Bomchil advises on Havanna S.A.´s inaugural issuance of Notes for US$ 18,534,790

Havanna S.A. (the "Issuer" or "Havanna", indistinctively) successfully completed the first issuance of series I notes (the "Series I Notes"), issued on July 8, 2025, under the global program for the individual issuance or co - issuance of notes (non-convertible into shares) for a nominal value of up to US$ 50,000,000 of the Issuer and Havanna Holding S.A., the controlling shareholder of Havanna. The Issuer will apply the funds obtained from the placement of the Series I Notes to the refinancing of liabilities(in particular, approximately 50% of the proceeds of the Series I Notes will be used for this purpose), investments in physical assets and capital goods located in the country, and the financing of working capital in the country.

Havanna is a leader in the artisan confectionery industry dedicated to the production, commercialization and export of alfajores, dulce de leche, biscuits and related products. It primarily operates under the modality of "coffee stores" or "specialized coffee shops", known as "Havanna Café", both in its own stores and through franchises. Havanna is one of the most prestigious and emblematic brands in Argentina, and one of the most important franchisors in the country. In order to maintain its high-quality standards, Havanna carries out the entire production process in its three (3) own plants, the main one being located in the city of Mar del Plata. Havanna has managed to position itself as a benchmark in the industry, maintaining its leadership in the local market and expanding its international presence.

The Series I Notes are denominated in U.S. dollars and payable in U.S. dollars in Argentina, were issued for an aggregate amount of US$ 18,534,790, at an issue price of 100% of its nominal value, will accrue interest at a fixed annual nominal interest rate of 8.75% and its maturity date will be on July 8, 2028.

Havanna was advised by Nicholson y Cano Abogados, while Bomchil advised Macro Securities S.A.U in its role as arranger and placement agent, and Banco Patagonia S.A., Banco Comafi S.A., Industrial Valores S.A., Puente Hnos. S.A. and Invertir en Bolsa S.A. in their role as placement agents.

Legal Advisors to Havanna:
Nicholson y Cano Abogados: Partner Marcelo Villegas. Associates Juan Martín Ferreiro, Jesica Pabstleben, Andrea Schnidrig and Solana Mac Karthy.

Legal Advisors to the arrangers and placement agents: