Glossary

ANSES: National Social Security Administration.

ADS: American Depositary Share.

AFIP: Federal Public Revenue Administration.

BBVA Argentina: Refers to Banco BBVA Argentina S.A. and its subsidiaries.

BCRA: Argentine Republic Central Bank.

BCBA: Buenos Aires Stock Exchange.

BYMA: Bolsas y Mercados Argentinos S.A.

CNV: National Securities Commission.

IAS: International Accounting Standards.

IFRS: International Financial Reporting Standards.

IGJ: Argentine Superintendence of Corporations.

LECAP: Argentine National Treasury compounded interest peso denominated notes.

LELINK: Argentine National Treasury U.S. dollar linked notes.

LELIQ: Central Bank liquidity bills.

LETE: Argentine National Treasury U.S. dollar denominated notes.

MAE: Open Electronic Market.

Merval: Can refer to the current Bolsas y Mercados Argentinos S.A. (BYMA) or the S&P MERVAL index.

NYSE: New York Stock Exchange.

Pesos: Argentine Pesos.

PIB: Gross Domestic Product (GDP).

SEC: Securities and Exchange Commission.

SEFyC: Superintendency of Financial and Exchange Institutions.

USD: U.S. Dollars.

US GAAP: Generally Accepted Accounting Principles (United States).