21 April 2023

Series No. XLI Notes and Series No. XLII of Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria

On April 4, 2023, Cresud successfully completed the placement and issuance of Series No XLI  for an aggregate of ARS 4.147.329.600, which will bear a variable interest rate, at an issuance price of 100% of face value, and will mature on October 4, 2024; and the placement and issuance of the Series No XLII for an aggregate of USD 30.045.566, which will bear a fixed interest rate of 0,00%, at an issuance price of 100% of face value, and will mature on May 4, 2026.

The offer was directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for negotiation in Mercado Abierto Electrónico S.A.

Zang, Bergel & Viñes Abogados advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria ("Cresud " or the "Company") in the issuance of Series No XLI (“Series No XLI”) and Series No XLII (“Series No XLII” and together with the Series No XLI, the "Notes") transaction, under its Global Notes Program (not convertible into shares) for up to USD 500,000.000 (US Dollars five hundred million) (or its equivalent in other currencies or units of value).

Pérez Alati, Grondona, Benites & Arntsen advised BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Banco Patagonia S.A., Banco de Servicios y Transacciones S.A., Banco de la Provincia de Buenos Aires, Facimex Valores S.A., Max Capital S.A., Banco Supervielle S.A., Balanz Capital Valores S.A.U., Puente Hnos S.A., Petrini Valores S.A. Invertir en Bolsa S.A. and Latin Securities S.A. as placement agents of the Notes (the “Placement Agents”).

Counsel to CRESUD.

Zang, Bergel & Viñes Abogados acted as counsel through Carolina Zang, María Angélica Grisolia and Nadia Dib.

Counsel to the Placement Agents 

Pérez Alati, Grondona, Benites & Arntsen acted as legal advisor to the placement agents through Diego Serrano Redonnet, Alejo Muñoz de Toro, Nahuel Perez de Villarreal y Juan Ignacio Rodriguez Goñi.

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