How to invest in real estate in Argentina

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The content of this document is confidential and was developed by INMSA to provide preliminary and summarized information about this company and the investment opportunities offered by it and the use of this content for any other purposes shall not be allowed. This is exclusively for information purposes and it does not intend to be an offer or recommendation to acquire or sell any real estate or other values and it does not constitute an invitation to submit bids to acquire or sell any real estate or other values. Where applicable, INMSA will only provide preliminary information about investment opportunities and will handle the management processes thereof according to the instructions given by its clients.

The transfer, distribution or copy of this document shall not be allowed in any manner whatsoever and any violation to such rule, either regarding the entire document or part of it, shall constitute a violation of the applicable laws in the United States of America and other jurisdictions where INMSA operates and/or where this documents is submitted.

Any offer for real estate investment shall be exclusively performed by formally submitting all the necessary legal documents, which are not included herein, and such documentation must be revised and analyzed independently by each investor and their finance, legal and tax advisors and experts. In the event that any conflict arises between this document and the abovementioned legal documents, the latter shall prevail.

Neither INMSA nor its affiliates or subsidiaries, partners, directors, agents or employees make any representation or warranty, express or implied, about the accuracy or completeness of the information contained in this document and it shall not be considered as a promise or representation of any past or future performance. This information includes estimates, projections and analysis and judgment elements which have not been verified by INMSA or its affiliates, subsidiaries, partners, directors, agents or employees on an independent basis, therefore, no representations are made as to the accuracy of this information, for that reason, recipients of this information must conduct their own analysis process.

The conditions referred to in this document shall not constitute an offer to sell or an invitation to submit bids for the acquisition of securities or instruments, these conditions shall not apply to the territory of the United States of America and shall not available for investors residing in the United States of America or nationals of such country. Therefore, the instruments described herein have not been filed with the federal authorities of the United States, as enforced by the applicable regulations, in some cases, by the Securities Act of 1933 or with any other federal or state regulatory entity (and have not been filed with any other authority in a jurisdiction outside the United States of America).

INMSA is a company specialized in conducting the necessary management processes so that its clients can make profitable investments, by coordinating and facilitating the relationship between the investor and the different service providers and professionals (lawyers, accountants, realtors, real estate brokers, administrators, property management companies, contractors, service providers, financial entities and any other person and/or company involved in the investment process made by the investor), all of them being independent from INMSA, and their contracting is the sole and exclusive decision of the investor, under its own responsibility, releasing INMSA from any type of liability for any acts, actions and results performed by them.

Based on the above, neither INMSA nor its affiliates, subsidiaries, partners, directors, agents or employees shall liable, at civil, commercial or criminal level, for any damages that might be sustained by the investor when carrying out operations taking as reference the information, evaluations and opinions given by INMSA.