Beccar Varela

Beccar Varela advised EPAM Systems Inc., a digital transformation services and product engineering company, on the acquisition of the global advanced technology consultancy NEORIS. The closing of the deal was announced on October 31.   EPAM completed the purchase of NEORIS from funds managed by Advent International, one of the largest global private equity investors, and Cemex, a global construction materials company. Since EPAM is a leading global provider of digital engineering, cloud and AI-enabled transformation services, the acquisition will broaden EPAM’s delivery capabilities in Latin America and Europe and enhance value for customers in key industries. NEORIS is a Miami-headquartered global advanced technology consultancy with more than 4,800 professionals across major talent hubs in Latin America, Spain, and the U.S. Beccar Varela advised EPAM in Argentina, handling due diligence and providing legal assistance in drafting the transaction documents. The law firm Orrick coordinated the operation across all involved jurisdictions. Argentine counsel to EPAM Beccar Varela: team led by partner María Shakespear, along with senior associate Luciana Liefeldt and associate Tomás Burllaile and further supported by partners Florencia Rosati, María Eduarda Noceti, and Santiago Montezanti; senior associates Mariana Lamarca Vidal, Gonzalo Ochoa, Francisco Grosso, Alejandra Bouzigues, María Luján Callaci, and María de los Ángeles Olano; and associates Tomás Caputo, Franco Montiel, and Juan Ignacio Pazos.·  

Buenos Aires, February 7th, 2025 — A&O Shearman and Beccar Varela provided legal counsel to the Dutch group SHV Holdings, while Milbank and Perez Alati, Grondona, Benites & Arntsen (PAGBAM) advised the Chilean-owned company Cencosud S.A. in the sale of Supermercados Mayoristas Makro S.A.  The transaction includes the transfer of the Roberto Basualdo S.A. chain, specialized in perfumes and cleaning products. The agreement was signed on January 30 for a total amount of US$ 122.5 million. With this acquisition, Cencosud enters the Argentine wholesale segment with the cash & carry format, strengthening its presence in the country and creating synergies with its existing operations. Makro is a leading wholesale chain that was owned by Dutch company SHV. It began operations in Argentina in 1988 and currently has 24 branches and three private-label food brands: Aro, M&K, and Ternes. In 2009, it acquired the wholesale perfume and cleaning product company Roberto Basualdo S.A., expanding its commercial, operational, and distribution capabilities in the country. Cencosud is a Chilean company with a presence in Latin America, the United States, and China. Its operations span various business sectors, including supermarkets, home centers, department stores, shopping centers, and financial services. In Argentina, it owns the supermarket chains Jumbo, Disco, and VEA, the Easy home center, and the Unicenter shopping mall, among other businesses. Counsel to SHV A&O Shearman (New York, San Francisco and Amsterdam): team led by partners Stephen Besen and Romain Dambre, and associates Hugo Eijsvogel, Aaron Schwartzman, Philippe Gimbrère and James Heaney. Partner Caroline Lapidus and associates Jose Rego, Kelly Zhao and Ryan Sedwick advised on tax matters. Beccar Varela (Buenos Aires): team led by partners Ramón Moyano and Lucía Degano, and associates María Inés Cappelletti, Fermín González Argüello and Paloma de Posadas. Partner Enrique López Rivarola advised on tax matters. Counsel to Cencosud Milbank LLP (New York): team led by partners Marcelo Mottesi and Francisco Nuñez, and associate Steve Ahn, international attorney Luis Felipe Garcia Rubio and special counsel John Garces. Partner Edward Lemanowicz and associate Michael Rivkin advised on tax matters, and special counsel Gonzalo Guitart advised on corporate finance and securities matters. Perez Alati, Grondona, Benites & Arntsen (PAGBAM) (Buenos Aires): team led by partner P. Eugenio Aramburu and counselors Juan Ignacio Dighero and F. Nicanor Berola. Partner Geraldine Moffat and counselor Matías Fuse advised on labor matters, partner Facundo Fernandez Santos and associate Maria Florencia Gonzalez Klebs advised on tax matters, and associates Ana Gabriela Cuenca and Lucia Daniela Campos advised on corporate matters.

