PRESS RELEASE

FOR IMMEDIATE RELEASE

July 27, 2020

The Province of Mendoza Announces Extension of Consent Payment Eligibility Deadline

City of Mendoza, Mendoza, Argentina: The Province of Mendoza (the “Province”) today announced that it has further extended the Consent Payment Eligibility Deadline in connection with its invitation (the “Invitation”) made to Eligible Holders (as defined herein) of its U.S.$590,000,000 8.375% Notes due 2024 (the “Existing Notes”) to participate in a liability management transaction on the terms and subject to the conditions set forth in the amended and restated invitation memorandum dated July 6, 2020 (the “Invitation Memorandum”), from 9:00 a.m. (New York time (“NYT”)) on July 27, 2020, to 5:00 p.m. (NYT) on July 29, 2020. The expiration of the Invitation remains 9:00 a.m. (NYT) on August 7, 2020. Except as described above, the terms of the Invitation Memorandum remain unchanged. Accordingly, Holders whose Existing Notes are validly tendered at any time prior to the Consent Payment Eligibility Deadline will be eligible to receive the Consent Payment (as defined in the Invitation Memorandum). Holders who have previously validly tendered their Existing Notes pursuant to the Invitation will, and do not need to re-tender their Existing Notes to, be eligible to receive the Consent Payment. The Revocation Deadline has expired and, consequently, Tender Orders (as defined in the Invitation Memorandum) may no longer be revoked. The aggregate principal amount of Existing Notes tendered in the Invitation as of 9:00 a.m. (NYT) on July 27, 2020 was approximately U.S.$312,549,000, representing approximately 59% aggregate principal amount of the Existing Notes Outstanding (as defined in the Invitation Memorandum). Based on the participation received to date, the Province has obtained the Requisite 50% Consent (as defined in the Invitation Memorandum). The Province reserves its rights to waive or further modify any term of, or terminate, the Invitation at any time and in its sole discretion. The Province has engaged Credit Suisse Securities (USA) LLC and AdCap Securities Ltd. to act as dealer managers for the Invitation. D.F. King is acting as information, tabulation and exchange agent. Any questions or requests for assistance regarding the Invitation may be directed to Credit Suisse Securities (USA) LLC, Inc. at +1 (212) 538-2147 (Collect) - +1 (800) 820-1653 (Toll-free) or AdCap Securities Ltd. at +1 646 280 8732. * * * * * * * * * * Eligible Holders, or custodians for such holders, of Existing Notes may obtain a copy of the Invitation Memorandum by contacting the dealer managers by calling any one of the numbers above or D.F. King at its email address mendoza@dfking.com or telephone number (866) 342-2676 or by download, following registration, via: https://sites.dfkingltd.com/mendoza.

## Important Notice

This announcement is not an offer of securities for sale in the United States, and the New Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and they may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the