M+'9CV!O*L]4@(=O@?L_'$D(&5SO*U69!6M**Z:2Z4VG5M/*
M#!] -3HW0]?[9,F&RG-SKN1PF.5NQ%NLK-JIM2[=4&"G[K:@&!8 !>XVVC3?
MB OIZ2MF@)^36/$64TA X_WL9?,4]F9=/$XUV3E9A7&;R%+LE;_7;1>O@-/V
MSOV\1U\6Z<WQ+E_=GW'Q_ \3R5>%D7WYRN<K%KK9GH(/\,,H&HW+/?7?69F,
MNT7C*?D]F=X]FY_"\OQ>+?DY;T"^T5U-8*KB"'I<+Z-I$S&VMXF)3JB7W7L_
M,YS-[<PLOG*5Q^2N0O=2JE-NI.W53KH=NFHGS]L1%IB.3A;&>"YG-" @(" @
M(" @(" @("!JR_Y6[[C?08D98_Y%?W%^B!G 0$! 0$! 0$! 0$! 0$! 0$!
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M0I\IQ4UC4UY!TV-8FNY?'7T'KIZ(R)&8RC%NU(&J-IK\AED9X_Y%?W%^B!G
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MZ$21"II .FHUT\)4>*JJH50%4> '00(>3@WY.76UMH&)2RV)0JZ,UB^!=B?
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MXT8-;IY]M_F-N+7-N.OATG*]^KPPZZ]?3XY2V56!5@&4^(/43#H]@(" @("
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M[68@?OJR:0)-W>/""Q?:\>RN^DJ4%B*67S-O52"?W+-QT_=@7N#F5YN)7E5
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MYK@^Q.6O[?N2WG:J'LQ,C/L4*;VT&K-850?W0=%UTB(PCY9V-[T>Y+N[>V^
MY/FLFVULKD,?G\;DL/'P[ZGKQ%NQZF>DO6^K;F5D(U'C*.9O][OO,R\VI./Y
MK(-QQN2R>/Q<+C:\X9EN/R-F/C56;5UKJ:M0ILU^.!UW$>\+WBW=P8?N^Y#(
M%/=S\M7DYN2M=>B<&<<93[1MVZACY&OCK\<#[K 0(61Q/%-BW56T+Y%EAR+1
MU'\3Q+Z@Z@_) YW%Y+BT3%OR^,KQN.RZGLP[0V\A*:R +*P.FZHG336!9\9Q
MW;&=B$XN*K55/96RV*P979-C@A_6ZH0/D@75-5=-24U*$JK4(B#P"J- ! R@
M(" @(" @(" @(" @(" @("!"?B,+S!;36N/> 56VL $!F#-II\.DF!ZG%8J9
M?M +G1FL6HM_#6QAHSA?A.L8&_+_ )6[[C?099&6/^17]Q?H@9P$! 0$! 0$
M! 0$! 0$! 0$#Y_[U +>3[*QK>N-;SM!M!\"41F37_I3ELYQ[7V?I/"FZ8YQ
MJEQ5'.KP/.^\BO#H]IYGD\^K$XG#0:V6WY-;$Z>G:F[<WHG.)Q-O-]6W;_&U
M]O-IQ2M9FT^$1$_Q"PN[3_Y3QO=EQNX/GX_*E<AU]+9-;->!_=UZ2]/3TN->
M\^9GN;_VS3A[IX/LL]#\N0$! 0$! H^Z.YQPE>)31B6<CRO(VFCCN/J(4V,H
MW.S.WJHB+U9C#MIT]><SBL<Y5>%[PJ\7.LXWNW&K[=S15Y]#W9%=F-?4#M;R
M[O4]92>JD:PZV[7,9USU1[.+.WWK=AJ2M')>V6>A,.F[()^3RD80D=EM\8Q[
M>##_ ,1;+Q_]-[:YK,U^JYQACH?^E>]?T0ORN.=JQ[\_@'N#WCY.GLG:M.*#
MX/G9]?\ :E*V'^V#X6F.=\^R XOO7ROKY_$<:I\111?DL/VV-6O]D&=$>%I^
MR%1C8W<W:7=&;S'*T9/<]/+8]-39^!C(+\=Z"VE1QU;\IMVNX'Q\8=9FFVD5
MKBG3/*9Y^\X'LCD>8SN7Y[D;^2[>7ELE;<?BL3(%#"NNM:Q;D! P\VS;J1KT
M@V=Q%(BL=-NF.<Q^"W/NPXAOS>5YFWXGY'(T^966'+YRWE7_ -L'_A1V@WYP
MS;_A\S.RS_\ ,$'SNST^R&2^Z;L ?6XLV?YF1D/_ (K#"?.[?/[H9I[JO=VI
MU' XI/PLI;_$3"?.;?\ %*!1VCW9V[;F8W9U_'U<-FV->F)FI;KB6N-'-'E=
M&0D;MC::&'2=]-F)V9ZH\O%=<!Q_'=I<'B<9?EFZ^RQFLO<?Q+\B]R]CA%U\
M78^'@))G#S[MGQ+92S@YG(C(JY9$7"9QY.-6S;BJGQL<$:[OLR8SS<UG7777
M6M=:A*T 544:  >  $TB%SN#Q_(<3DX/(8]&5AY*^5=C98!IL#$#:X(/B8'$
M9?N]]WN+P;<%E\%PE'%>>M[XMCE?^(92%?4KOWE0=.OA\4"SXW#[9XC*6WC\
M;A\+)XS%&"IJMV-1BE]XJT"^JI<Z_&8$JE>$;N:GEC5Q?]=R,=<5,M;?^)?&
M+%PBZJ"5W D"!U,! $ C0^$"FK[3XA-XTM:HH]=-+6,R4I9]<5*?J:P++$P<
M?$\[R01[1:;K-3KJ[ *?[%$#? 0$! 0$! 0$! 0$! 0$! 0$! 0$#5E_RMWW
M&^@Q(RQ_R*_N+]$#. @(" @(" @(" @(" @(" @<5[W.&S^0[1;+XQ=_*<-D
M5<GAH/%FQFW,H^5-9SVQF.#ZOT??6F_IO^R\36?>^;<7VYRO<M_,>\3M+FZ<
M'F<JW?AX99&VU^6%MJR X_AN67H?#2<8K,YM$\7W=W=4T13M=])MKB.,^_A,
M>:X[2NY+NGOGB*<G//+X_:%-E_)\HH44V<EDC:*JMH"E:EZ CQT,U7-K1Z/+
MWE:]OV]YBO1.Z8BM?&*1XS[7V:>A^7(" @:<O,P\.EK\N^O'H7ZUMK*BCY68
M@0M:S/"'+7^]#MI[31PRY//Y(U'E\92UZ@_WKO5J'XH>F.SOSMBL>K#V[WG\
MK_*\?A=O8[>%N;8<S)T^$54[*P?E<PO3IKSF;>SA"'F=@=T)F8?/4=PV\EW%
MQ[.<>O-1*\%J[5VVU"JE=:]P_?U)$-U[FF)K-<4GRYI?'=K<WRW<%?/=WTX6
MN'0^/QO%X^M]=9M8&RZRRU5W.=H T7H(8MNK6G3KSQYR["JBFE=E-:UI]E %
M'S"'EF9EG"$! 0$! 0(UW)\?359;;DUK73IYK;AZNIT&NGA)F#"-9S^"*Z+*
M5MR4R=?*:BIW'0Z$GIT_;'4N%7CX>+RN5R-O)7V+=BW-574MK5"BM0-C@*1U
M8==QF<9YJE=K*<CC*LO)8Y5X>T4Y5H!<U[RJE3IT#*HEKR25Y-(0*WN'";,X
MJRI+12ZM7:EC(; &JL5QJBD$CU?1 YGE. 3D;;LNS-5,^XTL+EQKQY+U5O7O
MI(8,I(L])(]!@;N3X/$S*<\+FN+\TX;>8U%G1L(@ZG9L/KZ>@C2!@> &3G*U
MN:ODW>Q^>BXUILWX3LR>7;824#;NI.I^.!VL! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! U9?\K=]QOH,2,L?\BO[B_1 S@(" @(" @(" @(" @(" @("!\U
M[@]P79/+\I;R%39/&ODL6RJ,-PE5A)U)VD';K\4XVTQ,OO=M_P#H>XUTBLXM
MCEGF[3MGM;A.V>*KXOA\88^*AW'TL['Q=V/5F,Z5K$1B'RNZ[O9OOU[)S*VF
MGF<]WWSV=PO B[CQ7[?EY%&%BV7=:J[,FP5BRP>E4UUT],._;:XO;CRB,_8Y
MOE[^]NS[^-O3DV[F7E,E<%^/RUJQF%]JDI9396OJH"OK*0>D/12->V)C'1TQ
MG,<5G_2/>5RO^H\SB\)CMXX_%U&Z[3X#D9'0'XU2'/KTUY5FWM_*&[$]V'::
M7C*Y&JWFLP'7VGE+7RCK\2.?+'[%A+=Y?&(_3'IP=311114M5%:U5+T6M%"J
M!\0'2'FF9GFSA" @("!BUE:_68+T)ZD#H/&! ?N#BO9K,BJ[VFNMA6WLZFT[
MF\!H@,G5"X5;C&Y?FWHY$V5XR8]=N)AV%JM^_7>[ $$E=--/1,\YXC+@VY V
M<EB8>0MG'XS&O"R+=UC+80"5UU]=$/3QUBI*P;B^1OQ$JR>3M%H<L]V.JU$J
M1T7P;H)<2-O]&PCFUYK^99D5@*C-8Y7H--=NNW4^GI+@RVXW&<=BJZXV-54+
M#K9M4#<?'K\,1$(D@ #0>$H@YO!<1G7"[+Q*[K5&F]AU('H.GB/EDFL2N4U$
M1$5$4*BC15 T  ] $J/8"!Q?OFY3E.*]V7.Y_%9;8/(TU5C&RTZ-6SW(FX>/
MVH'S;ANYO>1W#E=Z<7?R%W#]Q]K8/'N*P1[,V9C&U[; NAW49E:+K\OQ0*KN
M#NCOP]@\%W;E]SG$?N"Z_E<OB,7,IP;EPQ4#3C\?;D*R-Y*^O8C=;"=(%AQ7
M>G*<S[SL>G^M<C7PC8G#7XU5N?B\>?\ B:"[F[$L7?>UC ;EJ@?H* @(" @(
M" @(" @(" @(" @(" @(" @(%2+<BOG5K-K^S6UV-Z[*R,RD=% ZIL^/QD\5
M:L#*R6R<6U\@N<MKEMQSIM3R]=-HTU&W30Z^,D"SY![5Q;-E?F:HVO4#3I\<
MLHVX_P"17]U?HE&<! 0$! 0$! 0$! 0$! 0$! 0$! Y'DN_Z[<RSBNUL0\]R
M]9VW&IMN'CG_ /<9/51I]A=6^*'JIVW#JO/37[Y]D*KE>RCE839_>N2_/9MA
M6O$XRAFQ\&BVP[4\E%.XN#_O7)/P:23.&_FNGAKCICS\9_CR><7VHW <Q@<E
MW#F7\L$8T\=?E9#6IA/8-- C!0Q8>KYAZR9F.;%^YFU9B(BN>>/%W']9XLY5
MF*,E/:*0S6U>E0HU;7Y)<P\N&D=Q\*V*^6N2&QT<5LZJYT8C4#0#63JA<,GY
M[C$?'0V,3E -3I7800QT!.B]/VR]4&'J\YA-?D4*MQLQE9K/X-FA">.TZ:-^
MR.HPK\OF;LTX>+Q[68AS+'1LBZLHZK4NYMBN/%O1,S.>1@IOY/CN9HXU[GY&
MC+1K%>S8MM.P@,6( W*=?ECC$X$U!W!<F0MAQ\4GIC.FZUAU\7!V@])>(\?A
M[\BBFO+Y#(=ZR2[TD4;]3J P3X/EC!EO7B.-7-;.%"G+<:-<=2="-".OQ2X@
MRE54U5+LJ1:U^RH 'S"5$?.XOC\]57,QTO"'5=XU(^0^,DQ$F6['QL?&I6G'
MK6JI!HJ(  /V"7 V0$! 0$! 0$"MY[D>%Q,39RNRRB\[1CNGF^81U \O1M?#
MX):UFV8CG$9]T.&_N*:HS:7G&9?!<E9DWX:5MD,%JS2:PMN@754MU 8Z!O R
M1$]-;>%HS'L73W%-F>F>7-LRN X++Q*L/*XW%OQ,?3R,>VFMZZ]OAL1@573X
MH=GE_;O;^1F)FW\9B6YE6WR\EZ*VM79]7:Y7<-OHZP+" @(" @(" @(" @("
M @(" @(" @(" @($9N-P"UC>0@:[3S6  +:'7J1\8C V5XF+7<]Z5(MUGYE@
M #'Y3 9?\K=]QOH,2,L?\BO[B_1 S@(&K*)7%N93H0C$$?#H9):KSA^,[/>+
MWZ+;!_S%G@!V 'GMX F?&^/?SE_4*_2^UQ'^W7DQ_P#$;OW_ /T>?_\ GM)\
M?9YRU_Q?:_\ UU?I[W-\CG\C[N>(S,_(LRLNU;#;?:Q9VTM8#4GXI]3MYF:1
M,OY_]9U5U]U>M8Q6/R=K.[Y9 0$! 0$! 0$! 0*#N+O7A>#M3$L+YO+7C_A>
M)Q%\W*L^/8/JK_>;00[ZNWM?CRKYSR4__+W=?=/\3N?(/$\0W5>W\"P^98OP
M9>4NA;XTKT'QF'7XM-?[(ZK?XI_E'YNHQ\?A. XM:<>NGC^.QQHJ( B+^P>)
M/SF)EY;7FTYF<RC9>+F\LUV/<BX_'J%;&R%;6YK5(9+%'@H7X#XS,QE'E7"\
MC?E47<KFKDUXK;Z::ZO+4OIH'?JVI'H Z1T^9E<;$#%MHW'Q.G6:1Z  - -!
M 0$"+R/&XO(4BK(!]1@]5B$JZ,/!E8=09)C)EJX_A<7"NLR ]N1DV *^1>YL
M?:/!0>F@^2(KA<I\J$! 0$! 0$! 0$! 0$#G.8%N#W%B<M9CV96'Y38Y-:[F
MQV8[C9H!NT8#0R6GA,S%<4B9S_=[(?/WQ--U=DQ-JXQ_I]4?&JSN4S^1Y'#K
MLPJK<1L:GS4%;67$:K83];0:]"):UBMLS6../U=6>'ECP31G9LG9$36N,<8Q
MF?-SG;W87>U.)A)R?*6[Z[;?;*URK'\VD5!J5+$=-,E=3M_=.AGJOMKX0]-=
M=O&6C_D3WHIQMF$O</M%F5C8U)R;K'K./Y+M8X0U@L[,2 7\2(^+KSG!\.^.
M;Z9QGM_].Q1R 09PJ097EG5/-"C>5.@Z$^$\UL9X.\9QQ29%(" @(" @(" @
M(" @(" @(" @(" @(" @:LO^5N^XWT&)&6/^17]Q?H@9P$#3F_R=Y_\ =O\
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M4R1'FJRFD(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(#4:Z:]1Z(#4:Z:]?@@:LO^5N^XWT&)&6/^17]Q?H@:N1OR
ML?"MNQ,?VO(0:UXP8)O.OAN;H(%*W/\ <X#E>W;"5 *+[14-Q)ZC7T;?[?1
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MA\0/3+U082!R& V0V,,BLY"#5J=Z[P -?JZZ^$91Z<["%#W^?6::P2]@8$
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MY%=W*XF51N1,[&=[4).A*%-NH\-1N(Z1XBXFD(" @(" @(" @(" @(" @("
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M^POS" \JK["_,(#RJOL+\P@8>S5>:+-HZ*5TT'I.L#/RJOL+\P@/*J^POS"
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MQ:,*RW*M--*Z;G5MK>/101UU8]))%&]U@ITR,QZA7C/=C%;-27WG12P/\1D
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:]F'T2BOH_P!$SOE3_9(.EH_(K^ZOT32/_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>tm214268d1_20-fimg006.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg006.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ L@)8 P$1  (1 0,1 ?_$ +X  0 !!0$!
