Telecom Argentina S A : Form 6-K)

Telecom Argentina S.A.

TABLE OF CONTENTS

Item

1.	English translation of a letter dated August 11, 2021 to the Argentine Securities & Exchange Commission (Comisión Nacional de Valores)

FREE TRANSLATION

Buenos Aires, August 11th, 2021

Comisión Nacional de Valores

Re.: Telecom Argentina S.A.
Dividend Distribution and Reserve Withdrawal

Dear Sirs,

I am writing to you in my capacity as Chairman of Telecom Argentina S.A. ('Telecom Argentina' or the 'Company'), to inform you that the Company's General Extraordinary Shareholders' Meeting held today resolved:

1) To distribute dividends in kind as follows: (i) Global Bonds of the Argentine Republic amortizable in US Dollars maturing on 07/09/2030 (the '2030 Global Bonds'), for a nominal value of US$ 370,386,472, and (ii) Global Bonds of the Argentine Republic amortizable in US Dollars maturing on 07/09/2035 (the '2035 Global Bonds') for a nominal value of US$ 186,621,565, at a ratio of US$ 0.171977775 2030 Global Bonds and US$ 0.086652089 2035 Global Bonds per share of the Company.

2) Consequently, to partially withdraw the 'Voluntary reserve to maintain the capital investments level and the Company's current level of solvency' in the amount of ARS 35,068,340,043.

Sincerely,

Telecom Argentina S.A.

	/s/ Carlos A. Moltini
	Chairman