Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

                                                   Buenos Aires, April 25, 2003.

To the
National Securities Commission

Dear Sirs,

     We have the pleasure to write to you in compliance  with the provisions set
forth by your  Commission  in order to inform you that the Annual  Ordinary  and
Extraordinary  Shareholders' Meeting of this Company was held on April 23 of the
current year at 12 hs., being presided over by the accountant Antonio R. Garces.
This Meeting was attended by 65 shareholders, of which 34 were present in person
and 31 were represented by proxy. Shareholders were holders of 281,221,650 class
"A" ordinary shares, of five votes each,  representing  281,221,650 pesos of the
capital stock and entitled to 1,406,108,250  votes; and of 532,721,305 class "B"
ordinary shares, of one vote each, representing 532,721,305 pesos of the capital
stock and entitled to 532,721,305 votes, which resulted in a quorum of 74.51%.

     Pursuant  to what is  provided  for in section 4,  chapter II Book I of the
Amended Text, year 2001, the summary of the resolutions  adopted with respect to
each item of the Agenda is as follows:

FIRST ITEM OF THE AGENDA: "Appointment of two shareholders to sign the minutes":

Adolfo Luis  Tamini and Arturo  Esteban  Santillan  were  appointed  to sign the
minutes as per the following voting.

Affirmative votes:                         1,937,972,513                99.9558%
Voluntary abstentions:                           857,042                 0.0442%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,972,513                    100%
Votes against:                                        --                      --
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

SECOND ITEM OF THE AGENDA:  "Amendment to article twenty-second of the Corporate
Bylaws (Representation at the Shareholders' Meeting)":

Amendment  to the text of  article  twenty-second  of the  Corporate  Bylaws was
approved,  which  now reads as  follows:

"Article  twenty-second:  The right to attend the  Shareholders'  Meeting may be
exercised either personally or by the representation of another person,  whether
or not  he/she is a  shareholder,  through a proxy  made in a private  document,
signature of which shall be certified by a judicial officer,  a Notary Public or
a banking institution."

The result of the voting was the following:

Affirmative Votes:                         1,937,971,513               99.95574%
Voluntary abstentions:                           858,042                0.04426%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative Votes:                         1,937,971,513                    100%
Votes against:                                        --                      --

THIRD ITEM OF THE AGENDA:  "Amendment to articles  thirteenth  and fourteenth of
the Corporate Bylaws (Board of Directors)":

Amendment to the text of articles  thirteenth  and  fourteenth  of the Corporate
Bylaws was approved as it was published in the Bulletin of the Stock Exchange on
March 19, 2003. The result of said voting is as follows:

Affirmative votes:                         1,937,968,513               99.95559%
Voluntary Abstentions:                           856,442                0.04417%
Votes against:                                     4,600                0.00024%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,968,513               99.99976%
Votes against:                                     4,600                0.00024%
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

FOURTH  ITEM  OF THE  AGENDA:  "Optional  Statutory  System  for  the  Mandatory
Acquisition of Shares in a Public Offering"  ("Regimen  Estatutario  Optativo de
Oferta Publica de Adquisicion Obligatoria"): exercise of the provision set forth
in Article 24 of Decree N(degree)677/01 and subsequent rules. Introduction of an
express clause on this issue into the Corporate Bylaws.

The Shareholders' Meeting approved not to adhere to the Mandatory Acquisition of
Shares in a Public Offering set forth by Decree 677/01, and to add the following
clause that expressly states "not to adhere to the Optional Statutory System for
the Mandatory Acquisition of Shares in a Public Offering" as second paragraph of
article one of the Corporate Bylaws':

     "Article  One:  ...(last  paragraph)  Grupo  Financiero  Galicia  S.A. is a
"Corporation  which has not  adhered to the  Optional  Statutory  System for the
Mandatory  Acquisition of Shares in a Public  Offering" under the regulations of
Article 24 of Decree 677/01".

The  above-mentioned  was  approved  and thus,  the  result of the  voting is as
follows:

Affirmative Votes:                         1,934,982,871                99.8016%
Voluntary Abstentions:                           878,042                0.04529%
Votes against:                                 2,968,642                 0.1532%

Results pursuant to resolution adopted by the National Securities
Commission's Board of Directors on November 21, 2002.

