INFORMATION REVIEW

AS OF DECEMBER 31, 2013

Buenos Aires, , February 6, 2014 – Banco Patagonia S.A. (BCBA: BPAT; BOVESPA: BPAT11) reports on the consolidated income of 4th quarter (4Q13) for financial year 2013.

OUTSTANDING DATA

• Banco Patagonia closed 4Q13 having ARS 30,146.4 million in Assets, ARS 19,187.8 million in , ARS 22,067.0 million in Deposits, and ARS 4,596.5 million as Shareholders’ Equity. Consolidated figures exhibit Assets for ARS 32.314,1 million, Loans for ARS 21.174,2 million and Deposits for ARS 22.613,7 million.

• Net income for 4Q13 was ARS 354.6 million, keeping at the same level if compared to 3Q13 and representing a 55.5% year-over-year increase.

• Retained earnings corresponding to FY 2013 amounted to ARS 1,229.7 million, accounting for a 39.0% increase as compared to the previous fiscal year, with a 30.9% ROE (average return on equity) and a 4.3% ROA (average return on assets).

• Loans granted to the non-financial private sector on a consolidated basis amounted to ARS 21,161.4 million, representing a 4.0% quarter-on-quarter increase, and a 23.5% year-over-year increase; the increase in commercial assistance to companies through bill discounting and unsecured loans, and within the consumers portfolio through credit cards and auto loans, should be noted.

• Total consolidated deposits amounted to ARS 22,613.7 million, which accounts for a 7.7% quarter-on- quarter increase (ARS 21,005.0 million). Additionally, an increase of 19.0% was recorded as compared to 4Q12 (ARS 19,005.1 million), mainly in savings accounts and term deposits.

• The non-performing portfolio index over total financing was 1.5%, and coverage with provisions on the non- performing portfolio was 269.4%.

• Banco Patagonia continues to record high capitalization indexes, with capital surplus of ARS 2,153.1 million over the Argentine Central (BCRA) requirements, generated by a capital requirement of ARS 2,451.6 million and aggregation in the amount of ARS 4,604.7 million.

• As of December 31, 2013, Banco Patagonia S.A. employs 3,268 people and has a wide network made up of 199 customer desks all over the country, distributed in the capital and major cities in each province.

4Q13 Results Page 1

FINANCIAL REPORTING

For the purposes of drafting this Report, Banco Patagonia S.A. has consolidated line by line its balance sheet and profit and loss statement with the financial statements of its subsidiaries, PATAGONIA VALORES S.A. Sociedad de Bolsa, Patagonia Inversora S.A. Sociedad Gerente de Fondos Comunes de Inversión, Banco Patagonia (Uruguay) S.A.I.F.E. and GPAT Compañía Financiera S.A.

PROFIT (LOSS) OF THE YEAR

FY 2013 closed with a net income after taxes of ARS 1,229.7 million, an increase of 39.0% compared to the previous financial year (ARS 884.6 million), accounting for a ROE (average return on equity) of 30.9% and a ROA (average return on assets) of 4.3%.

Financial income in FY 2013 grew by 57.7% compared to FY 2012 (ARS 5,587.3 million vs. ARS 3,541.9 million), as a result of higher income generated in interest accrual on loans to the private sector due to a larger portfolio (ARS 21,161.4 million vs. ARS 17,137.6 million), the result of foreign currency forward transactions, and revaluation of the foreign currency asset position.

As regards financial expenses, there was an increase of 84.1% compared to the previous financial year (ARS 2,440.5 million in 2013 vs. ARS 1,325.3 million in 2012), as a result of an increase of 80.6% in interest paid on time deposits due to an increase in volume and interest rates in that portfolio. Furthermore, there was an increase of ARS 170.5 million in interest paid on other liabilities for financial intermediation, mainly due to interest payment on non-subordinate corporate bonds of GPAT Compañía Financiera S.A. and Banco Patagonia S.A.

As a consequence of the above, the intermediation spread increased by 42.0%, reaching ARS 3,146.8 million as compared to ARS 2,216.6 million in the previous year.

The uncollectibility charge on loans increased by ARS 227.9 million, as a result of the increase in total portfolio volume, an increase in delinquency and the constitution of bad debt provisions in excess of the minimum levels required by the Argentine , therefore increasing the non-performing portfolio on total financing index as compared to the previous financial year (269.4% in FY 2013 and 256.7% in FY 2012).

Net fee income increased by 28.5% in FY 2013, reaching ARS 1,274.8 million vs. ARS 992.4 million in FY 2012, as a result of an increase in the volume of fee-earning transactions, mainly those related to deposit accounts, debit and credit card transactions and loans.

Administrative expenses rose by 26.4%, from ARS 1,464.8 million in 2012 to ARS 1,851.2 million in 2013; there was an increase in operating expenses due to the Bank's larger operative structure as a result of the opening of more than 15 customer desks, to suppliers' price adjustments and increased payroll expenses by a larger payroll and of wage settlements during FY 2013.

4Q13 Results Page 2

Miscellaneous earnings (net of miscellaneous losses) increased by 53.1% during FY 2013, mainly due to the sale of two properties in 2Q13, recovery of taxes and other miscellaneous earnings.

Banco Patagonia Consolidated Change (%) as Summarized Statement of Retained Earnings Figures of In million pesos 12/31/2013 12/31/2012 12/31/2012 Financial Income 5,587.3 3,541.9 57.7% Financial Expenses 2,440.5 1,325.3 84.1% Gross Intermediation Spread 3,146.8 2,216.6 42.0% Uncollectibility Charge 540.2 312.3 73.0% Net Fee Income 1,274.8 992.4 28.5% Administrative Expenses 1,851.2 1,464.8 26.4% Net Operative Income 2,030.2 1,431.9 41.8% Miscellaneous Income / Loss 125.7 82.1 53.1% Income before Income Tax 2,155.9 1.514.0 42.4% Income Tax 926.2 629.4 47.2% NET PROFIT (LOSS) OF THE YEAR 1,229.7 884.6 39.0% Annual Average Number of Outstanding Shares 719.1 719.2 0.0% Shares Issued at year-end 0.2 0.1 100.0% Earnings per Share – Amounts in pesos 719.3 719.3 0.0% Earnings per BDR (*) – Amounts in pesos 1.7101 1.2300 39.0%

(*) Each BDR is equivalent to 20 common shares.

4Q13 Results Page 3

4Q13 PROFIT (LOSS)

Banco Patagonia Consolidated Summarized Statement of Income Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Financial Income 1,893.7 1,508.2 989.3 25.6% 91.4% Financial Expenses 748.9 627.4 421.9 19.4% 77.5% Gross Intermediation Spread 1,144.8 880.8 567.4 30.0% 101.8% Uncollectibility Charge 267.6 138.6 96.5 93.1% 177.3% Net Fee Income 331.9 325.3 287.5 2.0% 15.4% Administrative Expenses 499.7 462.5 393.7 8.0% 26.9% Net Operative Income 709.4 605.0 364.7 17.3% 94.5% Miscellaneous Income / Loss -5.5 -0.6 24.7 816.7% -122.3% Income before Income Tax 703.9 604.4 389.4 16.5% 80.8% Income Tax 349.3 248.5 161.4 40.6% 116.4% Net Income for the Quarter 354.6 355.9 228.0 -0.4% 55.5%

Net income for 4Q13 was ARS 354.6 million, keeping at the same level as in 3Q13 (ARS 355.9 million) and accounting for a 55.5% increase as compared to 4Q12 (ARS 228.0 million).

