MARKET 1999 End of year values - Includes only effectively traded issues VALUE

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1 FACT BOOK MARKET OF LISTED GOVERNMENT BONDS End of year values Includes only effectively traded issues BOND SYMBOL Peso denominated bonds BAPX3 BCOR1 BCOR2 BORN1 BPRO1 ERBA1 ERIO1 LE60 LEX49 LEX54 PRE1 PRE3 PRO1 PRO5 SALT1 Dollar denominated bonds ABAX1 BAPX1 BCDF1 BCHD1 BCHD2 BCHD3 BGOD2 BGOD3 BOGA1 BOGA2 BOGX BOGX3 BOGX4 BOGX5 BOGX6 BOGX7 BOGX8 Face value in pesos Face value in US dollars (3) Face value in euros FACE 150,000, ,528,000 46,640,000 10,968, ,073,025 14,879, , ,601, ,000, ,850, ,644, ,604,814 2,900,023,389 48,918,170 55,363,600 41,250, ,000,000 80,000,000 30,000,000 40,000,000 30,000,000 72,600, ,180,000 9,998,781 1,751,271 2,050,000,000 1,200,000,000 1,300,000,000 4,075,000,000 3,435,086,000 1,000,000,000 1,000,000,000 MARKET (US$ 000) 140,607 84,885 16,324 7, ,287 17, , , , , ,427 2,726,022 32,946 30,450 31, ,158 31,200 20,100 25,080 22,800 72, ,252 8,399 1,375 1,947,500 1,212,000 1,272,050 4,024,063 3,057,227 1,000,000 1,110,000 Buenos Aires Stock Exchange 23

2 MARKET OF LISTED GOVERNMENT BONDS End of year values Includes only effectively traded issues BOND SYMBOL Dollar denominated bonds BOGX9 BOHI1 BONEX92 BORD1 BOT10 BPRD1 BT02 BT03 BT04 BT05 BT06 CERU1 DIS FORM1 FORM2 FRB LE52 LE56 LE57 LE58 LE59 MRPX1 PAR PRE2 PRE4 PRO2 PRO3 PRO4 PRO6 SALD1 TPRD1 TTUX2 TUCU1 Euro denominated bonds (3) LX61C TOTAL Face value in pesos Face value in US dollars (3) Face value in euros FACE 1,750,000,000 42,524, ,261,050 10,968,000 72,200,000 18,373,886 2,767,038,000 1,078,349,000 1,112,846,000 1,270,994,069 2,897,790,747 53,116,123 2,537,758,000 70,000,000 36,000,000 6,892,798,000 1,168,543, ,901, ,746, ,200, ,525,000 68,750,000 7,206,846, ,893,936 1,792,015, ,188,957 3,259, ,667, ,638,757 31,766,000 21,000, ,714,286 17,500, ,000,000 MARKET (US$ 000) 1,769,775 45, ,581 8,884 84,330 18,741 2,671, , ,273 1,273,536 2,947,053 75,425 2,029,953 69,125 32,760 5,583,166 1,143, , , , ,816 39,627 4,774,535 1,179,676 2,284, ,862 1, , ,054 24,777 20,869 75,321 15,313 44,798 52,588,263 Buenos Aires Stock Exchange 24

3 FACT BOOK OF GOVERNMENT BOND TRADING DURING Floor trading and Computer assisted trading / B TRANSACTION TYPE / BOND Cash Trades Bonex Bonex coupons Consolidation bonds Other federal bonds Other government bonds coupons Forward Trades Bonex Bonex coupons Consolidation bonds Other federal bonds TOTAL Traded par value STRUCTURE OF GOVERNMENT BOND TRADING During / B TRANSACTION TYPE / BOND Cash Trades Bonex Bonex coupons Consolidation bonds Other federal bonds Other government bonds coupons Forward Trades Bonex Consolidation bonds Bonex coupons Other federal bonds TOTAL PAR 928,104, ,561,787 1,865,105,949 2,073,144,312 7,361, ,355,275 7,844, ,433, ,451,888 5,959,363,499 (US$) TRADING (US$) 885,191,175 22,626,685 1,795,745,020 1,966,705,221 2,134, ,634, , ,012, ,910,346 5,639,159,078 % OF TOTAL TRADING Buenos Aires Stock Exchange 25

