The Company released a material fact to notify a transaction between related parties.
On May 10, 2021, the Company's Board of Directors has ratified and approved the extension for a period of 365 days of the loan contract signed between Dolphin Netherlands BV, an indirect subsidiary of IRSA, to the company YAD LEVIIM LTD. controlled by Mr. Eduardo Sergio Elsztain, maintaining the remaining conditions thereof. We recall that Dolphin Netherlands BV granted on October 23, 2020 said loan for USD 16,250,000 (US dollars sixteen million two hundred and fifty thousand) for a term of 60 days, renewing upon maturity for an additional term of 90 days at a nominal annual rate of 5%.
The Audit Committee had no objections towards this transaction and the statement is available to all the Shareholders at the Company´s headquarters.