Gross interest income increased by 30.0% as compared to the previous quarter (ARS 1,144.8 million vs. ARS 880.8 million), mainly due to income from foreign currency forward transactions, which reached ARS 350.6 million, and the revaluation of foreign currency active position in the amount of ARS 201.6 million. Additionally, there were increases in income from the commercial portfolio products, especially overdrafts, bill discounting and unsecured loans, which reached ARS 98.8 million.

Furthermore, the non-performing portfolio on total loans index reached 1.5% in this quarter, and the uncollectibility charge was ARS 267.6 million in the same period, as a result of an increase in provisions in excess of the minimum levels required by the Argentine Central Bank, as mentioned before.

Net fee income increased by 2.0% as compared to the previous quarter, reaching ARS 331.9 million vs. ARS 325.3 million, as a result of income from fee-earning transactions related to credit card transactions and deposits.

Administrative expenses rose by 8% as compared to 3Q13, reaching ARS 499.7 million, as a result of increased miscellaneous operating expenses and payroll expenses, already mentioned under the Section: Profit (Loss) of the Year.

4Q13 Results Page 4

a) Earnings per share

Banco Patagonia Consolidated Earnings per Share Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Net Income for the Quarter 354.6 355.9 228.0 -0.4% 55.5% Quarterly Average Number of Outstanding Shares 719.1 719.1 719.2 0.0% 0.0% Quarterly Average Number of Treasury Shares 0.2 0.2 0.1 0.0% 100.0% Shares Issued at year-end 719.3 719.3 719.3 0.0% 0.0% Earnings per Share – Amounts in pesos 0.4931 0.4949 0.3170 -0.4% 55.5% Earnings per BDR (*) – Amounts in pesos 9.8623 9.8985 6.3404 -0.4% 55.5% Book value per share 6.3905 5.8975 4.6809 8.4% 36.5%

(*) Each BDR is equivalent to 20 common shares.

b) Net Financial Income

Banco Patagonia Consolidated Gross Intermediation Spread Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Financial Income 1,893.7 1,508.2 989.3 25.6% 91.4% Financial Expenses 748.9 627.4 421.9 19.4% 77.5% Gross Intermediation Spread 1,144.8 880.8 567.4 30.0% 101.8%

Gross interest income in 4Q13 amounted to ARS 1,144.8 million, accounting for a 30.0% increase as compared to the previous quarter (ARS 880.8 million) and a 101.8% increase as compared to 4Q12 (ARS 567.4 million).

Banco Patagonia Consolidated Financial Income Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Interest on cash and cash equivalents 0.1 - 0.2 0.0% -50.0% Interest on loans to the financial sector 41.2 29.2 25.1 41.1% 64.1% Interest on overdrafts 278.9 235.4 142.2 18.5% 96.1% Interest on documentary credits 407.6 352.3 237.4 15.7% 71.7% Interest on mortgage loans 1.7 1.8 2.0 -5.6% -15.0% Interest on auto loans 82.2 70.7 54.8 16.3% 50.0% Interest on credit card loans 123.0 103.4 97.4 19.0% 26.3% Interest on other loans 260.9 249.2 248.7 4.7% 4.9% Interest on financial leasing 37.8 35.0 25.5 8.0% 48.2% Net income from government and private securities 95.6 117.2 74.5 -18.4% 28.3% Interest on repurchase agreements 9.6 4.3 14.5 123.3% -33.8% Income (loss) for forward transactions 350.6 197.1 0.4 77.9% N/A Difference in foreign currency quotation 201.6 107.1 59.4 88.2% 239.4% Other 2.9 5.5 7.2 -47.3% -59.7% Financial Income 1.893.7 1.508.2 989.3 25.6% 91.4%

4Q13 Results Page 5

Financial income reached ARS 1,893.7 million, accounting for a 25.6% rise as compared to the previous quarter (ARS 385.5 million) and a 91.4% increase as compared to 4Q12 (ARS 904.4 million).

The main increases as compared to 3Q13 were related to higher income from foreign currency forward transactions (ARS 153.5 million) and from the revaluation of foreign currency asset position (ARS 94.5 million).

Within the non financial private sector loan portfolio, there was an increase in interest of ARS 144.4 million, mainly in commercial facilities such as documentary credits and overdrafts, as a result of an increase in volume and average rates.

Banco Patagonia Consolidated Financial Expenses Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Interest on savings account deposits 0.6 1.4 2.5 -57.1% -76.0% Interest on term deposits 535.8 450.1 313.2 19.0% 71.1% Interest on obtained interfinancial loans (call) 0.9 3.9 3.9 -76.9% -76.9% Interest on financing to financial sector 0.4 1.2 4.2 -66.7% -90.5% Other interest 1.8 1.3 2.4 38.5% -25.0% Interest on other liabilities for financial 96.1 73.2 38.7 31.3% 148.3% intermediation Contribution to the deposit guarantee fund 9.2 8.7 6.8 5.7% 35.3% Other 104.1 87.6 50.2 18.8% 107.4% Financial Expenses 748.9 627.4 421.9 19.4% 77.5%

Financial expenses rose by 19.4% as compared to 3Q13, mainly as a result of an increase in interest paid on time deposits, which rose by 19.0% and reached ARS 535.8 million, brought about by an increase in volume and the rise of the average interest rate for time deposits in pesos, which went from 17.4% in 3Q13 up to 19.1% in 4Q13.

Furthermore, interest paid on other liabilities for financial intermediation (ARS 96.1 million) rose by ARS 22.9 million, mainly due to interest payment on corporate bonds of GPAT Compañía Financiera S.A. and Banco Patagonia S.A.

c) Net Fee Income

Banco Patagonia Consolidated Net Fee Income Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Deposits 163.2 158.7 128.8 2.8% 26.7% Related to Loans 85.3 92.0 84.5 -7.3% 0.9% Safe boxes 14.9 15.3 13.5 -2.6% 10.4% Capital and Securities Market 10.0 7.3 7.0 37.0% 42.9% Credit and Debit Cards 129.9 124.0 107.5 4.8% 20.8% Foreign Trade 15.6 14.4 11.5 8.3% 35.7% Other 47.7 42.7 35.3 11.7% 35.1% Fee income 466.6 454.4 388.1 2.7% 20.2%

4Q13 Results Page 6

Expenses for Services -134.7 -129.1 -100.6 4.3% 33.9%

Net Fee Income 331.9 325.3 287.5 2.0% 15.4%

Net fee income of the quarter rose to ARS 466.6 million, with a quarter-on-quarter increase of 2.7% against ARS 454.4 million, and a year-over-year increase of 20.2% from ARS 388.1 million.

Main rises in fee income during 4Q13 as compared to the above quarters are the result of fees charged on credit card transactions and deposits, due to an increase in the volume of transactions.

Likewise, fees on consumer loans had to be reduced by application of Communication "A" 5460, already mentioned under Update on Main Regulations.