4 WORTH OF INVESTMENT S End of year values In US$ Argentine Equity Funds ABN AMRO Acciones Ahorro Global Alianza de Capitales Almafuerte Aqumular Acciones Argenfond Argen I Atlas BF Calificado BNL Acciones BNPVAE Renta Variable Arg. Cardinal Acciones CMA Argentina CMF Stocks Columbia Acciones Credicoop Renta Variable Arg. DB Equity Del Buen Ayre Delval Del Atlántico F.I.A. FBA Calificado Federación I Fima PB Acciones Fima Acciones Independiente Industrial Investire Acciones Invesco Condor Fund Italfond Acciones Latin Fund Acciones Arg. Libertador Litoral Lombard Acciones Marinver Mercosur Renta Variable 1784 Acciones 1784 Mega Multiacción AR Nuevo Numancia Optimun Vae Renta Variable Arg. Pellegrini Acciones Pionero Crecimiento Premier Acciones Provincia Valores Mobiliarios Rembrandt Acciones Argentinas Quilmes Rentamas Fund entered during Fund retired during WORTH 221,359, ,747 1,428,530 1,262,899 6,219, , ,145 1,143,047 3,800, ,357 1,106,172 1,150,311 1,981,469 5,399,725 31, ,382 3,856, ,015 4,876,346 12,804, ,252 24,972 3,695, , ,268 3,167,520 1,082, , , ,599 31,103,848 13,679,646 1,493, ,682 3,361,481 1,108,580 9,378,059 2,471, ,603 3,535,396 9,982,349 % Y % YEARLY CHANGE 3.10% 9.71% % % 15.07% 42.24% 16.53% 59.05% 23.03% % 7.12% 71.27% 11.67% 79.68% 19.63% 80.77% 14.29% 2.61% 16.39% 3.03% 35.05% 15.68% 13.47% 0.41% 1.42% 3.30% 1.22% 61.40% 7.90% 5.89% 49.98% 39.59% Buenos Aires Stock Exchange 26

5 FACT BOOK ET WORTH OF INVESTMENT S End of year values In US$ Argentine Equity Funds Rioplatense Roble Acciones Líderes Roble Acciones Argentinas SG Acciones SB Bourse Found Smim Renta Variable Smim Renta Variable Crecimiento Solidario Superfondo Acciones Superfondo Renta Variable Tavelli Plus Unión Univalor Victoria Latin American / Global Equitys Fund Aleph Renta Variable BF Acciones Globales Capital Mega Capital Piano CMA América CMA Europa Consultatio MFS American Fund FBA Acciones Globales Invesco Utilites Fund RNB Renta Variable BNPVEE Renta Variable Econ. Emerg Brasil Consultatio Growth Lat. Am. Fund Latin Fund Acción Latin. Smim Latin América Smim Total Superfondo Latinoamérica Optium VEE Renta Variable de Econ. Emerg. VX Mercosur Equity TOTAL EQUITY S Fixed Income (Pesos) ABN AMRO Bonos Renta Pesos Ahorro Renta Fija Aleph Renta Fija Pesos Argen V Argenfond Renta Atlas Diversificado Pesos Fund entered during Fund retired during WORTH 1,675,620 8,038,790 2,608,238 10,171,250 13,485,928 25,483, ,751 16,800,311 6,051,572 1,781,399 81, ,273, ,099 3,052,417 6,499,433 15,414,508 12,600,112 54,937,066 4,347,626 6,362,275 4,299,761 28,028,448 36,129,915 15,271,068 4,630,792 6,546,153 S/R 419,633,426 82,594,018 11,301 2,371,480 S/R 5,089, % Y % YEARLY CHANGE 25.01% 66.40% 8.63% 2.01% 83.25% 11.27% 14.29% 9.39% 50.53% 8.67% 1.49% 86.61% 28.47% % % 27.49% 51.01% 24.28% 8.02% 30.75% 60.14% 98.90% 6.25% Buenos Aires Stock Exchange 27

