Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 118

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 118
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 respectively.

| b) | Remuneration of the Executive 
 Committee                     |

The total compensation and benefits accrued in
2024 and 2023 for Executive Committee members who are not members of the Board of Directors amounted to 3,294,308,021 and 3,066,722,583,
respectively. These amounts include the annual salary and a performance bonus.

The criteria for granting and paying the performance
bonus vary depending on the activities carried out by different areas. Consequently, the payment of bonuses may differ based on the department
and the specific activities performed by each member.

| c) | Stock Compensation Plans |

TMA has participated in various compensation plans
implemented by Telefónica. These plans are implemented by granting a certain number of Telefónica shares, based on the degree
of achievement of the commercial and institutional goals set for the Telefónica Group.

The total expense accrued in 2024 for the outstanding
shares granted to the Board of Directors and the Executive Committee amounted to 2,858 million pesos.

| 19. | Legal Provisions |

| a) | Officially Sealed Books |

TMA has recorded its operations in the general
journal using an accounting registration system through optical media, authorized by the IGJ under No. 7,251 on November 7,
2011, which at that time was the regulatory entity of corporations.

The Company uses various commercial systems in
the process of issuing invoices to customers, with the information subsequently being recorded in the sales subledger.

Due to delays in the book legalization process,
the details of sales from January to April 2024 are based on the accounting records transcribed into officially sealed books
dated after the recorded transactions.

| b) | Treasury Shares |

As a result of the merger described in Notes 1
and 21 of these Financial Statements, and due to the share exchange ratio resulting from the such merger, on May 2, 2024, the Company's
Shareholders' Meeting resolved to capitalize the comprehensive capital adjustment account as a result of the capital increase derived
from the merger with Telefónica de Argentina. Accordingly, the number of treasury book-entry ordinary shares increased from 92
to 261 shares, of $1 nominal amount each.

| c) | Information required by Section 64, sub-section I, paragraph b) of Law No. 19,550 |

Below there is a breakdown of the item Other expenses
for fiscal years ended December 31, 2024 and 2023