Tierra del Fuego’s Secured Notes Issuance for US$ 200,000,000

Banco de Valores S.A.’s (as Argentine trustee) counsel in the issuance of the Province of Tierra del Fuego US$ 200,000,000 Secured Notes. The notes are secured by a collateral trust of hydrocarbon royalties, in which Banco de Valores S.A. acts as trustee.

Puente Hnos. S.A. acted as joint lead manager and Argentine placement agent, while UBS Investment Bank acted as joint lead manager and initial purchaser.