LOMA Loma Negra Compania Industrial Argentina Socieded Anonima

City of Buenos Aires, October 1, 2020

Messrs.

Comisión Nacional de Valores (CNV)

Messrs.

Bolsas y Mercados Argentinos S.A. (BYMA)

Ref.: Ordinary Shareholders’ Meeting held on September 30, 2020 - Summary

Dear Sirs,

 

In compliance with section 4, Chapter II, Title II of the CNV Rules and section 79 of the Listed Rules of BYMA, below you will find a summary of the resolutions approved by the Ordinary Shareholders’ Meeting of Loma Negra C.I.A.S.A. held on September 30, 2020.

 

As already informed and due to the extension of the lockdown (“social, preventive and mandatory isolation”) pursuant to Executive Order No. 297 (and its extensions) issued by the Argentine Government, the meeting was held remotely, in compliance with section 61 of the Argentine Capital Markets Law No. 26.831, General Resolution N°830/2020 of the CNV and section 18 of the company’s bylaws.

 

Accountant Eduardo Kupfer, in representation of the Buenos Aires Stock Exchange, attended the meeting.

 

1°) Appointment of the persons in charge of subscribing the minute.

 

With a majority of votes, it was resolved that the minutes of the meeting would be prepared and signed, together with the Company's Vice-Chairman, by the representative of the shareholder Intercement Trading e Inversiones S.A and by the representative of the Branch of Citibank N.A. in the Argentine Republic.

 

2°) Consideration of the use of all the funds in the Reserve for Future Dividends and part of the funds in the Optional Reserve, in both cases, for the payment of dividends up to ARS 2,400,000,000. Determination of the terms and conditions of the dividend payment, including, without limitation, the currency of payment.

 

With a majority of votes,  it was approved to pay dividends for a total amount of ARS 2,400,000,000 equivalent to ARS 4.026666667114074 per outstanding share (ARS 20.13333333557037 per ADS) and to allocate all of the funds in the Reserve for Future Dividends and part of the funds in the Optional Reserve to the payment of the dividends.

 

Also, the following general terms of payment of dividends were approved (i) as a general rule, the Shareholders will receive the payment of dividends in Argentine Pesos thorough Caja de Valores S.A.; (ii) to grant to the Shareholders the option to receive the payment of their portion of the dividends in equivalent amounts of US Dollars resulting from the conversion of the proportional amounts of dividends in Argentine Pesos into US Dollars pursuant to the Reference Exchange Rate of the Central Bank of the Argentine Republic - Communication “A” 3500  applicable at the close of business on the trading day immediately preceding the Payment Date (as defined below) and receive the payment in US Dollars through Caja de Valores S.A., either into a local or a foreign bank account; and (iii)  the dividend payment will be made available to the Shareholders as from October 14, 2020 (the “Payment Date”). Finally, the Shareholders Meeting granted powers to the Board of Directors to determine the other terms and conditions for the payment of the dividends and the payment options, make clarifications and/or modifications and/or complement the payment procedure, always within the general terms and conditions approved by the Shareholders Meeting and the applicable legal framework.

 

Marcos I. Gradin

Investor Relations Officer

LOMA NEGRA C.I.A.S.A.