 On November 21, Beccar Varela promoted attorneys Enrique López Rivarola and Fernando Kreser to partners in recognition of their talent and significant contribution to the firm in the areas of tax law and dispute resolution, respectively. Enrique López Rivarola joined the firm in 2008. He focuses on tax law, both in tax advice and planning for domestic and international clients, as well as in complex tax litigation. He obtained his law degree from the Universidad de Buenos Aires (2010, graduated with honors) and completed a Specialization in Tax Law at the Universidad Austral (2014). Fernando Kreser joined the firm in 2019. He focuses on dispute resolution, including both domestic and international arbitration as well as civil and commercial litigation. He represents local and foreign clients in complex litigation cases involving contractual disputes, corporate conflicts, damage claims, and debt restructuring, among others. He obtained his law degree from the Universidad Católica Argentina (2011) and his Master’s in Business Law from the Universidad Austral (2020). He is also the head professor of Business Law in the Master of Business Administration at the Universidad del Salvador. Regarding these appointments, Maximiliano D’Auro, managing partner of Beccar Varela, stated: “These promotions are a well-deserved recognition to Enrique and Fernando, their professional careers, personal qualities, and commitment to the standard of excellence that defines our firm. Both exemplify the talent we seek to foster at Beccar Varela and are proud to support”. Enrique López Rivarola remarked: "I am truly honored to have been named a partner at the firm that has trained me since I joined 16 years ago. It is an exciting challenge that I am eager to take on, and I hope to continue contributing to the growth of the firm and its tax department”. Meanwhile, Fernando Kreser commented: “I am humbled to be named a partner at Beccar Varela. I reaffirm my commitment to delivering exceptional legal services for our clients and collaborating to the firm's continued growth”. These appointments strengthen Beccar Varela’s team in two key areas, reaffirming the firm’s commitment to providing comprehensive and excellent legal counsel.  

Buenos Aires, 27 de diciembre de 2024 — El 4 de diciembre de 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) emitió (i) las obligaciones negociables clase XVIII, simples, no convertibles en acciones, no garantizadas, denominadas, a ser integradas y pagaderas en Pesos (las “Obligaciones Negociables Clase XVIII”); y (ii) las obligaciones negociables clase XIX, simples, no convertibles en acciones, no garantizadas, denominadas, a ser integradas y pagaderas en dólares estadounidenses en la República Argentina (las “Obligaciones Negociables Clase XIX”). La emisión fue realizada bajo el Régimen de Emisor Frecuente de la CNV, en el marco del Prospecto de Emisión de Obligaciones Negociables en tramos por hasta un monto máximo de emisión de US$ 1.000.000.000 (dólares estadounidenses mil millones) (o su equivalente en otras monedas, unidades de medida y/o unidades de valor). Las Obligaciones Negociables Clase XVIII fueron emitidas por un valor nominal de $23.496.247.000, cuyo vencimiento operará el 30 de abril de 2025. Devengan intereses a una tasa de interés del 3% efectiva mensual, y tanto los intereses como el capital de las Obligaciones Negociables Clase XVIII se abonarán en un único pago en la fecha de vencimiento de las Obligaciones Negociables Clase XVIII, es decir, el 30 de abril de 2025. Las Obligaciones Negociables Clase XIX fueron emitidas por un valor nominal de US$97.749.482, cuyo vencimiento operará el 4 de junio de 2025. Devengan intereses a una tasa de interés del 4,25 % nominal anual, los cuales se pagarán trimestralmente. La primera fecha de pago será el 4 de marzo de 2025 y la segunda el 4 de junio de 2025. El capital será amortizado en un único pago en la fecha de vencimiento de las Obligaciones Negociables Clase XIX, es decir, el 4 de junio de 2025. Asimismo, las Obligaciones Negociables han sido calificadas localmente como “A1+(arg)” por FIX SCR S.A. el 25 de noviembre de 2024, y fueron autorizadas para su listado y negociación en el Mercado Abierto Electrónico S.A. y en Bolsas y Mercados Argentinos S.A. Banco de Galicia y Buenos Aires S.A.U., en su calidad de emisor, actuó también como organizador y colocador, mientras que Galicia Securities S.A.U. e Inviu S.A.U. desempeñaron el rol de colocadores. Todas las partes fueron asesoradas por el equipo de Beccar Varela liderado por Luciana Denegri, con la participación de María Victoria Pavani, María Carolina Pilchik, Martina Puntillo y Carlos Nicolás Saúl Lucero.