Affirmative votes:                         1,934,982,871               99.84682%
Votes against:                                 2,968,642                 0.1538%

FIFTH  ITEM OF THE  AGENDA:  "Examination  of the  businesses  situation  of our
controlled  company  Banco de Galicia y Bs.As.  S.A.  Grupo  Financiero  Galicia
S.A.'s  position  to be  adopted  over some  issues to be dealt with on Banco de
Galicia y Bs.As. S.A's next meeting".

The report on the situation of our controlled  company Banco de Galicia y Buenos
Aires S.A.  submitted by the Board of Directors was approved.  The result of the
voting is as follows:

Affirmative Votes:                         1,935,504,971               99.82858%
Voluntary abstentions:                         3,320,984                0.17129%
Votes against:                                     2,600                0.00013%


<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,935,504,971               99.99987%
Votes against:                                     2,600                0.00013%

Furthermore,  the sense of the votes  that the  company  shall  cast in Banco de
Galicia y Buenos Aires S.A's next meeting was approved. Therefore, the result of
such voting for each item of the Agenda to be  discussed  in said  Shareholders'
Meeting is as follows:

a. When  discussing  item 2 of the Agenda:  "Amendment to Corporate  Bylaws with
respect to the Board of Directors (Articles 16(Degree) to 21(Degree)) and to the
Notice of Shareholders' Meeting (Article 32(degree)):

It was approved to vote for the inclusion of the texts  proposed by its Board of
Directors  for  Articles  16 to 21, and 32 into Banco de Galicia y Buenos  Aires
S.A.'s  Corporate  Bylaws,  as they were  published in the Bulletin of the Stock
Exchange on March 21, 2003 and April 2, 2003.

Affirmative votes:                         1,935,481,951               99.82747%
Voluntary abstentions:                         3,340,984                0.17232%
Votes against:                                     4,100                0.00021%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,935,481,951               99.99979%
Votes against:                                     4,100                0.00021%

b. When item 3 of the Agenda was discussed  referring to the "Optional Statutory
System for the Mandatory  Acquisition of Shares in a Public Offering":  exercise
of the provision set forth in article 24 of Decree 677/01 and subsequent  rules.
Introduction of an express clause on this issue into the Corporate Bylaws:

It was approved to vote for the option set forth by Article 24 of Decree  677/01
and  subsequent  rules,  and,  therefore,  in favor of the exclusion of Banco de
Galicia y Buenos Aires S.A. from the System of Mandatory  Acquisition  of Shares
in a Public Offering. To such purposes, Article 1 of said company's Corporate
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

Bylaws was amended  pursuant to the text proposed by its Board of Directors,  as
it was published in the Bulletin of the Stock Exchange on March 21, 2003

Affirmative votes:                         1,935,481,851               99.82746%
Voluntary abstentions:                           877,542                0.04526%
Votes against:                                 2,467,642                0.12727%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,935,481,851               99.87267%
Votes against:                                 2,467,642                0.12733%

c. When  dealing  with item 4 of the Agenda  related to the  Examination  of the
Financial  Statements,  and  other  documents  as  set  forth  in  article  234,
subsection 1 of the Business Corporations Law:

It was approved to vote for the approval of said documents.

Affirmative votes:                         1,934,981,851               99.82742%
Voluntary abstentions:                         3,340,084                0.17232%
Votes against:                                     5,100                0.00026%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,934,981,851               99.99974%
Votes against:                                     5,100                0.00026%

d. When item 5 of the Agenda was  discussed  referring  to the  approval  of the
performance of the Board of Directors and of the Syndics' Committee:

It was  approved  to vote for the  approval of the  performance  of the Board of
Directors and of the Syndics' Committee.

