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CARTERAS MERVAL Y M.AR 2010

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CARTERAS MERVAL Y M.AR 2010 COMPOSICIÓN DE LA CARTERA DEL INDICE MERVAL MERVAL INDEX PORTFOLIO AND WEIGHTS PRIMER TRIMESTRE DE 2010 TERCER TRIMESTRE DE 2010 - First Quarter 2010 - - Third Quarter 2010 - Especie % Especie % Especie % Especie % -Stock- -Stock- -Stock- -Stock- Tenaris 26.04% Banco Patagonia 4.74% Tenaris 26.63% Banco Francés 4.56% Pampa Energía 14.12% Telecom Argentina 4.45% Petroleo Brasileiro 11.32% Banco Macro 3.58% Grupo Financiero Galicia 8.91% Aluar 4.42% Grupo Financiero Galicia 9.78% Petrobras Energía 2.81% Petroleo Brasileiro 8.31% Siderar 4.31% Siderar 9.41% Edenor 2.56% Banco Macro 5.87% Transener 3.57% Pampa Energía 7.19% Transener 2.18% Edenor 5.65% Banco Francés 2.91% Telecom Argentina 6.98% Mirgor 1.79% Petrobras Energía 5.07% Banco Hipotecario 1.62% Banco Patagonia 4.99% Banco Hipotecario 1.63% Aluar 4.59% SEGUNDO TRIMESTRE DE 2010 CUARTO TRIMESTRE DE 2010 - Second Quarter 2010 - - Fourth Quarter 2010 - Especie % Especie % Especie % Especie % -Stock- -Stock- -Stock- -Stock- Tenaris 26.19% Edenor 4.21% Tenaris 25.12% Aluar 4.58% Pampa Energía 11.11% Aluar 4.13% Grupo Financiero Galicia 15.69% Banco Macro 3.83% Petroleo Brasileiro 11.00% Petrobras Energía 3.63% Petroleo Brasileiro 9.66% Banco Patagonia 3.69% Grupo Financiero Galicia 8.99% Banco Francés 3.26% Telecom Argentina 8.63% Petrobrás Argentina 2.65% Siderar 6.41% Transener 3.07% Siderar 7.71% Edenor 2.52% Banco Macro 5.02% Banco Hipotecario 1.57% Pampa Energía 5.73% Banco Hipotecario 2.45% Telecom Argentina 4.96% Mirgor 1.52% Banco Francés 5.60% Transener 2.15% Banco Patagonia 4.92% COMPOSICIÓN DE LA CARTERA DEL INDICE M.AR M.AR INDEX PORTFOLIO AND WEIGHTS PRIMER TRIMESTRE DE 2010 TERCER TRIMESTRE DE 2010 - First Quarter 2010 - - Third Quarter 2010 - Especie % Especie % Especie % Especie % -Stock- -Stock- -Stock- -Stock- Pampa Energía 20.26% Siderar 6.18% Grupo Financiero Galicia 14.83% Petrobrás Energia 4.27% Grupo Financiero Galicia 12.78% Transener 5.13% Siderar 14.27% Edenor 3.88% Banco Macro 8.43% Banco Francés 4.17% Pampa Energía 10.91% Transener 3.30% Edenor 8.11% Banco Hipotecario 2.33% Telecom Argentina 10.59% Mirgor 2.71% Petrobras Energía 7.28% Comercial del Plata 2.05% Banco Patagonia 7.57% Banco Hipotecario 2.47% Banco Patagonia 6.80% Mirgor 1.88% Aluar 6.95% Comercial del Plata 2.21% Telecom Argentina 6.39% Molinos 1.86% Banco Francés 6.92% Molinos 1.92% Aluar 6.34% Banco Macro 5.43% Trans. Gas del Sur 1.77% SEGUNDO TRIMESTRE DE 2010 CUARTO TRIMESTRE DE 2010 - Second Quarter 2010 - - Fourth Quarter 2010 - Especie % Especie % Especie % Especie % -Stock- -Stock- -Stock- -Stock- Pampa Energía 17.00% Petrobrás Energia 5.56% Grupo Financiero Galicia 22.28% Petrobrás Argentina 3.77% Grupo Financiero Galicia 13.75% Banco