Investor Presentaiton

Primary fiscal results at a provincial level As of 3Q 2017 < -10% of income < -5% of income <0% of income < 5% of income <10% of income > 10% of income Source: Consejo Federal de Responsabilidad Fiscal As of 3Q 2018 # of Deficits: 13 # of Surpluses: 9 # of Deficits: 1 # of Surpluses: 21

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