Aluar Aluminio Argentino S.A.I.C. is a company with domestic capital, managed in accordance with the most demanding international industry standards and in constant evolution. Thanks to a continuous investment plan, its current aluminum production capacity is 460,000 tons per year, enabling it to fully supply the domestic market and export 70% of its production to various markets, including NAFTA countries, Latin America, and Asia.

On June 13, 2024, Aluar issued hard-dollar fixed-rate Notes with a nominal annual rate of 6.00%, maturing on June 13, 2026, integrated and payable in U.S. dollars abroad, for an aggregate amount of US$50,000,000 (the “Series 9 Notes”).

The payment of the Series 9 Notes will be secured through Citibank, N.A., acting as the security agent (“Security Agent”), of a first-priority security right (pledge) in all funds deposited in the reserve account, where aluminum export collections of up to 125% of the principal and interest of the Series 9 Notes payable in the current month and the following six calendar months may accrue, subject to the laws of the State of New York, United States of America.

The Series 9 Note are listed and traded on Bolsas y Mercados Argentinos S.A. and Mercado Abierto Electrónico S.A., respectively.

It is noteworthy that the Notes feature a novel and unique structure not only due to the foreign law-governed guarantee but also because of the foreign law applicable to the obligation and the place of payment of the Notes.

The placement of the Series 9 Notes was managed by SBS Trading S.A. and Banco Santander Argentina S.A., acting as arrangers and placement agents (the “Arrangers”), and by Balanz Capital Valores S.A.U., Nación Bursátil S.A., Banco de la Provincia de Buenos Aires, Banco Comafi S.A., Macro Securities S.A.U., Banco Patagonia S.A., Alchemy Valores S.A., Banco Mariva S.A., and Industrial Valores S.A., acting as placement agents (together with the Arrangers, the “Placement Agents”). Additionally, TMF Trust Company Argentina S.A. will act as the representative of the holders of the Series 8 Notes (the “Bondholders’ Representative”).

Bomchil served as the legal advisor to Aluar, while Marval O’Farrell Mairal acted as legal advisor to the Placement Agents and the Bondholders’ Representative.

Linklaters LLP (New York) provided legal counsel to Citibank NA, the Security Agent.

Legal Advisors for Aluar Aluminio Argentino S.A.I.C.

Bomchil acted as external legal counsel to Aluar, with a team consisting of partner María Victoria Funes, and associates Luciano Zanutto and Yazmín Sophie Tek.

Legal Advisors for the Placement Agents and the Bondholders’ Representative

Marval O’Farrell Mairal acted as external legal advisor to the Placement Agents, with a team consisting of partners Gabriel G. Matarasso and Sergio Tálamo and associates Juan Pablo Lentino and Lautaro Penza, and as external legal advisor to the Bondholders’ Representative, with associate Martín I. Lanús.

Legal Advisors for Aluar Aluminio Argentino S.A.I.C. regarding U.S. Law

Linklaters LLP served as legal advisor to the Security Agent, with a team consisting of partners Michael Bassett, Conrado Tenaglia, and associates Juan Mata, Mattew Poulter and Emilio Minvielle.

Legal Advisors for the Security Agent regarding U.S. Law

Alston & Bird served as legal advisor to Brad Johnson and Dan Jouppi.