Service-fee expense of the quarter reached ARS 134.7 million, with a quarter-on-quarter increase of 4.3% up from ARS 129.1 million, and a year-over-year increase of 33.9% from ARS 100.6 million, mainly due to fees paid on credit card transactions.

d) Administrative Expenses

Banco Patagonia Consolidated Administrative Expenses Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12

Payroll expenses 283.8 278.3 229.4 2.0% 23.7% Fees to directors and statutory auditors 3.6 3.8 2.9 -5.3% 24.1% Other fees 18.2 12.3 10.8 48.0% 68.5% Advertising and publicity 21.4 13.8 13.4 55.1% 59.7% Taxes 30.0 27.9 22.7 7.5% 32.2% Depreciation of Fixed Assets 6.4 6.3 6.3 1.6% 1.6% Amortization of Organizational Expenses 3.2 3.3 1.4 -3.0% 128.6% Other operating expenses 84.9 71.5 65.7 18.7% 29.2% Other 48.2 45.3 41.1 6.4% 17.3% Administrative Expenses 499.7 462.5 393.7 8.0% 26.9%

Administrative expenses in the quarter reached ARS 499.7 million, representing a 8% increase as compared to 3Q13 (ARS 462.5 million), and a 26.9% increase as compared to 4Q12 (ARS 393.7 million), mainly resulting from other operating expenses and payroll expenses.

Operating expenses rose by 18.7% as compared to 3Q13, and 29.2% as compared to 4Q12, due to an enlargement of the Bank's operative structure as a result of the opening of new customer desks and suppliers' price adjustments.

Payroll expenses rose by 2.0% as compared to 3Q13, and 23.7% as compared to 4Q12, as a result of a larger payroll and the wage increase negotiated with the unions.

Coverage of administrative expenses with net fee income reached 66.4%, while the annualized coverage of the same ratio reached 68.9%.

4Q13 Results Page 7

e) Miscellaneous Income / Loss

Miscellaneous net income and losses were reduced as compared to 3Q13 (net loss of ARS 5.5 million vs. net loss of ARS 0.6), as a result of the constitution of provisions for unused vacation time in the quarter.

RELEVANT FINANCIAL INFORMATION

a) LOAN PORTFOLIO

Banco Patagonia Consolidated Loans Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 To the Non-Financial Public Sector 283.1 204.1 170.8 38.7% 65.7% To the Financial Sector 696.7 591.8 621.6 17.7% 12.1% To the Non-Financial Private Sector 21,161.4 20,343.4 17,137.6 4.0% 23.5% Overdrafts 4,281.3 4,622.9 3,254.4 -7.4% 31.6% Documentary credits 8,483.6 7,599.8 6,503.4 11.6% 30.4% Mortgage loans 50.7 53.5 61.3 -5.2% -17.3% Auto loans 1,933.7 1,821.0 1,413.2 6.2% 36.8% Consumer loans 2,791.4 2,971.6 2,662.2 -6.1% 4.9% Credit cards 2,629.0 2,317.5 2,153.8 13.4% 22.1% Other 991.7 957.1 1,089.3 3.6% -9.0% (Provisions) -967.0 -738.4 -507.1 31.0% 90.7% Net Loans 21,174.2 20,400.9 17,422.9 3.8% 21.5%

Loans to the non-financial public sector increased by 38.7% as compared to the previous quarter, mainly due to the granting of a syndicated loan in favor of the General Treasury of the Province of Rio Negro in the amount of ARS 110.0 million, with interest rate at 27.5% and maturity in 2016.

The non-financial private sector loan portfolio reached ARS 21.161,4 million, representing an increase of 4.0% compared to 3Q13, and 23.5% compared to 4Q12.

Within the commercial portfolio there was an increase of financing to companies through documentary credits in the amount of ARS 883.8 million, as a continuation of the Bank's development in corporate segment transactions and consolidation of the companies segment.

There was also an increase in consumer-oriented credit facilities through credit cards (ARS 311.5 million), and auto loans (ARS 112.7 million), the main product marketed by GPAT Compañía Financiera S.A.

As a consequence of the rules established by Decree No. 1187/2012 and the resulting sale to Banco de la Nación Argentina of part of the consumer loan portfolio, there was a 6.1% fall in that portfolio as compared to 3Q12.

4Q13 Results Page 8

b) Exposure to the Public Sector

Banco Patagonia Consolidated Exposure to the Public Sector Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Government Securities (*) 1,419.2 1,051.0 1,133.3 35.0% 25.2% Loans to the Public Sector 283.1 204.1 170.8 38.7% 65.7% Exposure to the Public Sector 1,702.3 1,255.1 1,304.1 35.6% 30.5%

Share on Total Assets 5.3% 4.2% 4.8% 25.0% 10.6%

(*) Includes "Equity Interest” plus “Loans” and “Spot Purchases to be Settled and Forward Purchases“ less “Deposits” and "Spot Sales to be Settled and Forward Sales”.

As of December 31, 2013, exposure in assets to the public sector reached ARS 1,702.3 million, accounting for a quarter-on-quarter increase of 35.6% (ARS 1,255.1 million) and a year-over-year increase of 30.5% (ARS 1,304.1 million), with a share on total assets of 5.3%.

Higher exposure is mainly due to an increased position of Government Securities at the close of 4Q13, chiefly in BONAR BADLAR in Argentine pesos + 275pbs 2014, Argentine Bonds for Economic Development (BAADE), and Consolidation Bonds, 7th and 8th series.

c) Deposits

Banco Patagonia Consolidated Deposits Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Non-Financial Public Sector 2,693.6 2,511.0 2,045.3 7.3% 31.7% Checking Accounts 869.0 591.4 704.0 46.9% 23.4% Time deposits 1,824.6 1,919.6 1,341.3 -4.9% 36.0% Financial Sector 15.5 15.4 18.9 0.6% -18.0% To the Non-Financial Private Sector 19,904.6 18,478.6 16,940.9 7.7% 17.5% Checking Accounts 3,569.4 3,254.2 2,891.1 9.7% 23.5% Savings accounts 5,079.7 4,284.8 4,243.9 18.6% 19.7% Time deposits 9,936.3 9,503.7 8,801.2 4.6% 12.9% Investment accounts 1.4 2.4 2.5 -41.7% -44.0% Other 1,317.8 1,433.5 1,002.2 -8.1% 31.5% Deposits 22,613.7 21,005.0 19,005.1 7.7% 19.0%

Total deposits increased by 7.7% as compared to 3Q13, reaching ARS 22,613.7 million against ARS 21,005.0 million, while the financial system had a 7.2% quarterly growth, and an increase of 19.0% compared to 4Q12 (ARS 19,005.1 million).

4Q13 Results Page 9

Non-financial private sector deposits recorded a 7.7% (ARS 1,426.0 million) quarter-on-quarter increase, and a 17.5% (ARS 2,963.7 million) year-over-year increase, chiefly due to an increase in the volume of savings accounts, which increased by 18.6% (ARS 794.9 million) compared to 3Q13, and 19.7% (ARS 835.8 million) compared to the same quarter of the previous year. Likewise, term deposits rose by 4.6% (ARS 432.6 million) as compared to 3Q13, and 12.9% (ARS 1,135.1 million) as compared to 4Q12.

