ICBC Personales XI Financial Trust

TMF TRUST Company (Argentina) S.A. (Equity Trust Company (Argentina) S.A.), in its capacity as financial trustee of ICBC Personales XI Financial Trust (the “Trust”), has issued securities for a total amount of Ar$ 192,797,604. The issuance took place on March 25, 2014, including Debt Securities for Ar$ 173,517,844 (“DebtSecurities”) and Certificates of Participation for Ar$ 19,279,760 (“CP”).

This transaction was authorized for public offering by the Comisión Nacional de Valores (the Argentine Securities Commission) and is listed in the Buenos Aires Stock Exchange and Mercado Abierto Electrónico S.A.

The Trust was created under the Global Program “SB FIDEICOMISOS”, established by Industrial and Commercial Bank of China (Argentina) S.A., an Argentine financial institution authorized to act as commercial bank.

The settlor of the Trust is Industrial and Commercial Bank of China (Argentina) S.A.

The Trust holds all rights to receive the proceeds from the cash flow of the collection of personal loans granted by the Industrial and Commercial Bank of China (Argentina) S.A.

Moody´s Latin America Calificadora de Riesgo S.A. assigned an “Aa2.ar (sf)” rating to Class A and Class B Debt Securities; and “Ba1.ar (sf)” to the Certificates of Participation.

Price Waterhouse & Co. S.R.L. is the Trust Auditor, and Industrial and Commercial Bank of China (Argentina) S.A. is the Arranger.

Marval, O’Farrell & Mairal acted as the legal advisor of the Settlor, through a team consisting of partner Roberto E. Silva, Jr. and associates María Cecilia Roude and Martín Lanús.

Bruchou, Fernández Madero & Lombardi acted as the legal advisor of the Trustee, through a team consisting of partner Carlos E. Lombardi and associates Andrés Chester and Martín Chindamo.