Central Puerto Announces the Approval of the Commercial Operation as Combined Cycle of Central Térmica Vuelta de Obligado (779 MW)

BUENOS AIRES, Argentina–(BUSINESS WIRE)–Central Puerto S.A. (“Central Puerto”) (NYSE: CEPU), the largest private
sector power generation company in Argentina, as measured by generated
power, announced the approval of the Commercial Operation as a combined
cycle of Central Térmica Vuelta de Obligado with an installed capacity
of 779 MW (net power), starting on March 20, 2018 at 0:00 hs.
(the “Commercial Approval”).

As a consequence of the Commercial Approval and pursuant to the
“Agreement for Project Management and Operation, Increase of Thermal
Generation Availability and Adaptation of Remuneration for Generation
2008-2011”, Central Puerto will be entitled to collect receivables from
CAMMESA for a total estimated amount of US$ 553 million
(including VAT), which will be collected in 120 monthly, equal,
consecutive installments, accruing a 30-day LIBOR plus 5.00% interest.
We estimate that this transaction will result in a gain, before income
tax, of approximately Ps. 8,113 million. These amounts are
subject to changes and revisions.

The gain referred to in the previous paragraph will be determined and
included in the financial statements for the three-month period ending
on March 31, 2018. Such financial statements will be subject to the
procedures of limited review of Central Puerto’s independent certified
public accountant.

Contacts

Central Puerto S.A.
Tomás Daghlian
Investor Relations Officer,
+54 11 4317-5000 ext. 2192
or
Investor Relations Team:
[email protected]