IRSA Propiedades Comerciales S.A. announced that the Shareholders Meeting has approved to distribute a cash dividend in the amount of ARS 9,700,000,000 in proportion to the stake of the Shareholders, to be made effective in cash, in 4 periodic installments of ARS 2,425,000,000 each, according to the following expiration details: (i) the first within 30 calendar days of the meeting, (ii) the second on January 25, 2021, (iii) the third on March 25, 2021 and (iv) the fourth and last on May 24, 2021, delegating to the Board of Directors the implementation of payment to shareholders within the terms provided in the payment schedule, as well as the processing and implementation regarding the payment of said dividend to ADRs holdersannounces to all Shareholders that having reviewed the equity accounts to be capitalized, it has been detected certain reserves that have been included in the item 3) of the shareholders meeting agenda which are not entitled to be capitalized by the Company.