Grupo Financiero Galicia S.A. has announced the promotion and appointment of the current Vice-President of the Bank, Mr. Sergio Grinenco. Additionally, it will also promote Mr. PabloGutierrez to the position of Vice President. Mr. Grinenco served in several areas of the Bank, which include: Finance, Commercial Planning, Strategic Planning, Investment Banking and Comptroller Manager. Mr. Grinenco has been Vice-President of the Bank since April 2003 and he is also Chairman of the Compa a Financiera Argentina S.A. Mr. Gutierrez has held various positions and responsibilities at the Bank, which include: Organization, Product Management and Finance, development of activities in Capital Markets and the Bureau of Changes in Foreign Trade and Planning. He was Credit Officer, served as Manager of the Private Banking Department, Manager of the Investment Department, Manager of the Risk Management Department and Manager of the Financial Department. Since April 2005, he has been a member of the Board of Directors.