Buenos Aires, July 2, 2014
Messrs.
ARGENTINE SECURITIES COMMISSION

Re.:Relevant Fact. Acceptance of resignation submitted by regular director and election of new director

Dear Sirs,
We are pleased to address you pursuant to regulations in force in order to inform that the Board of Directors, in its meeting dated June 30, 2014, resolved to accept the resignation submitted by Mr. Osvaldo Luis Dadone to the position of regular director, representing shareholders of Class B common shares. The Board also decided that the alternate director, Mr. Admilson Monteiro Garcia, shall perform the duties of regular director, in substitution of the resigning director, until the end of the relevant term.
We would like to inform, besides, that Mr. Admilson Monteiro Garcia was elected as Alternate Director by the Regular Shareholders' Meeting held on April 24, 2014, and may take office immediately, since, considering his continuity in the position, the Argentine Central Bank already authorized Mr. Monteiro Garcia to perform as Director in this Entity through Resolution No. 258, dated 12/15/11.
A letter with the same contents hereof has also been submitted today to the Buenos Aires Stock Exchange and the Electronic Over-the-Counter Market.
Yours very truly,

Guillermo F. Pedró
Head of Market Relations
BANCO PATAGONIA S.A.

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