City of Buenos Aires, August 9, 2016.

Messrs

Securities Exchange Commission Buenos Aires Stock Exchange Mercado Abierto Electrónico S.A.

Ref.: Relevant Fact - Purchase of a property in the city of Buenos Aires - Additional information of the constituted mortgage in warranty of the payment of the property.

Dear Sirs,

We are pleased to contact you on behalf of TGLT S.A. ("TGLT" or the "Company") in order to inform that on August 8, 2016, TGLT acquired four plots located in the southern part of the City of Buenos Aires, in San Telmo, with an area of 6,240 square meters approximately, in which TGLT plans to build its Astor San Telmo project. Additionally, a portion of the plots is currently leased, so TGLT will perceive that rental income as well.

For this property, we agreed to pay the sellers US$1.5 million in cash and agreed to transfer to them: (i) 52 residential units that in the aggregate account for 3,173,72 square meters; (ii) one commercial property with a total area of 494 square meters suitable for a restaurant located at the corner of Av. Caseros and Bolivar; and (iii) 60 garages (30 located on the first underground parking level and 30 located on the second underground parking level). In the event that the project is modified with a gross sellable area greater than 23,158 square meters, the recipients will have the right to receive 15% of the additional sellable area pari passu with TGLT. Monetary consideration: (a) the payment of US$1.500.000.- in cash, where US$1.200.000.- have already been paid in concept of booking of the properties on date November 30, 2015 and part of the total consideration paid by the Company to transferors for the transfer of property ; and ( b ) the balance of $ 300,000 on 1 December 2016 .

As collateral, TGLT constituted a first-degree mortgage on the property for up to US$10.5M, which could be replaced by another property of an equal or higher value if both parties agree to do so.

In compliance with the applicable regulations, we report that we can not report inventory value of the mortgaged property according to the latest balance sheet of the Company ( ie, that for the period ended on June 30, 2016 ) due that it is prior to closing of the transaction reference.

The amount of origin and the balance at the date of the Mortgage match the amount of US $ 10.500.000.- guaranteed by it.

Yours Sincerely,

TGLT S.A.

Rafael I. Soto Director of Investor Relations

TGLT SA published this content on 09 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 August 2016 19:58:05 UTC.