To:Merger Agreement • November 9th, 2021 • Irsa Investments & Representations Inc • Land subdividers & developers (no cemeteries)
As regards the proposed merger agreement involving IRSA Propiedades Comerciales S.A. (“IRSA “ or “Company”) and IRSA Inversiones y Representaciones S.A. (“IRSA Holding“ or “Counterparty”), which shall be subject to official meeting of the board of directors on or before September 30, 2021 (“Board of Directors”), we were requested by the Board of Directors to issue an opinion concerning the fairness, to the Company, from a financial standpoint, of the share exchange ratio of the shares received by the Company, in relation to the shares of IRSA Holding in the context of the referred merger (“Transaction”).
