Autonomous City of Buenos Aires, April 22 2024
Messrs.
Securities and Exchange Commission
Bolsas y Mercados Argentinos S.A.
Mercado Abierto Electrónico S.A.
Present
RE: Relevant information – Announces the payment of dividends
Buenos Aires, April 19, 2024 – Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a domestic universal financial services group in Argentina with a nationwide presence, announced today that following the resolution of the Annual Ordinary and Extraordinary Shareholders Meeting and the subsequent Board of Directors meeting, both dated April 19, 2024, it was resolved the release of the voluntary reserve established for dividends distribution approved by the Board of Directors on April 19, 2024, and in accordance with the provisions of General Resolution No. 777/18 of the Argentine Securities Commission which establishes that “the distribution of profits must be treated in the currency of the date of its declaration, in this case, by using the price index corresponding to the month of March 2024”, a cash dividend of AR$ 19,469,438,271.64 will be made available and paid to existing shareholders in the Company's share registry as of April 26, 2024 (the “Record Date”), starting on April 29, 2024, or on such later date as may be determined by the applicable regulations in the jurisdiction where the Company's shares are listed. The amount to be distributed is equivalent to 4,398.165176140% of the capital as of today of AR$ 442,671,830 (said capital excludes shares held by the Company’s treasury), and to AR$ 43.98165176140 for each outstanding share and AR$ 219.90825880698 per American Depositary Share (“ADS”). The total amount of dividends to be distributed corresponds to earnings of previous fiscal years.
Payment will be made available through Caja de Valores S.A. (25 de Mayo 362, City of Buenos Aires, Republic of Argentina) starting on April 29, 2024, on business days from 10:00 AM to 3:00 PM Buenos Aires time, subject to compliance with all required procedures. The payment process will be carried out in accordance with the regulatory deadlines.
Holders of ADSs will receive payment through the depositary bank, The Bank of New York Mellon, from the date set forth by application of the regulations in force for the conversion of said portion into foreign currency, if applicable, and the rules that apply in the jurisdiction where the Company's ADSs are listed.
The distribution of dividends is originated in profits obtained from 2018 and, therefore, it is subject to withholding of 7% according to the provisions of the Income Tax Law, ordered text Decree No. 824/2019.
Dividends to be paid will be subject to the withholding, in the relevant cases, of the amounts paid for the fiscal year 2023 by the Company in its capacity as Substitute Person Responsible for the Personal Assets Tax, in the case of those shareholders that are subject to said tax, pursuant to the terms of the last paragraph of the article incorporated by Law No. 25,585 following article 25 of Law No. 23,966.
Yours faithfully,
_______________________
Ana Bartesaghi
Deputy Head of Market Relations
Grupo Supervielle S.A.