Francés 4.99% Telecom Argentina 12.26% Edenor 3.58% Siderar 9.81% Transener 4.69% Siderar 10.96% Banco Hipotecario 3.47% Banco Macro 7.68% Banco Hipotecario 2.41% Pampa Energía 8.14% Transener 3.05% Telecom Argentina 7.58% Mirgor 2.33% Banco Francés 7.96% Molinos 2.20% Banco Patagonia 7.52% Comercial del Plata 2.16% Aluar 6.50% Mirgor 1.77% Edenor 6.43% Molinos 1.77% Banco Macro 5.44% Irsa 1.70% Aluar 6.32% Banco Patagonia 5.24% Comercial del Plata 1.68% COMPOSICIÓN DE LA CARTERA DEL INDICE MERVAL 25 MERVAL 25 INDEX PORTFOLIO AND WEIGHTS PRIMER TRIMESTRE DE 2010 - First Quarter 2010 - Especie % Especie % Especie % -Stock- -Stock- -Stock- Tenaris 23.49% Aluar 3.99% Trans. de Gas del Sur 0.89% Pampa Energía 12.74% Siderar 3.89% Grupo Clarín 0.86% Grupo Financiero Galicia 8.04% Transener 3.23% Alpargatas 0.79% Petroleo Brasileiro 7.49% Banco Francés 2.62% Irsa 0.72% Banco Macro 5.30% Banco Hipotecario 1.47% Ledesma 0.70% Edenor 5.10% Comercial del Plata 1.29% Socotherm 0.59% Petrobras Energía 4.58% Mirgor 1.18% Cresud 0.51% Banco Patagonia 4.28% Molinos 1.17% Telecom Argentina 4.02% Indupa 1.08% SEGUNDO TRIMESTRE DE 2010 - Second Quarter 2010 - Especie % Especie % Especie % -Stock- -Stock- -Stock- Tenaris 24.04% Aluar 3.79% Indupa 1.00% Pampa Energía 10.20% Petrobras Energía 3.33% Alpargatas 0.73% Petroleo Brasileiro 10.09% Banco Francés 3.00% Irsa 0.70% Grupo Financiero Galicia 8.25% Transener 2.81% Cresud 0.69% Siderar 5.89% Banco Hipotecario 1.44% Ledesma 0.65% Banco Macro 4.61% Mirgor 1.40% Juan Minetti 0.54% Telecom Argentina 4.55% Comercial del Plata 1.29% Celulosa 0.53% Banco Patagonia 4.51% Molinos 1.06% Edenor 3.86% Trans. de Gas del Sur 1.03% TERCER TRIMESTRE DE 2010 - Third Quarter 2010 - Especie % Especie % Especie % -Stock- -Stock- -Stock- Tenaris 24.35% Banco Macro 3.28% Boldt Gaming 0.87% Petroleo Brasileiro 10.35% Petrobrás Energía S.A. 2.57% Indupa 0.81% Grupo Financiero Galicia 8.94% Edenor 2.34% Irsa 0.81% Siderar 8.61% Transener 1.99% Cresud 0.73% Pampa Energía 6.58% Mirgor 1.63% Ledesma 0.64% Telecom Argentina 6.39% Banco Hipotecario 1.49% Juan Minetti 0.58% Banco Patagonia 4.57% Comercial del Plata 1.33% Trans. Gas del Norte 0.54% Aluar 4.19% Molinos 1.16% Banco Francés 4.17% Trans. de Gas del Sur 1.07% CUARTO TRIMESTRE DE 2010 - Fourth Quarter 2010 - Especie % Especie % Especie % -Stock- -Stock- -Stock- Tenaris 22.56% Banco Patagonia 3.31% Boldt Gaming 0.93% Grupo Financiero Galicia 14.09% Petrobrás Argentina 2.38% Ledesma 0.86% Petroleo Brasileiro 8.67% Edenor 2.26% Trans. de Gas del Sur 0.85% Telecom Argentina 7.75% Banco Hipotecario 2.20% Trans. de Gas del Norte 0.85% Siderar 6.93% Transener 1.93% Boldt 0.74% Pampa Energía 5.15% Molinos 1.39% Indupa 0.68% Banco Francés 5.03% Mirgor 1.12% Cresud 0.66% Aluar 4.11% Irsa 1.07% Banco Macro 3.44% Comercial del Plata 1.06%.
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