As requested by the Court, on behalf of the Republ ic, I con finn that the Republic has complied, is complying, and will comply with the tenns of the March 5 Stay Order as SCI forth above in paragraph 3.

Hier erklären die Argys sich an die Direktiven von Judge Griesa halte.....(In Sachen pari passu, pro rata und Einschränkungen der Zahlungsweisen insbesondere in Bezug auf die BoNY Mellen



DECLARATION OF FRA  CISCO G UILLERMO EGGERS

Pursuant to 28 U.S.C. § 1746, Francisco Guillermo Eggers declares as follows:

1.  I am the National Director of the  ationa!  Bureau of Public Credit of the
Ministry of Economy and Public  Finance of the Republic of Argentina (the "Republic").

2.  I am familia r with the facts of th is case and submit this declaration on
behalf of the Republic and in  support of the Memorandum of the Republic in  Response to
Plaintiffs' Briero" Remand.

3.  During the November 9, 2012 conference before the Court, the Court read
the following provision o f the Order dated March 5, 2012 (the "March 5 Stay Order'') into the
record:

 "[1]0 secure Plaintiffs' rights during the pendency of the Republic's appeals of the
February 23, 2012 Orders to the Second Circuit, it  is ordered that the Republic shall  not during
the pendency of the appeal to the Second Circuit take any action to evade the directi ves of the
February 23, 2012 Orders in the event they are affinned, render them ineffective  in the event
they are amnned, or diminish the Court's ability to supervise compliance with the February 23,
2012 Orders in the event they are affinned, inc luding without limitation, a ltering or amending
the processes or specific transfer mechanisms by which it makes payments on the Exchange
Bonds, without prior approval of the Court" (March 5 Stay Orde r  2).

4.  As requested by the Court, on behalf of the Republ ic, I con finn that the 
Republic has complied, is complying, and will comply with the tenns of the March 5 Stay Order 
as SCI forth above in  paragraph 3. 

Case 1:08-cv-06978-TPG   Document 400    Filed 11/16/12   Page 3 of 4I dec lare under penalty of perjury under the laws of the United States that the
foregoing is true and correct.
Executed on November 16,2012, in Buenos Aires
o Gui11enno Eggers