Argentina: The Republic of Argentina.
Argentine Companies Law: Argentine Law No. 19,550, as amended (Ley de Sociedades Comerciales).
Argentine GAAP: Refers to reporting practices and accounting principles generally accepted in Argentina.
BASE: Means the Bolsa de Comercio de Buenos Aires
Central Bank: Argentine Central Bank.
CNV: Comisión Nacional de Valores - Argentina.
IRSA: Refers IRSA Inversiones y Representaciones Sociedad Anónima
MAE: Means the Mercado Abierto Electrónico S.A.
Pesos: Argentine pesos, the lawful currency in Argentina.
SEC: Securities and Exchange Commission.
Supervisory Committee: Means the Comisión Fiscalizadora
U.S. dollar, U.S. dollars or US$: Refers to U.S. dollars
U.S. GAAP: Means generally accepted accounting principles in the United States of America as in effect from time to time.