Simplified Organizational Structure

November 27

Simplified Organizational Structure 8% Tarjeta Naranja 94.7% Banco de Galicia Tarjetas Regionales Retail Private Banking Wholsale Investment Banking Asset Management Brokerage Consumer Finance 6% Tarjetas Cuyanas 1% Tarjetas del Mar Grupo Financiero Galicia 87.5% Sudamericana Holding Holding of Insurance Companies (Life, Retirement and Property) 12.5% 87.5% Galicia Warrants Issuer of Deposit Certificates 12.5% 87.5% Net Investment 12.5% Tradecom (BtoB) 1% Galval Securities Trading and Custody in Uruguay

Shareholders Mix Information As of September 3, 27 % Capital % Votes EBA Holding 22,7% 59,4% Shareholders EBA 8,1% 4,2% Subtotal (1) 3,8% 63,6% Local Institutional Investors 25,3% 13,3% Foreing Institutional Investors 32,1% 16,8% Retail (approx. 7,7) 11,8% 6,3% Subtotal (2) 69,2% 36,4% Total (1) + (2) 1% 1% 3

The Argentine Financial System

Change in the Composition of the Banking System December 21 September 27 Number of Institutions Market Share Private-Sector Deposits (%) Number of Institutions Market Share Private-Sector Deposits (%) Banking Entities 86 1 68 1 Government-ow ned Banks 13 3 12 31 Private-sector Banks 73 7 56 69 - Domestic Banks 34 15 35 32 - Foreign Banks 39 55 21 37 5

Number of Institutions(* ) Top-1 Banks Deposit Market Share (%) Financial System s Concentration 225 8 2 75 175 7 15 65 125 6 1 55 75 5 5 D-91 D-92 D-93 D-94 D-95 D-96 D-97 D-98 D-99 D- D-1 D-2 D-3 D-4 D-5 D-6 S-7 45 Number of Institutions (*) Includes non-bank financial institutions. Top-1 Banks Private-Sector Deposit Market Share As of September 3, 27. 6

Post-crisis Growth in Financial Intermediation 225, Total Deposits In millions of pesos 11, Private-Sector Loans 2, Total Private Sector Deposits Public Sector Deposits 1, 175, 9, 15, 8, 125, 7, 1, 75, 6, 5, 5, 25, 4, Jun-2 Mar-3 Dec-3 Sep-4 Jun-5 Mar-6 Dec-6 Sep-7 3, Jun-2 Mar-3 Dec-3 Sep-4 Jun-5 Mar-6 Dec-6 Sep-7 As of October 31, 27. 7

Change in the Composition of Private-Sector Deposits By Currency (as a % of CA+ SA+ Time Deposits) By Type of Deposit (as a % of CA+ SA+ Time Deposits) 1 1 8 8 6 4 Pesos CER Foreign Currency 6 4 2 2 Current Account s + Saving Account s Time Deposit s (includes CER-adjust ed) Jun-1 Jun-2 Jun-3 Jun-4 Jun-5 Jun-6 Jun-7 Deposit data is not shown for the period January-March 22, because as a result of the devaluation and the pesification measures, figures are not homogeneous for that period. Jun-1 Jun-2 Jun-3 Jun-4 Jun-5 Jun-6 Jun-7 As of October 31, 27. 8

% Private-Sector Loans and Deposits Growth Y-O-Y Monthly % Change Oct. 6= 1 45 145 3 135 Loans in Pesos Deposits in Pesos Deposits in Dollars 15 125 115-15 15-3 Deposits Loans Dec-3 Jun-4 Dec-4 Jun-5 Dec-5 Jun-6 Dec-6 Jun-7 95 Oct-6 Dec-6 Feb-7 Apr-7 Jun-7 Aug-7 Oct-7 As of October 31, 27. 9

% % Interest Rates 15 Nominal Interest Rates (mont hly averages) 1 Real Interest Rates (mont hly averages) 12 5 9 6-5 3-1 Jan-4 Jan-5 Jan-6 Jan-7-15 Jan-4 Jan-5 Jan-6 Jan-7 BADLAR Private Banks (1) 3-Day Time Deposits Private Bank s 3-Day Time Deposits (1) Private Banks 3-day time deposits rate, for deposits over Ps. 1 million. As of October 31, 27. 1

Argentina s Low Financial Depth In billions of constant pesos (* ) As a % of GDP 15 13 3 25 26 24 22 Private-sector deposits as a % of GDP Loans to the Private Sector as a % of GDP 21 11 2 19 19 18 19 19 19 19 9 7 15 1 1 8 9 1 11 13 14 5 5 Private-Sector Deposits Loans to the Private Sector 3 Jan-97 Jan-99 Jan-1 Jan-3 Jan-5 Jan-7 2 21 22 23 24 25 26 27E 28E (*) Adjusted by the CPI. In millions of pesos of Oct-7. As of October 31, 27. E: Median of market forecasts published by the Argentine Central Bank, as of October 31, 27. 11