6 WORTH OF INVESTMENT S End of year values In US$ Fixed Income (Pesos) BF Bonos BGN Renta BNL Maxi Renta en Pesos BNPFAE Renta Fija Argentina Cardinal Premium CB Income Pesos Fund CMF Yields Credicoop Renta Fija Cuyano Fima Renta Pesos Invesco Patagonia Fund Investire Maxi Renta en Pesos Latin Fund Renta Fija Argentina Latin Fund Renta Fija Latin. Litoral Renta Fija Lombard Renta Fija en Pesos Lombard Premium en Pesos Mercado Monetario Mercosur Provincial y Municipal 1784 Renta Plus 1784 Classic Pesos Numancia Renta en Pesos Optimum FAE Renta Fija Argentina Pellegrini Renta Pública Mixta Pionero Renta en Pesos Provincia Renta $ Rembrandt Renta Pesos RNB Renta Fija en Pesos Smim Renta Fija SB Income Pesos Fund Superfondo Renta Pesos Tavelli Mix VX Renta Fija II Fixed Income (US Dollars) ABN AMRO Bonos Crecimiento ABN AMRO Bonos Renta Dólares ALEPH Renta Fija en Dólares Aqumular Ahorro en Dólares Aqumular Renta en Dólares Argen VI Argen II Atlas Diversificado Dólares BNL Renta Plus en Dólares BNL Maxi Renta en Dólares BNPFEE Renta Fija de Econ. de Emer. Cardinal Renta en Dólares Fund entered during Fund retired during WORTH 277, ,949 1,514,972 6,159,806 2,365,185 15,763 1,933, ,809 1,211,075 15,178,511 13,882,305 1,014,380 1,417,047 5,562,528 57,074 1,278,625 6,383,681 1,227, ,257 10,102,337 3,788,178 S/R 671,725,498 2,369, ,600 4,701,017 S/R 189, ,920,374 % Y % YEARLY CHANGE 95.57% 26.58% 35.75% 95.41% 34.54% 82.95% 44.26% 49.32% 23.22% 56.89% 88.69% 91.30% 82.89% 85.92% 48.71% 36.26% 25.62% 23.66% 51.95% 95.67% 0.00% % Buenos Aires Stock Exchange 28

7 FACT BOOK WORTH OF INVESTMENT S End of year values In US$ Fixed Income (US Dollars) Cardinal Maxidólares CMA Renta Fija CMF Yields Dólares Columbia Renta Dólares Compass América Latina Renta Fija Consultatio Income Lat. Am. Fund Copernico Alliance BR Renta Fija Credicoop Renta Fija Dólar DB FIX Del Buen Ayre Renta Fija Dólares FBA Bonos FBA Renta Fima Renta Corto Plazo Fima Renta Dólares Francés Renta Invesco Patagonia Fund Invesco Pucara Fund Invesco Puma Investire Maxi Renta en Dólares Investire Renta Plus en Dólares Latin Renta Fija Argentina Latin Renta Fija Latin Lombard Premium en USD Lombard Renta Fija en Dólares Mercosur Renta Fija en Dólares 1784 Renta en Dólares 1784 Classic 1784 Maxi Dólares Numancia Renta en Divisas Optium FEE Renta Fija de Econ. de Emerg. Pellegrini Renta Pública Dólares Pionero Maxi Renta Dólares Pionero Renta Dólares Premier Bonos CP en Dólares Premier Bonos MP en Dólares Provincia Renta Dólares Rembrandt Bonos Crecimiento Rembrandt Renta Dólares Rioplatense Renta Fija RNB Renta Fija en Dólares Roble Deuda Privada Roble Renta Fija Roble Renta Fija Corto Plazo Roble Renta Privada Smim Renta Fija en Dólares SB Income Dollar Fund SB Income Mediano Plazo Fund entered during Fund retired during WORTH 1,363,020 1,875, ,118 31,403 4,125,155 19,248,756 7,233,510 3,414, ,742 13,618, ,750,747 5,524,400 16,329,522 2,026, ,009 5,929,158 14,234,493 3,686,180 11,037,633 2,438,512 13,894, ,369 78,546,604 45,673,704 44,308,074 1,251,679 1,201, ,866 7,002 1,600,349 1,423,303 15,519,862 3,914,416 8,769,936 18,665, ,187 9,542,795 15,347,845 9,025,787 8,583,682 18,272,011 % Y % YEARLY CHANGE 35.40% 27.35% 5.46% 73.61% 73.80% 76.45% 35.86% 46.11% 7.20% 58.41% 46.97% 10.70% 29.45% 8.27% 43.78% 16.20% 10.23% 99.23% 75.89% 48.15% 73.87% % 73.29% 63.92% Buenos Aires Stock Exchange 29

