Legal advice in the exchange of Albanesi Group companies's Notes

Counsel to Generación Mediterránea S.A. in the issuance of its Class X Notes for U$S 28,148,340 under the Global Program of Notes for an amount of up to U$S 100,000,000, and in the co-issuance of Generación Mediterránea S.A. and Central Térmica Roca S.A. of their Class III Notes for U$S 25,730,782 under the Global Program of Notes for an amount of up to U$S 300,000,000. Class X and Class III Notes were issued in exchange of Class VI Notes issued by Generación Mediterránea due February 2020 and Class I Notes co-issued by Generación Mediterránea y Central Térmica Roca due October 2020, respectively. Class X Notes and Class III Notes are guaranteed by Albanesi S.A.

SBS Trading S.A., Balanz Capital Valores S.A.U. and Banco de Servicios y Transacciones S.A. acted as arrangers and placement agents of the Class X Notes and Class III Notes.