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M4CF1QT#FMUAGC-V\.9!]%(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MO==7V,G5*"N%^[:3L8^J$%W=X-FWH"!N\&S;T! W>#9MZ @;O!LV] 0<TQ
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M#L'"?X;P_LOSE2BQZJ7$HCB3^0K:62#++9<00$!!N/=C[VK.P'7"#HZ @("
M@("#"\8>Y)/[[/RJ-\6;%-I2]KH79KH8HM"54I,(" @JWRA\ZQ%B+YVQ[WWB
M'^XEZY5AV752Z,%J6/4R:,.Q 7NV1 0$&^]U_DXC_E_I+LW3\70K3^P>6C^+
M(WE=A7 @(""_0?Z^E[:/K!!W% 0$!!%Q;W75]C)U2@KA?NVD[&/JA!<U4^V]
M$(&JGVWHA U4^V]$(&JGVWHA!S3$+=_J;3:=:^T_XBJ1O#:*FG-VIC0U<N*"
MPM-ZB @(.9]\O+A7S2_E:I)P]\?0EW"W[G1E<T4E2X0$!!-P3WQ1=O'U@O6A
M[\N.#GWMLM70F[':CRE2Q^?(<BB,B @(.H\!,E/#4!;)=%^3)8#](H-BU4^V
M]$(&JGVWHA U4^V.B$#53[;T0@:J?;>B$#53[8Z(0-5/MO1"#3N-&O;B$%]]
M\ZK(; /I'F5;\:;1)H98I!=&KCC:\H:ZP@("# \=_A#%.R'6"WKLVB3&Z5S[
M53QY'!E.UE" @("#L'"?X;P_LOSE2BQZJ7$HCB3^0K:62#++9<00$!!M_=JU
M[L5K Q]PZ@9; ?ICG0=$U4^V]$(&JGVWHA U4^V]$(&JGVWHA U4^V.B$#53
M[8Z(0-5/MO1"##<6LE&#2%TMX7V9+ /"HWQ9L,VE+VNA=FNABBT952DP@(""
MK?*'SK$6(OG;'O?>(?[B7KE6'9=5+HP6I8]3)HP[$!>[9$! 0;[W7^3B/^7^
MDNS=/Q="M/[!Y:/XLC>5V%<" @(+]#_KJ:S(=;'E_P 00=LU4^V]$(&JGVWH
MA U4^V]$( BGVWHA!:Q;W75]C)U2@KA?NVD[&/JA!)0$! 0<PQ'WA4]J_K%4
MC>&T5-.;M3&A[DN*".M-ZB @(.9]\O+A7S2_E:I)P]\?0EW"W[G1E<T4E2X0
M$!!-P7WQ1=O'U@O6A[\N.#GWMLM70F[':CRE2Q^?(<BB,B @(.J]W_X9@_OR
M=<H-C0$! 0$! 0:7QQ[QI^R_2*K?C3:)-#+%(+HU<<;7%#76$! 08'CO\(8I
MV0ZP6]=FT28W2N?:J>/(X,IVLH0$! 0=@X3_  WA_9?G*E%CU4N)1'$G\A6T
MLD&66RX@@("#<>['WM6=@.N$'1T! 0$! 0$&%XP]R2?WV?E4;XLV*;2E[70N
MS70Q1:$JI280$!!5OE#YUB+$7SMCWOO$/]Q+URK#LNJET8+4L>IDT8=B O=L
MB @(-][K_)Q'_+_279NGXNA6G]@\M'\61O*["N! 0$%^@_U]+VT?6"#N* @(
M""+BWNNK[&3JE!7"_=M)V,?5""YNE-LP@;I3;,(&Z4VS"!NE-LP@YIB  KZD
M#(!*^P?XBJ0O#:*FG-VIC0U<N*"PM1ZB,",B,.9]\O+A7S2_E:I)P]\?0E_"
MW[G1E<T4E2X0$!!-P3WQ1=O'U@O6A[\N.#GWMLM70F[':CRE2Q^?(<BB,B @
M(.H\!4\+^&H'.8"2^2T_XB@V+=*;9A W2FV80-TIMF$#=*;9A W2FV80-TIM
MF$#=*;9A!IW&L4<>(0!C0T&++9_>*K?C3:)-#+%(+HU<<;7E#76$! 08'CO\
M(8IV0ZP6]=FT28W2N?:J>/(X,IVLH0$! 0=@X3_#>']E^<J46/52XE$<2?R%
M;2R099;+B" @(-O[M8V28K6![0X" 66_WP@Z)NE-LP@;I3;,(&Z4VS"!NE-L
MP@;I3;,(&Z4VS"!NE-LP@PW%M/"S!9'-8 Z^S+_:HWQ9L4VE+VNA=FNABBT9
M52DHC(@(*M\H?.L18B^=L>]]XA_N)>N58=EU4NC!:ECU,FC#L0%[MD0$!!OO
M=?Y.(_Y?Z2[-T_%T*T_L'EH_BR-Y785P(" @OT(!KJ8'D,L=ND$';-TIMF$#
M=*;9A W2FV80!2TX-NK&1!:Q;W75]C)U2@KAALPRE)V,?5"#T*^C.42@CGRH
M&_TFT'04#?Z3:#H*!O\ 2;0=!0<ZKH*AU=4.;#(6ND>00QUA!<?D5/VZZ[3-
M7GC"G/@C--]$>=*J-IIPDA_M#D@L;M5;"70=F6KNFU>5/X8O3U5+O0ZS=JK8
M2Z#LR;IM7E3^&)ZJEWH=9NU5L)=!V9-TVKRI_#$]52[T.LW:JV$N@[,FZ;5Y
M4_AB>JI=Z'6Y]WL8#CE><-W+#JFIU8EOZJ%[KMI;9;8%(+CN^O)GYTDT.3E@
ME'#=Y6:GGY]267#@Y8P<^^YO%W\EKOW>7]52#TU3NQ2C?5C\VGXH'W-XN_DM
M=^[R_JIZ:IW8F^K'YM/Q0/N;Q=_):[]WE_53TU3NQ-]6/S:?B@?<WB[^2UW[
MO+^JGIJG=B;ZL?FT_%!+PCA#BN/%*21^#UK6-F87.-/(  '"T^2O2C9ZD)X1
MC+'E:5YWO9)K-4EA5DC&,DWQ0YG6SAN)6GV2?ZM^9291L.0_AN)?9)_JWYD9
M/X;B7V2?ZM^9 _AN)?9)_JWYD#^&XE]DG^K?F0=)X(E93</0Q5%L,H?(2Q[2
M"+7'P$(,_O\ 2;0=!0-_I-H.@H&_TFT'04%!B%&20)1:.49<B"N_TFT'04#?
MZ3:#H*!O])M!T%!J/&-ZHKX'0-=*T16$L:X@&\>8* <6V*M5KR1IR330S/HA
MA^F+N776DEDC":,(>U@=VJMA+H.S**;IM7E3^&+I>JI=Z'6;M5;"70=F3=-J
M\J?PQ/54N]#K-VJMA+H.S)NFU>5/X8GJJ7>AUF[56PET'9DW3:O*G\,3U5+O
M0ZV%XSP[$:CA;$8(*2:69\8#(V1O+B;PY  MV[[KM,M>6,:<\(8>:+H75;:,
MMIDFFGEA"$>=Q?[F\7?R6N_=Y?U5,_35.[%8&^K'YM/Q0/N;Q=_):[]WE_53
MTU3NQ-]6/S:?B@?<WB[^2UW[O+^JGIJG=B;ZL?FT_% ^YO%W\EKOW>7]5/35
M.[$WU8_-I^*!]S>+OY+7?N\OZJQZ:IW8F^K'YM/Q0=3X9P?%X< H8IJ&HCE9
M'8YCHG@@VGE%BD=DEC"E+"/,IF_ZLM2W59I(YTL9O9&&)D_X;B7V2?ZM^9;#
MCG\-Q+[)/]6_,@?PW$OLD_U;\R!_#<2^R3_5OS(-J[NXIJ3$ZI]5%) QT(:U
MTC'-!-\&S*$&_;_2;0=!0-_I-H.@H&_TFT'04%#B%&" 91:>094%=_I-H.@H
M&_TFT'04#?Z3:#H*#$<4SQ3X/)'"3(\N80UH).0_(%P.)J$]6QQEDA&:;##V
M0QMZ[IX2U81C'!!I6[56PET'9E6FZ;5Y4_ABD'JJ7>AUF[56PET'9DW3:O*G
M\,3U5+O0ZS=JK82Z#LR;IM7E3^&)ZJEWH=9NU5L)=!V9-TVKRI_#$]52[T.M
M5M-57A^PDY?,=F2-TVKRI_#$C:J7>AUN$8UPCQ5)C%=)'@]:YCYY'-<*>0@@
MO)!'BJ<V>RU84Y81ECR0^A9%EOFQPI2PC5DPYL/BAS(?W-XN_DM=^[R_JKW]
M-4[L6QOJQ^;3\4#[F\7?R6N_=Y?U4]-4[L3?5C\VGXH'W-XN_DM=^[R_JIZ:
MIW8F^K'YM/Q0/N;Q=_):[]WE_53TU3NQ-]6/S:?B@W3NZX=X@HVUV]8950W]
M7<OPR-MLMMLM"ZMV4YI<[.A@Y%?\<VVC7C2_\IY9\&=AP1P\S<OX;B7V2?ZM
M^9=5 3^&XE]DG^K?F0/X;B7V2?ZM^9 _AN)?9)_JWYD%ZBP_$&UM.YU+,&ME
M87$QOL #AEY$'8M_I-H.@H&_TFT'04#?Z3:#H*!O]'X90!_:@MXM[KJ^QDZI
M05PP X92@\AA9;HA!*:T-:&@6 "P#Y @(" @(" @(" @C3XE205<5(]Q-1,"
MYD;6EQ# 0"]U@\5H)&4H(5/Q3@E2V-U-4:\2E]FK:XD")]Q[G"SQ0'9+2@HS
MBW 7X9+B8J3N<#VQRR7'VASK+OBV6Y;X0>)N,N'(:LTDM6&3VN:QI:^Q[FNN
M$,-ECC?\6P>%!FD! 0$! 0$! 0$% UH)(%A=E<>>S(@J@(" @(" @(""CG-8
MTN<0UK1:XGD "#&#B;!;*5SY]6VN>YE(Z1KFB2ZR^7-)'DW1:#R(+;N+,#::
M:_,Y@JW7:=SHW@/M+0'#)Y)OC+\J#U4<58%3NJ!/4ZIM+*()I'-<&ME+;P;;
M9RD<G0@RK'A[&O;;8X BT6&P_(4%4! 0$! 0$! 04+6DAQ%I;Y)YK<B"J @(
M" @(" @("#'U6/872OJFS2EHH8];5O#7%L;;MZQS@++Q;E Y4%E_%."-BDF$
MY?#%&V625C'.:UKVAS02!Y1#ADY4'M_$F$,HZ:M,KMVJS=AD#'D%W)=( M!M
M%B"3AN*T&)TYJ:&83P!Q9K&VW20 383RV6H)2 @(" @(" @(*.:'-+7"UI%A
M'R%!%Q4 855@<@A?U2@]87[MI.QCZH024! 0$! 0$! 0$&/Q'!*6NG$[I)89
MM4^G=)"ZZ71/REAM!\(M!&5!BF=WO#D8>V%DT4<MT2QME<0X,ND#QK2/&8#D
M02F<(X3%A53A=.9:>DJRTRMC< ;0 "6V@V%UT7D"/@_!FU+*AS7R213"HAON
MM$;P]TGB"S("]Y<4&;0$! 0$! 0$! 0$! 0$! 0$! 0$'F2-DD;HWB\QX+7-
M/(0180@P%1P+@=2R%E49YVTT;8J4.E<-4QK@X-;=N^:!EMR(#>!,!$S9W"5\
M\9889'/\9FJNAEVP9+H8!;R\Z"76<,876U$\]6UTSIQ&TM) :!%(V9H  'TV
M VFU!ED! 0$! 0$! 0$! 0$! 0$! 0$! 08BOX7PVNEJ'3.E$56Z-]73L>6Q
MRNALN%UF7D: ;#EL006]WW#K8A &S;L"7:@R$M+B+MIMM/D^+9;98@G_ '9P
MW=J*E:9&TU!()J>(.%@<U]]HMLO6-/)8>3(@FX;AU)AU&RCI&:N",N+6_*]Q
M>[TG%!)0$! 0$! 0$! 01<6]UU?8R=4H*X7[MI.QCZH024! 0$! 0$! 0$!
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:/B"!\001\0_T%3_K_P#U/\OR?)/+\G.@_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>tm214268d1_20-fimg007.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg007.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!5P'T P$1  (1 0,1 ?_$ ,@  0 !!0$!
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M3[XM[*VU6T3<VATXT%.7)=5V?46<GM;:UN)[>QLY[Y))I%B!192Z0#:22VG
ML!\-!O&-OH[_ !UK?1@K'=1),JGM =0VA^_07- H% H% H% H% H% H% H%
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MX_<Z-Z3^EGQSV0Y#6$VA,;V!_93A?%/_ )B2IS)^7#EGJ+ZVOW?EAT&LE"%
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MG#:CVX).^ZO]3\M](?N4J6Y?PSM<]]7^?1X.^7:JSVIE H% H% H% H% H%
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MX)6W<SU4$*TNG<[#=M^X:]C")%;)=.6$^-BMH;:(RV<?+L.9N"IH !KMXE>
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M#7@WB-1ESEURS._8G_:EK7,K=ZG<S$?[E]@?:%9W,WJ.8C.-R*G:RR:B-F^
MGS?NU>RW-*:IW;D;E:QFN4U4QOVYWZ/VMO!! (.H/$$5+(=1NKZSM INIXX
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MF>]G3Z===.Z,2_SE:^'LYJUYEZHB8PXIG]G\5/-[-5=NJ9C_ *Z+=4[:L/\
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M:WNHEFA?@R.-15%RW37&%48PKMW*J)QIG"6EW/L\R5E=M-TUDVL8Y>$L+EB
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MQZ*:L8IC7A.,XLBY73A-4ZL8PC#!\7UW&R<K2%((+B,N@=_5HIGC"KN8Z':
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M!J?#PKV(B%,S,C1QLK*R@JWG*0"#XZ8&,O0  T' #L%>O%&]_P""N/\ #?\
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M^I6-^D%]#)6!S#@C:VOTC]15X.^$7ZB70TA/=/\ -ZE\=I^]J3Y?TM']8_\
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MM9!<&23718XR NKGP:<*S&MJ7^K$_P!&?ZF]4?;ZOZQZEN7?K^9N\W76@S]
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MNWOYH9E@M)8H'A5E+!&1=[[B>+<. X5'9^K5$ZFZ>DK,S%RN)^+5'4XV&TK
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M>T,4L=C/<2.RK'*"T3PHCLFY=6\K7LH,CTNTZWMU;V[R3X:&*%;6XGC$;\P
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MV2%6F$B,%+Z;>P$T%]96C7_4L]_);\JTQ@-O8[DVEYG ,\PX:Z :(I\=!L%
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M@?0;M/!K0?%@A4L5C4%M2V@ UU[=:#Z\,3@JZ*P(T(8 @@>.@]*H4!5&BC@
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MN;.XMVM+VU"/)"65QLE!*,K+P/FD&@PL^<RL.4DCOKD8R,7&RV22V9[>6$,
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2*!0*!0*!0*!0*!0*!0*!0?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>tm214268d1_20-fimg008.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg008.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ ;@#( P$1  (1 0,1 ?_$ (   0 " @,!
M       &!P$% @,$" $!                     !    4# P, !P8# @\
M      $" P01!08A$@<Q01-182(RTA0(<4(CDU47\($54F*1H;'QLN)C<],D
M-)25%A@1 0                    #_V@ , P$  A$#$0 _ /JD
M      5[SQ<[C;>++]-MLEV%-90R3,IE1H6@U/(*I*+IU 1[&H%WQKE^WV-5
M^N5WC76Q/W&:4][R(^9:?;02F6R(DM)]L_9(!<0#(
M        .E^9#CF1/OMM&HJI):DIJ1>BI@--D$7%[];9%JNSD:5;I))\["W4
MD2B2HE%6AD>AD P<#%U7MF^K5&.ZQ8ZH<>3Y4[DQUJ)2F_>I0U)(^@#;-7.W
M.*2AN6RM9]$I<09G]A$8#TDHC 9  &#41'0P EI/H8!O3Z?4 ;TTK4 W)](
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MH70!=?%-SQ6Y8+:'L44?]#:CI8CH46U2#:+:M*D]"62J[J=P$O
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M-PVR-=2['N ;$FRH?6A]2 /$7\O0 Y)21%_E 9 <=B:F=-3Z@!((C,RTKUH
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M6@#GF,.(U]4N%.MLH0[(M<E3[B4D2EJ3Y22:C+4S(BH O)!421 ,@
M                    X.UVE3N8"!8GQQ+LG)65YBY,0\UDB6$MPTH,EL^
MJ>TJM#K3L Y7[CJ7<N5L>SE$Q#;5EB/1'(2D&:W/*:Z*2LCH5-_H 3Q!F:=?
