CRESUD (NASDAQ: CRESY, BYMA: CRES) announces that it has decided to extend the expiration date of the exchange offer for the Series XXIII Notes.

BUENOS AIRES, Argentina, June 29, 2022 /PRNewswire/ -- Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the "Company") (NASDAQ: CRESY, BYMA:CRES), releases a supplemental notice to the subscription notice dated June 15, 2022, in order to inform the Eligible Holders that the Company has decided to extend the expiration date of its previously announced offer to exchange all of its USD 113,158,632 aggregate principal amount of outstanding 6.50% Series No. 23 Notes due 2023 for 8.00% Series No. 38 Notes due 2026 to be issued. CRESUD hereby extends the expiration date to July 6, 2022, and informs that the Issue and Settlement date will be on July 8, 2022.