Empresa Distribuidora y Comercializadora Norte S.A. announced that its offer to exchange (the "Offer" or the "Exchange Offer") any and all of its outstanding 9.75% Senior Notes due 2022 (the "Existing Notes") for the applicable amount of newly issued 9.75% Additional Senior Notes due 2025 (the "Additional New Notes") and cash made upon the terms and subject to the conditions set forth in the Exchange Offer Memorandum, dated September 23, 2022 (the "Exchange Offer Memorandum"), expired at 5:00 p.m., New York City time, on October 21, 2022 (the "Expiration Date"). As of the Expiration Date, USD 4,029,000 in aggregate principal amount of Existing Notes, representing 16.35% of the aggregate principal amount of Existing Notes outstanding, have been tendered and accepted in the Exchange Offer (the "Tendered Notes"). The Company intends to pay the applicable Exchange Consideration for the Tendered Notes plus amounts in respect of accrued interest as mentioned in the Exchange Offer Memorandum on or about October 24, 2022 (the "Settlement Date").

On the Settlement Date, the Company expects to issue USD 2,538,270 aggregate principal amount of Additional New Notes and to pay approximately USD 1,611,600 cash consideration (plus amounts in respect of accrued interest as mentioned in the Exchange Offer Memorandum) for the Tendered Notes. Per USD 1,000 principal amount of Existing Notes validly tendered and accepted into the Exchange Offer, each Eligible Holder will receive USD 630 principal amount of Additional New Notes (the "Additional New Notes Consideration") and USD 400 in cash (the "Cash Consideration"), in each case plus amounts in respect of accrued interest as mentioned in the Exchange Offer Memorandum. The Additional New Notes will be issued under an indenture (as supplemented by that First Supplemental Indenture dated as of October 24, 2022, the "New Notes Indenture"), dated as of May 12, 2022 among the Company, as issuer, The Bank of New York Mellon, as trustee (the "Trustee", which term shall include any successor as Trustee under the New Notes Indenture) and Banco de Valores S.A., as representative of the Trustee in Argentina, pursuant to which it previously issued USD 52,706,268 Senior Notes due 2025 (the "Initial New Notes").

The Initial New Notes and the Additional New Notes (together referred to as the "New Notes") are fungible and will constitute a single series of debt securities, provided that the Additional New Notes offered and sold pursuant to Regulation S Notes will have a temporary CUSIP number, ISIN number and Common Code until expiration of the 40-day "distribution compliance period" with respect to the Additional New Notes.