Investor Presentaiton

AES ARGENTINA FONINVEMEM PROGRAM OVERVIEW FONINVEMEM is an Argentinian Sovereign owned fund made with contributions from the generation companies with purpose of funding the development and construction of new power plants Argentine Sovereign Contributor ($) FONINVEMEM 10 year SPV's O&M Agreement Trust PPA Legal Owner of Performance Operator Guarantee Pledge Shares Beneficiary Generators WEM National Treasury 120 installments Libor + Spread CAMMESA aes 28 28

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