Grupo Supervielle S A : Personal Asset Tax Letter

On April 29, 2021, Grupo Supervielle S.A. ('Supervielle' or the 'Company') announced that a cash dividend distribution would be paid to holders of Grupo Supervielle's American Depositary Receipts ('Supervielle ADRs') as of the record date of May 13, 2021. This distribution is scheduled to be paid starting on May 14, 2021. The amount to be distributed is equivalent to P$4.21667028350 per ADR, prior to deductions of the Personal Asset Tax described below.

The Personal Asset Tax applies to Supervielle ADRs pursuant to the terms of the last paragraph of the article incorporated by the Argentine Law No. 25,585 following article 25 of Law No. 23,966. The following persons are subject to the Personal Asset Tax: (i) individuals domiciled in Argentina for assets located in Argentina and abroad and (ii) individuals or entities domiciled outside of Argentina for assets located in Argentina. For purposes of this tax, shares of stock of Argentine corporations, such as the Class B Shares underlying the Supervielle ADRs, are considered assets located in Argentina. The tax rate to be applied is 0.5% and the taxable base is the value of the shareholders' equity as stated in the most recent balance sheet of the Company as of December 31 of each year.

Shareholders who did not own Supervielle ADRs on December 31, 2020, shareholders who have already reimbursed the Company for such tax obligations or shareholders who are residents of a country that has a Tax Treaty with Argentina in force which exempts them from payment of this tax may be reimbursed for Personal Asset Tax amounts deducted from the May 14, 2021 dividend payment. If you believe that any of the above conditions apply to you, kindly provide a duly executed Affidavit and provide evidence that such deduction for the Personal Asset Tax on account of your holdings in Supervielle ADRs does not apply to you, as set forth in the attached Affidavit. For more information click here.