BYMA presented results and elected its Board of Directors

BYMA, Bolsas y Mercados Argentinos, held this Tuesday its fourth Shareholders' Meeting, where the authorities that will be part of the Board of Directors during the next period were defined, and the management results and financial statements ended on December 31, 2020, corresponding to the fourth fiscal year of the leading stock exchange in the local market, were presented. The net results showed a profit of 2,939,111,646 pesos. During the meeting, the milestones that promoted the evolution of the local market during 2020 and contributed to reach such figures were reviewed. Among them, the 100% online operation of the market in the context of the pandemic, the creation of digital tools for the financing of SMEs, the changes in the ratios of a large number of CEDEARs programs and the incorporation of Social, Green and Sustainable Bonds to their respective panel were highlighted.As a result of the vote carried out at the Assembly, the Board of Directors was formed as follows:

Authorities - BYMA Election 2021

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Auditory Committee

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In this regard, the president of BYMA, Ernesto Allaria, stated: "In a scenario of changes such as the one that characterized 2020, from the Stock Exchange we achieved good results. Our main milestone was to have traded and settled 100% remotely. We adapted to the challenging context and met the needs of Capital Market participants, focusing on the sectors most affected by the pandemic: SMEs and retail investors. With this vision, we developed a large number of key projects with a view to evolution."For his part, the CEO of BYMA, Alejandro Berney, commented on the projections for 2021: "For this new period we aim to continue investing in technology to guarantee standards of excellence adapted to the needs of investors. In addition, we will continue to develop financial instruments that will allow us to expand the scope of the Capital Markets, increase productive financing for SMEs and promote sustainable finance. The new board of directors is part of this strategic decision that aims at expanding the investment possibilities for Argentines and encouraging savings."Milestones of 2020:In general terms, BYMA experienced a significant increase in trading activity, in a situation in which foreign investors were absent. This increase helped to offset decreases in depository and operating financial revenues, the latter attributable to lower fees compared to the previous year. As a result, and with the boost from local investors, revenues were more balanced among the different asset classes.Notwithstanding the well-known adversities of the current local and global context, the Stock Exchange maintained its operating margin similar to last year. The average Mg EBITDA between markets globally reached 55% while BYMA achieved an adjusted EBITDA Margin of 59.8% thus showing the efficiency on which it has been working in recent years.Developments

• BYMA FONDOS. A platform was built that allows access to the placement of Mutual Funds; concentrates the settlement of subscriptions and redemptions, with efficiency and security; and enables integration with the settlement of operations arranged in BYMA.
• With the authorization of the CNV, the ratios of the 39 CEDEARs Programs were modified. Thus, this instrument began to be more accessible to small savers.
• BYMA Listings. This is the platform developed under blockchain technology that allows listed companies, remotely and without paper consumption, to comply with the obligations of the information regime.

TradingTechnological developments were made in OMS, DMA, BYMABOT (automatic development of operating algorithms) and Cloud Location, which together with the activity of Market Makers, collaborated to increase the volume of business. In equities, the "blind trading" modality was adhered to, aligning BYMA with global best practices.SME FinancingSeveral processes were developed to encourage and support financing instruments under favorable conditions for their users. Investments in systems and digitalization in the EPYME platform resulted in high security standards and the issuance and custody of echeqs, electronic credit invoices and digital promissory notes.Sustainability

• Social, Green and Sustainable Bonds. Companies were made aware of the importance of developing sustainable projects. During 2020, two marketable securities labeled as green for the construction of wind farms were incorporated.
• Campaign for Gender Equality. BYMA organized a new edition to promote more inclusive finance in Argentina.
• Financial Education. The BYMA EDUCA program was maintained with a federal approach and alliances with different private and regional universities; as well as the delivery of multiple courses and workshops organized by the IAMC.