SAMI NEGOTIATION

As part of BYMA's operating routine, before each corporate event, it informs Market participants of an indicative price reference called the EX Price. In most corporate events, the construction of an EX Price is univocal and is determined using unique and pre-defined values. In other cases, where there are for example ranges or optionalities, the construction of such price requires establishing a criterion of interpretation of such conditions, which may not be univocal.

Such reference published by BYMA is indicative and non-binding, since it is not its role to fix price.

On today's date, BYMA published the reference Price EX 48 hs. of S.A. San Miguel AGICIyF (SAMI) in the context of the beginning of the subscription period of new shares that contemplates the issuance in favor of its shareholders, of subscription coupons.

The conditions of such subscription are fully and adequately detailed in the prospectus. Among others, it is worth mentioning:

• Suggested price range, to which an indicative price located in the middle of the price range is added.
• A share issue amount with an initial reference, with the possibility of being extended.

Understanding that the published EX Price biased the price formation process and in pursuit of market transparency and the proper construction of the trading venue; BYMA took the decision to cancel the existing trades in all terms in which they were traded and resume trading with an auction mentioning for its opening the closing price of April 3.

After the new opening auction and trading was restarted, trading proceeded normally, with a total of 539 trades, for 69,169 shares and an effective amount of $64 million, with a closing price of $898.