8 WORTH OF INVESTMENT S End of year values In US$ Fixed Income (US Dollars) SB Income Dollar Largo Plazo Fund SB Premium Fund Societe Generale Renta Fija Dólares Superfondo Inversores U$S Superfondo Renta Fija Dólares Superfondo Renta Latinoamericana Superfondo Renta U$S Superfondo U$S Plus VX Renta Fija VX Renta Fija II Certificates of Deposit (Pesos) ABN AMRO Ahorro Pesos Argenfond Corto Plazo BF Renta Pesos BGN Corto Plazo BNL Renta en Pesos BNP Cert. Depósitos Bancarios Cardinal Ahorro Pesos Cardinal Renta Pesos Columbia Global DB Ahorro Pesos FBA Renta Pesos Fortaleza Investire Renta en Pesos Lombard Ahorro en Pesos Marinver IV Marinver II Renta Fija en M/N 1784 Ahorro Pesos Nuevo Renta Pesos Optimun Cert de Dep Bancarios Pellegrini Renta Pesos Pionero Financiero Pesos Premier Renta CP en Pesos QUIB Renta Fija Rembrandt Ahorro Pesos Roble Ahorro Pesos SB Choice Fund SG Renta a Corto Plazo Smim Ahorro Superahorro Pesos Superfondo BR Ahorro Pesos Superfondo Ahorro Pesos Certificates of Deposit (US Dollars) ABN AMRO Ahorro Dólar BF Renta Dólares Fund entered during Fund retired during WORTH 375,553 12,333,991 18,846,922 24,307,854 3,577,265 43,549,389 13,904,815 S/R 1,695,835,868 8,393,985 6,787, , ,966,787 24,816, ,237,124 25,899, ,789,464 22, ,673,360 21,882,173 6,208,194 46,765,412 97,596, ,065,964 41,473,178 22,353, ,239, ,562,138 3,180,361,321 % Y % YEARLY CHANGE 85.18% 2.06% 30.07% 41.62% 13.92% 47.68% 9.18% 3.46% 33.20% 25.61% 22.09% 2.97% 78.94% 62.86% 41.77% 2.67% 1.20% 45.17% 25.25% Buenos Aires Stock Exchange 30