Affirmative votes:                         1,872,463,435               99.82168%
Voluntary abstentions:                         3,339,984                0.17806%

<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

Mandatory abstentions:                        62,518,516                      --
Votes against:                                     4,900                0.00026%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,872,463,435               99.99974%
Votes against:                                     4,900                0.00026%

e. When discussing item 6 regarding compensation for the Syndics' Committee:

It was approved to vote for the proposal to pay the amount of Ps. 270,000 to the
Syndics' Committee.-

Affirmative votes:                         1,916,318,732               99.95408%
Voluntary abstentions:                           876,542                0.04572%
Mandatory abstentions:                        21,127,611                      --
Votes against:                                     3,900                 0.0002%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,916,318,732                99.9998%
Votes against:                                     3,900                 0.0002%

When  dealing  with  item  7 of  the  Agenda  related  to  the  "information  to
Shareholders'  Meeting about the assignation of paid functions in agreement with
the  regulations  set forth in  Article  25,  sub-section  2 of Banco  Galicia's
Corporate  Bylaws,  and about the  compensations  charged  to  general  expenses
corresponding  to the fiscal year ended December 31, 2002.  Same discussion over
compensation  for the  Board of  Directors  for  their  technical-administrative
functions and especial  commissions for  Ps.1,792,991.67,  which was effectively
paid, corresponding to the fiscal year ended December 31, 2002, and which result
was a loss computable pursuant to the rules set forth by the National Securities
Commission":

It was approved to vote for the  proposal to pay the amount of Ps.  1,792,991,67
to the Board of Directors for their technical administrative functions.-
<PAGE>
                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

Affirmative votes:                         1,896,055,488               99.95359%
Voluntary abstentions:                           875,542                0.04616%
Mandatory abstentions:                        41,390,905                      --
Votes against:                                     4,900                0.00026%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,896,055,488               99.99974%
Votes against:                                     4,900                0.00026%

f. When  discussing  item 8 related to the  "Treatment to be given to the Fiscal
year's Results (Loss)": It was approved as follows:  With respect to this fiscal
year's  results,  the  loss  for  Ps.2,976,582,032.88,  to vote in  favor of the
proposal,  pursuant to Communique  "A" 3800 set forth by the  Argentine  Central
Bank,  to absorb  the loss  recorded  in this  fiscal  year,  with and up to the
balances of the Retained Earnings and Unrealized  Difference Valuation accounts,
amounting to Ps.350,666,650.86 and Ps.1,451,285,003.32, respectively.

With respect to this fiscal year's remaining negative results, after having made
the above-mentioned absorption, which amounts to Ps.1,174,630,378.70, to vote in
favor  of  the   proposal   to   partially   absorb   this   loss  as   follows:
Ps.334,269,581.97 to be charged to Facultative Reserves,  Ps.94,998,704.64 to be
charged to Reserves for Technical  Revaluations,  so as Retained  Earnings after
both  absorptions  will record a loss of  Ps.745,362,092.09.  These  figures are
stated in currency of December 2002.

Affirmative votes:                         1,935,001,951               99.82847%
Voluntary abstentions:                         3,320,984                0.17133%
Votes against:                                     3,900                 0.0002%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,935,001,951                99.9998%
Votes against:                                     3,900                 0.0002%
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

g. When dealing with item 9 of the Agenda with  respect to the  "Composition  of
the Board of the Board of  Directors,  based on what shall be resolved on item 2
of the  Agenda  referred  to the  determination  of the  number of  regular  and
alternate  directors and their election until reaching the number established by
the Shareholders Meeting. Determination of their terms of office":

It was approved to vote in favor of the proposal that Grupo  Financiero  Galicia
S.A's Board of Directors  will prepare to that end. The Board of Directors  will
consider  what it deems most  appropriate  for Banco de  Galicia y Buenos  Aires
S.A.'s interest regarding the determination of the number of directors, election
of regular and alternate directors, and determination of their terms of office.

Affirmative votes:                         1,937,446,393               99.95459%
Voluntary abstentions:                           876,542                0.04522%
Votes against:                                     3,700                0.00019%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative Votes:                         1,937,446,393               99.99981%
Votes against:                                     3,700                0.00019%

h. When dealing with item 10 of the Agenda with respect to the "determination of
the  incentive  compensation  provided  for  in  Article  39,  sub-section  2 of
Corporate By-Laws for the fiscal year January 1, 2003 - December 31, 2003":

It was  approved  to vote for  similar  criteria  to those  approved in the last
Shareholders'  Meeting,  thus allowing Grupo Financiero  Galicia S.A.'s Board of
Directors to determine in detail the parameters involved.

Affirmative votes:                         1,937,446,393               99.95463%
Voluntary abstentions:                           875,442                0.04516%
Votes against:                                     3,900                 0.0002%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,446,393                99.9998%
Votes against:                                     3,900                 0.0002%
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

i. When dealing with item 11 of the Agenda  related to the  "Election of regular
and alternate syndics":

It was approved to vote for the proposal  that Grupo  Financiero  Galicia  S.A's
Board of  Directors  will  prepare  with  respect to the election of regular and
alternate members of the Syndics' Committee.