Total deposits at the close of 4Q13 account for 70.0% of the entity's total funding (70.5% in 3Q13, and 69.4% in 4Q12), while term deposits, in their turn, account for 52.0% of total deposits. The average rate of term deposits in pesos as of December 2013 was 19.1%, reflecting an increase compared to September 2013 (17.4%) and December 2012 (15.5%), coupled with an increase in the BADLAR rate, which in 4Q13 reached 21.63%, as compared to 3Q13 (17.19%) and 4Q12 (15.44%)..

d) Other Funding Sources

Banco Patagonia Consolidated Other Funding Sources Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12

Central Bank of the Republic of Argentina (BCRA) 39.1 41.5 41.3 -5.8% -5.3% International and agencies 315.3 194.0 404.0 62.5% -22.0% Non-Subordinated Corporate Bonds 1,.725.5 1,363.8 922.8 26.5% 87.0% Other Funding Sources 2,079.9 1,599.3 1,368.1 30.1% 52.0%

During this quarter, the other funding sources increased by 30.1%, chiefly by the issue of ARS 300 million in class II corporate bonds on November 1, 2013, with bullet repayment at maturity (May 1, 2015). This series accrues interest at an annual variable rate equivalent to the private BADLAR rate plus an interest rate differential of 3.9%, payable quarterly upon expiration. Netting this increase is the fourth payment of interest corresponding to Class I, Series I, in the amount of ARS 11.2 million.

Furthermore, under the Global Program for the Issue of Corporate Bonds of GPAT Compañía Financiera S.A., Series XV securities were issued; the amount of ARS 22.7 million was placed in Class A securities, maturing on August 27, 2014 and accruing interest at an annual nominal rate of 24.75%, while ARS 210.4 million were placed in Class B securities, maturing on May 27, 2015 and accruing interest at a variable annual nominal rate equivalent to the private BADLAR rate plus an interest rate differential of 450 points.

Besides, there was a 62.5% rise in the funding line with International Banks and Agencies during this quarter, as a result of an extension of lines with entities abroad designed to the financing of imports and exports in the amount of ARS 106.8 million and of the agreement signed with PROPARCO, mentioned under Relevant Facts, in the amount of ARS 51.6 to support the growth of small- and medium-sized companies in the agricultural and agroindustrial sectors.

4Q13 Results Page 10

e) Liquidity

Banco Patagonia Consolidated Liquid Assets Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12

Cash and Cash Equivalents 5,949.7 4,453.1 4,618.8 33.6% 28.8% Lebac / Nobac 809.6 978.8 1,041.3 -17.3% -22.3% Other Government and Corporate Securities 1,210.8 546.4 1,100.9 121.6% 10.0%

Liquid Assets 7,970.1 5,978.3 6,761.0 33.3% 17.9% Deposits 22,613.7 21,005.0 19,005.1 7.7% 19.0% Liquid Assets on Total Deposits 35.2% 28.5% 35.6% 23.8% -0.9%

Banco Patagonia holds liquid assets for ARS 7,970.1 million, which represents a quarter-on-quarter increase of 33.3% (ARS 5,978.3 million), and a 17.9% year-over-year increase (ARS 6,761.0 million). In addition, the liquidity on total deposits ratio reached 35.2%, which accounts for an increase compared to 3Q13 and follows the Entity's strategy regarding liquidity, which is oriented to manage liquidity efficiently, optimizing costs and diversifying funding sources, maximizing profits from placements through a sensible management that secures the funds necessary to continue with operations and compliance with applicable regulations.

f) Portfolio Quality

Banco Patagonia Consolidated Loan Portfolio Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Total loans 22,141.2 21,139.3 17,930.0 4.7% 23.5% Private sector loans 21,161.4 20,343.4 17,137.6 4.0% 23.5% Private sector portfolio in good standing 20,527.4 19,756.0 16,770.7 3.9% 22.4% Non-performing portfolio 358.9 349.5 197.6 2.7% 81.6% Provisions 967.0 738.4 507.1 31.0% 90.7% Portfolio in good standing as a % of private 97.0% 97.1% 97.9% -0.1% -0.9% sector loans Non-performing portfolio as a % of total private 1.7% 1.7% 1.2% -1.3% 47.1% sector loans Non-performing portfolio as a % of total loans 1.6% 1.7% 1.1% -2.0% 47.1% Non-performing portfolio as a % of total financing 1.5% 1.5% 1.0% -2.7% 50.1% Provisions as a % of total loans 4.4% 3.5% 2.8% 25.0% 54.4% Provisions as a % of loans to private sector 4.6% 3.6% 3.0% 25.9% 54.4% Provisions as a % of non-performing loan 269.4% 211.3% 256.7% 27.5% 5.0% portfolio Provisions as a % of non-performing financing 266.6% 208.1% 255.9% 28.1% 4.2% portfolio

4Q13 Results Page 11

Variation of indexes related to the portfolio is monitored on a permanent basis by the Bank Management in order to take the corresponding steps in each scenario. Thus, in 4Q13 the Entity chose to constitute additional allowances to the minimum ones required by the BCRA, supported by an analysis of the experience with clients included in the provisions of Decree No. 1187/2012 and of the evolution of the main economic indexes of the country and the different sectors.

As of December 31, 2013 the non-performing portfolio index over total financing was 1.5%, keeping at the same level compared to 3Q13 (1.5%), and coverage with allowances on the non-performing loan portfolio was 269.4%, representing an increase as compared to 3Q13 due to the reasons explained in the above paragraph. In turn, 97.0% of the private sector loan portfolio is in good standing.

Variation of indexes related to the portfolio is monitored on a permanent basis by the Bank Management in order to take the corresponding steps in each scenario.

g) Capitalization

Banco Patagonia Consolidated Capitalization Change (%) as of Figures In million pesos 4Q13 3Q13 4Q12 3Q13 4Q12 Minimum Capital Requirement (A) 2,451.6 2,287.3 2,179.3 7.2% 12.5% Credit Risk. 1,923.2 1,821.7 1,426.8 5.6% 34.8% Market risk - Securities 51.9 29.1 33.7 78.4% 54.0% Market risk - Currencies 5.5 3.7 3.3 48.6% 66.7% Interest Rate Risk 0.0 0.0 376.2 0.0% -100.0% Operational Risk 471.0 432.8 339.3 8.8% 38.8% Composition (B) 4,604.7 4,221.6 3,313.3 9.1% 39.0% Common Capital - Level 1 4,419.2 4,064.2 3,253.1 8.7% 35.8% Deductible items COn1 -35.3 -33.7 -22.8 4.7% 54.8% Common Capital - Level 2 220.8 191.1 83.0 15.5% 166.0% Difference (B) - (A) 2,153.1 1,934.3 1,134.0 11.3% 89.9%

As of December 31, 2013, Banco Patagonia's capitalization index showed excess cash of ARS 2,153.1 million over the requirements established in the regulations issued by the Central Bank of the Republic of Argentina, accounting for an increase of 11.3% as compared to the previous quarter (ARS 1,934.3 million), and of 89.9% compared to 4Q12 (ARS 1,134.0 million). This change was produced by implementation of Communication "A" 5369 and complementary regulations, in force as from January 1, 2013, which repeals provisions on minimum capital related to interest rate risk; such risk, however, is still managed by the entity.

Furthermore, these amendments brought about some changes in risk-factor weighing and non-performing loan portfolio treatment, and the addition of the "credit risk coverage" concept, by means of which the treatment to be given to collateral is specifically addressed.

In this regard, the capitalization ratio that relates RPC (accountable corporate liability) to risk-weighted assets reached 15.0%, a decrease as compared to the previous quarter resulting from the application of the provisions of BCRA Communication "A" 5369.

If this ratio had been calculated using the same methodology as in 3Q12, it would have resulted in 19.8%, keeping then at the same levels as in the previous quarter (19.1%).