M\X#D                           #"J=P!.WL P>VNO7L R5*%3IV 9
'     !__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>tm214268d1_20-fimg009.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg009.jpg
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M  (1 0,1 ?_$ .0  0 !! ,!               ' 0,&" ($!0D! 0$! 0
M               ! @,0   $! ,( @,!          $$!08 $0(#,!0'$"!
M(3%!$A4B0C(3%A<1  $$  4" @8%" L       ,! @0% !$2$P8A%#$505$B
MU#65$" P,@=A<9%"4B0T%D#PH;%B(S-#8Y0E$@ ! @0& 04            1
M  $0(#!A0% A,4$2L5%Q@9$"$P$  @(! P,#!0$!       ! !$A,4$@46$0
M,'&!D:% \+'!T?'A_]H # ,!  (1 Q$   '[^  %O#7?+8G;EI4 12D5H
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<JY],Q ;N'V65P=?C_928=_I;UV?ZYFSY]K__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>tm214268d1_20-fimg010.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg010.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" %P KP# 2(  A$! Q$!_\0
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MV]K+%;QW$<MW!;S;I3&8UDD6,,HVG<0S#@XXSSV.E4&HZ;#JMNL4RED66.8
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MO_013_\  X_YGI5%>:_\-E?"'_HJ7P[_ /"BM/\ XY1_PV5\(?\ HJ7P[_\
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M[:%\:M ^&?P<AM='\0:1J&NZ%$]O:2265XMY+(NKQWD8B!C%O]B988I")L7
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M_$_FCQVX#QN8XK#9GE=&52<OW<U%-O2[C)VZ6YDY.R5HW9\<T 9-?I)\)/\
M@C!X1\/%;CQCXBU3Q%."K?9K)!8VPX.Y6.6D?M@ADZ=*^D/A?^RK\.?@S%&/
M#?@_0]/FC)9;EH//NAG_ *;2;I,>V[ KMQ'$V&AI33E^"_'7\#XC(_H^<08M
M*>/G##Q[-\\ONC[O_DY^//@GX!>./B3:?:/#_@_Q-K-KO\LSV>FS30AO0NJ[
M1^)KT;1/^":GQLUZ#S(O ]Q"O_3S?VMNW_?+R@_I7[ 45Y53BFN_@@EZW?\
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M4O\ H/> ?_ Z[_\ D:C_ (<N?%+_ *#W@'_P.N__ )&K].**/]9,;W7W!_Q
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M&_\ (_,?_ARY\4O^@]X!_P# Z[_^1J/^'+GQ2_Z#W@'_ ,#KO_Y&K].**/\
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MW@'_ ,#KO_Y&K].**/\ 63&]U]P?\0%X3_DJ?^!O_(_,?_ARY\4O^@]X!_\
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M]H9!!P-RE6'!%>@5^(O['O[1WC3]A;XP-JL^GZY#X?6ZAL/$FE30O&D@=69
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M;6O1 %%%%( HHHH **** "N3^,OB3Q'X5\)PW7A?3(]6U#[=!'+;M$TC&!G
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MI/X#-4Z[SX-:2MK%>ZQ,ORPJ8HL]SU;^@_$U45=@=!XHG5)HK.'Y8;5 @ Z
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MX/(H*Y7V+]%-CN(YGD5'5FB;8X!R4. <'T."#]"*=02%%%% !1110 5^>_\
MP5\_9/&E:E%\4]$MPMO>,EIKT:9^27A8KC'0!@!&W3Y@AP2S&OT(K'^(?@33
MOB?X&U;P[JT/VC3=:M9+2X3OM<8R#V8=0>Q -=V78V6%KJJMNOFCX_COA.CQ
M%D]7+JEN;>#_ )9KX7Z='Y-GX1T5U/QL^%&H? WXKZ]X3U3YKS1+IH#)MVB=
M.&CE R<!T*N!G@,*Y:OU",E**E'9G^=.*PU7#UIX>O'EG!M-/=-.S3]&?5'_
M  2/_:=;X"_M-VNB7TS)X?\ '9CTNX!;Y8KG=_HTN/\ ?8QGT$I/:OV,K^<V
M*5H9%=&9'0AE93@J1W%?NI^PM^T(O[37[,/AGQ-),LVJ^1]AU8<;EO(<)(2!
MP-_$@ [2"ODN),':2Q$>NC_3^O(_JKZ//%;JT*V05WK#WZ?^%NTDO234E_B?
M8]>HHHKY8_I@***CN;E+.VDFD;9'$I=V/\( R30!YO\ '+Q,KW4.G*ZB.V'G
MSG(P&(X!],+D_P# A7R%^QEX@T[X\ZGXH^.#WUC>1^,+MM#\.,KJW]GZ-9SR
M10QYP"LEQ<>;<.A^;]["C#,0 Z+]O;Q3>?$70['X=Z;-/'K7Q@U(Z/(T4@$M
MEI ^?4K@$C@):!HE;M+<0CJ0#Y+\2?V(_'&L?M$:%JG@VR\"^"_ =KXBTK5=
M9T^UU6X8:Q'83Q20S+9BR6*WN@D?E[DF*NFT-G:K+SO5W+/7?$_PAO\ 7O'6
MO0R6:OX=O;&X,MU%:VXU"\>[C>&6W$LDC"6-5\IL2QQJGD0*#.,B*U:_#/4M
M2L;63R;JQO+.^:VL[B>.T$T%LN_=<E8ALBDDS(%,(#%9(?-0A9(QZE7@_P"W
MK^U=JG[)W@+2M4TNUTVZNM6N'LX4O(I)$,H"N/N.I V"4]>H'XU0HU:]6-"C
M%RE)I)+S:7W+=OHKLUIPYF]4K)MM[62;?X(]6\ RW.C^"XAJEI#HT-C$BQQ,
M8XQ;Q+&F0P1FC0*V\ *S#:JG.2:S_AM\??"OQ>\3ZYI7AO5K75KCPX8TU P2
MJWV=WW81AG<K?(WW@.AQG!K\VOC3_P %9?C%'\/;:YUCP'\+]:\-ZE?*NZ^T
M:ZN+>0H[R1*8VN2N]6B4AR<[DW!!U7WG_@D#^U==_M0Z]\2+F^\$_#WPI=6*
MV$DMQX:T@V,NHM(;G)N&+L9-NSY<]-S>M=F.X<S&C)U^>'LJ=U-1:E+GORN#
M:=H\K?O+5J2MHKGH93AZ6,R>KFD(R<4[1D_=37,ESI-7E&2?N/1-.^I]O455
MAURSN1&8[NWD$T\EM'MD!WRQ[P\8]67RWR.HV-GH:I:WX_T+PUIJWFH:QI=C
M9R3O:K-/<I'&TJ;PT88G&Y=CY'4;&]#7GJG)NR1YJA)NR1G>,O!UQXAU>W-O
M+-;J\]G-<3?)L"6UQYP0#&\LY^7J% 8GJ"K4]#^'C6,%Y92QW#:9>:?#H<<9
M,/F0P1+./-;: OS>8 % 8C@D#+*O4+X@LI+&WN([J&>&\3S+=H6\S[2NW?F/
M;G?E>1MSD5/9WL.H0>9#(DL>YDRC!@&4E6&1W# @^A!KS:F4T75]M).^OI9W
MNK=M7]_DK=2Q=6-/V?3]?\]%]WJ<DO@J]U*WN+V4RVU]=SI(D9,6Z%-L2GS=
MJE68>6&.TY^4*'QS6OX'M[ZSL;B"\AGA6"8I$96C8RCNZE225)Y!?YR<[NU;
M=>-ZOXO\5>)/C3=:;X,DN-5\SRT%O&!+#\J@,<MPBAB<ME1ZFOC^+N)L#PO"
MABJ\:E256?LU&%I3DVI.ZB[.5FE=*VZ\D_=R+)\3G4JM"G*,%"/,Y2NHI)I6
MYM;:7W[/U/JSX5:B-=\)7>EN?WMJ=\>?[IY'Y-G\"*^"?C3_ ,' /PW\&^*;
MKP_X'\(^,?'^LPS"VC"VYTZWGF/'EKY@:XW!OE(, Y'&>*^P?V</V;?$_@WQ
M?'XL\5>()I-4DMWA_LZ AXT5\$H[?=P",[8P!N4$,1P?5_"'PJ\+_#W4M4O-
M \-Z#H=YKEP]YJ,^GZ?%;27\[L6>69D4&1V8DEFR23DFOJN&LTQF98/ZUC<+
M+#-M\L)M.3CI:4E'X6];Q>JMJ95*659=B94ZC^M)):Q;A'FUNKVO)+2S5D_R
M_,K5/^"A/[9WQ(U-/^$)_99O- M54!T\1:=?2.Q..5D=K1<>VT_6N(_:8;_@
MH%^U9\&]0\%ZK\(=)T#1]:V"]?19(K:YN81R8&:6]DQ&QQN  ) VD[2RG]BJ
M*^AY4:T>)Z%"<9X?!TDXZIOFD[KS<C\6?V./A[^WM^Q+\.;GPGX9^$]GK&@R
MW1N[>VURY@N1I[M]\0F.\CV(Y^8KR-V6 !9B?7/^&A/^"B7_ $07P+_WR/\
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MO_1#?A=_X,;7_P"6M'_"T/\ @H[_ -$-^%W_ (,;7_Y:U^F=%+E1R_ZQ0_Z
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M(_99_;V_8V\$WGAWPW\+?#^JZ-=7'VJ.VUG7=.G6R<C#^5Y=_&5#\$J<C(R
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MCG)N,N27+!J^QZ!:_MN_#6]\-7VK1Z^QLM.$(E8VDJEGEW;(U!7+/\K949P
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M_O5U?I>YY.<4Z%.A!S@FE.DE;2S=6"3O;9.S:ZI6/5/^%&:K_P _.G_]]O\
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MJZBGLFVU>5H_''[+O_!"KX ?LX6MO<7_ (;_ .%AZ]'R]_XFQ=0Y( (2U $
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MFPRM+O$,*.H*#;O7Y@=QGTS]EVQTBS6SAU6Z^Q_:+&[>/R(U8R6FK/J<6TJ
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MR>./A%\5/AO-J6L?%#PQ^SY<13#Q?K7P_58]4L[O<%@,UQM,D-N"R9V$;P9
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M'WC2T %8/C>WW6\,O]QBO3L1_P#6_6MZJ>O6OVS2ID_V2PP.21R/Y8_&E+5
MCY7_ &5TD^''QQ^,WP]F:X^SVNNQ^,]'$K!E%CK"O+*%QT U*WU,XZ@.OJ*]
MTKP3]IA%^#W[1WPM^*B1;;":X?P#XCE2+)2TU*2(V4SMD86/48K>($\!;Z4U
M)XR_X*$>!OAC^U1IWPH\43)I.K>))(8- O(KR"\BU*:38H@DBB=I[60R.54S
M1K&^W(DS\HQW-#VS7= L?%.CW&GZG96FI:?>(8Y[:ZA6:&93U5D8$,/8BOSL
M^&/P_P#'_P !OV-[.30?#/BKPC>:I\09H/%-[HV@8\00Z%O<AX5:,N47(*L
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MSO'EY>6R;WLOIFN=^+/@&/XF_#W5-&8V\=Q=0,+6::,R);3@'RY"H*DA6P2
MPR,C/->/ZY\7?CKH^D>(%MOAO;ZMJ%GXMFBTU[>:V2&\T%5,B28DNT87#[1"
M2<!6D$@1U78WO&B:C)JVE07$UC=:;+,NYK:Y,9EA/HWELR9_W6(J<TRBG4P\
ML/BE&I3J)Q<;J2::U379IVU\SX'+\TDJRJT.:,H---IJS3TLWO:Q\1?\$K/^
M"C/B3P/\;]>_9P^/;PZ/XVT_49$\.7CH(;:Z5OF%DI(&0P(>W<Y\Q'VYW! _
MZ3U\/_\ !2C_ ()KZ+^W9X*M[_3[B#P[\2?#\>=$UO#*' )86UP5^8Q%B2K
M%HF)90071_-?^"=7_!7?5/A_XQNO@;^U%<#PGX^\.NEG8Z_J;".'4UQE8[J7
M[BR;2K)<9\N9&!)#X:6<+0I4*,:%"*C"*226B22LDET26B/M,RP<,XA+,\"O
MWN]6FM[]9Q76+>K6Z?D?I5138Y%E165E96&00<@BG5T'Q84444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M?_&J_/?[<\1O^A=A_P#P=+_(]/\ L_A/_H*J_P#@M?YGO7_"]?!'_0Y>%?\
MP;0?_%4?\+U\$?\ 0Y>%?_!M!_\ %5\\Z_\ L.: =%NO[,U#5UU#RR;<W$L;
M1%^P8",'!Z<'CKSTKEO@K^Q__P )3HUS>>*3J6FMYIBM[>$K')A20S-N5N">
M!TX&>017DXCC+Q#I8^EE[RJDY5%*2DJDG!*-K\TK:/5676ZMUMVT\@X5GA9X
MI8V:46DTXKF=]K+KL_2VO2_U?_PO7P1_T.7A7_P;0?\ Q5'_  O7P1_T.7A7
M_P &T'_Q5>"_\,.^$O\ G^\0?^!$7_QJC_AAWPE_S_>(/_ B+_XU7K?VYXC?
M]"[#_P#@Z7^1Q?V?PG_T%5?_  6O\SW/4OVA_A_HVG7%Y>>.?!]K:6L;33SS
M:S;QQPHH)9F8OA5 !))X %<E_P / _@+_P!%N^$?_A8:?_\ 'J\F\:?\$\_!
M/CKP=JVAWFH^)H[36+.:QG:&YA614E0HQ4F(@-ACC((SV-?/G_$.;\#?^AC^
M*'_@SLO_ )$K[7A7'9]7I3>?T*=&2:Y53DYIJVK;=K.YA6P'#"?[O$U7_P!N
M+_,^W/\ AX'\!?\ HMWPC_\ "PT__P"/4?\ #P/X"_\ 1;OA'_X6&G__ !ZO
MB/\ XAS?@;_T,?Q0_P#!G9?_ ")1_P 0YOP-_P"AC^*'_@SLO_D2OJN=&/U'
MAS_H(J?^ +_,^W/^'@?P%_Z+=\(__"PT_P#^/4?\/ _@+_T6[X1_^%AI_P#\
M>K\??VL?^"$7B;P-^TOX0\._#-M7UKP3XP<0MJFHA97\/NB[IS=/&J*4V NA
MVJ6/[L L 6^HK?\ X-R_@BEO&LOB;XG22A0'9=1LE5CW('V0X'MD_6CF1V8C
M)>'J-.G4>*F^=7244VNFJZ:_D?<'_#P/X"_]%N^$?_A8:?\ _'J/^'@?P%_Z
M+=\(_P#PL-/_ /CU?$?_ !#F_ W_ *&/XH?^#.R_^1*/^(<WX&_]#'\4/_!G
M9?\ R)1SHX_J/#G_ $$5/_ %_F?H?X*^._@?XD^#KKQ%X=\9>%=?\/V4QM[C
M4]-U:WNK."4!24>6-RBL Z'!.?G7U%+_ ,+U\$?]#EX5_P#!M!_\57A?[.7[
M"/@_]D?]CSQ1\/?#5_XBO-%U;4I-2FEU*XAEN5D=;="%9(D7;B%>"I.2>>F.
