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(Figures may not sum up due to rounding) (does not include IP telephony lines, which as of March 31, 2021 amounted to approximately 406 thousand) Telecom Argentina S.A. ( Telecom Argentina ) - (NYSE: TEO; BASE: TECO2), announced today a Net Income of $9,012 million for the period ended March 31, 2021 (+139.2% vs. 1Q20). The Net Income attributable to the Controlling Company was P$8,741 million (+140.4% vs. 1Q20). It is worth mentioning that the comparative figures for the previous fiscal year have been restated so that the resulting comparative information is presented in terms of the current measurement unit as of March 31, 2021. The following table shows the evolution of the consumer price index (National CPI) for the last three fiscal years and as of March 31, 2020 and 2021 according to the official statistics (INDEC), which were used to restate the figures in constant currency:

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