By letter dated  November 11, 2015 the Company reported that in compliance with the regulations in force, please regard the following information for the three-month periods ended September 30, 2015 and 2014 as duly received:

In compliance with Section o) of the referred Regulations, we report that as of the closing date of the financial statements, the Company’s capital stock was ARS 578,676,460 (including treasury shares) divided into 578,676,460 common, registered, non-endorsable shares of ARS 1 par value each and entitled to one vote per share.

The Company’s principal shareholder is Cresud S.A.C.I.F. y A. (Cresud) with 372,112,411 shares, accounting for 64.3% of the issued capital stock.

In addition, we report that as of September 30, 2015, after deducting Cresud’s interest and the treasury shares, the remaining shareholders held 202,823,480 common, registered, non-endorsable shares of ARS 1 par value each and entitled to one vote per share, accounting for 35.0% of the issued capital stock.

As of September 30, 2015 no warrants or convertible notes for the purchase of the Company’s stock were outstanding.

Below are the highlights for the period ended September 30, 2015:

Ø  Net loss for the first quarter of fiscal year 2016 was ARS 316.0 million compared to income for ARS 135.9 million in the same period of 2015, mainly due to the change in the valuation method applied with respect to our investment in IDB Development Corporation. 

Ø  Revenues from sales, leases and services grew 21.2% as compared to the first quarter of 2015, whereas EBITDA rose 14.0%, reaching ARS 778.6 million.

Ø  Tenant sales in our shopping centers rose 44.5% during the quarter (36.3% considering the same shopping centers) and portfolio occupancy was 98.9%.

Ø  During this quarter we sold investment properties for ARS 424.9 million. After period-end, we sold 2 office floors in Maipu 1300 building, located in the City of Buenos Aires, for USD 3.0 million.