Investor Presentaiton

AES Argentina External Environment 2023 Regulatory Update Resolución 59/2023 In February 2023 the Secretary of Energy issued Res 59/203 allowing Combined cycle power plants on the energia base to sign 5-year PPAs with CAMMESA with a partially dollarize rate Capacity price: USD 2,000 + AR$ 65% R826 in winter and summer Capacity price: USD 2,000 + AR$ 85% R826 in spring and fall Operated energy + energy in peak hours in AR$ R826 Energy at 3.5 USD/MWh with natural gas and 6.1 USD/MWh with gasoil 18 aes

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