M+_X99\/?\_>L?]_H_P#XBOA>*LRXJP^)A'(<+2JTW&[<YN+4KO1)+:UG?O<G
M X/AZ3J?6L14C:7NV@G>-EJ]='>^A]4?\+U\$?\ 0Y>%?_!M!_\ %4?\+U\$
M?]#EX5_\&T'_ ,57RO\ \,L^'O\ G[UC_O\ 1_\ Q%'_  RSX>_Y^]8_[_1_
M_$5\S_;OB+_T+L/_ .#I?Y'?_9_"?_055_\ !:_S/JC_ (7KX(_Z'+PK_P"#
M:#_XJC_A>O@C_H<O"O\ X-H/_BJ^)=8_9SO8/B%!I]JTKZ3<#S1=L,F%!C<&
MXQN]/7(]\=E_PRSX>_Y^]8_[_1__ !%>/E?&OB%CJE:G#*J4/92Y'SU)13:5
M[QT]Y6:=UH[Z=3OQG#_"N&C3G+&SESQYERQ3LO/L]]-]#ZH_X7KX(_Z'+PK_
M .#:#_XJC_A>O@C_ *'+PK_X-H/_ (JOE?\ X99\/?\ /WK'_?Z/_P"(H_X9
M9\/?\_>L?]_H_P#XBO8_MWQ%_P"A=A__  =+_(X/[/X3_P"@JK_X+7^9]!^)
M/VVO@SX-U5[#6/BY\,=*OHP&>WO/%-C!*H(R"5:4$9'(XJA_P\#^ O\ T6[X
M1_\ A8:?_P#'J^(/C3_P1I^%OQV\?W/B36-:\=07UU''&Z6E]:I$ BA1@-;L
M>@]:Y3_AP1\&?^A@^)'_ (,;/_Y%K]0RW$8F>$ISQT5&JXKG47=*5M4GU2>S
M.26!X;O[N)J6_P "_P S]"O^'@?P%_Z+=\(__"PT_P#^/4?\/ _@+_T6[X1_
M^%AI_P#\>K\]?^'!'P9_Z&#XD?\ @QL__D6O-_VLO^"&'A?P+\"M;UWX;ZKX
MPU+Q-HL1O5L-1FAN4OX4!:2*-8H$;S2O*8)W%=N,L".[VB-,/E?#M6I&DL3-
M.3M=Q26O=GZI?\/ _@+_ -%N^$?_ (6&G_\ QZC_ (>!_ 7_ *+=\(__  L-
M/_\ CU?EK^S%_P $(/#/B3X,Z3J?Q,U;Q;I_BS4D^TSV&EW-O#%IZ-@I$_F0
MR%I .6.0 3M ^7<?0/\ AP1\&?\ H8/B1_X,;/\ ^1:/:1"MEO#E*I*F\3-V
M=KJ*:^3ZH_0K_AX'\!?^BW?"/_PL-/\ _CU;'@/]L+X1_%/Q7:Z#X8^*7PY\
M1ZY?;_LVG:7XDL[R[N-B-(^R*.0NVU%9C@'"J3T!K\W?^'!'P9_Z&#XD?^#&
MS_\ D6O6?V&_^"0_PS_9=_:E\+>.O#VL>-KK6-#-U]GBO[VVDMV\ZTF@;<J6
MZ,?EE8C##D#KT)[1,X\1@\@C2DZ->HY6=DX))NVB;OM<^[=6^+_A/0=1FL[[
MQ1X=L[NW;;+!/J,,<D9]&4L"#]:K_P#"]?!'_0Y>%?\ P;0?_%5Y)\4?V2_#
M?CKX@ZMJ]Y=ZU'=7TYDD6*:-4!P!P#&3V]:P/^&'O"/_ #_>(/\ P(B_^-5^
M5XW.>/XXBI'#8"A*FI/E;JM-QOHVK:-K=';A\!PO*E%UL354K*Z4$TG;5)WV
MN>]?\+U\$?\ 0Y>%?_!M!_\ %4?\+U\$?]#EX5_\&T'_ ,57S=XZ_8DTNW\+
M7<N@7FJ2:I"N^&*YEC:.;'5>$7!(Z'.,XS61\&OV.[?Q/X274/$TFJ6-Q=-N
M@MH"L;QQ^K[E)R>N.,#'K@?/U.-/$.&90RQY52YI1<^95)<B2=FG*UD[M:;Z
MI[:GJQX?X5EA)8SZ[.R:C;E7-=ZZ+MOKMH?5'_"]?!'_ $.7A7_P;0?_ !5'
M_"]?!'_0Y>%?_!M!_P#%5X+_ ,,/>$?^?[Q!_P"!$7_QJC_AA[PC_P _WB#_
M ,"(O_C5>O\ VYXC?]"[#_\ @Z7^1P?V?PG_ -!57_P6O\SW)OVB_A\K8/CK
MP:"."#K5MQ_X_1_PT9\/?^A\\&_^#JV_^+KX!U__ (-Y?@GXBUV]U"?Q%\35
MFOIWN) FI604,[%CC-H>,GUJK_Q#F_ W_H8_BA_X,[+_ .1*_6Z523@G4T=M
M?7J><\OR"^F*G_X+_P#MC]"/^&C/A[_T/G@W_P '5M_\71_PT9\/?^A\\&_^
M#JV_^+K\U/BW_P &Y?PW/PVUD^"?$_C>/Q8ELSZ7_:U[:RV4DPY5)0ENC!6Q
MMW!OEW;L-C:?+/V ?^""MA\7_A%=>(?C'=>,/#&JW5]-;6.D:=)#:S6T4,C1
M/).98I,EY%;8% &Q5;+!QMTYD=4,ER*6'EB/KDK1:5N377:RYM5H_N]#]7M?
M_;B^"WA67R]3^+OPQT^3G"7'BBRC8XZX!ES7SM\;/^#@7]G'X3VTRZ5KVM>/
M-0BD,7V70M,DVAAGGSKCRHBF1]Y&?@Y -<5X(_X((?L[^$PWV[1_$WB;*A0=
M2UN6/:>.?]&\GD^_'/2O=/@S^P5\&OV?I[:X\)_#?PKIM]9MO@OY+,75]"V,
M96XFWRCC/1N]+VB./EX?HZWJU7V]V"?J_>?X&I\6O'7B+]H+X.>!_$W@76I-
M*\*^,-.CO;DY\N=%E1)$1BOS!@"ZL@(Y4AJ\G3]EV+3KZQNK759&DMY(Y)4F
MB&V4A@3@@_+]#GZU]:0V"^*/"5YIC?ZP+NB/H>H_4?D:\D=&C9E8;64X(/8U
M^=9YX99#F^.GF.9PE5G*W+S3G:GRI:4TFE%-KF:UNV[Z.QI@>,LRP5!87 M4
MX*]THQ;E=OXVU>32=D]-!**XZ_\ $^I6\-UNO+6%]/MKFZ+&'"W#1OM P2<(
M/X@#N^9?F'=\WB;5)-DENT;S7ES=6D=J4&8O*$FUP>.3Y8SN(7YUZ?Q?5_VE
M3O:SOIVZZ=^[M^5UJ>!]3G:]U_7_  #KJ^7_ /@I5^S5X^_:0T/PQ:^$/LEU
M8:;--+>64MRL#/(P41R@MA6"KY@QD$;^ASQ[[X+\83:])MN$*LT:[2H&QF"J
M6/4GG<",97;M.<D@='7J99F7)..*H;KNC-QG0J:[H^&_V"O^"='B;X6?&-/%
M?CRRL;:/18RVFVR727#27#<"0[<@!%+$9.=Q4]JR?VT?^":/BWQI\;]0\1>
MK&PNM+UX_:[BW:[2W:UN3_K.'(!5S\_!/+,,  9^XOB'XGE\$^ =;UF"S;4)
MM)L)[R.U5BK7+1QLXC! )!;&,@'KT->,V'[5?C*]2\BO/ ]MIDT+*(9(+Z:\
M5RMW9PR AK>/ ,=WN4@G)B?( &:^AH9KCZE=XJ%KVY;=+>E[^9K'$57+VB]#
MAO\ @G3^PCJW[/\ JNL>)/&EK8KK5U#]AL;9)5N/LT)YD<L,KN?"J,'(4,#]
M[%>'_'7_ ()5>/K?XJZP_@S3[#4/#-S.T]B6OHX7@1SGRF5R#E/N@C(( .<D
M@?5=G^UGXCL=8T73KSPK#-)J-^;>:X>6:UW1OJTUBGD1^5()&CBC260,Z *P
M(X/'OE3+-\=A\1+$2M>6EMUIY)W_ .'!XBK"?,^I\%?L.?\ !.GQQ\,/V@-+
M\4>,K/3['3=!62>&);J.X>YG9&1,!"=NTMOR>ZKC/;[UHHKR\PS"KC*GM:MK
MVMH<]6M*H^:1T7PNT+^W/%]ON'[JU_?O_P !Z?\ CV/UKV:N1^#WATZ/X;^U
M2+B:_(?Z(/N_U/XBNNK&G&R,)!0>:*0<M^E:"%HHHH **0'FEH 9/"L\3*R[
ME8$$>H[UQ.I6+:=>/$W.TY4_WAV-=S67XHTC^T+3S$&9HN1[CN/\_P!:F4;H
M:.3HHHK$L**** "BBB@ HHHH *LZ18_VCJ,46"58Y;V Y/\ A^-5JTK*_P#^
M$;\-:AJ;+GRTVQ@_Q-V_ DBG'<#DOC#K_P#:GB7[+&V8=/7R^#QO/+?EP/J#
M7)4Z65II6=V+,Y+,3U)--K.3N[@5-<U3^Q=*GNO)>9;=&D95(' !)//TK)?Q
M^L<<T_V.9K59)[>%T==\TT+,C1[3C!8HVTY(.TY*\9W;RTCU"SFMYEWPSH8W
M7)&Y2,$9'M6=)X*TZ4S;H9-MP)@R"9U0&7F1E .%9CSN&""6((W-GBQ$,2Y7
MHR25NO?[GI;\3HHRHI?O$[_I]Z,R\^)7]F3-%<:;<[[6X6"\>([H8 ?).\,0
M-RA9PY.  L4Q_@PVWH6O6_B"S,UO)&^UMKJKAFC) 90P'W6*LK8/(#"F6OAB
MQM8YE6'=]HG6ZF9V+M+*NT*S$]2 B >@1<=!1X>\,67A6T:WL83#"=H";V94
M"HJ*J@D[5"J %&!WZDDYT88N-2]22<=?5=NFO2^W6Q525!PM%-/\'WZ_<:%%
M%%>@<IE^-O$__"&>$M2U9K66\33;>2Y>*-E5BJ*6/+$#H#7-3?'&WCM+N^CT
MZZNM-CN+ZPM9(77S[R\LVF2: 1OM"DM!*J,6VL8SDJ"I;K]:T>W\0Z/=Z?>1
M^=9WT+V\\>XKO1U*L,@@C()&00:QIOA/H-Q)>;K.3RK[[298%N95@#7&//=8
MPP57?DEU ;+R$$&1RP=5&5!1_>)W_3[_ .ORR-4^-#>'7DCU'1YK=K&Y$.H3
M)-NM;:,B%O-61E7< LX=LA0%@N#G$8W]-X4\5VOB_36N+62%MKE'C60,\71E
M#@<HQ1E;:>1N&:CL/ NFZ?;W,:PR2?;+F.\N&FF>1YY4$81F9B2<"*,8Z?*/
M>I/"W@S3?!=K)#IMNUO#)M&PRNZHJJ$5%#$[450 %7 ')QDDD"I*@X6BFG^'
MYFUIO_(1M_\ KHO\Q7KGC;_D(Q?]<_ZFO(]-_P"0C;_]=%_F*]<\;?\ (1B_
MZY_U-:1^%G)U,6JFNZHVBZ-<W:PR7'V>,R&-"%+ =>20..OX<9/%6ZCN[6._
MM)8)EW13(8W7.,J1@BIG=Q:CN7&R:OL<OJ_Q8MM CGNKRUFATJW9XWN@=Y#I
M;FX8[ /N!5*[LY+C&W!#&Q/X^FL1-'<Z;)%=6ZI/)$LH<"%]Y4[L<N?+9=G=
MAC."&JU<_#[2+VZ:6>T%P&8N8I79X2QA\@ML)*Y,64Z="?4U-9>#+"RLYX M
MQ,ETJ)*9[B29I$0 *A9F)VX'(Z'<Q.2S$^=&GC>9WDK:V_JW>WHKW;TMU.6'
MLK)W_KS_ *\B3P]XEM?$MO));21LJNRX$BLV S*&(!.W)5L \\<X.0-"L_1_
M"UCH-Y<W%K#Y<UY_K79V=F'F228^8G"AY9" .!O(&!@#0KNH^TY%[6W-UML<
MU3EYO<V"BBBM2 KD?$?Q3_L/Q/)HL>FS3:C,;>.Q5YE2.\>87#<L-Q1$6VE9
MB06PIPK':&ZZL;7O .E^)+W[5=02?:LP,L\4[Q21F!W>,J5(VX,D@./O*[*V
MY25H-:3@G^\1SD?QO%PUPT.CW3PZ4JMJK&55-J#<SVS>6,?O=CV\C-G9^[P5
MW,=E3:5\:[.ZUO\ L^\@&F7!D!Q<SJ@2%@^QGSC:Y9"OE\G(;!(5B+B?!;P[
M''"BVMTJQI&C@7T_^E!)C.OG'?F8^:SL2^XMO<-D.P-[7/AOH_B2YDFO+5I9
M9'WNPGD4L/+\LH<,/D*]4^Z22<9)-/0W<L->UG_7S]3<HHHI'&7-7_Y)AJG^
M]_5*\KKU35_^28:I_O?U2O*Z*G0 K$N?%\BZE)90V;-=?:/(C624*K#RS(7)
M&<# XX)R5R!SC;K/O?#-G?SF9ED69I!+YD<K(P8(4R"#_=)'X^O-<>(C5:7L
MG;77T^YZFM&4$W[1?\.9.G_$J'585N(+6X:R5X89G;Y9(99E1D39WQYB!CG@
ML.N#BUH/CNWUNYCMVC:SN&+JT,[JKA@3A0,Y8E07XZ+@GJ*FM? VEV+PF&W\
ME+?RML22,L1,:[8R4SABHQ@D$_*O]U<2-X0T]M22[^SXG1M^0[ .VYF!89PV
M&=B,YP3QBN.G3QR:<Y1?=?/IIV_7RMO*6&=U%/R_J_\ 6GSTJ***]0XPHHHH
M R_&'B7_ (1+1'OOLLUTD;JKK&RKL!.-QR>@]LGD=LD<V?C9 DZ^98O%;7UQ
M-9Z=,TG%S/%=+:;' 4^6'E<%"-V4#,0I&T]AJ^DV^NZ=):W4?FV\V-Z[BN<$
M$<C!Z@5BCX4Z&+N6;[+)OD\XKFXDVP--*LTC1C=B-C*BON7!#*""*#JHRH*/
M[Q._Z?>9;?&>.RDC%]IMQ:QQ3/:WDF_<D$P+J G ,BL4&#A3^^A^7+X7J/#>
MOP^)M%M[VWD@=9ERPBF298V[KN0E20>#@D9%4T^'VDC1Q8/:^?:^=+<,DTC2
M>;)+O\QF+$[L^8W!X&1C&!BUX;\+V7A*Q:WL8Y$21S+(TDKS22M@#<SN2S'"
MJ,DGA0.@%!-25%Q]Q-/^O,T*Z#X5_P#(^Z?]7_\ 1;5S]=!\*_\ D?=/^K_^
MBVJH[HYSL]=_Y#%Q_OFJ%U,UO;LZ1M,RCA%(!;\R!5_7?^0Q<?[YJH>152!'
M)_\ "V+=+/[9):3+81H/.E# M'(;87.-O=?+XW9SN*C!!)#]0^(\NCK<)=:3
M<+<VJ+<2QQR!U$++(P(; !<^6R[./F&,X(8WU^'VDHR_Z+NC5%3RFD=HSB(P
M@E2<%O+8J3U(QG.!B6S\%Z?9V]Q'Y<TPNQ&LS33O*\B( %0LQ)*@9RO0[G)!
M+,3Y<:>.ZS77\M.G>WX[Z'8YX;I%_P!?/^M-B70?$=MXAAD:WDC;8Q!0.&<+
MN90S#JN2K8!YX.<$$#0JAI'AFRT&YN)K6$QR71)D.]FSEY). 3Q\\LAX_O>@
M %^O0H^TY%[6W-UML<U3EYO<V"JFO:FVBZ-<W:6\ETUO&7\I&56;'7EB!QU^
M@[GBK=1W5LE[;20R+NCF4HXSC((P:T)C:^IY_'^T38"&>^FLIH=$LI%MKN\+
MY:WG:S2\ \L#F/RY%3>&SYA"[<986#\;)+*)AJ&AW6G7%JR27D<LZ,MI X1E
M<NN5+@.=R@X!AFPS*JL^K#\'/#L%\LRZ><*RR&%IY&@D=;?[*'>,MM9O(_=Y
M8'( SR 18T;X9:/H6DS6,,-Q)!<20R2_:+N6X>7REC2,,SL6*A8T!!.&Y)R6
M8EZ'9*>&Z1?3_@]?ZTVUO9\'>,K/QKILES:21D1RO&T8E5Y(\,0-X4G8Q SM
M;##." 00-:L?PKX!TGP7+=2:=:M#)=X$CO*\K;%9V6,%B2L:F1]J#"KN. *V
M*1RU.7F?)L6]#OO[.U..0G"YVO\ 0_YS^%<I\6/#_P#8WBF295Q!??OD('&[
M^(?GS^-=!5KQ=IW_  E7P^9E^:YTX[U]2 .?_'?U%/=6,SR#4/#>G:LUNUUI
M]E=-:3_:8#+ K^3+S^\7(^5N3\PYYIT.@V-MJT^H1V5I'?72+'-<K"HFE5?N
MJS8R0.P)XJW17-[&G?FY5??;Y?EH:>TG:UV5ET:S35/MRVMLMZ8A ;@1+YIC
M!R$W8SMSSC.,U9HHJHQ4=D2Y-[A1115""BBB@ K8\"^&&\5^((8-K?9T.^9@
M/NJ.WX]*R8XVED554LS'  ')->T?#WPDOA+05C8#[5/AYSZ'^[]!_C5PC=B9
MN1QK%&JJJJJC  & !3J**Z2 )P*%&T4G5OITI: "BBB@ -&:*0<&@!:"-PHH
MH Y?Q3HAM)3<1C]W(?G _A/K]#_/\*QZ[Z:%;B-E90RL,$$=17'ZYHK:3<<?
