Empresa Distribuidora Y Comercializadora Norte S.A.

Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Aidenor's fourth quarter 2020 results conference call. We would like to inform you that this event is being recorded, and all participants will be in listen-only mode during the presentation. After the company's remarks are completed, there will be a question and answer session. At that time, further instructions will be given. Should any participant need assistance during this call, please press star zero to reach the operator. Before proceeding, let me mention that forward-looking statements are based on the beliefs and assumptions of Adenor's management and on information currently available to the company. They involve risks, uncertainties, and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions, and other operating factors could also affect the future results of Adenor and could cause results to differ materially from those expressed in such forward-looking statements. Now, I'll turn the conference over to Mr. Leandro Montero, CFO of Adenor. Mr. Montero, you may begin your conference.

Thank you very much. Good afternoon, everyone, and welcome to Evelor's Ehrling Conference Call for the fourth quarter 2020. I truly hope that you and your family are safe and healthy during this strange time, and we really expect the vaccination process will be successful. As we usually do, first, we will focus on the main events that recently took place, and then briefly review the results of the quarter. As you know, you can always call any member of our team for more details on the response of the period or any doubts you might have. I'd like to first acknowledge the extraordinary efforts our staff has made during this special 2020 to continue giving service to users while maintaining high quality and security standards, given the unique circumstances we face and we are still facing with the COVID-19 outbreak. With that said, we will focus on the relevant events that have taken place lately. First, on December 28, last year, the controlling company Pampa Energía, holder of 100% of Edenor's Class A shares representing 51% of its capital stock, acting as a seller, entered into a share purchase agreement with Empresa de Energía del Cono Sur. The grid-priced price consists of almost 22 million classic shares of Edenor, a pricing cash of $95 million, and a consistent payment for 50% of the generated gain in case of change of controlling the value of Edenor during the first year after the closing of the transaction, or as long as the price balance is pending settlement. The closing date is subject to the fulfillment of the present conditions, which are the sales approval by Pampa Energía and the regulatory agency, the AMRE, and the payment of the second installment of $15 million. In this respect, on February 17th this year, Pampa Energía's shareholders meeting approved the transaction. And as of today, the approval procedure by the regulatory agency is still in progress. Furthermore, at EDENOR, Pardon me, ladies and gentlemen.

There seems to be a problem with the speaker line at the speaker's end. We'll be rejoining them very shortly. Thank you.