BANCO DE GALICIA Y BUENOS AIRES S.A.

BANCO DE GALICIA Y BUENOS AIRES S.A.

Banco de Galicia y Buenos Aires S.A. (the “Bank”) is a “sociedad anónima”
incorporated under the law of Argentina.
U.S.$352,838,846.00 of U.S. Dollar-Denominated Floating Rate Notes due 2010
(the “notes due 2010”)
U.S.$470,648,125.00 of U.S. Dollar-Denominated Notes due 2014
(the “notes due 2014”)
U.S.$220,284,471.00 of U.S. Dollar-Denominated Subordinated Notes due 2019
(the “notes due 2019”)
(collectively, the “notes”)
You




Notes due 2019 Interest on the notes due 2019 payable in cash will accrue at a fixed rate
of 6% per annum beginning January 1, 2004 through but not including
January 1, 2014 and, unless previously redeemed, will increase to 11%
per annum beginning January 1, 2014 through but not including January
1, 2019. Interest on the principal amount paid in the form of capitalized
interest will accrue at a fixed rate of 5% per annum beginning on January
1, 2004 and be payable in full in cash on January 1, 2014 and January 1,
2019.