4Q13 Results Page 12

4Q13 RELEVANT FACTS

1) The Entity has completed within regulatory terms the process for granting loans under the credit facility for productive investment oriented to micro-, small- and medium-sized companies (MiPyMEs) established in Communication "A" 5319 of the Central Bank of the Republic of Argentina, as supplemented by Communications "A" 5380 and "A" 5449. As of December 31, 2013 the balance was ARS 1,769.8 million.

2) On April 1, 2013 Banco Patagonia signed an agreement with PROPARCO (a company for the promotion and participation in economic cooperation – French Development Agency) on a long-term loan in the amount of USD 20.0 million oriented to promote the growth of small- and medium-sized companies in the agricultural and agroindustrial sector. This facility will allow Banco Patagonia to increase its volume of operations in rural areas and offer its clients dollar-denominated loans, with maturities at 7 years. Projects to be financed must meet certain environmental requirements, in accordance with the implementation of the Millennium Development Goals (MDGs). On November 18, 2013 the amount of USD 7.9 million was disbursed from such facility.

3) On November 21, 2013, under the Global Program for the Issue of Corporate Bonds of GPAT C.F.S.A., Series XV securities in the maximum amount of ARS 250.0 million were issued; the amount of ARS 22.7 million was placed in Class A securities, maturing on August 27, 2014 and accruing interest at an annual nominal rate of 24,75%, while ARS 210.4 million were placed in Class B securities, maturing on May 27, 2015 and accruing interest at a variable annual nominal rate equivalent to the private BADLAR rate plus an interest rate differential of 450 points.

On January 20, 2014 the Board of Directors of GPAT C.F.S.A. approved the issue of Series XVI Corporate Bonds in the maximum amount of up to ARS 200 million, which still has to be approved by the CNV.

4) On August 26, 2013, the Board of Directors of Banco Patagonia S.A. approved an update of the Prospectus related to the Global Program for the Issue of Simple Corporate Bonds, and the issue, under said Program, of Class II bonds in the amount of ARS 300 million; on October 23, 2013 both the update and the new issue were authorized by the CNV. On November 1, 2013 the Entity issued Class No. II corporate bonds, with maturity at 18 months and bullet repayment at maturity. This series accrues interest at an annual variable rate equivalent to the private BADLAR rate plus an interest rate differential of 3.9%, payable quarterly upon expiration. On December 3, 2013, under said program, the fourth interest payment was made for Class I, Series I, in the amount of ARS 11.2 million.

5) On December 12, 2013 the Board of Directors of Banco Patagonia S.A. approved a syndicated loan, in which it is a participant and arranger, with the Province of Rio Negro, in the amount of ARS 110.0 million with 27.5% interest and maturity in December 2016.

6) The Earnings Distribution Proposal included in the Financial Statements provides for payment of cash dividends in the amount of ARS 451,852 thousand, subject to authorization by the BCRA Foreign Exchange and Financial Institutions Regulatory Agency (SEFyC) and approval by the Shareholders' Meeting of the Entity.

4Q13 Results Page 13

UPDATE ON THE MAIN REGULATIONS

On December 27, 2012, Act No. 26.831, governing the Capital Market, was enacted. The Act provides for the full amendment of the present public offer system (Act No. 17.811) and its effective date is January 28, 2013. The new regulations concentrate in the CNV the control over all subjects of marketable securities public offering and establish that markets in operation and the entities that are created as successors thereof must have a public offering authorization granted by the CNV before December 31, 2014. On September 9, 2013 the CNV issued General Resolution No. 622/13, which provides for an adaptation of CNV rules to the new requirements, oriented to securing normal performance of the various agents working in the Capital Market, with the purpose to obtain compliance with and observance of the principles established in the new Capital Market Act.

On May 29, 2013, Act No. 26.860 on "Voluntary Disclosure of Foreign Currency" authorized the issue of a dollar-denominated Bond for Economic Development (BAADE), the proceeds of which would be used to finance public investment projects in strategic sectors, such as infrastructure and hydrocarbons. Issuance was on July 17, for a two-year term, bullet at maturity amortization and interest at 4% per annum, payable semiannually.

On July 19, 2013 the BCRA issued Communication "A" 5460, to regulate the measures that provide for the protection of the users. The rule regulates, as from September 30, 2013, the charges and fees for the rendering of services, and makes it mandatory to include the interest rate and final financial cost in any document signed between the parties. Furthermore, agreements between entities and users will include a "revocation clause". As regards insurance, users must be given the option to choose among at least three unrelated insurance companies.

Communication "A" 5471 of the BCRA established as from August a new deduction to the reserve requirements in accordance with cash withdrawals performed through ATMs operating for each entity. The deduction will be greater if the ATM is located in a less developed and bankarized geographical area, and also greater in the case of ATMs located outside the entities' agencies than for those located inside the branches.

On December 27, 2013 the BCRA published Communication "A" 5516, establishing the extension of a credit facility for productive investment for 2014 (2014 quota), with similar features to the ones of the original facility. Admitted applications are mortgage loans for individuals, investment projects and infrastructure works, export of capital goods for clients that do not meet the requirements to be considered as MiPyme, for an amount equivalent to 50% of the quota total amount. The maximum annual nominal fixed interest rate will be of up to 17,50% at least during the first 36 months, except for mortgage loans for individuals, in which case such rate applies during the first year. Upon expiration of this term, if such rate is discontinued, a variable rate may be applied which cannot exceed the BADLAR rate in pesos plus 300 base points.

All financing must be granted by June 30, 2014 at the latest by means of a single disbursement, without exceeding such date, or in a staggered manner, by December 31, 2014 at the latest, only if the characteristics of the project to be financed so allow.

4Q13 Results Page 14

ADDITIONAL INFORMATION REQUIRED BY SECT. 12, CHAPTER III, TITLE IV OF CNV REGULATIONS (GENERAL RESOLUTION No. 622/13)

I. General Background on the Company's Business

1. Specific and significant regulatory regimes that that may entail the contingent loss or acquisition of legal benefits established in those regulations.

None.

2. Significant amendments to the company's business or other similar circumstances that occurred during the periods included in the financial statements that affect their ability to be compared to the financial statements published for previous periods, or that may affect such ability to be compared to financial statements to be published in future.

None.

3. Classification of loan (receivables) and debt (deposit and liabilities) balances, as per their maturities.

See Exhibit ·D· - Breakdown by Financing Terms -, and Exhibit "I" – Breakdown by Terms of Deposits, Other Liabilities for Financial Intermediation and Subordinate Corporate Bonds - in the Individual Financial Statements of Banco Patagonia S.A.

4. Classification of loans (receivables) and debts (deposits and liabilities) to disclose their financial effects.

National Currency Foreign Currency Item CER Kind In ARS thousand With Adjust- With no With With no interest ment interest interest interest clause Clause clause clause clause Financing Loans 19,177,670 20,077 - 925,448 - - Other Receivables from 313,186 - 705,066 6,368 3,324 49,237 Financial Intermediation Receivables for Financial 928,497 - - 4,044 - - Leasing Miscellaneous 34,983 - 342,427 4,179 1,183 - Receivables TOTAL 20,454,336 20,077 1,047,493 940,039 4,507 49,237

Deposits and Liabilities Deposits 16,477,197 - 4,429,843 1,133,951 26,034 - Other liabilities for 584,465 - 913,144 327,439 501,475 156,331 financial intermediation Miscellaneous Liabilities - - 873,358 - 2 - TOTAL 17,061,662 - 6,216,345 1,461,390 527,511 156,331

4Q13 Results Page 15

5. Details of the equity interest under Section 33 of Law No. 19,550 in capital and total votes, and debit and/or credit balances by company.