Beccar Varela, a leading law firm in Argentina, is pleased to announce that it has advised McDonald’s Latin America on entering into a new Master Franchise Agreement (MFA) for a period of 20 years with Arcos Dorados Holdings Inc. the world’s largest independent McDonald’s franchisee. The MFA was entered into on December 30, 2024, which became effective on January 1, 2025, and replaced the previous MFA. The new MFA also includes a renewal option, at McDonald’s discretion, for a new, 20-year MFA, beginning January 1, 2045. Beccar Varela, with its in-depth expertise, played a key role in supporting McDonald’s throughout this significant milestone. Arcos Dorados announced it expects to open approximately 90 to 100 restaurants in 2025. Counsels to McDonald’s Latin America LLC: Beccar Varela: Partner Ricardo Castañeda and senior associate Inés Cappelletti. Cleary Gottlieb: Partners Nallini Puri and Chantal Kordula In-house Counsel: Patrícia Borges, Director Global Business Counsel – Regional Counsel Latin America. Counsels to Arcos Dorados Holdings: Davis Polk: Partners Maurice Blanco and Frank Azzopardi In-house Counsel: General Counsel Juan David Bastida. Founded in 1897, Beccar Varela is a leading law firm in Argentina. It advises national and international companies from various industries in all areas of corporate law. Its team consists of over 160 lawyers specializing in different areas of law, many of whom have studied and worked in major cities around the world. Beccar Varela is the reference firm in Argentina for clients committed to ESG (Environmental, Social, and Governance) and corporate sustainability; it was the first full-service firm in the country to join the United Nations Global Compact and to publish a Sustainability Report.  

Buenos Aires, 29 de julio de 2025 — Beccar Varela anuncia la incorporación de Jimena Vega Olmos como nueva socia del departamento de Energía. Con una sólida trayectoria de más de 20 años asesorando a clientes locales e internacionales en transacciones complejas y asuntos estratégicos vinculados a la energía, infraestructura, financiamiento de proyectos y arbitraje de inversiones, su llegada fortalece un área clave de la práctica del estudio. Jimena se suma a Ricardo Castañeda, Pedro Silvestri y Carlos Cueva, socios del equipo de Energía, aportando su conocimiento, su experiencia y su visión. Antes de sumarse a Beccar Varela, Jimena fue socia de Martínez de Hoz & Rueda (2018–2025), firma a la que se unió tras una destacada trayectoria en Pérez Alati, Grondona, Benites & Arntsen (1998–2017). Es abogada por la Universidad de Buenos Aires (2002), con una especialización en Derecho Administrativo Económico (2007), y ha completado una formación ejecutiva en Infraestructura en una Economía de Mercado en Harvard University (2017). Actualmente integra la mesa directiva de la Comisión Pro Bono del Colegio de Abogados de la Ciudad de Buenos Aires. Maximiliano D'Auro, socio administrador de Beccar Varela, expresó: “Estamos muy entusiasmados con la incorporación de Jimena. Quienes hemos tenido la oportunidad de interactuar con ella a lo largo de nuestra vida profesional, sabemos que es una abogada excepcional, además de una gran persona. Confiamos en que su experiencia va a aportar gran valor al desarrollo de nuestra práctica de Energía, una de las áreas estratégicas para el crecimiento del estudio y del país”. Los socios de Martínez de Hoz & Rueda expresaron su reconocimiento por la contribución de Jimena durante su paso por la firma: “Jimena ha sido una parte importante de nuestro equipo desde el inicio. Es una gran satisfacción para MHR haberla acompañado en su crecimiento profesional. Valoraremos siempre su aporte y agradecemos profundamente su compromiso, deseándole éxito en su nueva etapa”, manifestó José Martínez de Hoz. Asimismo, Pablo Rueda, comentó: “Jimena será extrañada por todo MHR. No obstante, este cambio es parte de la evolución de la firma, y en MHR continuamos con nuestros planes de crecimiento y apostando a seguir brindando el servicio de excelencia al que nuestros clientes están acostumbrados desde una plataforma que maximiza las oportunidades de crecimiento