M-"Q^1O3V/O\ SK.4>I464:***S*"BBB@ HHHH 5$,CJJ\LQP!ZFJOQDO!IVG
M:;I4<@^4&:50.O93^)W_ )5N^%+,7&H&9_\ 5VXWDGU[?U/X5YOXQUX^)/$E
MU=_\LW;;&/1!P/TY^I-#TB+J9=%%%9C"BLGQWX\T?X9>$[S7->OX=+TG3U5K
MBZESLB#,%&< GEF _&N5\.?M4?#WQ=9?:--\5:;>0_8+G5-Z;\?9K<XFE^[]
MU#P:QEB*4)<DI)/M=7.ZAE>-KTG7HT92@G;F46U>U[72M>VMNVIZ!17EC?ML
M_"E==L],/C;1UO\ 4%@:WA)?=*)U1XB/EQ\RNA'^\*U1^U%\/SH>DZE_PE&G
M?8=<BOI[";Y]MREDK-=,O'_+)58MGTXS41QF'>TX_>O3\VOO.JIP]FL+.>&J
M*^UX25]&]--=$WZ)O9,[ZBO.[3]K3X:WWP]N?%47C306T"SG%M-=_: !'*1E
M8]OWMY )"XR0,@$5'J_[7OPRT+P3I?B*Z\:Z%'HNM2/%97/G[OM#IC>H4 ME
M,C=D#;D9QD4_KF'M?G6U]UMW]!+A_-'+D6&J7YN6W)*_-:_+M\5M;;VU/2**
MCM+J.^M8YH762&9 Z.IR'4C((^HJ2N@\AIIV84444 3:;_R$;?\ ZZ+_ #%>
MN>-O^0C%_P!<_P"IKR/3?^0C;_\ 71?YBO7/&W_(1B_ZY_U-:1^%BZF+116/
MXT\<Z?X#TZ.XU"20&XD\F"&*)IIKB3!;:B("S8568D#"*K.Q5%9A48N3LAFQ
M17R;X[_X*[>"?A;XGCT_Q+X7\5:+"&VW-Q++87 M/3<MO<RL<\8VY'.20*^D
MOA=\5?#_ ,:/!5GXB\,:I:ZOI%\,Q3P-N&>ZD=01D<'L0>A!KHQ&!KT$I58M
M)[/I]Y4H2CNCH****Y20HHHH **** "BBB@ HHHH N:O_P DPU3_ 'OZI7E=
M>J:O_P DPU3_ 'OZI7E=%3H 4445F 4444 %%%<!\<_VF/"O[.TF@Q>))-7:
MZ\3W3V6EVNF:3<ZE<WDRIO9%BMT=R0H)Z=C51C*3Y8J[$VEJSOZ*\O\ %?[9
M'P_\"_$3P-X3UK6+C2_$GQ$B6;1=/NK">*>0-@*)59/W#%CM"R[3N!&,@BL?
MQ!^W]\-?#>I>*X9KSQ%<6O@F2Y@UG4;3PUJ-UI]G/;+NG@-S'"T1DC7EE#<#
M/H<:+#U7M%_=\A>TCW/:**X7X5?M)>#_ (V^)M7TKPMJC:Q-H=M9W5Y-#!)]
MFC2[A$\ $I 1F:)@^U22H(SC(KNJSE&47:2L4FGJ@HHHJ0"N@^%?_(^Z?]7_
M /1;5S]=!\*_^1]T_P"K_P#HMJJ.Z [/7?\ D,7'^^:J5;UW_D,7'^^:J50!
M1110 45Y_P#M&_M%Z5^S3X2TO5M5TO7M9_MG5K?1;.STB".:ZFN9]WEJ%DD0
M<E".N<D<5YWJO_!2?P+:^$="U33]'\;:_<ZUID^LR:7IND>;?Z59P2/#//<H
MSJJ)'*CQDAFRR_+N'-<E7'8>G)PJ22:UL>Y@N&LTQ=&.(PU"4H2;2:VNDV_3
M1/>RT9]"45Y'X0_;:\!^-[KQ8UC>W;:7X.T*U\27NJM#_HDEE<0O,CQX)D+*
MB-N5D4@\<FL'PM_P4&\,^)/"_A?5YO"OC[1[/QAK$&C:4=1TV*'[4TT#3QSJ
M1,5:$JI!922#QMI?VAAM/?6M_P ';\]"EPOFSYE["2Y;7NK6YH\RWZ\NMMTM
M['O5%>,^&_VX_"7BGP!\-/$=O8>(%L?BIJO]D:2DD$0E@EW2KF<"4A5_=-RI
M<\CCT=:?MR>#;GXTQ^#'M/$=NMSJ<FAV>O36&W1K[4HP"]G'/NR90=R\H%+1
ML Q.,GU_#V3YUK:WS5U]Z:$^&<U4IQ]A*\>9O3;D;C+[FFFM]'T3/9****[#
MP@K3\+7HM]1\I_\ 5W V$'IGM_4?C692HYC8,O#*<@^E"T8'%>,M"/AOQ)=6
MN"(U?='GNAY'^'X5EUZ)\7-+&KZ%9ZQ&/FB_=3?0]/R;(_&O.ZF2LP04445(
M!1110 445TGP[\!R>+M0\R562PA/[Q^F\_W1_7T'X4TKNP&Q\'?!37-VNK7"
MD0PDBW4C[[="WT'\_I7IE-@@2VA2.-52.,!54# 4#H*=73&-E8S"D8\>]*3@
M4B\\_P"15 *!@4444 %%%% !01D444 (#V_R:6@C(H!R: "H[JUCO8&CD7<K
M#!%244 <;K6B2:1-_>A8_*W]#[_SJC7>75JEY T<BAE88(-<KK7AN73-TB9D
MA]>Z?7_&LI1MJBDS-HHHJ"@HHJUHMC_:.IQ1'[N=S?0?YQ^- ">,]0_X1;P
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MJ=;6T=G;I%#&L<<8VJJC 45)71&-B&PHHIN=Q_G5"#[Q]A^M.H'%% !1110
M4444 %%%% !01FBB@ !S10R[J0''WL4 +0R[AS110!AZQX16<F2UVQMU*_PG
M_#_/UKG[JUDLI?+E1HV]#WKO*BN[**_BV3(KK[]JF44RE(X2M2VO5\,>%;[5
M'V[PNV('N>@'XL?TJ[>^"5)_T>;;[.,C\ZYKXRFZBL+.S@MYOL,"^9)*%)7=
MR ">W<\]<BL[..H'GLLK32,[LS,Y+,QZDGJ:;116)057UC1[/Q#I%UI^H6MO
M?6%]"]O<VUQ$)8;B)P5='1@0RLI((((()%6** .-TO\ 9S^'NB>'-4T>R\!^
M#;/2-;V#4;&#1+:.VO\ 9]SSHPFV3;@8W XQQ4;?LT_#EGTAC\/_  26\/RF
M;2R=#M<Z;(7$A>#Y/W;%P&RF#N /6NVHHNP.:E^#/A"?X@+XLD\*^'7\4*<C
M5VTZ$WP/E^5GSMN_/EY3.<[25Z'%9V@?LU_#OPKI^H6FF^ _!MA:ZL8C>P6^
MC6\<=UY4GF1[U"88))\Z@\*QR,'FNVHHNP,36_AKX=\2^';[1]1T'1;[2=4F
M^TWEG<64<EO=R[Q)YDB$;6?>JMN()W*#G(!K.T7X#>!_#D-G'I_@WPK8QZ=L
M-J(-)@C^S%)FG0IA?E*S.\@(Z.[-]XDUUE%%P,=/A[H$?BAM<70]'76GD\YK
M\6<?VHOY0AW>9C=GRE5,Y^ZH7H,5L444 %%%% $VF_\ (1M_^NB_S%>N>-O^
M0C%_US_J:\CTW_D(V_\ UT7^8KUSQM_R$8O^N?\ 4UI'X6+J8M%%% PHHHH
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MVC<W4XZTM% !1110 ,H8<C/UHHHH 0(JL6"@%NIQUI:** "BBB@ J]JNF_\
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M))XK\4:/'XDT;3- UK3;!;,V^IV5C>7=TD3-+!))'YAO9XI&C=6\M_D,;A9
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I** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>tm214268d1_20-fimg011.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg011.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!"P*$ P$1  (1 0,1 ?_$ ,8  0 " P$! 0
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MD_*U]':PW%DV2-DL<O$IF;*^4YAPMH/3L06*@(" @(" @(" @(" @(" @("
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MC.[L@(-^@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @JW4>]6\O-)YZU32W,L=+Y0DGTT7CH3=227T
M+09IS&'L'!@SC=%7.V[!E(>L'?EROI^F:0S5Y+N\U&^T2+6Q+96$SFS6Y%))
M6PQF9T="'.<''=;B31!/-)U>QYAT"TU72KEWF6IV[+BSNF- >&2MS-=ED:X!
MPKL<WV4'/W*'?ES]J'+FEZEYU;ZIKMUS+]#/Y?9 P&2QR-+KAHBI+$6$FLCB
M6=807KI?.>BZIJT^F69EDDMY;B!T_#/ ,MFYC+B,2; Z-\C11U,V.6H!(#;7
M]T+.QN+LQOF%O&^4Q1Y<[\C2[*W.YC:FF%7 >%!36K]]>O7'=QRMSG86ITN/
M6==M[*:.5L<['6,T\S#ERN>_.UD0J:-WJT%$$RT[OHY$O^6[[F"*XN([73[X
M:5<6LMO*R[\]<YK&0-MR.(7N=( !3KK2AH'IJ_>]RCI.DOU2]-PV&WU+Z&OH
MFQ!\MM>]$<S6N- X4+7MJT@@@XA!]V_>URC/+K,#73LN=#U"#2;N!\8:YUY=
M2\*&.(EV5V=_X1(:!B2 @:IWM\G:;I;-0N)+@"1E](VT,#X[GAZ62V]>8I>&
MX"&F/2?P04&'JO?AR)IOT$9)+JXCYEM'7NCOM;:2<S1M;G+ Q@,@DV#+EVGV
M4&PB[T.4[S0=#U6RN9IHN9WF#18H(BZYDD:U[I*1.&'"$3B\NP%.FH!"'=SO
M?#>:]RNZ\YBE\[U*ZUR[TK28;6)K'S1VUNVX[-6-JV,/<2:5P Q(""47W>/!
MI_,7+$$S72:)SD#%I<[HW0S6]TV,2-CG9)E=EF:< 6A['X$$'="<(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @HG3>0.9+7ESO.Y @9!%?<R:C=ZAH5S>R/CMYK34&
MQMD<)(XYG%\ 80YN6M:5HUP<@^;#N?[R[2;29LNBO=IW*,W*KV^>W0#I7E^2
MX!\R[-,E6[=N. J%E=WW+_,?*_=KI6A7$=G<:WI5GYLQD=Q*+65\=1&3,8.(
MP/%"[R)R_P ;I"/=PG=YS?R%R_J.BZ^=/F9<7LE_;W-A//*:S-:UT;XY8(,N
M7A@AP<:UV"F(?=CW9:[IW/NK\U:3<6FF2:A;7C9&0.G=!>W<SZVDUW:$"-CK
M=HWWQO)E))HS',$XTNSUF3EJWL]?FAFU>2U;%J4]JUS873.9ED=$'8Y<U:5I
M[ V(*@_8WWB0]VG+/*,=QI%Q/RUK4.HP3.EN862VUM++,T.<(9CQ)#+0@-HV
MFUR#RTCN*YS9::Y)J%QIL>I2\TP\X:&()[B6 W$4CWFVNLT$+FL+79<[,QQK
MEPHX-ES#W':UK7*G,;77MM;<SZ_J\.N"(.DEL89+6C8K8RY(Y7M+ <TG"::G
MLX8AXZ7W,\V.FYX9S%#HNJV'-MW%?FV$MU&"Z)K_ "5>%G@.=[<LS'O+:5RG
M8@\KWN,Y\O>5]%Y>N^9X[RTM;35H+_ST2W#FNOH#':-B><CYFVU:#B%NP.#:
MAK6AC0]RO>)9W/=Q<V\FD7#^2;&XMKMLES=0B:2X#F>3I;2[K&93F-,QK@U!
MF\N=S/.VC<L<@B&[TUO,_(]Q?</-)<2V-Q:ZD7":I$<,K9&L?NC+2HVXX!CZ
M5^[]J]KR%>\N:J=,UJ2XU.YU:!N>YL70SS"-C'PWC&SR1N8&%WP+@>R0:Y@&
M?J_(NNZCJ_=ER\^]?J\W)T[-2YCUF0G!T$;3 QSG$ESYG[&XNRC,[K(7,@("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @("#2Z;J]Y-S+JVEW!9PK.*VFMP(98GD3F4
M..=[G,E:.&T9F4HZH(V((O!S_KLVHZ38B.U8[F&(7&G2&.4^:L$CLS;AO$'$
M)C #2TLWJX(,C3^\&_O1IEPVWBCMIX-*DNXBUYD<_59I;<<)]0 R)\0=4M=F
M;[W:@^^:N?-0T.>]NFP12Z;IES;VES;D/%Q*ZXAXN>*0'* TO8,N0UH[$(/E
MO.>NN<=.I:C4Q>-M?.^%+YME=I9U&O#XF;-5O#^$V;W\5!+=%U$:GH]CJ38S
M$+ZWBN1$34M$K _*30;,R#)=,P9JAV[0&C7';U4&/M('&94X.P.4[CMI]K[J
M )F$TH[;E[#MON;/"@<9E0*.Q.7L.VCVMGA0!,PTP=O5IN.Z.O#! $S" :.W
M@2-QW1UX8( F8:8.Q!.+'# >U]Q X[.I^S-V'[/<V^! ,S!7!V S=AVP^UM\
M" 9F $T=@ <&..WVD S, =@[=I7==T]6&/M('&94BCL" =UW3[2 9F#H=MR]
MEQQ]S9X4#C,J!1V)R]EVWW-GA0!*TTP=O$@;KNCKPP0&S,=2@=O5I5CALZZC
M! $S#3!V()&XX;/:0..SJ=LS=AVSW-O@0#,P=#NSF[#MGN;?!M0.,RA-'8 '
ML.V'VON(!G8*X/W:$[CSMZL,4!TS&YJAV[0&C'';U4&/M(!F8*X.P.7!CCC[
MFSPH'%9U.[67LNV^YL\.Q $S#2@=B:8L<,1[(0&S,=EH';U:58X;.NHP]M $
MS#EP=O5(JQPV=>&"!QF4!H[$%W8=L'M;? @"9AZ'=G-V7;/<V^#:@<9G4[9F
M[#MGN;? @&9@S8.W:$T8X[>K#% =,QN:H=NTK1KCMZJ#'VD RM%<'8&AW7=/
MM('&96E'=K+V7;?<V>'8@"9AI@[$Y<6.&/N;/"@"9A(%';Q(&X[HZ\,$ 3,(
M::.WJTW'='7AA[: )V$ T?B">P_H]I $S#T.[.;L.V>YM\"!QV=3]F;L/V>Y
MM\" 9F"M0[  X,<=OL! ,S '&CMVE=QW3U88^T@&9@)P=ND [CNGJPQ0.,RI
M%'8'+V7;3[6SPH'&96E'=K+V7;?<V>'8@<9E1@[$T&Z[:/:0!,PY<';U:;KA
MLZ\,$!LS'4H'8U(JUPV==1@@<9F&#L1F[#M@]K;X$#C,ZG=G-V7;/<V^#:@<
M9E*T=@ [L.V'VMO@0#,P5P=N@$[CNGJPQ0#,P5P=NTKN.Z>K#% =,P5J'8&A
MHQQV^P$ S,!I1VW+V';?<V>% $K#3!V)R]EVWW-GA0&S,=2@=O$@58X;.NHP
M0!.PTP=O5IN.Z.O#! X[,,'8@GL.V#VD#C,I6CMF;L.V>YM\"!QF4V.V9NR[
M9[FWP(!F8*X.P )W'=/M(#IF-K4.W:5HUQV]5!B@&9@K@["@-&N.WJPQ0.*W
M'!V!R]EVWW-GA0!,PG8[;E[+MON;/"@"9A(P=B2!NN&SVD 3,-,';U:;CNCK
MPP0.,R@-';P)&X[HZ\,$ 3,-,'8@G%CA@/:^X@<=G4_9F[#]GN;? @&9@K@[
M 9NP[8?:V^! ,[ #@[  X,<=OM(!E:*X.P&;LNV>Y]Q XK>IVRO9=U5ZD& _
MES271W#!$YANI&RS2->_.2R7C-#7$DM:)"796T%2>LH//U4Y=_M)%A&U]VYK
MII&U:^K'F5F5X(<S+(]SVAI%'$N&)*#(&A:.+BUN&V<;);-C8K4M;E#&,#FL
M:&BC:,#W!F&[4TI4H,>WY3Y?A?:R^9LEFLV!EO+-61S0 YK3O5&9K9'M:[:&
MN(&!(0?OJMR_YA]'^8Q^:9^)P\:YLG#KFKF^"\G2O8W.S@@VC6M:T-: &@4
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M-_YZSS4/X>>CJYLG%IEIF^"\IL[&_P!G%!LVN:YH<TAS7"K7#$$'I"#]0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M"P4Q=NUIONZ>O'%!5O?@P-;H@%:#SK:23_L>DU5_ \O4Q=K_ +>OY*L5]BB
M@F?=*P/YPC::@<"7LDM.P=(H56Q>@T-F>;U2O(Q--<78C+VG;/=^ZLIZ0X3>
MMVRG:=U4ZT'V@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M7K5/<E>M!]+Q_%GW0EIN2O6@^EX_BS[H2TW)7K0G7<SJ#)^=XHPP@^;S&I\
M"KXN?T+&&V;5<UYTS$K^66T1!K-,UB6\U35K"2!L7T9-%&R1LA?Q&RPME#B"
MUF0C/2E3[*"+Z;WFSW^L:II3-.BAN[._9I]G:7$\\%S(7\1PN)HI;5@C@?'
