Press Release

Buenos Aires, July 22nd, 2021. Beccar Varela advised Agrofina S.A. on the constitution of Series XXIV Financial Trust set up under the program Secuval II (the “Financial Trust”).

The issuance of securities under the Financial Trust of the total amount of AR$564.427.931 took place on July 14th, 2021, as follows: (i) AR$506,774,332 were issued in Class A trust debt securities, at an annual nominal variable rate equivalent to the private BADLAR rate, plus 100 basis points, with a minimum of 35% and a maximum of 45%, rated A1sf(arg) on June 22nd, 2021, by FIX SCR S.A. Risk Rating Agent “Affiliate of Fitch Ratings” (“Fix”); and (ii) AR$57,663,599 were issued in Class B trust debt securities, at an annual nominal variable rate equivalent to the private BADLAR rate, plus 200 basis points, with a minimum of 36% and a maximum of 46%, rated A2sf(arg) by Fix on the same date. In this issuance, Banco de Valores S.A. acted as financial trustee, custodian, organizer and placement agent, while Agrofina S.A. acted as trustee, administrator and collection agent. Banco Mariva S.A., First Capital Markets S.A., SBS Trading S.A y StoneX Securities S.A. acted as placement agents and FIRST Corporate Finance Advisors S.A. acted as organizer.

The financial trust's main goal is to finance small and medium-sized companies, given that at least 70% (seventy percent) of the amount of the trust asset, considering its nominal value, is made up of rights or credits from operations carried out with SMEs CNV.

All parties involved in the issuance were advised by Beccar Varela: team led by partner Luciana Denegri, assisted by associates María Victoria Pavani, María Inés Cappelletti and Julián Ojeda.