See Exhibit "E" – Detail of Equity Interest in Other Companies, and Note 8 – Transactions with Companies included in Sect. 33, Law 19,550 of Individual Financial Statements of Banco Patagonia S.A.

6. Trade receivables or loans to directors, statutory auditors, members of the Supervisory Committee and their relatives up to, and including, the second degree of kinship.

Financing Maximum In ARS thousand 12/31/13 Financing Directors and relatives 911 1,021 Statutory auditors and 31 35 relatives TOTAL 942 1,056

Such financial aid is represented by financing in pesos, granted under terms and conditions that are similar to the ones applied to the Entity's other clients, without monetary adjustment clause.

II. Physical Inventories

7. Frequency and scope of physical inventories.

Not applicable. iii. Current Values

8. Current values used for the valuation of inventories, fixed assets and other material assets.

The entity has no fixed assets and miscellaneous assets valued at current value.

Fixed Assets

9. Fixed assets subject to appraisal write-up.

None.

10. Obsolete fixed assets.

None. iv. Equity interest in other companies

11. Equity interest in other companies exceeding the limits established in section 31, Law No. 19,550 and plans to regularize the situation.

None.

4Q13 Results Page 16

v. Recoverable values

12. Criteria followed to assess material "recoverable values" for inventories, fixed assets and other assets, used as limits for their respective accounting valuations.

To assess "recoverable values", the entity uses the net realization value corresponding to the condition of the assets.

vi. Insurance

13. Insurance on tangible property.

Accounting Property insured Amount Risk Value In ARS thousand insured . Fraud, theft, safe boxes and Cash, checks and securities 91,252 1,314,217 transportation of valuables Buildings, machines, equipments, Fire, vandalism and earthquake 854,093 262,890 furniture, fixtures and works of art

Vehicles All risks and third-party 4,739 1,317

Civil liability, medical expenses Aircraft 338,936 - and bodily injury Furniture, computer equipments, signs Transportation of assets 26,274 - and telephone vii. Positive and negative contingencies

14. Items considered to calculate provisions the balances of which, considered either individually or jointly, exceed two percent (2%) of the shareholders' equity.

See Note 1.5.g) - Allowance for loan losses, contingent liabilities and other contingencies of the Individual Financial Statements of Banco Patagonia S.A.

15. Contingent situations as of the date of the financial statements the probability of occurrence of which is not remote, and the financial effects of which have not been recorded, stating whether lack of accounting is based on the probability of occurrence or on any difficulty to quantify its effects.

None. viii. Irrevocable contributions on account of future share subscriptions

16. Status of procedures oriented to capitalization.

None.

17. Unpaid cumulative dividends on preferred shares.

None.

4Q13 Results Page 17

18. Conditions, circumstances or terms for the cessation of restrictions to the distribution of retained earnings.

See Note 18 – Restriction to profit distribution, of the Individual Financial Statements of Banco Patagonia S.A.

OUTLOOK

The goals of Banco Patagonia include to strengthen its position as one of the leading banks in the Argentine Financial System, oriented to individuals, small- and medium-sized companies, large companies and the corporate segment, to render services that are highly valued by clients and to achieve a greater share in regions with high potential for the business, by means of an enlarged coverage through the branches all over the country. To achieve these goals, the Entity will focus on a sensible management of risk policies, an efficient handling of resources, an adequate expense control and a diversified, stable and low-cost funding structure.

In addition, the focus will be maintained on the consolidation of the marketing of financial products and services to Brazilian companies doing business in Argentina and to Argentine multinational companies with commercial relations in .

4Q13 Results Page 18

MAIN INDICATORS

Banco Patagonia Consolidated Figures BREAKDOWN 4Q13 3Q13 4Q12 4Q11

Profitability Indexes Return on average assets (1) 4.3% 4.2% 4.0% 3.8% Return on average assets before income tax (2) 7.5% 7.0% 6.9% 6.1% Return on average shareholders' equity (3) 30.9% 30.6% 30.0% 27.4% Return on shareholders' equity before income tax (4) 52.8% 49.5% 50.1% 43.5% Indexes on Financial Margin and by Service Total financial margin (net financial income / Average Assets) 10.9% 9.6% 10.0% 8.9% Margin on net services (net fee income / Average Assets) 4.4% 4.5% 4.5% 4.3% Total margin (net total income / average assets) (5) 15.3% 14.1% 14.5% 13.2% Net fee income on net total income (5) 28.8% 32.0% 30.9% 32.9% Shareholders' Equity Indexes Shareholders' equity on total assets 14.2% 14.2% 12.4% 12.8% Financial standing (shareholders' equity on total liabilities) 16.6% 16.6% 14.2% 14.7% Total liabilities as a multiple of shareholders' equity 6.0 6.0 7.1 6.8 RPC on risk-weighted assets (6) 15.0% 19.1% 18.9% 19.4% Portfolio Quality Ratio Provisions on total loans (before provisions) 4.4% 3.5% 2.8% 1.9% Non-performing portfolio on financing (before provisions) (7) 1.5% 1.5% 1.0% 0.8% Provisions on non-performing financing portfolio (7) 266.6% 208.1% 256.7% 234.2% Efficiency Index Administrative expenses on total net income (5) 41.9% 45.9% 45.6% 52.3% Net fee income on administrative expenses 68.9% 69.8% 67.8% 62.9% Administrative expenses on average assets (8) 6.4% 6.5% 6.6% 6.9% Liquidity Ratios Liquid Assets on deposits (9) 35.2% 28.5% 35.6% 36.5% Loans (net of provisions) on assets 65.5% 68.5% 64.3% 60.5% Deposits on liabilities 81.6% 82.3% 80.1% 80.6% Loans on deposits 93.6% 97.1% 91.7% 86.1% Fixed assets (10) 7.0% 8.4% 9.2% 10.7%

(1) defined as the quotient between income for the year / annualized period and average assets calculated according to monthly balances. (2) defined as the quotient between income for the year before income tax / annualized period and average assets calculated according to monthly balances. (3) defined as the quotient between income for the year / annualized period and average shareholders' equity calculated according to monthly balances. (4) defined as the quotient between income for the year before income tax / annualized period and average shareholders' equity calculated according to monthly balances. (5) total net income defined as the sum total of financial income and net fee income (6) RPC means accountable corporate liability (7) non-performing portfolio is defined as loans classified as 3 – 4 – 5 and 6 condition. (8) average assets calculated according to monthly balances. (9) defined as the quotient between the sum total of cash and cash equivalents and government and corporate securities and total deposits. (10) defined as the quotient between the sum total of fixed, sundry and intangible assets and shareholders' equity.