Affirmative votes:                         1,937,446,393               99.95463%
Voluntary abstentions:                           875,442                0.04516%
Votes against:                                     3,900                 0.0002%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,446,393                99.9998%
Votes against:                                     3,900                 0.0002%

j. When dealing with item 12 of the Agenda regarding the  "Compensation  for the
accountant who certified the Financial  Statements for the fiscal year 2002, and
with  item 13  regarding  the  appointment  of the  independent  accountant  and
alternate accountant to certify the Financial Statements for fiscal year 2003":

It was  approved to vote for the  proposal of Banco de Galicia y Buenos Aires S.
A.'s Board of Directors.

Affirmative votes:                         1,937,466,393               99.95567%
Voluntary abstentions:                           855,442                0.04413%
Votes against:                                     3,900                 0.0002%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,466,393                99.9998%
Votes against:                                     3,900                 0.0002%
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

SIXTH ITEM OF THE AGENDA:  "Examination of the Statement of Financial Condition,
Income Statement and other documents as set forth by Article 234, sub-section 1,
of the  Business  Corporations  Law,  Annual  Report and Report of the  Syndics'
Committee for the 4th. fiscal year ended December 31, 2002":

All of them were approved, thus the result of voting was as follows:

Affirmative votes:                         1,935,003,851               99.82862%
Voluntary abstentions:                         3,319,984                0.17128%
Votes against:                                     1,900                 0.0001%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,935,003,851                99.9999%
Votes against:                                     1,900                 0.0001%

SEVENTH  ITEM OF THE  AGENDA:  "Approval  of the  performance  of the  Board  of
Directors and the Supervisory Syndics' Committee."

Performances  of both,  the  Board  of  Directors,  its  regular  directors  and
alternate directors, and the Supervisory Syndic's Committee were approved. Thus,
the result of voting is as follows:

Affirmative votes:                         1,866,097,144                99.8222%
Voluntary abstentions:                         3,319,984                0.17759%
Mandatory abstentions:                        68,904,707                      --
Votes against:                                     3,900                0.00021%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,866,097,144               99.99979%
Votes against:                                     3,900                0.00021%

On this item, directors and syndics who are shareholders abstained from voting.
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

EIGHTH ITEM OF THE AGENDA:  "Compensation for the Board of Directors and for the
Syndics' Committee":

It was  resolved to fix no  compensation  for the Board of  Directors.  However,
compensation for the Syndics' Committee was fixed in the sum of Ps. 60,000.- The
result of voting is as follows:

Affirmative votes:                         1,868,443,977               99.95414%
Voluntary abstentions:                           857,342                0.04586%
Mandatory abstentions:                        68,904,707                      --

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,868,443,977                    100%
Votes against:                                        --                      --

On this item, directors and syndics who are shareholders abstained from voting.

NINTH ITEM OF THE AGENDA:  "Treatment to be given to this Fiscal Year's  Results
(Loss)":

The  fiscal  year  ended   December  31,  2002  records  a  total  loss  of  Ps.
1,452,241,393.10. It was approved to absorb the sum of Ps. 488,084,420.34 in the
Facultative  Reserve,  and the  remaining  amount of such loss  amounting to Ps.
964,156,972.76  to be charged to the new fiscal year. The result of voting is as
follows:

Affirmative votes:                         1,934,884,142               99.82861%
Voluntary abstentions:                         3,319,984                0.17129%
Votes against:                                     1,900                 0.0001%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,934,884,142                99.9999%
Votes against:                                     1,900                 0.0001%
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

TENTH ITEM OF THE AGENDA:  "Constitution  of the Board of Directors based on the
decisions  adopted when dealing with item 3 of the Agenda:  determination of the
number of directors and alternate  directors and their  election  until reaching
the number  established by the  Shareholders'  Meeting.  Determination  of their
terms of office":

It was approved that the number of directors shall be maintained in six and that
the number of alternate directors shall be fixed in six.

