By notice to the holders of the 11.500% Notes due 2020, Series No. 2 (the “2020 Notes”), IRSA Inversiones y Representaciones Sociedad Anónima (the “Company”) reported that it has entered into a First Supplemental Indenture, dated as of March 28, 2016 (the “2020 Notes Supplemental Indenture”), to the Indenture, dated as of July 20, 2010, among the Company, as issuer, The Bank of New York Mellon, as Trustee (the “Trustee”), Co-Registrar, Principal Paying Agent and Transfer Agent, and Banco Santander Río S.A., as Registrar, Paying Agent, Transfer Agent and Representative of the Trustee in Argentina (the “2020 Notes Indenture”), relating to the 2020 Notes. The 2020 Notes Supplemental Indenture provides for the following amendments to the 2020 Notes Indenture: (1) the deletion of certain covenants; (2) the amendment or deletion of certain definitions and other provisions; and (3) the deletion of defined terms and section references which cease to have meaning by virtue of the other changes made. The 2020 Notes Supplemental Indenture became effective on March 28, 2016 and became operative on April 8, 2016. Approximately 57.98% of the holders of the 2020 Notes approved the terms of the 2020 Notes Supplemental Indenture pursuant to the Company’s solicitation of consents to such terms on the terms and subject to the conditions set forth in the Company’s Offer to Purchase and Consent Solicitation Statement, dated March 3, 2016, as amended, and at a meeting of the holders of the Notes on March 23, 2016.
Additionally, by notice to the holders of the 8.500% Notes due 2017, Series No. 1 (the “2017 Notes”), the Company reported that it has entered into a First Supplemental Indenture, dated as of April 7, 2016 (the “2017 Notes Supplemental Indenture”), to the Indenture, dated as of February 2, 2007, among the Company, as issuer, The Bank of New York Mellon (formerly The Bank of New York), as Trustee (the “Trustee”), Co-Registrar, Principal Paying Agent and Transfer Agent, and Banco Santander Río S.A. (formerly Banco Río de la Plata S.A.), as Registrar, Paying Agent, Transfer Agent and Representative of the Trustee in Argentina (the “2017 Notes Indenture”), relating to the 2017 Notes. The 2017 Notes Supplemental Indenture provides for the following amendments to the 2017 Notes Indenture: (1) the deletion of certain covenants, events of default and provisions relating to defeasance; (2) the amendment or deletion of certain definitions and other provisions; and (3) the deletion of defined terms and section references which cease to have meaning by virtue of the other changes made. The 2017 Notes Supplemental Indenture became effective on April 7, 2016, and became operative on April 8, 2016. Approximately 50.30% of the holders of the 2017 Notes approved the terms of the 2017 Notes Supplemental Indenture pursuant to the Company’s solicitation of consents to such terms on the terms and subject to the conditions set forth in the Company’s Offer to Purchase and Consent Solicitation Statement, dated March 3, 2016, as amended, and at a meeting of the holders of the Notes on April 7, 2016.