Attached is an English translation of the letter dated October 09, 2015 filed by the Company with the Comisión Nacional de Valores and the Bolsa de Comercio de Buenos Aires:
By letter dated October 09, 2015, the Company reported that it has granted a loan to Inversiones Financieras del Sur S.A ("IFISA"), a company indirectly controlled by Eduardo Elsztain, for USD 40.0 million with a maturity of one year, and at an interest rate of LIBOR 1M + 3%.
The Audit Committee has no objections towards this transaction.
IRSA Inversiones y Representaciones Sociedad Anónima | |||
By: | /S/ Saúl Zang | ||
Name: Saúl Zang | |||
Title: Vice Chairman of the Board of Directors |