profesional de nuestros abogados.” Por su parte, Jimena Vega Olmos afirmó: “Estoy muy contenta de sumarme a Beccar Varela. A lo largo de los años he tenido la oportunidad de compartir con algunos miembros de su equipo distintos espacios profesionales. Admiro su trayectoria, su enfoque innovador y su compromiso con el desarrollo integral del país. Espero contribuir con mi experiencia al crecimiento de la práctica y a los desafíos que plantea el sector energético”. Jimena se incorpora en un momento clave para la práctica de Energía de Beccar Varela, que continúa consolidando su presencia en un sector central para el desarrollo económico, social y ambiental de la Argentina. Acerca de Beccar Varela Beccar Varela es un estudio jurídico líder de Argentina fundado en 1897, reconocido por brindar asesoramiento legal integral de excelencia tanto a empresas nacionales como internacionales. Con un enfoque innovador, su equipo está conformado por más de 160 abogados altamente capacitados y comprometidos con los valores de integridad, profesionalismo, respeto, diversidad y responsabilidad social. Con sede principal en la Ciudad de Buenos Aires, cuenta además con oficinas en Tigre, provincia de Buenos Aires, y en la Zona Franca de Montevideo, Uruguay. Beccar Varela combina una sólida experiencia local con una visión global.· www.beccarvarela.com

Buenos Aires, 14 de septiembre de 2026 - Baker Botts y Bruchou & Funes de Rioja asesoraron a San Matías Pipeline S.A. ("SMP"), un vehículo de proyecto único constituido por Pan American Energy, YPF, Pampa Energía, Harbour Energy y Golar LNG, y Milbank y Beccar Varela asesoraron a los prestamistas, en relación con un préstamo sindicado garantizado por USD 900 millones destinado a financiar la construcción del proyecto San Matías Pipeline.El financiamiento fue liderado por cuatro bancos internacionales de primer nivel (Citi, JP Morgan, Santander e Itaú) (los "Prestamistas").La construcción del proyecto está programada entre 2026 y mediados de 2028, abarcando el gasoducto de 472 km que conectará Tratayén, provincia del Neuquén, con el Golfo San Matías, Río Negro, con una capacidad de transporte de aproximadamente 27 millones de metros cúbicos de gas por día.La operación marca un hito para Argentina, asegurando el financiamiento de la infraestructura necesaria para integrar la producción de gas de Vaca Muerta con la capacidad de licuefacción y exportación en la costa atlántica. Este es un paso estratégico para desbloquear todo el potencial de Vaca Muerta y avanzar hacia el objetivo de la industria de establecer a Argentina como un exportador global de GNL.Asesores legales de SMP S.A.:Local:Bruchou & Funes de Rioja: Socios: José María Bazán (Banking - Project Finance), Leandro Exequiel Belusci (Banking - Project Finance), Pablo Muir (Impuestos) y Nicolás Dulce (O&G - M&A). Asociados: Quimey Lia Waisten (Banking - Project Finance), Marco Haas (Banking - Project Finance), Santiago Martín (Banking - Project Finance), Cecilia Calosso (Impuestos), María Gulias (O&G - M&A) y Lucas Rosso Alba (Impuestos).Internacional:Baker Botts: Socios: Mark Castillo-Bernaus y Veronica Relea. Counsel: Nic Kennedy. Asociados: Therese Detablan y Jennifer O'Donoghue.Asesores legales de los Prestamistas:Local:Beccar Varela: Socios: Ricardo Castañeda, Jimena Vega Olmos, Lucia Degano y Enrique López Rivarola. Asociada: Mora Mangiaterra Pizarro.Internacional:Milbank: Socios: Carlos Albarracín, Aled Davies y David Gartside. Special counsel: Adam Cowan. Asociados: Artem Gorodilov, Henry Morris, Agustin Videla y Josefina Arana Baldeón.Asesores legales de Pan American Energy:In-house: Juan Pablo Fratantoni y Teo Panich.Asesores legales de YPF:In-house: Fernando Gómez Zanou y María Inés Cappelletti.O'Farrell: Socio: Sebastian Luegmayer. Senior counsel: Nicolás Fernandez Madero.Asesores legales de Pampa Energía:In-house: María Agustina Montes y Maite Zornoza.Asesores legales de Harbour:In-house: Matías Giménez Gowland y Franco Lenzi.Martínez de Hoz & Rueda (MHR): Socio: Martín Lepiane.Asesores legales de Golar LNG:In-house: Pernille Noraas, Elizabeth Lord y Alejandro Figueroa.Nicholson y Cano: Socios: Mariana Guzian y Emiliano Silva. Asociados: Sofia Ravenna y Candela Da Silva.Asesores legales de Citibank y Citibank Argentina (como agente administrativo, agente intercreditorio, agente de la garantía internacional, banco administrador de cuentas internacionales, fiduciario local y agente de custodia local):Internacional:Nixon Peabody: Socios: Jonathan Winnick, Michael Tentindo y Elizabeth Taraila.Local:TCA Tanoira Cassagne: Socios: Alexia Rosenthal e Ignacio Criado Díaz. Asociado: Teófilo Trusso.

