Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR S.A.) (Issuer) announced that it is soliciting consents from all registered holders (individually, a "Holder," and collectively, the "Holders") of its 9.75% Senior Notes due 2025 (the "Notes"), upon the terms and conditions described in the Issuer's Consent Solicitation Statement dated April 10, 2023 (the "Statement"), to certain proposed waiver (the "Proposed Waiver") under the Indenture dated as of May 12, 2022, among the Issuer and The Bank of New York Mellon, as trustee, and Banco de Valores S.A., as representative of the Trustee in Argentina (as amended by the First Supplemental Indenture dated October 24, 2022, the "Indenture"), pursuant to which the Notes were issued. Unless otherwise defined herein, capitalized terms used herein have the meanings given to them in the Statement. On December 29, 2022, the Issuer reached an agreement with the Argentine Government to restructure its commercial debt with CAMMESA as of August 2022 (the "2022 Agreement").

The 2022 Agreement effectively reduces debt owed to CAMMESA by around Ps. 20 billion (around $100 million), from $288 million to $188 million, with the balance to be repaid over 8 years at a discounted interest rate (50% of the WEM rate). The Issuer believes that the 2022 Agreement lowers a risk in terms of a large outstanding supplier payable and provides additional predictability moving forward, and is seeking Consents to obtain the Proposed Waiver because the 2022 Agreement requires a pledge of accounts receivable of the Issuer in order to secure at any time the payment of up to three (3) installments of the payment plan agreed under the 2022 Agreement.

As of the date of the Statement, the amount equivalent to three (3) of the ninety-six (96) progressively increasing installments amounts to approximately $3.2 million (representing around 2% of the debt owed to CAMMESA and less than 0.2% of the Issuer's total assets) (CAMMESA Pledge). The Consent Solicitation will expire on April 19, 2023, unless extended or earlier terminated by the Issuer in its sole discretion (such date and time, as the same may be extended, the "Expiration Date"). The record date of the Consent Solicitation is April 19, 2023.

The Issuer has convened a meeting of the holders of the Notes (the "Holders' Meeting"), expected to be held on or about April 25, 2023 on first notice at offices in Avenida del Libertador 6363, Ground Floor, City of Buenos Aires, C1428ARG, Argentina. The Holders' Meeting may be adjourned on one occasion to a date within the following 30 days. The Information, Tabulation and Proxy Agent (as defined below) will attend the Holders' Meeting (on first and/or second call, and as it may be adjourned) and consent and approve in favor of the Proposed Waiver on behalf of the Holders of the Notes who participate in the Consent Solicitation.

If the Issuer obtains the Required Consent, the Issuer and the Trustee will execute the Waiver Agreement, subject to the Trustee's receipt of any documentation required under the Indenture. The Proposed Waiver will become effective and operative immediately upon execution thereof as to all Holders at the Consent Effective Time, whether or not a Holder delivered a Consent. A separate electronic instruction must be submitted on behalf of each beneficial owner.

The name of the beneficial owner must be included in the instruction. Morrow Sodali International LLC ("Morrow Sodali") has been retained to serve as the information, tabulation agent and proxy agent (the "Information, Tabulation and Proxy Agent").