BANCO PATAGONIA S.A. MINUTES OF THE REGULAR SHAREHOLDERS' MEETING HELD ON 10/24/2013

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1 BANCO PATAGONIA S.A. MINUTES OF THE REGULAR SHAREHOLDERS' MEETING HELD ON 10/24/2013 The Regular Shareholders' Meeting of Banco Patagonia S.A. (the "Company") was held at the Bank's main office located at Teniente General Juan D. Perón 500, City of Buenos Aires, on October 24, 2013, with the presence of the shareholders that appear on pages 22 to 23 of the Stock Ledger and Attendance Book No. 5, certified under No on January 26, The chairperson was Mr. Jorge Guillermo Stuart Milne, in his capacity as President of the Board of Directors, who at p.m. called the meeting to order and thanked the attendance of the Shareholders, Directors, Members of the Statutory Audit Committee, officers from the Bank's various areas, the external auditors' representative, and of representatives from the Buenos Aires Stock Exchange, and from the Argentine Securities Commission (CNV). Next, the President appointed Mr. Marcelo Iadarola, a Bank officer, as Secretary, and directed Mr. Iadarola to read the call to meeting, attendance data and to keep the record of the Meeting. Next, the Secretary informed that the Call to Meeting had been approved at the Board of Directors' meeting held on September 23, 2013, and published at the Official Gazette on September 26, 27 and 30, and October 01 and 02, and at La Nación newspaper on September 26-30, Pursuant to the Companies Act, section 221, paragraph 2, it was stated that the 119,500 Company's Class "B" treasury shares were not considered for determination of a quorum; those shares were purchased under the stock repurchase program approved by the Board of Directors in their meeting held on March 26, 2012; said program was extended at the Board meeting held on September 25, 2012, and expired on March 22, Therefore, outstanding shares and votes were 719,145,237 in number. Seven shareholders were present by proxy, holding 711,046,110 book-entry shares, of which 22,768,818 were Class "A" shares, and 688,277,292 were Class "B" shares. Both classes entitle their holders to 1 vote per share, and have a face value of ARS 1 each, i.e., 100% of Class "A" capital and votes, plus 98.84% of Class "B" outstanding capital and votes, was present, representing a total of 98.86% of the Company's outstanding capital and votes as of the date of closing of the ledger, i.e., October 18, Pursuant to the CNV Regulations (2013 revised text), Title II, Chapter II, section 10 and related provisions, it was informed that Mrs. María Magdalena Cura Olivera, on behalf of Banco Itaú S.A., depository of the Brazilian Deposit Certificates (BDRs), handed the instructions received for the casting of the relevant votes and requested that said instructions be taken into account at the time of counting the votes It was also informed that the above-mentioned shareholder submitted a certificate issued by Caja de Valores S.A. entitling it to cast a dissenting vote.

2 Finally, the Shareholders were informed that, in accordance with section 7, Chapter II, Title II of the CNV Regulations, revised as of 2013, the resolutions on each item in the Agenda will be adopted by the favorable vote of an absolute majority of shares with voting rights that are present at the Meeting, and that abstentions and shares the holders of which are under a legal prohibition to vote will be excluded from vote counting. Therefore, the publications required by legal provisions and the Bylaws having been made, and there being a quorum present, the Secretary declared the Regular Shareholders' Meeting in first call opened at p.m. Next, the President presented the items in the Agenda to be considered by the Shareholders: 1) Appointment of two shareholders to sign the Minutes. 2) Appointment of one Regular Director to fill the position held by Mr. Claudemir Andreo Alledo, and appointment of the latter as Alternate Director. 3) Assessment of Mr. Claudemir Andreo Alledo's performance. 4) Authorizations to comply with the resolutions adopted by the Meeting. As regards the procedure to be applied at the Meeting, it was explained that the items in the Agenda would be presented to the Shareholders in order and that voting would then proceed on each of them. 1.º) ITEM ONE IN THE AGENDA: APPOINTMENT OF TWO SHAREHOLDERS TO SIGN THE MINUTES. Shareholder Emilio Carlos González Moreno, through his proxy, proposed that the representative of the Province of Rio Negro be appointed to sign the Minutes on behalf of Class "A" shares, and that the representative of Banco do Brasil S.A. be appointed on behalf of Class "B" shares for the same purpose. Next, it was proposed that the ANSES representative be invited to also sign the minutes, just as it occurred at the previous Shareholders' Meeting. Upon motion made and unanimously seconded, the proposal was approved as presented. 2.º) ITEM TWO IN THE AGENDA: APPOINTMENT OF ONE REGULAR DIRECTOR TO FILL THE POSITION HELD BY MR. CLAUDEMIR ANDREO ALLEDO, AND APPOINTMENT OF THE LATTER AS ALTERNATE DIRECTOR. Banco do Brasil S.A., through its proxy, proposed to appoint Mr. Rubén Miguel Iparraguirre as Regular Director for class "B" shares, to substitute Mr. Claudemir Andreo Alledo, and that the latter be appointed as Alternate Director, considering that Mr. Alledo will perform other duties in companies within the controlling group.

