Investor Presentaiton

INFLATION EVOLUTION Weighing within the index Food and non-alcoholic beverages 26.9% Transport 11.0% Clothes and Shoes 9.9% 1Q22 Inflation: 16,1% Housing water, electricity and other fuels 9.4% Restaurants and hotels 9.0% Healthcare 8.0% Mar-22 Inflation: 6,7% Recreation and culture 7.3% Home furnishing and maintenance 6.4% ➤ YoY Inflation by Item* Other goods and services Alcoholic beverages and tobacco Communications Education 3.5% 3.5% 2.8% 2.3% 67.8 67.3 59.7 55.1 56.9 54.5 54.3 48.8 48.7 48.0 43.4 38.3 30.6 Total CPI index Restaurants and Clothes and hotels Shoes Food and non- alcoholic Transport Healthcare Education beverages *Source: INDEC - March 2022 figures - YoY Inflation = 55,1% telecom personal flow 5 Alcoholic Home furnishing Other goods and Recreation and beverages and and maintenance services culture tobacco Housing water, Communications | electricity and other fuels

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