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M.(P)Z$#CPUIQ&US9*5':ZO90!/ :4D::G**$;>KV4 3P$@"1M7$AHJ,2-H"
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MBW\T[=/S;R6RM,>WO(-W;V\%M;Q6\#!%!"QL<4;11K6,%&M Z@ @]$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M"O>^^:*'E2T=([*TW\8!H3CP9NI6\'IST*./N*[VB(HBV;>]2'TC9_&?<=_
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MCZCR3A4D$U;AX3O( D>0WR3A6M15N%.O>Z? @"5] >$\8$TJSHZ.UTH D?\
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MR"K"02*D5H:T-.CK'2@^D!!\Q11Q1MCC%&-%!4DGV234DGI)0?2 @(" @("
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MU>V>]%OS%Z_93W'"9U)NRXU>V>\WYB]?LI[CA,ZDW9<:O;/>;\Q>OV4]R?\
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M$N&<M!H7!NV@)VH//Z1T_P V\Z\YB\VS9./G;P\V;)ES5I7-N^R@R$! 0$!
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MA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\VA\5
M]5.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5
M_0]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C
M\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5_0]C\VA\
M5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\VA\5 ]5
M.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5_0
M]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\V
MA\5 ]5.5O0]C\VA\5 ]5.5_0]C\VA\5 ]5.5_0]C\VA\5 ]5.5O0]C\VA\5
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M=O\ N/YQ_&SH)GI/VTY8^R/U!'\D^M=COJS_ *=[WVT%B(" @(" @(" @("
&@(" @__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>tm214268d1_20-fimg012.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg012.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!0@*O P$1  (1 0,1 ?_$ ,X   ,  P$! 0$
M       #! (%!@<!" D! 0 " P$                $!0(#!@$0  $"! ,#
M!P8)"08#!00+ 0$" P 1! 4Q$@8A01-1<3)",Q0'82)2<C05@9&Q8B-#4S46
MP6-STR25-C<(\+)49"5EH9)5\8)$%SC"@Y1UX:*3LX2DM$565QBU$0$  @$"
M @4'"0<$ @,      0(#$002!2$Q05%A\'&!D:$R$['!T>$B0E(4!O%B<I(S
M5!6"HB.CPD-3@Q;_V@ , P$  A$#$0 _ /U3 $ 0! $ 0! $ 0"JJDIJNG73
M532'Z=T2<:< 4E0\H,!^;?Z0''*VY:S>KGG*M^AJ&&J-=0XMY3+:B^%!LK*L
MN;*)D8P'Z"U1JFPZ6LE3>[[5HHK;2B;KRYF9.Q*4)$U*4H[ D"9@-!:/%C3E
M9J&DTW<:>LL-_N+":JV6ZY(;2NI84%*"VUT[E0T.S5-"UI7LZ,!HK]_49X>6
M5YY3_>ZBUTMQ-HK;O3-M.4[%8E!6IM;9=35$!*%>>AE23(R)@+]=>-^E-&7F
MQ6RYTE?4_B%*%6ZLHVFG63G<2CS@74/3&=*O-;.P[)G9 4Z:\9-'7RLU!0*[
MU::_3*5O7:DN309<;IVQF54#(IQ);EY<PWI&R OTGXC6G5"*5^WT=8W;[B'5
MVJXO)9X%4VR<JUH+;KBV]HZ#R4.8^;L,@MUWJA&E=&WG42FN/[KI7*A#!.4+
M6E/F()W!2I" \O\  #O7B#8:_7FL5FY7&Y53U-24+A5W"DIF0E(334JBIM*B
MJ<W#-?EZ4PU/AKKS4&FO&W47A9=*VIO%J2'*C3RJESC5+1#2:I%.'G5 J065
ME(SJV%(E($P'9T']0>EJ[1E\U8Q:+MW#3M4*2Z4RFZ05"%; 5I3WG(I"2H R
M7/R2@-U4>+VD*;1UDU34J>8I=1*9;M%&XEM-0Z[4;4-F:^"@RQ4MP(&]4 C3
MWB3IK7MFU1143%335EEX]#=[;6H0EUIS*XCI,N/-*!4VL H<.$!X)I#4#/\
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MBJ3F 6K*A.PA1W!Z%=?$JW6I%KIKA;:UG4-Z<4U;-,@T;EP=*"<ROHZA=*E
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M)2\E!4DH<'G#9.8Q!@/5H @" ( @" ( @" ( @" ( @" ( @" ( @" ( @"
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M/3&/J)P@&0"ZB?#&/31AZX@&0! +:GQ'L>F,?43A ,@%U,^[.RG/(K#'" 9
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M=GQ&<>F</45C ,@" GI9\>LG/MA*>'8MX0%$!/7SX"93'TS'1Q[9']C 40!
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M48!6WXX"B GJI<>DG*?%,I@DSX3F$M_/ 40! 3T,N J4I<5[H@@3XJIX[^6
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M<.2U>_I=!S"TY]GAR]M-<=O_ !]CTV);GRJ;LSATW,/7, V 4]VC&'3/]Q4
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MCTUX[.N8!D M\30,>FC#;UQ ,@" 6T//=QVK&/J)P@&0"WQ- QZ:,-O7$ R
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M4N<N$!3 $!-;O9U_IG]P'UR^2 I@)JOVBB_3'<#]2YRX0%, 0$UN]G7^F?W
M?7+Y("F FJ_:*+],=P/U+G+A 4P! 36[V=?Z9_<!]<OD@*8!3W:,>N=WS%0#
M8 @)J3VBM_3#<!]2WR8P%,!-<?9T?IF-P/UR.6 I@" FI/:*W],-P'U+?)C
M4P"JGLQZ[>Z?7$!]IO9VO43OGNY8!D MWIL^N=\NHKXX!D!YUXWT98TY1:KI
MTYJ[2M=3W!E.];?%2AUHG<E04"?5B+NH^S%NVLZKWD%]<ML,^[FK-?9T3Y=[
MN[564];;V:VF6'*:J'&9<!F%(<)4DS\H,28G6-5+DI-+36>N)T51ZP+=[1GU
MSOEU%?' ,@" 73]F?77OGUS ,@%U'9CUT;Y=<0#( @%M=H]ZXWSZB?B@&0"Z
MCLQZZ-\NN(!D 0"VNT>]<;Y]1/Q0#(!=3[,[ZBM\MW+ ,@" 6GVE?J(W^56Z
M 9 +J?9G?45OENY8!D 0"T^TK]1&_P JMT R GN0G;JH3 ^A<VDY1T3UMW/
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M<Z,M\N6 I@" FM^7@*RREQG^C,"?&7/'?/'_ (0%, MV7$9G+IF4Y^@K" 9
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M $ NG[,^NY_?, R 74=F/7;_ +X@&0! +9[1[UQ_<3 ,@%U'9CUV_P"^(!D
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M']0UBU\>:/\ VXXF?/Y:/37.FUZYWRZJOCB6YYG $!@QT#ZZ]\^L8#. P?Z
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M)&!'2YSS0#X!;\\@E/IHP$^N.6 ^4LNZLRPR)PPP'+ -@%/2XC'KF7_(J ;
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M0$KDO>E/A/@/2QGTVO@@*H @);5+W71RE+@-RRSET!A/;\<!5 2N2]Z4^$^
M]+&?3:^" J@" EM4O=='*4N W++.70&$]OQP%4!+62[Q0SE/CJE.?V#F$ORP
M%4 0$MMEW=<I2X]1A/[=?+ 50$M9+O%#.4^.J4Y_8.82_+ 50! 2VV7=URE+
MCU&$_MU\L!5 2UDN\4,Y3XZI3G]@YA+\L!5 $!+;9=W7*4N/483^W7RP%4 I
MZ7$8PZ9E_P BH!L 0$M'+O%=*4^.F<I_8-XS_) 50$MREW=$Y2X]/C/[=')
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M NIEW=V<I9%3G.6'D@&0! +3+O"\)Y$<L\50#(!=3+N[LY2R*G.<L/) ,@"
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MM^7=R[H!D 0"TG]H6/F(W^56Z 9 +J#*G=/S%;\N[EW0#( @%I/[0L?,1O\
M*K= ,@$7 RH*DSE)I9GFR=4];J\\ ^ (!"#^WO">#31EFGBISJ[N??\ ! /@
M$7 RH*DSE)I9GFR=4];J\\ ^ (!:C^T('S%[_*G= ,@" 1;S.@IC.<VD&>;/
MU1UNMSP#X!"S^WLB>+3IEFE@IOJ[^?=\, ^ (!%O,Z"F,YS:09YL_5'6ZW/
M/@$+/[>R)XM.F6:6"F^KOY]WPP#X @$6\SH*8SG-I!GFS]4=;K<\ ^ 0L_M[
M(GBTZ99I8*;ZN_GW?# /@" 1;S.@IC.<VD&>;/U1UNMSP#X!%29/4FW%TCI9
M?JE[NMS?#N@'P! (H3-E6V?TKPZ6?!U6_P#)NP@'P"*DR>I-N+I'2R_5+W=;
MF^'= /@" 10F;*ML_I7ATL^#JM_Y-V$ ^ 14F3U)MQ=(Z67ZI>[K<WP[H!\
M0"*$S95MG]*\.EGP=5O_ ";L(!\ MT^>UY5G?+J*^. 9 :FGU"FIN-714M!4
MOIH:@4M55)+"6D.%MM[!;J7" AY),D& >Y5/TYJEM4KM:KCI3PF5M9@"R@S^
ME6TE(\DY[]\ BSZDIKG<;A;A3O4M;;.#WME[A&7>$E;<E-..IGE3,B?) 7UQ
MDRG;+Z5D=+)BZG?^3?A /@" 13&;U7MP= Z6;ZI&[J\WP[X!\ M\R0/71OEU
MQ %-/NS4\<B=TMW) ,@%NSXC/KF>R?45\4 R (!=//AF?IKW2ZY@&0&HU#IZ
MW7FG[M5!Q'&"VB^PHMNI2IM0FE:=H*3M'EBOWG*\&XM6V2L3:OET]\=J5MMY
MDPSK7U3TP\_TCJ*ZZ#O#.AM8/%VVN'+IK43@(;>2=HIWE$D)6F<A,^3#*8SQ
M6G%/!;J[)76]VU-YCG<X(^W]^G=^]'AY=[U>)KFRZ>?#,_37NEUS ,@%U$^&
M)>FC=/KB 9 $ MJ?$>]<2V2ZB?C@&0"ZB?#$O31NGUQ ,@" 6U/B/>N);)=1
M/QP#(!=3/NSLL<BI;)[N0P#( @%IGWE?)D1N\JM\ R 74S[L[+'(J6R>[D,
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M@&0! +8$D''IKQV=<P#(!;H\]K'8LX>HK& 9 :;5NDK+JJR/VB[LAUAT$MN
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MX!%P!505*1,DM+ R@%71. .)@'P! +4/VA!V]!?-BF 9 $ BW@IH*9)F"&D
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MY-=W-G(AA]^9R%](25*R.+XJ9$?2!*C.42W/-@U:K6U6+KFJ-ANM<GQ*I+:
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M'?/& H@)ZK+QZ.<I\8Y9@DSX+F$M\N6 H@" GH,O 5EE+C/=$$"?&5/'?/&
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MT[B>.E(>4%!#BDJR32,NP9DC A0!@.%_IN9:8\'K,RTG(VT_<D(3M,@FY5
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M"HH?*^J6P'ZASEP@*H @);:0:=<OMZC<!@^OD@*H"6L(%10^5]4M@/U#G+A
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MZ H@//+);'[?XS77B7"JK37V=-8M%0ZI3;6:M6AMIEKH-H;;2$^:)DS4J9,
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MR@B*/D'Z?OL\MLE[>$:=L=\H6]WT9:Q6(\[HHZQ5L' <[7K&>R?55OW<\!G
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M614YSEAOEM^* 9 $ M,N\+PGD1/&>*O@@&0"ZF7=W9RED5.<Y8;Y;?B@&0!
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M"ZB7#$Y2SHQGZ8Y( I?9FO43OGNY8!D MWM&?7.^745 ,@" 73]F?77OGUS
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M7,O^14 V (!5-+AF7IN8>N>6 ; *>EQ&/7,O^14 V (!5-+AF7IN8>N>6 ;
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M V0#OPW;OMJ[]X5OZZ ^'3-M,INUI*=HG7UNP_\ VWE@/OX:MWVU=^\*[]=
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M5+S;*GG3]6T%E.=6W!.V 9772V6]+:Z^K9I$NK2TTI]Q#04XLA*4)*R)J42
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M;G[3[%VCGW#_ )3_ !/YW) =CX)?<+WW]]7_ !;]\8KQ_P K]CY<\!TOB+_
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MA;_/JP^T??B/O+VKMC[1^>Y?G0'ZNT;_ #EOGM73K/:/NGI-_<W^8_ZA^<G
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M&_ZPOYOJ[?[OI>V[/K]A\SE^?F@/2[M_+?PZZ7\/L^S>Q]%G[_\ ]I^V^=.
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2O_AO9O\ \+V?_P!U_P"S ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>tm214268d1_20-fimg013.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg013.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!,@*, P$1  (1 0,1 ?_$ ,<   ,  P$! 0
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MP! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $
M0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $ 0! $!
MYJY;CLOWFIO-KNU?8;E7(:;N#]!V58J P"EK:-UC%6W- 40%)2#+3 7V+=F@
ML[E74-K=JKC<5(7<;C4J"GWU-(R-E60(;2$HP"6T)2."9,!MH @" ( @" (
M@" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" (
M@" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" (
M@" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" ( @" (
M@" ( @" 72O%^F9>*<A=0E91.<BH3E/P0#(!:7B:EQG+((0A87/25E0E+P9/
MTP#(!=0\66PL)SDK;1*<L%K""?%FG ,@" 73O%YLK*<A"W$2G/!"R@'QY9P#
M(!:GB*EMG+,+0M97/04%(E+PY_T0#(!=4\6*9YX)SEI"EA$Y3*1.4_# ,@"
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M<J6=I-2R5:,J4AZ1KK'L.>/V$P#(!;O6,X<\_L*@&0! +I^K.$O/7X.>8!D
MM7O+>',7CXTP#(!=3[L[A/S%8:=4 R (!;76/8<\?L)@&0"ZCJQA/ST>'GB
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M-<9=G1.77,:9_;(X("F (":W2[.N4NN?T3^V7PP%,!,Y+XG3Z)[%[AGRVO%
M4P$UTE\,JYREL7)SG+D'3+'R0%, 0"F>L?Z8_83 -@)KC+LZ)RZYC3/[9'!
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MH!\ 0"+>2:"F),R6D8E6<\D<X<KC@'P$&8_'LLS+LL\NT$NLT[+3_B\4!10
MBAIP000TB8("3R1I2,!Q" ? (0#VYXR,MDUC(2Y3G.TGB@'P"*T$LID"?6M:
M %>U3J/TZH!\ 0"*($,JF"/6NZ0$^U5J'TZX!\ A8/;F3(RV3N,A+E-\[2.*
M ? (KP30U  )):7( !1Y)T).!XC /@" P;Y;O2&J7-3 9P"*T$LID"?6M: %
M>U3J/TZH!\ 0"*($,JF"/6NZ0$^U5J'TZX!\ A8/;F3(RV3N,A+E-\[2.* ?