3 For the record, it was mentioned that in accordance with BCRA regulations, the above-mentioned candidates were not affected by any of the disqualification grounds established in Law 21,526, section 10, and it was requested that said section be considered as read; the above-mentioned candidates also had none of the impediments mentioned in section 9 of the Company's Bylaws. It was also reminded that in accordance with the provisions of item 5.2, section 5, chapter I of BCRA Circular Letter CREFI-2, Mr. Rubén Miguel Iparraguirre may not take office until the Company is notified of the BCRA's favorable resolution; Mr. Claudemir Andreo Alledo, however, may take office as Alternate Director, since a new authorization from the BCRA is not necessary as Mr. Alledo continues as Director in the Company. Pursuant to the provisions of section 4, Article III, Chapter I, Title XII of the CNV Regulations, as revised in 2013, it was informed that as of the date of the Meeting Messrs. Rubén Miguel Iparraguirre and Claudemir Andreo Alledo were non-independent directors. It was also informed that Mr. Rubén Miguel Iparraguirre currently receives compensation for his position as the Company's Superintendent of Finance, Administration and Public Sector. Upon motion duly made, the proposal put forward by the representative of shareholder Banco do Brasil S.A. was approved by unanimous vote, 109,976,022 shares having been subtracted from vote counting. Therefore, the Board of Directors is composed of the following members until the Shareholders' Meeting that is to consider the Financial Statements as of December 31, 2013: For Class A Shares: o Jaime Osvaldo Tasat For Class B Shares: o Jorge Guillermo Stuart Milne o João Carlos de Nóbrega Pecego o Aldemir Bendine o Paulo Rogério Caffarelli o Renato Luiz Belineti Naegele o Rubén Miguel Iparraguirre o Carlos Alberto Giovanelli o Osvaldo Dadone o Admilson Monteiro Garcia ad referendum of approval by BCRA (Independent Regular Director) (Independent Regular Director) ad referendum of approval by BCRA (Non-independent Alternate Director)

4 o Claudemir Andreo Alledo (Non-independent Alternate Director) 3º) ITEM THREE IN THE AGENDA: ASSESSMENT OF MR. CLAUDEMIR ANDREO ALLEDO'S PERFORMANCE. Next, shareholder Banco do Brasil S.A., through its proxy, proposed that consideration of Mr. Claudemir Andreo Alledo's performance be postponed until the Annual Shareholders' Meeting that is to consider the Financial Statements as of December 31, 2013, together with assessment of the remaining Directors' performance. Upon motion duly made, the proposal was approved by unanimous vote, 109,976,022 shares having been subtracted from vote counting. 4.º) ITEM FOUR IN THE AGENDA: AUTHORIZATIONS TO COMPLY WITH THE RESOLUTIONS ADOPTED BY THE MEETING Shareholder Emilio Carlos González Moreno, through his proxy, proposed that the Company's legal representatives be authorized to execute as a public deed the resolutions adopted by the Shareholders' Meeting, and that Messrs. Emilio Merovich, Guillermo Fabio Pedró, Laura Eugenia Varela, Laura Mercedes Cristina, María Patricia Miravé, Federico Daniel Musi, Matías Grinberg and Francisco José Lagger be further authorized so that any one of them may take any necessary steps to approve and file the resolutions adopted by this Meeting. Upon motion duly made, the proposal was approved by unanimous vote, 109,976,022 shares having been subtracted from vote counting. Next, the Secretary stated that all the items in the agenda had been considered and, therefore, the Meeting was adjourned at p.m.

5 Pursuant to the provisions of Title II, Chapter VIII, section 23 of the CNV regulations (2013 revised text), the votes cast by Banco Itaú S.A., as depositary of BDRs, on each item are detailed below: Item Abstentions In favor Against 1 15,460, ,460, ,460, ,460,400 For Class "A", on behalf of shareholder Province of Rio Negro For Class "B", on behalf of shareholder Banco do Brasil S.A. On behalf of shareholder ANSES Jorge Guillermo Stuart Milne President Mónica María Cukar Regular Statutory Auditor

Book: Share Deposit Book and Record of Shareholders Meeting Attendance Book Number: 6 Consisting of 0250 pages Remarks: No remarks

Book: Share Deposit Book and Record of Shareholders Meeting Attendance Book Number: 6 Consisting of 0250 pages Remarks: No remarks SUPERINTENDENCE OF COMPANIES (INSPECCIÓN GENERAL DE JUSTICIA) EXECUTIVE ORDER No. 754/95 LAW No. 23,412 ASSOCIATION OF NOTARIES PUBLIC IN AND FOR THE CITY OF BUENOS AIRES L 001527615 Official Certification