Martin Arancet

- Central Puerto S.A. (CEPU) announced the details of its **Split-off-merger** with ECOGAS Inversiones S.A. (ECOGAS), which is scheduled to take place on **October 1, 2025**.  **[1717161_0001292814-25-003350_cepu20250922_6k.htm:1]** 
- As part of the reorganization, ECOGAS will receive **$305,000,000 in cash** and various shares from CEPU, including shares in Energ\u00eda Sudamericana S.A. and Distribuidora de Gas del Centro S.A..  **[1717161_0001292814-25-003350_cepu20250922_6k.htm:1]** 
- **80,973,264 new Class "D" shares of ECOGAS** will be issued and distributed to CEPU shareholders at a ratio of **one ECOGAS Class "D" share for every 18.6694 CEPU shares** held as of the **September 26, 2025 Record Date**.  **[1717161_0001292814-25-003350_cepu20250922_6k.htm:1]** 
- ECOGAS is in the process of creating a **Global Depositary Receipts (GDR) Program** to allow eligible CEPU ADR holders to receive securities representing the new ECOGAS shares abroad.  **[1717161_0001292814-25-003350_cepu20250922_6k.htm:1]** 
- Following the cancellation of Class "A" shares and issuance of Class "D" shares, the new share capital of ECOGAS will be **$250,217,264**.  **[1717161_0001292814-25-003350_cepu20250922_6k.htm:2]**

Central Puerto S.A. Details ECOGAS Split-Off-Merger and Share Distribution

- Central Puerto S.A. (CEPU) has received administrative approval for its **spin-off-merger with ECOGAS Inversiones S.A.**, with authorization from the National Securities Commission (CNV) granted on **September 10, 2025**.  **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:0]** 
- The **Effective Date of Corporate Reorganization** is set for **October 1, 2025**, and the **Registration Date** for share distribution is **September 26, 2025**.  **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:0]** **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:1]** 
- As part of the reorganization, CEPU shareholders will receive **one Class "D" share of ECOGAS for every 18.6694 shares held in CEPU**.  **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:1]** 
- ECOGAS will issue **80,973,264 new Class "D" shares**, resulting in a new capital stock of **$250,217,264**.  **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:1]** **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:2]** 
- ECOGAS is establishing a **Global Depositary Receipts (GDR) program** to allow CEPU ADR holders to receive securities representing the new ECOGAS shares abroad.  **[1717161_0001292814-25-003272_cepu20250910_6k1.htm:1]**

CENTRAL PUERTO (CEPU)