4Q13 Results Page 19

SUMMARIZED ACCOUNTING INFORMATION

a) Consolidated Financial Structure

Balance Sheet Banco Patagonia Consolidated Figures In million pesos 4Q13 % 3Q13 % 4Q12 % 4Q11 % 4Q10 %

Cash and Cash Equivalents 5,949.7 18.4% 4,453.1 15.0% 4,618.8 17.0% 2,430.9 12.6% 1,583.7 10.8% Government and Corporate 2,020.4 6.3% 1,525.2 5.1% 2,142.2 7.9% 2,537.6 13.1% 3,610.1 24.6% Securities Loans 21,174.2 65.5% 20,400.9 68.5% 17,422.9 64.3% 11,701.9 60.5% 7,491.3 51.1% To the Non-Financial Public 283.1 0.9% 204.1 0.7% 170.8 0.6% 117.0 0.6% 90.6 0.6% Sector Financial Sector 696.7 2.2% 591.8 2.0% 621.6 2.3% 390.7 2.0% 237.9 1.6% To the Non-Financial Private 21,161.4 65.5% 20,343.4 68.3% 17,137.6 63.2% 11,424.7 59.0% 7,323.4 49.9% Sector (Provisions) -967.0 -3.1% -738.4 -2.5% -507.1 -1.8% -230.5 -1.1% -160.6 -1.0% Other Receivables from 1,527.5 4.7% 1,880.2 6.3% 1,699.4 6.3% 1,486.7 7.7% 1,057.4 7.2% Financial Intermediation Receivables for Financial 920.2 2.8% 773.7 2.6% 636.6 2.3% 491.2 2.5% 233.3 1.6% Leasing Other Assets 722.1 2.3% 742.7 2.5% 585.4 2.2% 702.1 3.6% 694.0 4.7% ASSETS 32,314.1 100.0% 29,775.8 100.0% 27,105.3 100.0% 19,350.4 100.0% 14,669.8 100.0%

Balance Sheet Banco Patagonia Consolidated Figures In million pesos 4Q13 % 3Q13 % 4Q12 % 4Q11 % 4Q10 %

Deposits 22,613.7 70.0% 21,005.0 70.6% 19,005.1 70.1% 13,596.9 70.3% 10,507.6 71.6% Non-Financial Public Sector 2,693.6 8.3% 2,511.0 8.4% 2,045.3 7.5% 1,860.9 9.6% 1,550.4 10.6% Financial Sector 15.5 0.0% 15.4 0.1% 18.9 0.1% 17.9 0.1% 56.6 0.4% To the Non-Financial Private 19,904.6 61.7% 18,478.6 62.1% 16,940.9 62.5% 11,718.1 60.6% 8,900.6 60.6% Sector Other liabilities for financial 3,935.2 12.2% 3,646.6 12.2% 3,835.3 14.1% 2,464.5 12.7% 1,433.3 9.8% intermediation Other Liabilities 1,168.7 3.6% 882.4 3.0% 898.1 3.4% 806.5 4.2% 617.9 4.2% LIABILITIES 27,717.6 85.8% 25,534.0 85.8% 23,738.5 87.6% 16,867.9 87.2% 12,558.8 85.6%

Shareholders' Equity 4,596.5 14.2% 4,241.8 14.2% 3,366.8 12.4% 2,482.5 12.8% 2,111.0 14.4% Total Liabilities + 32,314.1 100.0% 29,775.8 100.0% 27,105.3 100.0% 19,350.4 100.0% 14,669.8 100.0% Shareholders' Equity

4Q13 Results Page 20

b) Comparative Consolidated Profit And Loss Structure

Statement of Income Banco Patagonia Consolidated Figures In million pesos 4Q13 % 3Q13 % 4Q12 % 4Q11 % 4Q10 % Financial Income 1,893.7 100.0% 1,.508.2 100.0% 989.3 100.0% 764.1 100.0% 485.5 100.0% Financial Expenses 748.9 39.5% 627.4 41.6% 421.9 42.6% 234.7 30.7% 134.5 27.7% Gross Intermediation Spread 1,144.8 60.5% 880.8 58.4% 567.4 57.4% 529.4 69.3% 351.0 72.3% Uncollectibility Charge 267.6 14.1% 138.6 9.2% 96.5 9.8% 57.5 7.5% 12.8 2.6% Net Fee Income 331.9 17.5% 325.3 21.6% 287.5 29.1% 207.9 27.2% 134.0 27.6% Administrative Expenses 499.7 26.4% 462.5 30.7% 393.7 39.8% 312.5 40.9% 247.3 51.0% Net Operative Income 709.4 37.5% 605.0 40.1% 364.7 36.9% 367.3 48.1% 224.9 46.3% Miscellaneous Income / Loss -5.5 -0.3% -0.6 0.0% 24.7 2.5% 11.0 1.4% 14.5 3.0%

Income before Income Tax 703.9 37.2% 604.4 40.1% 389.4 39.4% 378.3 49.5% 239.4 49.3%

Income Tax 349.3 18.5% 248.5 16.5% 161.4 16.4% 157.9 20.7% 82.7 17.0% Net Income for the Quarter 354.6 18.7% 355.9 23.6% 228.0 23.0% 220.4 28.8% 156.7 32.3%

c) Consolidated Foreign Currency Position

Foreign Currency Position Banco Patagonia Consolidated Figures

In million pesos 4Q13 3Q13 4Q12 4Q11 4Q10 Cash and Cash Equivalents 2,808.6 1,849.2 1,561.7 922.8 971.7 Government and Corporate Securities 265.4 128.3 52.8 296.5 256.6 Loans 925.4 1,067.4 1,433.2 1,688.1 1,108.0 Other Receivables from Financial Intermediation 505.4 594.3 270.3 193.6 170.4 Receivables for Financial Leasing 4.0 4.9 8.6 18.1 29.3 Other Assets 5.7 5.0 4.4 4.1 41.0 ASSETS 4,514.5 3,649.1 3,331.0 3,123.2 2,577.0 Deposits 1,711.1 1,718.5 1,462.1 1,927.1 1,668.0 Other liabilities for financial intermediation 892.1 484.1 682.7 671.9 312.2 Other Liabilities 1.1 0.7 1.0 0.8 2.5

LIABILITIES 2,604.3 2,203.3 2,145.8 2,599.8 1,982.7

Foreign Currency Position in Pesos 1,910.2 1,445.8 1,185.2 523.4 594.3

Benchmark Exchange Rate 6.5180 5.7915 4.9173 4.3032 3.9758

Foreign Currency Position in US Dollars 293.1 249.6 241.0 121.6 149.5

4Q13 Results Page 21

d) Consolidated Statement of Cash Flow

STATEMENT OF CASH FLOW Banco Patagonia Consolidated Figures

In million pesos 4Q13 3Q13 4Q12 4Q11 4Q10

Net Cash Flow Generated by (Used in) Operations 654.0 345.9 1.063.5 -167.5 -345.4 Net Cash Flow generated by (used in) investing activities 36.2 -27.2 -4.5 5.8 -96.9

Net Cash Flow generated by (used in) financing activities 460.3 121.2 93.9 303.4 66.2 Financial Income (Expense) and Holding Gains (Losses) and their equivalents (including interest and monetary gain/loss) 346.1 123.0 94.9 42.7 25.1

Net increase / (decrease) of the period 1,496.6 562.9 1.247.8 184.4 -351.0 e) Comparative Individual Financial Structure