9 FACT BOOK WORTH OF INVESTMENT S End of year values In US$ Certificates of Deposit (US Dollars) BNL Renta en Dólares Cardinal Ahorro Dólares DB Ahorro Dólares Dólar Plus FBA Renta Dólares Investire Renta en Dólares Invesco Ahorro Dólares Lombard Ahorro en USD Marinver III Renta Fija en Dólares 1784 Ahorro Dólares Nuevo Renta Dólares Optimum CDB Dólar Pellegrini Renta Dólares Pionero Financiero en Dólares Premier Renta CP en Dólares Rembrandt Ahorro Dólar Roble Ahorro Dólares SB Prime Fund SG Renta Corto Plazo Dólares Smim Ahorro Dólares Superfondo Ahorro Dólares Super Ahorro Dólares Superfondo BR Ahorro Dólares TOTAL FIXED INCOME Mixed Income ABN AMRO Global Aleph Mixto Argenfond Global Atlas DIV $, U$S y otras mon BF Total BGN Global Fund BNL Global BNL Global en Dólares BR Mix Capital Mix CMA Emergente CMF Allocations Compass Am.Lat.Fon. Balanceado Consultatio Balance Lat. Am. Fund Consultatio Boz. Simon. Brasil DB Global FBA Total Federación II Fima Mix Fima Mix Plus Fund entered during Fund retired during WORTH 24,716,565 45,640, ,046, ,896, , ,965, ,301,031 2,183,675 49,966,579 80,816,499 6,032,900 62,213, ,056, ,706, ,852,619 4,785, ,220, ,718,346 5,630,516, ,059,012 2,326, ,401 6, ,508 1,614, ,041 11,354,360 49,594,726 23,638, ,530, ,270,394 3,559,252 % Y % YEARLY CHANGE 23.61% 13.11% 94.88% 23.56% 0.91% 16.59% 63.72% 54.84% 16.63% 16.89% 2.06% 18.35% 86.94% 26.72% 31.40% 65.13% 17.24% 47.56% 50.85% 42.06% Buenos Aires Stock Exchange 31

10 WORTH OF INVESTMENT S End of year values In US$ Certificates of Deposit (US Dollars) Investire Global Investire Global en Dólares Latin Fund Mixto Global Leccorp Plus Marinver Mercosur 1784 Mix 1784 Mix Crecimiento 1784 Mix Renta Pampa Potencia Premier Global Rembrandt Global RNB Mixto Roble Diversificado Selecto SG Global Superfondo Mix Toronto Trust Closed End Funds Boca Juniors Latin American Fund Superfondo Agrario 97/99 Superfondo Inmobiliario Superfondo Garantizado Money Funds (Pesos) Argen III CMF Smart Money M. Fund Pesos Fima Money Market Pesos Provincia Pesos Money Funds (US Dollars) Aleph Money Market en Dólares Argen IV CMF Smart Money Mar. Fund Dólares Fima Money Market Dólares Provincia Dólares RNB Money Market en Dólares TOTAL WORTH 5,327,094 2,149,816 1,047,037 1,634,903 6,020,345 21,400,374 15,017,607 2,107,697 5,519, ,540 10,203,372 4,956,907 2,471,433 8,317,225 21,526,388 91,469,508 15,515,503 43,435,821 10,200,740 22,317, ,237,480 10,251,581 18,985, ,322,156 57,677, ,776,311 9,252,164 25,003,661 7,525, ,599,863 42,395,232 7,079,692,442 Source: Cámara Argentina de Fondos Comunes de Inversión. Fund entered during Fund retired during % Y % YEARLY CHANGE 7.58% 9.45% 1.78% 24.86% 71.51% 23.14% 38.10% 57.25% 3.77% 46.31% 19.04% 17.45% % 5.99% 29.24% % 32.22% 36.22% 2.16% 17.70% 78.87% 14.82% 24.05% 2.52% Buenos Aires Stock Exchange 32

11 FACT BOOK APPRECIATION OF INVESTMENT S DURING Argentine Equity Funds AQUMULAR ACCIONES CMF STOCKS INVESCO CONDOR ROBLE ACCIONES LIDERES LITORAL SUPERFONDO RTA. VARIABLE AHORRO GLOBAL PROVINCIA VALORES MOBIL. SMIM RENTA VARIABLE SUPERFONDO ACCIONES ROBLE ACCIONES ARGENTINAS SB BOURSE FOUND LATIN ACCIONES ARG COLUMBIA ACCIONES 1784 ACCIONES ARGEN I F.I.A. SMIM RENTA VARIABLE CRECIM MEGA RIOPLATENSE MERCOSUR RENTA VARIABLE CMA ARGENTINA PELLEGRINI ACCIONES CARDINAL ACCIONES DELVAL PIONERO CRECIMIENTO FIMA PB ACCIONES ITALFOND ACCIONES DEL BUEN AYRE ARGENFOND FIMA ACCIONES NUEVO NUMANCIA FEDERACION I UNIVALOR TAVELLI PLUS ATLAS ALIANZA DE CAPITALES INDUSTRIAL INDEPENDIENTE SOLIDARIO DEL ATLANTICO Latin American / Global Equity Funds SMIM LATIN AMERICA INVESCO UTILITIES 1784 BRASIL SUPERFONDO LATINOAMERICA % C % CHANGE % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % 5.425% 4.967% 4.396% 1.405% 0.502% 0.270% 3.336% 6.850% 7.134% % % % % % According to net worth (as of December 31, ) RANK Buenos Aires Stock Exchange 33

