DISTRIBUTION OF SHARES ISSUED BY Cresud SACIF y A pro rata among
SHAREHOLDERS
It is communicated to shareholders of Cresud
SACIF y A that according to the ruling of the Ordinary and
Extraordinary General Meeting of Shareholders held on October 31,
2016 and as provided by the Board in its meeting on November 3,
2016 on the basis of delegated powers by that Assembly, it has
decided the distribution of treasury shares acquired by the Company
totaling 3,833,352 non-endorsable common shares of 1 vote per share
and Nominal Value of $1 each, subject to the following
conditions:
Process start date: November 17,
2016
Payment address: Box Valores S.A. 362 May 25
Buenos Aires
Hours: Monday to Friday from 10:00 to
15:00.
Amount approved by the Assembly: 3833352. of
shares
The aforementioned distribution of shares
constitutes 0.00774216906 per share, a percentage of 0.76415967% of
the shares oustanding of $ 501.642.804.- and 0.774216906% of the
capital stock net of treasury shares.
Fractions of shares will be settled in cash in accordance with the
regulations of the Stock Exchange of Buenos Aires on smaller
fractions of 1 share or 1 ADR.-