IMPORTANT NOTICE

NONE OF THE EXCHANGE OFFER, THE CONSENT SOLICITATION NOR THE NEW NOTES HAVE BEEN REGISTERED, AND WILL NOT BE REGISTERED, UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION, OTHER THAN ARGENTINA. THE NEW NOTES MAY NOT BE OFFERED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT TO ELIGIBLE HOLDERS IN COMPLIANCE WITH SECTION 4(A)(2) OR REGULATION S UNDER THE SECURITIES ACT, AS APPLICABLE.