12 APPRECIATION OF INVESTMENT S DURING Latin American / Global Equity Funds LATIN ACCIONES LATIN % CONSULTATIO GROWHT LAT.AM % SMIM TOTAL % Fixed Income (Pesos) PROVINCIA RENTA $ PIONERO RENTA EN PESOS CMF YIELDS LITORAL RENTA FIJA LOMBARD PREMIUM EN PESOS MERCOSUR PROV Y MUNICIPAL TAVELLI MIX SMIM RENTA FIJA PELLEGRINI RTA. PUBLICA MIXTA NUMANCIA RENTA EN PESOS LOMBARD RTA. FIJA EN PESOS 1784 CLASSIC PESOS 1784 RENTA PLUS FIMA RENTA PESOS SUPERFONDO RENTA PESOS AHORRO RENTA FIJA CARDINAL PREMIUM ATLAS DIVERSIFICADO PESOS Fixed Income (US Dollars) SUPERFONDO RENTA LATINOAMER. CARDINAL MAXIDOLARES PIONERO RENTA DOLARES CMA RENTA FIJA CMF YIELDS DOLARES FIMA RENTA CORTO PLAZO PIONERO MAXI RENTA DOLARES LOMBARD PREMIUM EN USD NUMANCIA RENTA EN DIVISAS SB INCOME DOLLAR PROVINCIA RENTA DOLARES ROBLE RENTA FIJA MERCOSUR RENTA FIJA EN DOLARES SUPERFONDO INVERSIONES U$S SUPERFONDO U$S PLUS 1784 RENTA EN DOLARES PELLEGRINI RENTA PUBLICA DOLARES SUPERFONDO RENTA U$S SUPERFONDO RENTA FIJA DOL LOMBARD RENTA FIJA EN DOL 1784 CLASSIC FIMA RENTA DOLARES % C % CHANGE % % % % % % % % % % % % 9.482% 8.669% 8.352% 5.516% 4.605% 3.023% % % % % % % % % % % % % 9.989% 9.924% 9.766% 9.665% 9.590% 9.559% 9.374% 9.284% 9.077% 8.477% According to net worth (as of December 31, ) RANK Buenos Aires Stock Exchange 34

13 FACT BOOK APPRECIATION OF INVESTMENT S DURING Certificates of Deposit (pesos) CONSULTATIO INCOME LAT. AM. INVESCO PUMA COLUMBIA RENTA DOLARES ROBLE RENTA FIJA CORTO PLAZO SB INCOME DOL LARGO PLAZO AQUMULAR RENTA EN DOLARES 1784 MAXI DOLARES SMIM RENTA FIJA EN DOLARES DEL BUEN AYRE RTA. FIJA DOL AQUMULAR AHORRO EN DOLARES CARDINAL RENTA EN DOLARES ATLAS DIVERSIFICADO DOL. ARGEN II Certificates of Deposit (Pesos) PIONERO FINANCIERO PESOS SB CHOICE ROBLE AHORRO PESOS 1784 AHORRO PESOS SUPERFONDO AHORRO PESOS LOMBARD AHORRO EN PESOS FORTALEZA PELLEGRINI RENTA PESOS SMIM AHORRO COLUMBIA GLOBAL NUEVO RENTA PESOS Certificates of Deposit (US Dollars) LOMBARD AHORRO EN USD SB PRIME PIONERO FINANCIERO EN DOLARES CARDINAL AHORRO DOLARES PELLEGRINI RENTA DOLARES ROBLE AHORRO DOLARES DÓLAR PLUS SUPERFONDO AHORRO DOL AHORRO DOLARES NUEVO RENTA DOLARES Mixed Income % C % CHANGE 8.443% 8.429% 7.960% 7.868% 7.706% 6.745% 6.668% 6.593% 6.157% 6.045% 5.728% 4.950% % 7.701% 7.511% 7.394% 7.363% 7.355% 7.352% 7.326% 7.325% 6.911% 5.688% 5.120% 6.269% 6.183% 6.111% 6.035% 5.977% 5.656% 5.623% 5.611% 5.446% 0.722% CAPITAL MIX % CONSULTATIO BOZ.SIMON. BRASIL % CMA EMERGENTE % 1784 MIX CRECIMIENTO % POTENCIA % CONSULTATIO BALANCE LAT. AM % RANK Buenos Aires Stock Exchange 35