M 85&+#G15H$]7 8#. (#!OEN](:I<U,!G 8.<MKI'5/FJ@,X @,*?!AOHITB
M6K@$!G 8*Z]'15J\*=< /O-,,N/O*"&FDE;BSH"4B9)XA"9>UK,SI'.7,N[N
MCJ]Y;Y=^\6X JI:U"Z/==EP K:HFU*2IS(9A*G2GZ=1B)@B;6G)/N]B_[K>N
M#%7:5YUXY/7;R]>G[GW?.H_HKO%M6]J0?A&\62T7U(T)=&-*_P 8 (5]4'68
M99^G>+>%N$O=C7^[VM\'Y\7QT]GYH]/%T^);GF#?+=Z0U2YJ8#. P<Y;72.J
M?-5 9P! 8,\@])>D2YQX(#. P5UZ.BK5X4ZX#. PJ,6'.BK0)ZN P&< 0&#?
M+=Z0U2YJ8#. P>Y Z2- GSAPP&< 0&#/(/27I$N<>" S@,%=>CHJU>%.N S@
M,*C%ASHJT">K@,!G $ BG!#U5@1-T2F )^J1H(T\9@'P"*@$O4N!,G3.0!EZ
MI>DG1QB ? $ B@!%#3@@@AI$P0$GDC2D8#B$ ^ 0@'MSQD9;)K&0ERG.=I/%
M /@$5X)H:@ $DM+D  H\DZ$G \1@'P! (IP0]58$3=$I@"?JD:"-/&8!\ BH
M!+U+@3)TSD 9>J7I)T<8@'P! (H 10TX(((:1,$!)Y(TI& XA /@(<JOCF:2
MLO999LB<L]IHS\J?@T0#K=+X?3992V2)900)91H"L?+ 40$Z)?$'M$]DU/ S
MEF<TG1 40$]=+8)G*6U9Y0)$]JF6C]$!1 $!/0RV"I2EM7N2"!/:JGI_3 40
M$ZY?$&=$]D[+ SEF;T'1 40$]QE\/J<TI;)<\P)$LITA./D@*( @%M2SO:.6
M)RGZ"=, R GKI;!,Y2VK/*!(GM4RT?H@*( @)Z&6P5*4MJ]R00)[54]/Z8"B
M G7+X@SHGLG98&<LS>@Z("B 742[.[.4LBISF1H\$ R (!;4L[VCEB<I^@G3
M ,@%NRSLZ.693GZ"M$ R (!=/+L[4I2R)E*8&CPP#(!:I=H1HGD7PSTI@.=]
M[5RN=T?MVX-B<(N%]5FNSC9\^FMJ5 .N*]$+GEQTXC7$7<6F=*1SGG[%]V;%
M3'%MSD^7'\O\U_"/=_%[RFM]%;K0W;Z-I+-'2L!EAH3RI;0G*D<.@1)K6(C2
M%)ER6R6FUIUM,ZREWLW=H]X]W:^RU:06ZQE3:5*$\CDO5N#PH5)0C')2+5F)
M;MGNK8,M<E?RS_C'O>9[G=X[E<]V56J]DHWBL#IH+FRLS=\SJG%SG/.CG<X@
MF-6VO,UTGYH6'>]K3'FZ\?\ 2R1U5\O7'N\O![AJ6=[1RQ.4_03IB0IC(!;L
ML[.CEF4Y^@K1 ,@" 6Q+(92Y:]$_3/# ,@%JEVA&B>1?#/2F 9 +J)=G=G*6
M14YS(T>" 9 $ MJ6=[1RQ.4_03I@&0"WY9!.7+1IGZ8X(!D 0"V)9#*7+7HG
MZ9X8!D M4NT(T3R+X9Z4P#(!=1+L[LY2R*G.9&CP0#( @)Z:6WJY2GM1.0(,
M]DWIG^J H@)ZF6WI)RGM3*8),]DYHE^N H@" GMTOA]-EE+9(EE! EE&@*Q\
ML!1 3HE\0>T3V34\#.69S2=$!1 3W&7P^IS2ELESS D2RG2$X^2 H@" GII;
M>KE*>U$Y @SV3>F?ZH"B GJ9;>DG*>U,I@DSV3FB7ZX"B (">W2^'TV64MDB
M64$"64: K'RP%$!KY(^/S\W/V33)6>6T]+D2\&F ?;/EU+^Y;USYHUZX"F F
M;^8O_N6=?UG=4!3 37#J$_OF-<O;(@*8 @)K?U"OWS^N?MEP%,!,Y\Q8_<O:
M_K-:H"F FN?RZJ_<N:Y<TZ]4!3 $ MKK'NF/V$P#(":X=0G]\QKE[9$!3 $!
M-;^H5^^?US]LN I@)G/F+'[E[7]9K5 4P"ZGW9WH*\&KA@&0! +:ZQ[IC]A,
M R 6[UC/3/["H!D 0"Z;W9KH)\.KA@&0&LW@O=!8[=4W>O7DI*&G=>=(TD)*
M9)2-:E' >&,;VBL3,MVWP6S9*XZ_-:='C.Z*R552BOW]NJ2F[;U%+[=.<13T
M:2=@VE1Q.9&51/!EB/MJ:ZWGG9;]ZSQ7IVU/DP\-?.WC/V_BZ%4^[.]!7@U<
M,2E$9 <OWXIU;I=X5IW\:4?AEQ*+/?VP9)0'#)BH/"$D *GP"6F(F6.B\7\)
MX2Z'M]O[G:WVT_/7XZ>[G5TQKK'NF/V$Q+<\9 +=ZQGIG]A4 R (!=/U9Z:_
M#SS ,@%J]Y;Z"_I3J@&0"ZGW9WH*\&KA@&0! +:ZQ[IC]A, R 74=6.FCP<\
M0#( @%T_5GIK\//, R 6KWEOH+^E.J 9 +J?=G>@KP:N& 9 $!-2]?6?OAKG
M[%OR0%,!-5=?1_OCKE[%SRP%, 0$UL^74O[EO7/FC7K@*8"9OYB_^Y9U_6=U
M0%,!-<_EU5^Y<URYIUZH"F (":EZ^L_?#7/V+?D@*8":JZ^C_?'7+V+GE@(W
M]ZMWV-X*?=YRL1\:JD%QJB2%+5D"5KFLI!2WF2TO+G(S93*<C -HK];:U]UF
MG+RBPMUMQU5.^AD+866W 'EH2T<JTD8*@)-S]Y+)?[*W56BJ%73L9:=QU(6$
M[1+:%^:I:4YTE*TD+3-*@9@P%-)O)9:N]UEDIJG:W*@0ARK92A>5"7.2-IEV
M95PI"IC"8Q$!]G_XCE/_ -ST9OO?1_7 46PSMU*>%EO6#S1K&$!3 3-G_47Q
M]RSK'I.ZM,!3 37 R83^^8U@>V1PP%, 0$UO,V%?OG]8/ME\$!3 3.'_ %%@
M?<O:QZ36K3 4P$US,K=5'@9<U@<TZSA 4P! +:ZQ[IC]A, R FN!DPG]\QK
M]LCA@*8 @)K>9L*_?/ZP?;+X("F F</^HL#[E[6/2:U:8"F 74^[.]!7@U>&
M 9 $ MKK'NF/V$P#(!;O6,],_L*@&0! +IO=FN@GPZO! ,@.8[[5#6^6_5NW
M#IE[6V6^5PWK"20E32"E3%*J4IYUY2H#5(ZHB99Z[Q3PCC+H-A7^UV]MS/SV
M^''^-O<Z8VVVTVAII(0V@!*$) "4I D  - $2U!,S,ZRQJ?=G>@KP:O#!X9
M:O>G=V@WCW?KK+7("J>M:*)D3R+TH<'A0L!0XHPR4BU9B4G:;FV#+7)7G6?2
M/>\IW/;Q7>OLU99MXERWFL-1V2X-K/K%-A*=B\>$+2.5SI3UQJVUYF-+?-"P
M[UM:4R1DQ?T<D:U\O7'N\O![^)"F+=ZQGIG]A4 R ("*IN-%;K>]6UKH9IF5
M+SN''2X4I "025*40 D"9.&F E&]E@.[:=Y.T*%G6V'DOEEX+*5*RI&P*-MF
M*CE",F:>$H"1W?C=Q%NI+WMGUVFIHA7,UC=)5.(-.Z$+0LY&E%,TF>4R(UB
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M''\-?QGWO=Q(5!=2":9T#$E"I"4]7! ,@" Y5OT@[F[]4O>*"HVFIR6K>%E
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MG/T%:(#S6_5QWBH'+"Y:ZAJGHW;K1T]SSHVCKK+[R6MDWF\U .<E2].$AIF
MTN^&_%13[WVJV6V\TM'34==2,WNG5LEO/FL)":<9Y[(-MC:+(\[SD2($YA99
M'MYZ7?E-L7=5WBTO6]VLKFW&:=I% Z7D"C:8+*$.%+K:G/->4M7F9LPQF'--
M\-X+OO)WY6^V!U9W9W9N%$V$I8ST*JQ<ENFKJ#)#;B1-MH%4RO*E*59E&(\Q
MUV]5?VKBEYVV"=)F,F6/#I^7U\.J->?#3A,2[\J7:4:)Y%\,]*?%$A3F0"ZF
M79G9RED5.<Y:/!C ,@" U=[L-LO]IN-GN30>HZP;-Y.,P<J2E0)T*2H!22.
M1C>D6C26_;;B^')&2DZ6J\EW,[QKK+#5;NUU4BHO6ZU2Y:ZP@@J4VRHAER0U
M%'F^*-.WM/3TSSJL>\XJ?4^KC_IY8ZO9/YJ^WQT];U+F]6ZYI';@+Q0F@M[Z
MV:ZK[0ULF'4(.9MUP*R-K3F$PHC3$A3MD[64;5(JL=?;;HT(VJZE2TAL-@9L
MY63ERRQG +M]VM5R0XNW5K%:AI61U5.ZAT)40%95%!,CE4#* =3RV9E+EKT3
M],\, R 6J7:4:)Y%\,]*?% ,@%U,NS.SE+(J<YRT>#& 9 $ MJ6T>T<L3E/T
M$Z8!D NHELQ.7+1IGZ8X(!D!\<<;;0IQQ00V@%2UJ,@ ,223![$3,Z0EM=?0
MUM,7J-]NH9VC@SM*S)GG/_+]&$88\E;QK68F/4SR8K4G2T:2KC-K+5+M*-$\
MB^&>E/B@&0"ZF79G9RED5.<Y:/!C ,@" GI<NWK)2GMA.4YSV+>F>OB@*(">
MJR[>CG*>V,ISG/8N:):^. H@" GMN7X=2Y99=BW++/++*-&;&7' 40$[>7XB
M_HS;%F>G-+,Y*>J7!_R0%$!/<LOPZJS2R[%R>:>664Z<N,N* H@" GI<NWK)
M2GMA.4YSV+>F>OB@*(">JR[>CG*>V,ISG/8N:):^. H@/,=XC]52[MOUJ:I-
M-04@4]<A/*IQ@)(*$JD=)/)$BK1/4:SN],]MO:,-NFWIPCRE9=JBMLT5F.JU
MN%?5/GZ<BN[^FN2*)=0IP"SOI"K?3'$CSE3<1@,J')S2)D$2(RXSB?\ 7<.Y
MQ[>/K3K^F/&(]?IP;.[7QS?2(^./FGT\8]-7K(OE2UWF?U%S,_9.!>>6UX>1
M+],!50&=#3&<YM(QS9^:.=SN. ? (0?YYX3]DUAFGSG.;JX]?B@'P"*TR93C
M+UK/.R^U3K_5KT0#X @$41FRK&?K7N=F]JK7^K5H@'P"%G^>9$_9.X9I<YOF
MZ^/5XX!\ BO,J&I,Y2:7CFR<T\[F\< ^ (#!OEN](:Y\U/D@,X!%:9,IQEZU
MGG9?:IU_JUZ(!\ 0"*(S95C/UKW.S>U5K_5JT0#X!"S_ #S(G[)W#-+G-\W7
MQZO' /@,*CJ'.BK7+5PZH#. (#!OEN](:Y\U/D@,X#!SEM=(ZY<U7E@(+WNY
M:KTFG3<4O+32NH?8#50_3@.MJ"T+.P6WF*5)!$]$ ^LM5#6-TS=4V74TCK=1
M3S6N:763-"B09JE]:<]<!SS?=FR[E[K5U18TU*-X]XG%-4++=95.NU%?6)#9
M="5.J"E-IEE5+S<J0F7FB-.?)TUX<YY+/M.RC/FCJ_IU^*\_RQ^]M=QNZRSV
M#=VEHZP.U%R6INJNKPJ:DMU%8E0<+KJ"YE=4%)2,RTS4$B<98J36ND\T??[B
MN7--JQI7E'LB-(^Z'ME=>CHJU^%.J-B(S@,*CJ'.BK7+5PZH#. (#!OEN](:
MY\U/D@/S=OK4/V'>NY;U;KHK;*P^XBUUI=M5=0L-T*V*=GM##KU,AC.AU*@D
M8F82H)4F<1,WP7C)X<I=!VS_ /3M[[3\^O72?7'./L_%ZNU6Y=KW7WX1<+*Z
M*=^ZO&PLTE-57 KSVAEAERG2W3E:VQERAX)EIF1+&6H)C2=)>FNUW?N.Y-+;
M:&S7.I=50-UI2Y1.TX5\.J&-K2+35!E:7G@%;)"DR6 3.6D\;O=6L5=KY>+V
MU15=%0/MTE'3&NIW:-UY5-MEN.AA]+;R4?S 0"M(GE,L)$AZ5CD'I+USYQ@/
M-;V]Y.Z>[#136U8J+@3D9M5))ZK<7Z(:2?-XU2$:<F>M.?-8[+M>?<3\,:5_
M5/"L>_\ <\ YOOO$JG.\/8;HU=1-Y%E##JG QFGDV)3EV)0!F=D.&85(1Q]]
MSW'^_P"$3]+R_+T_O_'U.@CM^WT^EU4FO+JUCG[?/RC\'1MT=_=V-ZZ1+UIK
M$E^4WJ!TI15,D8%+C4RH2.O1P&.QQYJWC@YS>]NS;:VEXX>?Y9]DM]4=0YT5
M:Y:N'5&U!:/?VIOU+NC=*JQ5+-'<*:G=?35/M;8(2T@K44-S2E2R$R3F\T'$
MA4LI#0=Z]VWCM- *VSW2KI*E#*S14=-0(J*5VH2I))N58\VXU34P21-1<9(&
M96=4@ &OO.]]UMV\!K3>"6_B]NMC6[J4TQ8?I:]NG;-4APM&I)2Y4E84EP-^
M9E*9S,!N>] [QT]H35;OWJNH+L\MNAMM#2MT"V7JJI6$(6]VJEJ7,C0)6O(I
M/F).O& ]<$.MTC*'7"ZZG9I<=,D%:@4@JD  )G4(!-WO5IL]$NNNM6U14C8)
M4Z\H)&&H3TGP#&,;6BL:RVX<%\MNFD3:WJ<X<WKWG[PW4TVZUL[+NRR^E=3>
MKD7&4U2$&813M)&8I5+2H$<(!BLWF.V[Q6QU^&MH^9T%-IAV/Q9K=673A2ND
M]/\ FDBKNN\6X5Q;O]RM0J-WJELTER<H5J=?IU-N>:^\D)"%-@ Y<9B9G(G+
M%;V;M>3M]9ZYZNKRY1ZVV:X=]7Z=+:9:\:]7"+>J/7Z>MT^T7BUWFWLW&UU*
M*NBJ$A33S9F"#J.L$:P<1'2UM%HUAS6;!?%::7CIM"E77HZ*M?A3JC)J9P&%
M1U#G15KEJX=4!G $!.RHARL(!64N"2 H$GU2#( R">(GPZX#SF[>^E==[/=Z
MVIM[%KJK37.T+M/4U8+0V(0HK<?2T4H.5S$!*A,8*(Q@-,_WI2HK37U% U0T
MM57UU*Y<*NK+%N0*)+B4.]J+)"FZC+-DE"0KAT3#?_UBM.Y+&\S](FGVJ&7'
M67W5-M-(>=2VIUQY384EE"5;0K4V/,$R! 5[J;QJOU'55.P0VW3U+E,T^P[V
MBGJ$MA)+K#N1K.C,HH)R\I*AC* V= 9T-,9SFTC'-GYHYW.XX!\ A!_GGA/V
M36&:?.<YNKCU^* ? (KS*AJ3.4FEXYLG-/.YO' /@" 13'UU5C.3HYV:7JD:
MN;Q>/7 /@$5)]=2XRFZ>=EGZI>KG<7CU0#X#F/?DNHKZ?=K=.G)GO#=66ZI
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M,3Y8!D BM!+*9 GUK.A(5[5.H_3JTP#X @$40(95,$>M>TI"?:JU#Z=>F ?