Outlook Increase in credit demand and in financial services tied to economic growth. Low level of financial depth and bancarization still low, generate substantial growth potential. Lack of long-term funding. Greater disintermediation. Increase in concentration. 12

Banco Galicia s Performance

Banco Galicia in Numbers September 27 Assets Ps.21,47 M Loans Ps.11,255 M Deposits Ps.12,464 M Equity Ps. 1,78 M GBA and Bs. As.: 135 Branches Number of: Bank Branches 232 Reg. Credit-Card Companies Offices 125 Employees 8,675 Clients 4.5 M 14

Overview One of the largest and most dynamic private-sector banks in Argentina. The largest private-sector Argentine bank. More than 1 years of experience. Strong brand name. One of the most valuable financial services franchises of the country. One of the largest and most diversified distribution platforms. Wide offering of market-leading financial products and services. State-of-the-art technology. 15

One of the Largest Banks Market share of private-sector deposits Market share of loans to the private-sector (1) % % 1 Nación 13.56 1 Sant ander Río 9.95 2 BBVA Bco Francés 9.61 2 Nación 9.68 3 Sant ander Río 9.25 3 Galicia 8.26 4 Galicia 8.25 4 Macro 8.13 5 Provincia de Buenos A ires 8.2 5 BBVA Bco Francés 7.44 6 Macro 7.79 6 Provincia de Buenos A ires 6.65 7 HSBC 5.86 7 HSBC 5.6 8 Cit ibank 5.15 8 Cit ibank 4.76 9 Ciudad 4.94 9 St andard Bank 3.82 1 Credicoop 4.41 1 Credicoop 3.53 (1) Includes financial trusts. Source: Argentine Central Bank - Superintendency of Financial and Exchange Institutions - monthly information. As of September 3, 27. 16

Peer Comparison Market Share ) of Private Sector Deposits (%) Market Share ) of Loans to the Private Sector Deposits (%) 12 12 1 1 8 8 6 6 4 4 2 2 BBVA Francés Santander Río Galicia Macro HSBC Santander Río Galicia + T.Reg. Macro BBVA Frances HSBC Credit Cards Managed (in thousands) Branches (number of) 6, 5 5, 4 4, 3 3, 2, 2 1, 1 Santander Río Macro Galicia + T.Reg. BBVA Francés HSBC Macro BBVA Francés Galicia + T.Reg. Santander Río (1) Includes financial trusts. Source: Argentine Central Bank - Superintendency of Financial and Exchange Institutions - monthly information (except for Tarjetas Regionales S.A.). HSBC As of September 3, 27. 17

Fastest Organic Growth 11 M arket Share of Private-Sector Deposits 9.5 BBVA Francés 8 Santander Río Galicia 6.5 5 3.5 Macro HSBC Citi Standard Bank 2.5 Dec- 2 Jun- 3 Dec- 3 Jun- 4 Dec- 4 Jun- 5 Dec- 5 Jun- 6 Dec- 6 Jun- 7 Source: Argentine Central Bank - Superintendency of Financial and Exchange Institutions - monthly information. As of September 3, 27. 18

% Private-Sector Time-Deposits Market Share by Segment 15 12 9 6 3 More than Ps.1 million Less than Ps.1 million Jan-3 Jul-3 Jan-4 Jul-4 Jan-5 Jul-5 Jan-6 Jul-6 Jan-7 Jul-7 Banco de Galicia y Buenos Aires S.A., only, within the Argentine financial system. Based on the daily information on deposits prepared by the Argentine Central Bank (SISCEN6). End-of-period data. As of September 3, 27. 19

Increased Lending to the Private Sector By Type of Borrower (In millions of pesos) Comparison w ith the System (Dec 2= 1) 4,8 4 4,3 Corporate Middle-Mkt Individuals 36 Financial System Banco Galicia in Argentina + RCC Cos. Banco Galicia in Argentina 3,8 32 3,3 28 2,8 24 2,3 2 1,8 16 1,3 12 8 Dec-2 Dec-3 Dec-4 Dec-5 Dec-6 8 Dec-2 Dec-3 Dec-4 Dec-5 Dec-6 CAGR %: -3.% 32.% 29.% CAGR %: 21.6% 28.7% 3.9% As of September 3, 27. 2

