BNY MELLON
Notice to Holders
of
The Republic of Argentina Debt Securities
Issued in 2005 and 2010
CUSIP Nos.: 040114GL8, 040114GM6, 040114GK0
ISIN Nos.: XS0501195480, XS0501194756, XS0501195050, XS0501195134,
XS0501195308, XS0501197262, XS0209139244, XS0501195647, XS0501195720,
XS0501195993, XS0501196025, XS025545840, XS0205537581
This notice contains important information that is of interest to the registered and beneficial owners of the
subject Notes. Each registered holder of the Notes shouldforward a copy o f this Notice immediately to any
beneficial owners(s) of the Notes for whom the holder acts as nominee or in any other capacity.
September 9, 2013
The Bank of New York Mellon (the “Trustee”) is indenture trustee under the
Indenture (the “Indenture”), dated as of June 2, 2005 and supplemented as of April 30,
2010, between The Republic of Argentina (the “Republic”) and The Bank of New York
(n/k/a The Bank of New York Mellon), pursuant to which the Republic issued certain
Debt Securities (the “Exchange Bonds”). This notice updates the litigation status report
set forth in earlier Notices to Holders. Except as otherwise expressly provided, all terms
used in this Notice which are defined in the Indenture have the meanings assigned to
them in the indenture. 1
The Trustee previously reported that on October 26, 2012 the United States Court
of Appeals for the Second Circuit issued an opinion affirming in part and remanding in
part the issuance of injunctions enjoining the Republic from making payments of
principal or interest on the Exchange Bonds unless the Republic made ratable payments
to certain holders of non-exchanged securities. See NML Capital, Ltd. v. Republic o f
Argentina, 2012 WL 5275014 (2d Cir. Oct. 26, 2012). On November 21, 2012, the
United States District Court for the Southern District of New York issued amended
injunctions that addressed the issues raised by the Court of Appeals (the “Amended
Injunctions”). The Amended injunctions continued to enjoin the Republic from making
debt service payments on the Exchange Bonds unless the Republic makes ratable
payments to certain holders of non-exehanged securities, and further prohibited certain
I'he CIJSIP and the ISIN numbers appearing herein have been included solely for the convenience
of the holders of the Kxchange Bonds. The Hank of New York Mellon assumes no responsibility
for the selection or use of such CIJSIP or ISIN numbers and makes no representation as to the
correctness of the CUSIP or ISIN numbers listed above or printed on the Exchange Bonds.
non-parties involved in the debt service payment process—including the Trustee, the
registered owners of the Exchange Bonds, and the clearing corporations—from
processing the Republic’s payments of debt service on the Exchange Bonds unless the
Republic complied with the Court’s Injunctions. On November 28, 2012, the Court of
Appeals issued an Order staying the Amended Injunctions and setting an expedited
schedule for the appeal from these Injunctions.
On August 23, 2013, the Court of Appeals issued an opinion affirming the
Amended Injunctions. See NML Capital, Ltd. v. Republic o f Argentina, 2013 WL
4487563 (2d Cir. Aug. 23, 2013). The Court of Appeals further provided: “Enforcement
of the amended injunctions shall be stayed pending the resolution by the Supreme Court
of a timely petition for a writ of c e r t i o r a r iPending further order of the Court of
Appeals or the Supreme Court, the Trustee expects that debt service payments will be
made in the ordinary course.
Questions concerning this Notice may be directed to the Trustee by e-mail at
dagus@bnymellon.com.
Holders should not rely on the Trustee as their sole source of information. The
Trustee makes no recommendations and gives no investment or legal advice as to the
above matters. Holders should consult their own professionals with regard to the
Exchange Bonds and the litigation referenced herein. The Trustee reserves all rights,
remedies, and immunities under the Indenture, at law, or in equity.
The Bank of New York Mellon, as Indenture Trustee
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