Balance Sheet Banco Patagonia Standalone In million pesos 4Q13 % 3Q13 % 4Q12 % 4Q11 % 4Q10 % Cash and Cash Equivalents 5,758.0 19.1% 4,170.7 15.1% 4,403.8 17.2% 2,242.3 12.1% 1,481.0 10.4% Government and Corporate 1,993.7 6.6% 1,500.6 5.4% 2,117.1 8.3% 2,511.6 13.5% 3,560.3 25.0% Securities Loans 19,187.8 63.6% 18,541.2 67.3% 16,031.4 62.7% 11,053.2 59.6% 7,235.0 50.9% To the Non-Financial Public 283.1 0.9% 204.1 0.7% 170.8 0.7% 117.0 0.6% 90.6 0.6% Sector Financial Sector 753.8 2.5% 661.9 2.4% 713.7 2.8% 634.8 3.4% 241.1 1.7% To the Non-Financial Private 19,086.3 63.3% 18,381.8 66.7% 15,634.2 61.2% 10,520.3 56.7% 7,060.8 49.6% Sector (Provisions) -935.4 -3.1% -706.6 -2.5% -487.3 -2.0% -218.9 -1.1% -157.5 -1.0% Other Receivables from 1,074.8 3.6% 1,365.6 5.0% 1,444.7 5.7% 1,322.3 7.1% 840.0 5.9% Financial Intermediation Receivables for Financial 920.2 3.1% 773.7 2.8% 636.6 2.5% 491.2 2.6% 233.3 1.6% Leasing Other Assets 1,211.9 4.0% 1,192.4 4.4% 926.4 3.6% 940.6 5.1% 873.0 6.2% ASSETS 30,146.4 100.0% 27,544.2 100.0% 25,560.0 100.0% 18,561.2 100.0% 14,222.6 100.0%

Balance Sheet Banco Patagonia Standalone In million pesos 4Q13 % 3Q13 % 4Q12 % 4Q11 % 4Q10 %

Deposits 22,067.0 73.2% 20,325.3 73.8% 18,645.2 73.0% 13,317.2 71.7% 10,298.7 72.4% Non-Financial Public Sector 2,693.6 8.9% 2,511.0 9.1% 2,045.3 8.0% 1,860.9 10.0% 1,550.4 10.9% Financial Sector 18.0 0.1% 21.6 0.1% 24.1 0.1% 20.7 0.1% 56.6 0.4% To the Non-Financial Private 19,355.4 64.2% 17,792.7 64.6% 16,575.8 64.9% 11,435.6 61.6% 8,691.7 61.1% Sector Other liabilities for financial 2,482.9 8.2% 2,240.8 8.1% 2,821.2 11.0% 2,070.5 11.2% 1,295.7 9.1% intermediation Other Liabilities 1,000.0 3.4% 736.3 2.7% 726.8 2.8% 691.0 3.7% 517.2 3.7% Liabilities 25,549.9 84.8% 23,302.4 84.6% 22,193.2 86.8% 16,078.7 86.6% 12,111.6 85.2%

Shareholders' Equity 4,596.5 15.2% 4,241.8 15.4% 3,366.8 13.2% 2,482.5 13.4% 2,111.0 14.8% Total Liabilities + 30,146.4 100.0% 27,544.2 100.0% 25,560.0 100.0% 18,561.2 100.0% 14,222.6 100.0% Shareholders' Equity

4Q13 Results Page 22

f) Comparative Individual Income and Loss Structure

Statement of Income Banco Patagonia Standalone In million pesos 4Q13 % 3Q13 % 4Q12 % 4Q11 % 4Q10 %

Financial Income 1,.810.8 100.0% 1,430.7 100.0% 934.9 100.0% 739.3 100.0% 471.8 100.0% Financial Expenses 673.8 37.2% 560.5 39.2% 382.2 40.9% 222.6 30.1% 133.2 28.2% Gross Intermediation Spread 1,137.0 62.8% 870.2 60.8% 552.7 59.1% 516.7 69.9% 338.6 71.8% Uncollectibility Charge 266.9 14.7% 133.3 9.3% 93.8 10.0% 54.8 7.4% 11.5 2.4% Net Fee Income 266.9 14.7% 267.7 18.7% 241.3 25.8% 185.4 25.1% 120.7 25.6% Administrative Expenses 485.7 26.8% 448.8 31.4% 380.3 40.7% 302.8 41.0% 239.0 50.7% Net Operative Income 651.3 36.0% 555.8 38.8% 319.9 34.2% 344.5 46.6% 208.8 44.3% Miscellaneous Income / Loss 32.3 1.8% 29.4 2.1% 52.7 5.7% 24.7 3.3% 26.8 5.6%

Income before Income Tax 683.6 37.8% 585.2 40.9% 372.6 39.9% 369.2 49.9% 235.6 49.9%

Income Tax 329.0 18.2% 229.3 16.0% 144.6 15.5% 148.8 20.1% 78.9 16.7% Net Income for the Quarter 354.6 19.6% 355.9 24.9% 228.0 24.4% 220.4 29.8% 156.7 33.2%

Jorge G. Stuart Milne President

4Q13 Results Page 23

NOTE

This report might include forward-looking statements. If included, these statements are mainly based on the current opinions, expectations and projections by the Bank and its management about future events and operating and financial trends that will affect the Bank's business. There are many important factors that could cause the Bank's actual results to differ substantially from those results anticipated in our forward- looking statements, such as, but not limited to: inflation; changes in interest rates and the costs of deposits; Argentine government regulations affecting the Bank's operations; adverse judicial or administrative decisions; general credit risks, such as increases in defaults by borrowers; unexpected increases in financing or other costs; fluctuation or depreciation of the value of the Argentine public debt held in treasury by the Bank; competition in the banking or financial market or in other related Argentine markets; withdrawal of deposits by Bank's clients; deterioration in the regional, national and international business and economic conditions; and fluctuations in the Argentine peso exchange rate.

The words ''it is considered',' ''might, ''would',' ''estimate'', ''continue'', ''anticipate'', ''intend'', ''expect'', ''forecast'' and similar terms are intended to identify forward-looking statements. Such statements include information concerning results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, effects of future regulations and effects of competition that possibly or supposedly may happen in the future. These statements are valid only as of the date they were made, and the Bank assumes no obligation to publicly update or to revise any of the forward-looking statements after the distribution of this report as a result of new information, future events or other factors. These expectations and projections are subject to material risks and uncertainties and may not be accurate or may change significantly. In light of these risks and uncertainties, the future events and circumstances discussed in this report are not to be taken as guarantees of future performance.

This report is a summary analysis of the results of Banco Patagonia and its subsidiaries. For a proper interpretation, this report must be read in conjunction with any other material periodically filed with the Comisión Nacional de Valores (www.cnv.gov.ar), Comissão de Valores Mobiliários (www.cvm.gov.br), Bolsa de Comercio de (www.bolsar.com.ar), and Bolsa de Valores de São Paulo (www.bovespa.com.br). In addition, the Argentine Central Bank (www.bcra.gov.ar) may publish information related to Banco Patagonia as of a date subsequent to the last date for which the Bank has published information.

4Q13 Results Page 24

CONFERENCE CALL

Banco Patagonia S.A. will hold a conference call to discuss the profit/loss corresponding to 4Q13 on February 10, 2014 at 01:00 p.m. (Buenos Aires Time), 11.00 p.m. (US Eastern Time). To participate, please dial: Participant Dial In (Toll Free): 1-800-444-2930 Participant International Dial In: 1-412-317-6776 Code: 10040819

INVESTOR RELATIONS

Banco Patagonia S.A. Laura E. Varela Investor Relations Phone: (5411) – 4132 – 6090 Fax: (5411) – 4132 – 6075 e-mail: [email protected] website: www.bancopatagonia.com.ar/relacionconinversores

4Q13 Results Page 25