Translations:CP 03190/12/en

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You will have seen from our letter of yesterday[1] that we have encashed a dividend of 5.80 francs per unit on your Banco del Rio de la Plata shares. So we have done the right thing not to sell them at 320 because after the ex-dividend they are valued at 321 which makes a total of 326.80 with the dividend.

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