CRESY · Cresud Inc

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,733.26 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,579.23 ARS per 1.00 USD, resulting in a reported price of USD 1.10 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on August 20, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,671.06 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,583.18 ARS per 1.00 USD, resulting in a reported price of USD 1.06 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on August 12, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,830.00 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,563.03 ARS per 1.00 USD, resulting in a reported price of USD 1.17 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 22, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,769.11 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,567.74 ARS per 1.00 USD, resulting in a reported price of USD 1.13 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 21, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,750.00 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,574.64 ARS per 1.00 USD, resulting in a reported price of USD 1.11 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 6, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,876.13 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,487.02 ARS per 1.00 USD, resulting in a reported price of USD 1.26 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on June 11, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,710.07 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,475.20 ARS per 1.00 USD, resulting in a reported price of USD 1.16 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on April 21, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

The reporting group elected to exercise its right to require the Issuer to redeem all 487,738 shares of the Series E Stock (the "Shares") held by the reporting group at a value per share equal to 130% of the $10 liquidation preference of the Shares, plus accrued and unpaid dividends, on July 29, 2021, pursuant to the terms of the Shares. The Issuer had the right to redeem the Shares with cash or by issuing shares of common stock, and a special committee of independent directors of the board of directors of the Issuer unanimously approved redemption of the Shares with shares of common stock. (Continued at Footnote 2)

(Continued from Footnote 1) For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting group is deemed a Director by Deputization by virtue of its representation on the Board of Directors of the Issuer. The number of shares of common stock issued to effect redemption of the Shares equals 1,416,586 shares of common stock based on the weighted market sale price average of the common stock for the applicable thirty trading day period of $4.90 per share.