The result of the voting was as follows:

Affirmative votes:                         1,937,328,684               99.95473%
Voluntary abstentions:                           876,842                0.04524%
Votes against:                                       500                0.00003%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,328,684               99.99997%
Votes against:                                       500                0.00003%

Moreover,  the directors  Abel Ayerza,  Eduardo J.  Zimmermann and Marcelo L. S.
Tonini were  re-elected for a term of office of three years.  Terms of office of
directors  Federico Braun,  Silvestre Vila Moret and Antonio Roberto Garces were
reorganized,  thus fixing them in two years.  In view of the  resignation of the
alternate director and notary public Francisco Olivero,  the alternate directors
Pablo  Gutierrez,  Pedro Richards and Sergio Grinenco were elected for a term of
three years. Similarly,  the terms of office of alternate directors Maria Ofelia
Hordenana de  Escasany,  Alejandro  Rojas  Lagarde and Luis Sila  Monsegur  were
reorganized and were fixed in two years.  Furthermore,  it was resolved that, to
the purposes of establishing  the order mentioned in article 13 of the Corporate
Bylaws,  pursuant  to the  amendment  approved  when  item 3 of the  Agenda  was
discussed, the following order was established: Pablo Gutierrez, Pedro Richards,
Maria Ofelia  Hordenana de Escasany,  Luis Sila Monsegur,  Alejandro Maria Rojas
Lagarde and Sergio Grinenco.

Affirmative votes:                         1,937,328,684               99.95473%
Voluntary abstentions:                           875,942                0.04519%
Votes against:                                     1,400                0.00007%
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,328,684               99.99993%
Votes against:                                     1,400                0.00007%

ELEVENTH  ITEM OF THE  AGENDA:  "Election  of three  regular  syndics  and three
alternate syndics for one-year term of office":

It was approved the election for one-year term of the following regular syndics:
attorney-at-law  Dr. Adolfo H. Melian,  and the Public  Accountants  Norberto D.
Corizzo and Luis O. Oddone. And as alternate syndics:  the  attorney-at-law  Dr.
Miguel N.  Armando,  and the Public  Accountants  Alejandro  Massa and Miguel C.
Maxwell, respectively.

The result of the voting was as follows:

Affirmative votes:                           812,442,084               99.89219%
Voluntary abstentions:                           875,442                0.10764%
Votes against:                                     1,400                0.00017%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                           812,442,084               99.99983%
Votes against:                                     1,400                0.00017%

On this item, all shares are entitled to one vote.

TWELFTH ITEM OF THE AGENDA:  "Compensation  for the accountant who certified the
Financial Statements for the fiscal year 2002":

It was approved that  compensation of the accountant who certified the Financial
Statements for fiscal year 2002 be fixed in Ps. 24,000.-

The result of voting was as follows:
<PAGE>

                                                        Grupo Financiero/Galicia

                          GRUPO FINANCIERO GALICIA S.A.
            "Company not adhered to the Optional Statutory System for
            the Mandatory Acquisition of Shares in a Public Offering"

Affirmative Votes:                         1,937,348,684               99.95579%
Voluntary Abstentions:                           855,442                0.04414%
Votes against:                                     1,400                0.00007%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,348,684               99.99993%
Votes against:                                     1,400                0.00007%

THIRTEENTH ITEM OF THE AGENDA:  "Appointment  of the independent  accountant and
alternate accountant to certify the Financial Statements for fiscal year 2003":

It was approved the appointment of the accountants  Ignacio Javier Casas Rua and
Martin   Barbafina  as   independent   accountant   and  alternate   accountant,
respectively,  to certify the Financial  Statements for the current fiscal year.
Both accountants work for Price Waterhouse & Co. - PriceWaterhouseCoopers.

The result of the voting was as follows:

Affirmative votes:                         1,937,348,684               99.95579%
Voluntary abstentions:                           855,442                0.04414%
Votes against:                                     1,400                0.00007%

Results pursuant to resolution adopted by the National  Securities  Commission's
Board of Directors on November 21, 2002.

Affirmative votes:                         1,937,348,684               99.99993%
Votes against:                                     1,400                0.00007%

     It is  attached  herein  the list of  members  of the  Board of  Directors,
Syndics' Committee, the Accountants to certify the Financial Statements, and the
notices of Shareholders' Meeting.

Yours sincerely,
                                Pedro A. Richards
                               Responsible for the
                              Markets' Relationship