Banco Patagonia S.A
BANCO PATAGONIA S.A.
MINUTES OF BOARD MEETING No. 2549 (03.09.09):
A meeting of the Board of Directors of BANCO PATAGONIA S.A. was held on March 9, 2009 at the offices located at Tte Gral Juan D. Perón 500, City of Buenos Aires. The undersigned Directors were present at the meeting. Also present was Ms. María Soledad Sampayo Cau, CPA, on behalf of the Statutory Audit Committee. At 05.00 p.m. a quorum was present, and the President stated that the meeting, having been duly convened, was ready to proceed with business and discuss several aspects related to the Company's activities. Extensive discussion ensued on various matters and the following Agenda was discussed: ------
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2. Documents relative to the Annual and Liquidation Balance Sheet ended as of 12.31.2008, for the following trusts in which the bank was appointed trustee:
1. Banco Piano IV / 2. Banco Piano V3. Banco Piano VI / 4. Banco Piano VII
5. Banco Piano VIII / 6. Banco Piano IX
7. Banco Piano X / 8. Banco Piano XI
9. CMR Falabella XI / 10. CMR Falabella XIII
11. CMR Falabella XIV / 12. CMR Falabella XV
13. Columbia Público IV (liquidation process) / 14. Columbia Público V (liquidation process)
15. Columbia Público VI / 16. Columbia Público VII
17. Columbia Público VIII / 18. Columbia Tarjetas IX
19. Columbia Tarjetas X / 20. Fava XIX
21. Fava XX / 22. Fava XXI
23. Finansur Autos III (liquidation process) / 24. Kadicard III
25. Tarjeta Kadicard IV / 26. Kadicard V
27. Lombardi V / 28. Lombardi VI
29. Cegtrogar V / 30. Cegtrogar VI
31. Cetrogar VII / 32. CMG Garantizados I
33. Credicuotas III (liquidation process) / 34. Credicuotas IV
35. Cuencred VI / 36. Cuencred VII
37. Cuencred VIII / 38. Cuencred IX
39. GMAC I / 40. GMAC II
41. Montemar IV (liquidation process) / 42. Montemar V (liquidation process)
43. Montemar VI (liquidation process) / 44. Montemar VII (liquidation process)
45. Otero VI / 46. Otero VII
47. Otero VIII / 48. Palmares IV (liquidation process)
49. / 50. Palmares VI
51. Ribeiro XVI (liquidation process) / 52. Ribeiro XVII (liquidation process)
53. Ribeiro XVIII (liquidation process) / 54.
55. Ribeiro XX / 56. Ribeiro XXI (liquidation process)
57. Ribeiro XXII (liquidation process) / 58. Ribeiro XXIII
59. Ribeiro XXIV / 60. Ribeiro XXV
61. Ribeiro XXVI / 62. Ribeiro XXVII
63. Ribeiro XXVIII / 64. Tarjeta Saenz I
65. Tarjeta Saenz II / 66. Tarjeta Saenz III
3. Liquidation Statement of Financial Position for the purposes of final cancellation of listing at the Buenos Aires Stock Exchange of the following financial trusts in which the Bank was appointed Trustee:
1. / 2. Macro Personal II3. Macro Personal III / 4. Garbarino VIII
5. Fideicomiso Hipotecario Fidens I
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ITEM NO. 02: Documents relative to the annual and liquidation Balance Sheet ended as of 12.31.2008, for the following trusts in which the bank was appointed trustee: To present this item on the Agenda, the President reminded the attendees that CNV General Resolution No. 367/01 establishes that the Board must analyze the Financial Statements corresponding to various financial trusts in which the Company was appointed trustee or administrator. Next, the President presented for the Director's consideration the accounting statements corresponding to the following Financial Trusts:
1. Banco Piano IV / 2. Banco Piano V3. Banco Piano VI / 4. Banco Piano VII
5. Banco Piano VIII / 6. Banco Piano IX
7. Banco Piano X / 8. Banco Piano XI
9. CMR Falabella XI / 10. CMR Falabella XIII
11. CMR Falabella XIV / 12. CMR Falabella XV
13. Columbia Público IV (liquidation process) / 14. Columbia Público V (liquidation process)
15. Columbia Público VI / 16. Columbia Público VII
17. Columbia Público VIII / 18. Columbia Tarjetas IX
19. Columbia Tarjetas X / 20. Fava XIX
21. Fava XX / 22. Fava XXI
23. Finansur Autos III (liquidation process) / 24. Kadicard III
25. Tarjeta Kadicard IV / 26. Kadicard V
27. Lombardi V / 28. Lombardi VI
29. Cegtrogar V / 30. Cegtrogar VI
31. Cetrogar VII / 32. CMG Garantizados I
33. Credicuotas III (liquidation process) / 34. Credicuotas IV
35. Cuencred VI / 36. Cuencred VII
37. Cuencred VIII / 38. Cuencred IX
39. GMAC I / 40. GMAC II
41. Montemar IV (liquidation process) / 42. Montemar V (liquidation process)
43. Montemar VI (liquidation process) / 44. Montemar VII (liquidation process)
45. Otero VI / 46. Otero VII
47. Otero VIII / 48. Palmares IV (liquidation process)
49. Palmares V / 50. Palmares VI
51. Ribeiro XVI (liquidation process) / 52. Ribeiro XVII (liquidation process)
53. Ribeiro XVIII (liquidation process) / 54. Ribeiro XIX
55. Ribeiro XX / 56. Ribeiro XXI (liquidation process)
57. Ribeiro XXII (liquidation process) / 58. Ribeiro XXIII
59. Ribeiro XXIV / 60. Ribeiro XXV
61. Ribeiro XXVI / 62. Ribeiro XXVII
63. Ribeiro XXVIII / 64. Tarjeta Saenz I
65. Tarjeta Saenz II / 66. Tarjeta Saenz III
A number of questions were asked and extensive discussion ensued on the above-mentioned Financial Statements, which were unanimously approved and their filing with the relevant authorities was authorized.
Next, the President informed that considering the resolution adopted in the above item, the Financial Statements just approved will be signed either by Messrs. Andrés Gustavo Prida and/or Silvia Mabel De Biase and/or Marcelo Aníbal Iadarola. ------
ITEM NO. 03: LIQUIDATION STATEMENT OF FINANCIAL POSITION FOR THE PURPOSES OF FINAL CANCELLATION OF LISTING AT THE BUENOS AIRES STOCK EXCHANGE OF THE FOLLOWING FINANCIAL TRUSTS IN WHICH THE BANK WAS APPOINTED TRUSTEE: The President updated the attendees on the fact that the liquidation balance sheets of the following Financial Trusts in which the Bank was appointed trustee were timely considered and approved:
1. Macro Personal I / 2. Macro Personal II3. Macro Personal III / 4. Garbarino VIII
5. Fideicomiso Hipotecario Fidens I
In this regard, in order to obtain final cancellation of the listing of the above-mentioned trusts at the Buenos Aires Stock Exchange, their Liquidation Balance Sheet should be considered. Next, the President submitted the documents for consideration and moved for their approval to be submitted to the relevant control authorities. After brief discussion, the Liquidation Balance Sheets of the above-mentioned trusts were unanimously approved.
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There being no further business to come before the meeting, the meeting was adjourned at 06.30 p.m.
Signatures: Jorge G.Stuart Milne, Ricardo A.Stuart Milne, Emilio C.Gonzalez Moreno, Carlos A.Giovanelli, Carlos Gonzalez Taboada, María S.Sampayo Cau.------
Emilio C. Gonzalez Moreno
2nd Vice-President