Beccar Varela advised FCA Compañía Financiera S.A. on the issuance of Class XX Notes in two series: Class XX Series I Notes (the “Series I Notes”) and Class XX Series II Notes (the “Series II Notes” and, together with the Series I Notes, the “Notes” or the “Class XX Notes”), issued under its global short, medium, and/or long-term notes program for a nominal value of US$100,000,000 (or its equivalent in other currencies, monetary units, or units of measure or value). The Series I Notes, denominated in Pesos, were issued on November 29, 2024, for a nominal value of UVAs 6,540,000, equivalent to AR$8,233,140,600. The maturity date is May 29, 2027, with an annual nominal fixed interest rate of 8.84%. The Series II Notes, also denominated in Pesos, were issued on the same date for a nominal value of AR$7,500,000,000. The maturity date is May 29, 2027, with an annual nominal fixed interest rate of 33.60%. The Notes were locally rated “AA(arg)” by FIX SCR S.A. (a risk rating agency) in a report issued on November 27, 2024. The Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on Mercado Abierto Electrónico S.A. FCA Compañía Financiera S.A. acted as the issuer, while Banco BBVA Argentina S.A. and Banco de Galicia y Buenos Aires S.A. acted as organizers and placement agents. Additionally, Banco Comafi S.A., Banco Patagonia S.A., and Banco Santander Argentina S.A. participated as placement agents. All parties were advised by Beccar Varela. Team led by partner Luciana Denegri, supported by María Victoria Pavani, Julián Alejandro Ojeda, Martina Puntillo, and Carlos Nicolás Saúl Lucero.·  

Florencia Heredia, an internationally recognized leader in natural resources, will head the firm’s Mining practice Agostina Martínez brings strong academic credentials and extensive national and international experience They join the existing team of partners Alejandro Poletto, Manuel Frávega and Juan Pablo Perrino to provide a comprehensive value proposition to clients in a context of significant industry growth Buenos Aires, April 15, 2026 — Beccar Varela announces the incorporation of Florencia Heredia and Agostina Martínez as new partners of the firm, as part of the strengthening of its Natural Resources: Mining practice. The addition of Heredia and Martínez—professionals recognized both locally and internationally in natural resources law, particularly in mining—represents a strategic step in consolidating the firm’s position in a key industry for Argentina’s development.   Florencia Heredia has over 35 years of experience advising companies and financial institutions on major mining project financings in Argentina. She has been involved in all of the most significant transactions in the sector and is widely recognized for her leadership and international expertise in natural resources and sustainability. She will now lead the firm’s Mining practice.   She is an active member of the International Bar Association, where she served as Chair of the Section of Energy, Environment, Natural Resources and Infrastructure Law (2022–2024), having previously served as Chair of the Mining Law Committee, and currently sits on the Management Board representing the Legal Practice Division. She also holds and has held key roles at The Foundation for Natural Resources and Energy (formerly the Rocky Mountain Mineral Law Foundation) and on international boards of companies in the sector. She has been recognized by Chambers and Partners and Legal 500 as a leading practitioner for more than 20 years, as well as Mining Lawyer of the Year by Lexology (formerly Who’s Who Legal) for over a decade and received the 2024 Lifetime Achievement Award from Lexology Index in London.   