M(6#V]DR,MD[,Y1+E-\[2.+7XH!\ NH]W=EIR*T">K@.F 9 $ MKEN],:I<Q/
ME@&0"W>6UTSJGS%>2 YINC5#?7O+N>](PM&[(79[/+%+KZR34OS.CS9)$M*2
M(B8Y^IDFWA7A#H=[3^TVE</Y\OQV]4?ECT\73XEN>+I_=VIZ<B=(EJX!H@&0
M"U>\(X,BM7A3K@&0"ZCW=V6G(K0)ZN Z8!D 0"VN6[TQJES$^6 9 +=Y;73.
MJ?,5Y(!D 0"V.0>FO2)<\P#(!:O>$<&16KPIUP#(!=1[N[+3D5H$]7 =, R
M(!;7+=Z8U2YB?+ ,@%O\@=-&@3YX@&0! +8Y!Z:](ESS ,@%J]X1P9%:O"G7
M ,@%U'N[LM.16@3U<!TP#( @$4P.VJI@XNB4T@>R1H(Y7&>+5 /@$5(.VI9
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M'38EN?(MX(H*8$$$-(F"D)/)&E(P'% /@()*^/3DK+V66;(G+/:?:<J?U=$
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M>!8USYB?) ,@%NF2V?"LZY<Q7E@&0! +8,T'IKUSYY@&0"U'^80/J+U^%.J
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M]N><U8=C9:#00"IEQZH/@.?#AB+C^++:?+@O=W/T=CBQQ_R3-[?LJZ;$I1"
MGML_AU+.<]BW.<I\D<$!1 :['^H=<NR< E/:\.F<!1; 1;:0' [%O C*>2.:
M-'% 4P$S8/Q)\ZMBSC+#E.\[7Q0%,!-< =@B6/KF- S>V1J/TZH"F (":W@[
M!<\/7/Z1E]LO4/IUP%,!,X#\28.K8O8RPY37.U<4!3 37,$VVK Q.Q<P S'D
MGFG3Q0%, 0"VNL>Z8U2YB8!D!-< =@B6/KF- S>V1J/TZH"F (":W@[!<\/7
M/Z1E]LO4/IUP%,!IJR_6RGWDH[>X[*H<:<1,)FA"UELMH6OF*6$G*#IXRF<:
M^\Q5R1BFT1>W*$FFTR6QSDB/ACTX>SQ_Q;F)*,75>[.]!6J>K@@/+]YWPO\
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MSTI@&0"ZJ79G9Z,BISG+1X(!D 0"VI;1[IB>GT$P#(!=1+9B?IHTS],<$ R
M(!=/+9F7IKT3],\, R 6J7:6^'(OAGI3 ,@%U4NS.ST9%3G.6CP0#( @)J0
M/ULI3+PG*>G8MZ9_J@*8":K +]%.4P\93GIV+FB7ZX"F (":V "VT@3(@,MR
M(G*64:,V/E@*8"9L#XD^<)[%F8QG+,[XH#FF\E*_W=;W*WRH<=UKTZVQO';T
M"6Q?<)":U/- S<O1B=<\(=X^E;KCY9Y_O='M;QOL']O;^MCB9I/G'Z?W>FO2
M:];3MIJ5H6E;3C"RE8)4@I*#C-.)$N")CG9B8G25<'@@)J0 /ULI3+PG*>G8
MMZ9_J@/#=]=:MW=RCW6IE!-?O56L6UE6G(V7$J>=(UI2D 'CB-NI^'I\;3HO
M.PX],LYI^7#6;>_3A#V%/;J2VTMHMU*D(IJ+*Q3(,R0AJG6A(!&O*-<2*UTC
M2%/ERSDO-[<[3K/O;*/6L0$UL %MI F1 9;D1.4LHT9L?+ 4P&MRH_J3--.?
ML<I>=FEM?^9+],!7;R304Q)F2TC$JSGDCG#E<< ^ 0@GM[PGALFL,TQRG.;J
MX]?B@'P"*XD,ID9>M9T*R^U3K/T:]$ UUUIEI;KRTMM-@J6XLA*4I&)))P $
M-7L1,SI'-R9JFJN]?>$5=4D_^6UL=/8V%>K5<*MKS2X0/.+*2I0&(GP3G*%I
M]:VL_P!./O=+-X[;BZ8_]J\<?Y*SX>WT\G1Z:RV=ZTOVYVA8<H'GJ@O4BD(6
MTHJ?6I14F67%6.B)?1&FFG!S\;C)%HO%IZH\=>+PM1W15N[JW;AW<75RS5:S
MG=M52HOT#YU!25YE(($Y*Q\41IVTUXXYT]7@NJ]ZKGTKNZ1DK^J.%H_>*;O6
MN%EK:>D[P[0]8ZD(6@7&GG46YW,I "\S><HQ&@SRSQTX>QN)KPO&G[&-^SUR
M_%M;QDK^F>%X]T\_:]<FQ[@[QU=-O$+=:KQ6,Y#27?8T]2ZC9*SM[-_*M2<B
MC-,E8&)-;1/&%+EQ7QSTWB:SZ^"A_=ZP4CURO%+;:6GN]8PM-7<FFFF:EU(3
M@'*@)SD>:.4<)#@CUK6BSV@6X6P4-.+:D )HMDC8 !68 -RR8*QT:8";X1NQ
M;+A5W_L5%17"I0$UUVV333SB$RD'7Y)4H#(.4K5'DSHRK2;3I$:R\C7]\%E-
M946[=BCJMZ;H%A*$6]&>E2HI2!M*D^K0B>E0S"(]MS'*OQ3ZEQB[)DTB^::X
M:?S<_=7F@:W2[T][0MO?2ZM66R.]99[,0'G!Z+M0H+(2>< HA7 (Q^GDO\\Z
M1Y0D3O=GMN.WI.3)^J_*/97TT;RE[J]QK-:4T=MMR:?,\WGJTN%-2K.L(4#4
M*)7(I41E!Z,C(QCE[?@R4Z+UB:ZZ_8A9.];F]^JUM?5X?9R>S::;::0TTD(:
M;2$H0D2 2D2  \$38C15S,S.LLH/"*$DLJF9^M>TJS>U5K'T:M$ ^ 0LGM[(
MGALG<,TARF^;KX]7C@'P"ZGW=WH*URU<.J \7O#W*]W5\J#5O6P4=:3F-30K
M53JS>EE1YA5/&93$>^UI;CHN-MWW=88Z8MU5\K<?XM56;H=[&[S8_I+>5-WH
M6\1;K\D.O  :$5*$A:YZ DY0.&,+8\M(^"=?5*13>[+//^_CZ+?JQ\(_\?\
M%):&7[SOW9;U<7'*ZX4(>!I$C9-4VV:R+=##GG-Y2D"2U3XU2CF>U=RW>?>V
MKEII6NOA\OO\=?XQP2]S%,.UO2FE:VTX\YMI/+6.?N_8ZQ'8N4+=Y;73.N7,
M5Y8!D 0"Z?W=KH)USU<.N 9 +5[PCH+U^%.J 9 +J/=W>@K7+5PZH!D 0"VN
M6[TQKGS$^2 9 +=Y;73.N7,5Y8!D 0"V.0>FO7/GF 9 +5[PCH+U^%.J 9 +
MJ/=W>@K7+5PZH!D 0"VN6[TQKGS$^2 9 +?Y Z:-<N>(!D 0"V.0>FO7/GF
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M/1H\$ R (!;4MH]*7+$Y=!.F 9 +=EM&9RY9E/H*T0#( @%T\MF92Y:]'3,
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M$\LTXJ;TJU'# :_% /@%U G3NC$S0H8#,=&H:X!D 0"VA);NG%8.(ES$Z.&
M9 +=$UM:<%DX"?,5IX(!D 0"Z<2IVAB)(2,1E.C6-4 R 6H?S"#C@A0T88E.
MN 9 +J!.G=&)FA0P&8Z-0UP#( @%M"2W=.*P<1+F)T<, R 6Z)K:TX+)P$^8
MK3P0#( @%L"2#IY:SB):5F 9 +4/YA!QP0H:,,2G7 ,@%U G3NC$S0H8#,=&
MH:X!D 0"VA);NG%8.(ES$Z.& 9 +?$T#3RT' 3T+$ R (!; D@Z>6LXB6E9@
M&0"U#^80<<$*&C#$IUP#(!=0)T[HQ,T*& S'1J&N 9 $ BF20]5F1&9T$33E
M!]4@8'G##3XM4 ^ 14I)>I#(G*Z29)S >J6,3S1CI\6N ? $ BWI**"F2004
MM($E)R*P2-*1/*?! /@$(217O*D9%IH3RR3@IS0K6<<1J\< ^ 1<$E=!4I )
M*FEB24YU8I.A)EF/@@'P! 06RVT5'45ZZ9@,FH?VCA2@("B4)42".4"M2E$^
MD51A3%6LS,1$=7&?6V9,U[Q$6G73DOC-K(J4DO4AD3E=),DY@/5+&)YHQT^+
M7 /@" 1;TE%!3)((*6D"2DY%8)&E(GE/@@'P$&R/Q[:R7+LN7-LQDZR<MK.>
M;ZLO# /MV7X?2Y,N78MY<F;++*)9<_G2X\8"B G1E^(/RRYMBU.6;-+,Y*<_
M-EIE+'3/5 40$]?EV"<V66V9Y6:4]JF7)QG/1JGIP@*( @)Z#+L%9<LML]R<
MTI[54^5C.>G5/1A 40$Z\OQ!B>7-L793S9I9FYREYLM$YXZ):X"B GN.7X?5
M9\N78N9L^;++*9YLGG2XL8"B (!;4L[TI<L3E/T$Z9_J@&0$]?EV"<V66V9Y
M6:4]JF7)QG/1JGIP@*( @)Z#+L%9<LML]R<TI[54^5C.>G5/1A 40$Z\OQ!B
M>7-L793S9I9FYREYLM$YXZ):X"B 74R[.[.4LBISG+1KECY(!D 0"VI9WI2Y
M8G*?H)TS_5 ,@%NRSLSERS*<_05HE^N 9 $ NFEV=J4I9$RE.6C5/'RP#(!:
MI=H1HGD7+3/2GQ0#(!=3+L[LY2R*G.<M&N6/D@&0! +:EG>E+EB<I^@G3/\
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M3E3B3F.CTAIXX#. P).W0-656$\-*>;KXX#. P?)##A&!RJQ!RG1Z1T<<!G
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MO"G7 ,@%U,^SNRTY%:IZN Z8!D 0"VIYWNF)82YB?+ ,@%NSSL],SPGS%>2
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MY&67BG >H2E*$A*0$I2))2,  -0@/L 0! ?%)2H24 1,&1QQ!F#XC ?8 @"
M(#YE3F"I#, 0%:P#*8_1 ?8 @" (   G(2GB8 @" ( @/B4I2))  F3(88DS
M)\9@/L 0! ! (((F#@08 @" ( @ @&4Q.6(@" ( @" )"<Y8C 'C@" ( @"
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M_,NA7N'RO2>5_P!Z^ZRP&UW-_N3?_GGOSGSSY1RG/DGWOVGU9P'5H#\:U_\
M>I[\V_/V?F'N?7-]?_E_1^ZRP':]W?[Q5?O'75')^0=6?<O^+?B?J;2 U%N_
M]6=Q^??*&^5\NY"N5_E/L_\ ,9H"WNV_N-7>\<NIZ[Y'I5^7OK_BO#F@.E[^
M_DN]_,/<WOD_S#D'W7[WT8#\M=Q'YH<^8_**S\U?+.I')_Z7W6> [AW)_+[O
M\T]E\Z^9<E?N_P#P_P#"?XX#5?[:O=][OS'\V5^9.7H/)^__ !'^" Z?N?\
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!V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>tm214268d1_20-fimg014.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg014.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@!  *4 P$1  (1 0,1 ?_$ +L  0$  @,! 0
M       %! 8! @,'" $!  ,! 0$               $" P0%!A   @$# P(#
M! @#!0,'"@<  0(# !$$(1(%$P8Q02)1,A0'87&!D4(C%1;1)%2AL5(S"&)R
M@O#!DJ+20S3ALF-SH[.45287PE.#D]-T-Q$!  (" 0,"! ,&!0,$ P$   $"
M$0,$(3$2005182(3<3(4\(&1H=$&P>%"4B.Q,Q7Q8I+B<J+2%O_:  P# 0 "
M$0,1 #\ _5- H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
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M$) N0Q9R2"@Z$@W"Q'GI04J!0*!03>95F;C]L0DMEQDDDC8-K>L6(U%!2H%
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M-1XD[?/QH*5 H% H)O<:LW#SJL0F8[/RV) /K7S!4_VT%(>% H% H)O<BLW
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M&UTC)RL8$N+@@S+=1HVI\!04:!0*!08O*DCC,HA@A$,EG;50=IU.AT'U4'.
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M@&N+B>]3MOXX_G_DZ]O]OZXKFLSEE/S'S+[YNO&P_HO"/H<@DIN7Z9/?;_@
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MQF)FHJY"EU74 ,RCQ!UVD7\*SV:JWC%DZ]EJ3FKG].Q/1>/=LC,0W%F]#6W
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MF4I]PE90I_WT,#C_ *!K+[L1\8=MO;-ENEIKLCY=&V<-\^N=P76*3D8>3A\
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MDQ&,MMW(K>_E-?YL3*^7K3S9<7ZD5XO.S4Y'*Q>BIE,R,CV6>]U4M&/PD@:
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MH7'=-F9/AHMC/8,1L%B0"=?MH*-Q0+B@7%!Q<4$O@3';/V,S?SDV[> +-<7
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M'%\B>T.^^0&-.R\]RT61QV,L4C2M%"N+C[^D%WC><=F\/=L:"Q\T>(EYGD.
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MZN1%;QY5\?"LQG$8F$O&YOF\(GAN4FS(.J^.^7(6;)RDM#NFCB,!E:\[QN5
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F"JJJ+  #P H.] H% H% H% H% H% H% H% H% H% H% H%!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>tm214268d1_20-fimg015.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_20-fimg015.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@! 0*0 P$1  (1 0,1 ?_$ +\  0$  P$! 0$
M       % P0& @$'" $!  ,! 0$               $" P0%!A   @$$ 0(#
M!08$ P4#!PH' 0(# !$$!1(A!C$B$T%1,A0'87&1(Q46@4+35:%2,[%B<B0(
M@J)#P=&28Y,T%^'QLL+2<X-$5%93L\.$)288$0$  @( ! ,%!0<# P0#
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M%AD@Q5RIE:"-9K<RD*)&@8A;<K7H.GH% H% H% H% H% H% H% H% H% H%
MH% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
MH% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
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M8@JWY*VXBPM;V]305:!0*!02=<(_U[:D(X<IC<W8@JWE>W$6'A[>IH*U H%
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MAX)QQN$UB/4\KWZGH>/V4%2@4"@4$K($G[DPR(0T?RN1RGL;J><5EO>PY?\
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M_C>H^I7&<\$]%LXQQ>X,F">,20N)(SX,I!'XBIK>+<I1:LQS?#DP"582X$K
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M,RW\.8 %ZQV;L[(X\.K#?7VUHI/R_P N53=8V5D+CB%&=4D+2HLAB++P( Y
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M!6F""W10Q?CT^P5']O,\Y1_RU*_HI"J?H%HUQG5-CD'*M^5*P3@K>\H "?\
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M4ML<<;-N@PS(GJDVO;A>][=;57KC.&L:+S7JZ9Z?<?NGM[]5_2/U#'_4S_\
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MV79[=C 8@\\160WM);'C'(7Z=/AZ>Z@IT"@4"@EZZ)AMMHQ@,89H;3&]I+1
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MC>YS>CE&,B\7E_*C;CYHV_S?RV'V4%']OYG][S_Q@_I4#]OYG][S_P 8/Z5
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MR<+\N/)@+^%!B_7]+\]\A\[#\[RX?+^HO/GQY\+7^+CYN/C;K08<HO\ N'!
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MAQH2KOT8CTQ8M8GK[^M!OT"@4'F3X&^XT$WMAHV[?U[1N\B&",J\@LY''Q8
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04"@4"@4"@4"@4"@4"@__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>tm214268d1_img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm214268d1_img001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !0 ,@# 2(  A$! Q$!_\0
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0K$KOM &Y@@)P ,DT4 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
