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Investor Relations Edenor S.A. Disclaimer


This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Empresa Distribuidora y Comercializadora Norte (Edenor) S.A. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure Empresa Distribuidora y Comercializadora Norte (Edenor) S.A. to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Empresa Distribuidora y Comercializadora Norte (Edenor) S.A. and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) general inflation rates not reflected at the company’s tariff regime adjustment, b) price fluctuations in natural gas and its linked energy generation market prices; (c) changes in the regulatory framework; (c) currency fluctuations; (d) drilling and production results; (e) financial reserve estimates; (f) loss of administrative public service’s concession; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in a developing country subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from a, b, c & f related events; (k) economic and financial market conditions in the region; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions, including dividends expatriation policies. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this document. Neither Dolphin Energy S.A., nor EASA, nor any of its subsidiaries and related corporations undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.


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