Press Release

Buenos Aires, August 15th, 2017. Beccar Varela advised Banco de la Ciudad de Buenos Aires on a notes issuance worth AR$2.3 billion (approx. US$130 million), issued in two notes classes under the entity’s Global Program for short, medium and long term notes with a maximum global nominal value of up to US$500 million (or its equivalent in other currencies). In this transaction, Banco Ciudad acted as issuer, organizer and placement agent. Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina), Macro Securities and Puente Hnos acted as placement agents and turned to Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h). The result of the placement was published on August 9th, 2017.

Banco Ciudad issued Class XIII notes for a nominal value of AR$530,631,578, at a floating rate, with maturity date of 24 months from its issuance date; and Class XIV notes for a nominal value of AR$1,737,740,000, at a floating rate, with maturity date of 48 months from its issuance date.

This transaction represents the sixth issuance of Banco Ciudad under the forementioned Program. Both Beccar Varela and Pérez Alati have been taking part in previous issuances by the entity.

The listing and negotiation of the notes have been requested with the Buenos Aires Stock Market and Mercado Abierto Electrónico SA.

Counsel to Banco de la Ciudad de Buenos Aires:
Beccar Varela (partners Javier L. Magnasco and Luciana Denegri, and associate José M. Krasñansky).

Counsel to Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina), Macro Securities and Puente Hnos.:
Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) (partner José Martínez de Hoz (nieto) and associates Martín Chindamo and Agustina Houlin).

All placement agents were also advised by their in-house counsels.