Florencia is also actively involved in academic fora and universities, serving as a visiting professor at the University of Denver and the University of Dundee, as well as at the Universidad Católica Argentina and the Universidad Católica de Cuyo, and as a member of the Academic Council of the Law School at Universidad Torcuato Di Tella.   Florencia was a partner at Allende & Brea and previously founder of Holt Abogados. Prior, she was a member of Beccar Varela for 16 years, where she led the Natural Resources and Environmental Law department. She holds a law degree from Universidad Católica Argentina (Faustino Legón Award) and a master’s degree in business law from Universidad Austral, among other specializations. She also obtained a Corporate Governance certification from INSEAD Business School, Fontainebleau, France, in 2026.   Agostina Martínez has more than 12 years of experience advising on natural resources law, with a focus on mining. She has participated in structuring complex transactions in the sector, combining strong academic training with hands-on experience at both local and international levels, having worked closely with Florencia Heredia for the past nine years. She has been recognized by Legal 500 and Chambers and Partners in Energy & Natural Resources: Mining.   Previously, she worked as a senior associate at Allende & Brea and was part of the Energy and Natural Resources team at Marval, O’Farrell, Mairal. She holds a law degree from Universidad Católica de Cuyo and an LL.M. in Mineral Law and Policy from the University of Dundee (UK).   Milagros Pieroni also joins as a senior associate, bringing experience in mining and environmental law, ESG and sustainability, in both the public and private sectors.   Maximiliano D’Auro, Managing Partner of Beccar Varela, stated: “The addition of Florencia, a recognized international leader, is aligned with our strategic objective of continuing to develop our Mining practice alongside a top-tier team, serving our clients with excellence and the highest standards of professional ethics. Her track record, leadership, and market recognition are key differentiators that will enhance our value proposition in the industry. Agostina’s arrival, having worked with Florencia for many years, further strengthens the team’s consistency and depth. Together with our Energy practice (Power and Oil & Gas), we now have one of the most solid and comprehensive integrated Natural Resources and Energy practices in the market.”   Florencia Heredia added: “It is a great joy and an honor to return to Beccar Varela and to lead the Mining practice in the context of the development of natural resources in the country and at this key stage of the global energy transition. There is a significant opportunity to support this new phase of growth in Argentina’s industry, and we look forward to contributing a strategic, integrated approach grounded in a more holistic and ethical vision of natural resources development.”   Agostina Martínez said: “I am very pleased to join Beccar Varela and to continue working alongside Florencia in this new stage. It is an honor to be part of a leading full-service law firm recognized for its trajectory and innovative approach.”   Florencia and Agostina strengthen the firm’s Natural Resources practice, with a particular focus on Mining, joining a team that includes the expertise of partners Alejandro Poletto in M&A, Manuel Frávega in Environmental Law, Climate Change and ESG, and Juan Pablo Perrino in Public Law.   Beccar Varela thus reinforces its Mining practice and, in coordination and synergy with its Energy areas, consolidates one of the most solid and comprehensive integrated Natural Resources, Mining and Energy practices in the market, providing clients with full-service advice in a rapidly expanding sector. About Beccar Varela Beccar Varela is a leading Argentine law firm founded in 1897, recognized for providing top-tier full-service legal advice to both domestic and international clients. With an innovative approach, its team is comprised of more than 160 highly skilled lawyers committed to the values of integrity, professionalism, respect, diversity, and social responsibility. Headquartered in the City of Buenos Aires, the firm also has offices in Tigre (Buenos Aires Province) and in the Montevideo Free Trade Zone (Uruguay). Beccar Varela combines strong local expertise with a global perspective.   www.beccarvarela.com   Media Relations Contact Santiago V. Gallo Head of Communications [email protected]   Angela Bensignor Communications Coordinator [email protected]    