14 APPRECIATION OF INVESTMENT S DURING Certificates of Deposit (pesos) CMF ALLOCATIONS 1784 MIX RENTA ROBLE DIVERSIFICADO SELECTO MERCOSUR FIMA MIX ATLAS DIV $, U$S Y OTRAS MON FIMA MIX PLUS 1784 MIX PAMPA TORONTO TRUST Closed End Funds SUPERFONDO INMOBILIARIO BOCA JUNIORS LATIN AMERICAN Money Funds (Pesos) CMF SMART MONEY M. PESOS PROVINCIA PESOS ARGEN III FIMA MONEY MARKET PESOS Money Funds (US Dollars) CMF SMART MONEY MAR. DOL ARGEN IV PROVINCIA DOLARES FIMA MONEY MARKET DOLARES % C Source: Cámara Argentina de Fondos Comunes de Inversión. % CHANGE % % % % 9.457% 9.400% 8.910% 8.085% 7.844% 5.468% 3.489% % % % 8.159% 7.330% 7.035% 6.786% 7.237% 5.964% 5.567% 5.565% RANK Buenos Aires Stock Exchange 36

15 FACT BOOK RICE / B PRICE RICE / BOOK RATIOS SECTOR Industrial Companies Financial Institutions Public Utilities Others / B Composite PRICE / BOOK RATIOS Composite January / December /30/ /31/ /31/99 J F M A M J J A S O N D Buenos Aires Stock Exchange 37

16 Buenos Aires Stock Exchange 38 DAILY DAILY DAILY DAILY DAILY CLOSINGS CLOSINGS CLOSINGS CLOSINGS CLOSINGS OF OF OF OF OF BASE BASE BASE BASE BASE COMPOSITE COMPOSITE COMPOSITE COMPOSITE COMPOSITE INDEX INDEX INDEX INDEX INDEX December 29, 1977=0,00001 MAY 22, , , , , , , , , , , , , , , , , , , , , APRIL 17, , , , , , , , , , , , , , , , , , , , , FEBRUARY 16, , , , , , , , , , , , , , , , , , , , , DAY Aver. MARCH 16, , , , , , , , , , , , , , , , , , , , , , , , JUNE 20, , , , , , , , , , , , , , , , , , , , , JANUARY 17, , , , , , , , , , , , , , , , , , , , ,198.13

17 Buenos Aires Stock Exchange 39 FACT BOOK DAILY DAILY DAILY DAILY DAILY CLOSINGS CLOSINGS CLOSINGS CLOSINGS CLOSINGS OF OF OF OF OF BASE BASE BASE BASE BASE COMPOSITE COMPOSITE COMPOSITE COMPOSITE COMPOSITE INDEX INDEX INDEX INDEX INDEX December 29, 1977=0,00001 NOVEMBER 20, , , , , , , , , , , , , , , , , , , , , , , OCTOBER 19, , , , , , , , , , , , , , , , , , , , , AUGUST 18, , , , , , , , , , , , , , , , , , , , , , DAY Aver. : no trading SEPTEMBER 19, , , , , , , , , , , , , , , , , , , , , , , DECEMBER 20, , , , , , , , , , , , , , , , , , , , , , JULY 20, , , , , , , , , , , , , , , , , , , , , ,329.22