Counsel to Celulosa Argentina S.A. in the issuance of 9.25% Class 18 Notes for U$S34,873,114 due May 16, 2028 denominated and payable in U.S. dollars and 6.99% over Badlar Rate Class 19 Notes for $4,533,448,945 due May 16, 2025 denominated and payable in Pesos, under its U$S 150,000,000 Global Notes Program.

Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Balanz Capital Valores S.A.U., Invertironline S.A.U, Zofingen Securities S.A., Banco Supervielle S.A., Banco de Galicia y Buenos Aires S.A.U., Adcap Securities Argentina S.A., Banco de la Provincia de Buenos Aires and Banco CMF S.A. acted as placement agents of Class 18 and Class 19 Notes. Banco de Servicios y Transacciones S.A. and Puente Hnos. S.A. acted as arrangers of the issuance, and Banco de Servicios y Transacciones S.A. also acted as settlement agent of this issuance.