Buenos Aires, December 27, 2024 — On December 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued (i) Class XVIII simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Argentine Pesos (the “Class XVIII Notes”); and (ii) Class XIX simple, non-convertible, unsecured notes, denominated, subscribed, and payable in U.S. Dollars in Argentina (the “Class XIX Notes”). The issuance was carried out under the Frequent Issuer Regime of the CNV, as part of the Global Notes Program for up to US$1,000,000,000 (or its equivalent in other currencies, units of measure, and/or value). The Class XVIII Notes were issued for a nominal value of AR$23,496,247,000 and will mature on April 30, 2025. These Notes accrue interest at an effective monthly rate of 3%, with both interest and principal payable in a single installment on the maturity date, April 30, 2025. The Class XIX Notes were issued for a nominal value of US$97,749,482 and will mature on June 4, 2025. These Notes accrue interest at a fixed nominal annual rate of 4.25%, payable quarterly. The first interest payment date is March 4, 2025, and the second is June 4, 2025. The principal will be repaid in a single installment on the maturity date, June 4, 2025. The Notes were locally rated “A1+(arg)” by FIX SCR S.A. on November 25, 2024, and have been authorized for listing and trading on Mercado Abierto Electrónico S.A. and Bolsas y Mercados Argentinos S.A. Banco de Galicia y Buenos Aires S.A.U., as the issuer, also acted as organizer and placement agent, while Galicia Securities S.A.U. and Inviu S.A.U. acted as placement agents. All parties were advised by Beccar Varela’s team led by Luciana Denegri, with the participation of María Victoria Pavani, María Carolina Pilchik, Martina Puntillo, and Carlos Nicolás Saúl Lucero.·

Beccar Varela advised Lake Resources on the closing of the transaction for the sale of three lithium brine assets to Austroid Corporation for USD 9 million. The transaction, previously announced, provides Lake Resources with additional liquidity. The funds will be used to support the company’s financial stability, enabling it to maintain its strategic focus and advance its flagship project, the Kachi Project. "With the transaction funds now received, along with additional capital-raising capacity available to the company, Lake Resources is well-positioned with strong financial liquidity until 2026," said CEO David Dickson. "With environmental approvals for the Kachi Project underway and the site engineering study progressing, we remain focused on the strategic partnership process for Kachi." The assets included in the transaction were lithium brine concessions and related assets located in Jujuy Province, Argentina: Paso de Jama, Olaroz, and Cauchari. Lake Resources continues to market its hard rock Ancasti assets in Catamarca Province, Argentina. The Beccar Varela professionals who advised Lake Resources were Alejandro Poletto, Santiago Montezanti, Enrique Lopez Rivarola, Juan Pablo Perrino, Cruza Uranga, and Trinidad Artagaveytia. Lake Resources' in-house counsel is Barbara Cozzi. The Berreta Godoy professionals who advised Austroid Corporation were Juan Sonada, Mariela Sas, Federico Delhom, and Paula Pittaro. Founded in 1897, Beccar Varela is a leading Argentine law firm. It advises national and international companies from diverse industries across all areas of corporate law. Its team comprises more than 160 specialized attorneys, many of whom have studied and worked in major cities around the globe. Beccar Varela is Argentina’s go-to firm for clients committed to ESG and corporate sustainability. It was the first full-service firm in the country to join the United Nations Global Compact and to present a Sustainability Report.