Breakdown of Loans to the Private Sector Individuals (Regional Credit- Card Companies) 2% Financial Sector 4% Large Corporations 19% Middle-Market Companies 22% Individuals (Bank) 23% Agribusiness 11% Consolidated Gross Loans to the Private Sector: Ps.9,949 million As of September 3, 27. 21

Loan Growth Drivers, by Type of Borrower Loans to Middle-Market ) Companies In Thousands of Pesos Loans to Agribusiness ) 2,4 1,2 1,8 47.7% 9 55.7% 1,2 6 6 3 Sep-6 Sep-7 Sep-6 Sep-7 Loans to Individuals ) (Bank) Loans to Individuals ) (Regional Credit-Card Companies) 2,8 2,4 2,1 72.6% 1,8 59.2% 1,4 1,2 7 6 Sep-6 Sep-7 Sep-6 Sep-7 22

NALs / Total loans to the private sector Loans loss reserves / NALs portfolio Asset Quality Improvement 35% 14% 3% 12% 25% 11.4% 1% 2% 8% 15% 6% 1% 4% 5% 3.87% 2% % Dec-3 Jun-4 Dec-4 Jun-5 Dec-5 Jun-6 Dec-6 Jun-7 % NALs / Total loans to the private sector Loan loss reserves / NALs portfolio Banco Galicia consolidated. As of September 3, 27. 23

Post-crisis Growth Variation (%) Number of: Sep-1 Dec-2 Sep-7 Sep-1 Dec-2 Dec-2 Sep-7 Employees 8,625 6,54 8,675 (3) 43 - Banco Galicia Unconsolidated 5,68 4,113 5,142 (28) 25 - Regional Credit-Card Companies 2,945 1,941 3,533 (34) 82 and Other Subsidiaries Bank Branches in Argentina 389 229 232 (41) 1 Regional Credit-Card 16 87 125 (18) 44 Companies Branches Deposit Accounts (1) 1,239 1,63 1,326 (14) 25 Credit Cards (1) 1,891 1,596 5,51 (16) 216 - Banco Galicia (1) 678 498 1,47 (27) 11 - Regional Credit-Card Companies 1,213 1,98 4,4 (9) 265 (Visa and Local Brands) (1) Debit Cards (1) 958 81 1,18 (16) 27 Client Base (1) 2,84 2,13 4,45 (29) 11 (1) In thousands 24

Productivity Increase 2,7 Deposits in Argentina ) / Bank Employees In Thousands of Pesos 1,2 Loans to the Private ) Sector / Total Employees 2,4 2,1 1,8 1,5 1,1 1, 9 8 7 1,2 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Sep-7 6 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Sep-7 6 Credit Cards ) / Total Employees Number 48 Client Base ) / Total Employees 54 46 48 44 42 42 36 4 3 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Sep-7 38 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Sep-7 As of September 3, 27. 25

Foreign Debt Restructuring and Capital Generation Restructured Debt In millions of dollars NY Branch Galicia Uruguay / Head Office and Total Galicia Cayman Ltd. Cayman Branch Jul-2 Dec-2 / Jul-3 May-4 Original Debt Amount 328 1,136 1,476 2,94 Original Average Life New Debt (years) 4.1 4.4 8.1 6.2 Debt Reduction after Restructuring 328 1,4 436 1,84 Debt Amount (1) 96 1,4 1,136 (2) Capital Generation Associated to the Debt Restructuring In millions of dollars Total Tier 1 135 Tier 2 23 Total 365 (3) (1) Only principal, as of September 3, 27. (2) US$ 53 million correspond to the exchange of restructured liabilities for Boden 212. (3) Includes US$ 43 million from Grupo Galicia s debt forgiveness. 26

External Debt Reduction in 27 YTD (only principal, in millions of dollars) Nov-7 (* ) Variation Negotiable Obligations, due 27 - (38.6) Loans and Negotiable Obligations due 21 178.1 (1) (171.7) Loans and Negotiable Obligations due 214 336.8 (2) (311.7) (4) (5) (6) Loans and Negotiable Obligations due 219 273.4 (3) 13.2 (7) BGU 95.9 (21.3) (8) TOTAL 884.2 (53.1) (1) Negotiable Obligations due 21: US$ 175.5 million. (2) Negotiable Obligations due 214: US$ 32.1 million. (3) Negotiable Obligations due 219: US$ 259.4 million. (4) Payment of last principal installment due in Aug-7. (5) Payment of 12.5% principal installments in Jan and Jul-7; repurchase of loans for FV US$ 36.8 million in Feb-7; partial cancellations for FV US$ 72.1 in Oct and Nov-7. (6) Repurchase of loans for FV US$ 146.8 million in Feb-7; subscription of shares paid in negotable obligations by GFG for FV US$ 12.2 million in Aug-7; prepayment of foreign debt associated to the subscription of shares paid in cash for FV US$ 25. million in Aug-7; partial cancellation for FV US$ 4.3 million in Sep-7. (7) Interest paid in kind, in Jan and Jul-7, equal to 2.5% each. (8) Payment of restructuring agreement installment in Sep-7. As of November 14, 27. 27

Exces of Regulatory Capital as a % of Minimum Requirement Excess Regulatory Capital 2 15 Minimum Requirement Regulatory Capital Excess Capital Ps. 1,319 million Ps. 2,311 million Ps. 992 million 1 75% 5 Jun-96 Jun-98 Jun- Dec-1 Jun-4 Dec-4 Jun-5 Dec-5 Jun-6 Dec-6 Jun-7 Banco Galicia consolidated. Capital adequacy requirements were suspended between January 22 and December 23. As of September 3, 27. 28

Balance Sheet Selected Data O P E R A T I O N A L R E S I D U A L Assets Liabilities Assets Liabilities Absolute Dec-5 Sep-7 Variation Liquidity 1,758 3,647 1,889 Exposure to the Private Sector (1) 5,46 1,152 4,746 Other 2,75 1,88 (267) TOTAL 9,239 15,67 6,368 Deposits 7,96 12,426 4,466 Other 2,25 3,964 1,939 TOTAL 9,985 16,39 6,45 Exposure to the Public Sector 15,869 5,593 (1,276) -BODEN 5,143 2,723 (2,42) -Secured Loans 5,188 1,199 (3,989) -Bogar 3,823 - (3,823) -Discount Bonds 733 78 (25) -Other 982 963 (19) Amparo Claims 348 27 (78) TOTAL 16,217 5,863 (1,354) Argentine Central Bank 8,612 - (8,612) Foreign Debt 4,582 2,816 (1,766) Other 888 556 (332) TOTAL 14,82 3,372 (1,71) Operational Bank Assets / Total Assets 36.3% 72.7% (1) Does not include Securitized Loans. As of December 25: Bank: Ps.296 million, Regional Credit Card Companies: Ps. 179 million. As of September 27: Bank: Ps.5 million; Regional Credit Card Companies: Ps.334 million. 29

Strengthening of Balance Sheet 7 Assets (Main Items, % of Total Assets) 7 Liabilities (Main Items, % of Total Liabilities and Shareholders' Equity) 6 6 5 5 4 4 3 3 2 2 1 1 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Jun-7 Sep-7 Total Liquid Assets Government Securit ies (1) and Public Sect or Loans Private Sector Loans Net of Provisions Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Jun-7 Sep-7 Total Deposits Debt w ith Argentine Central Bank Neg. Obligs. and Debt w ith Intl. Banks and Entities Shareholders' Equity (1) Net position (excludes Lebac). As of September 3, 27. 3

Consolidated Income Statement First 9 months Absolute (In millions of pesos) FY6 FY7 Variation Net Financial Income (1) 33.9 575.7 244.8 Net Charge for Loan Losses (65.3) (19.4) (44.1) Provisions for Loan Losses (84.6) (159.) (74.4) Bad Debts Recovered 19.3 49.6 3.3 Net Income from Services 476.1 673.4 197.3 Administrative Expenses (671.8) (891.1) (219.3) Net Operating Income 69.9 248.6 178.7 Net Other Income / (Losses) (9.7) (45.7) (36.) Provisions Reversed 31.1 3. (28.1) Income Tax (44.1) (58.8) (14.7) Adjusted Net Income 47.2 147.1 99.9 Loss/(Gain) from Valuation of Public Sector Assets (Comm. " A" 3911) (64.5) (59.4) 5.1 Amortization of " Amparo Claims" - (18.7) (18.7) Net Income / (Loss) (17.3) (21.) (3.7) (1) Excludes losses from valuation of public sector assets in accordance w ith Comm. " A" 3911 and includes income from security margins of repo transactions 31

% Summary of Post-crisis Performance Residual Bank Assets as a % of Total Assets 7 68.7% 1 Net Operating Revenues (1) 65 6 55 9 8 5 7 45 6 4 35 5 3 27.3% 4 25 Dec-4 Jun-5 Dec-5 Jun-6 Dec-6 Jun-7 3 2H 24 1H 25 2H 25 1H 26 2H 26 1H 27 3Q 27(* ) As of September 3, 27. (1) Net Financial Income (adjusted) + Net Income from Services, in millions of pesos. (*) X 2. Banco Galicia consolidated. 32