% En Poder

% Tenencia Nº Acciones Free Nº Acciones en poder Tenencia AFJP al Tenencia AFJP

Empresas al 30/09/2008 Nº Acciones Totales % Free Float Grupo
AFJP Float G. Control 30/09/2008 sobre Free Float
Controlante
Alpargatas S.A.I.C. 69,861,515 40.00% 60.00% 0.01% 27,944,606 41,916,909 7,682 0.03%
Alto Palermo S.A. 78,206,461 7.11% 92.89% 2.10% 5,559,463 72,646,998 1,644,433 29.58%
Aluar Aluminio Argentino S.A.I.C. 1,319,999,071 29.08% 70.92% 11.12% 383,839,890 936,159,181 146,761,214 38.24%
Banco Hipotecario Nac. S.A. 1,499,998,671 72.91% 27.09% 4.44% 1,093,617,531 406,381,140 66,582,746 6.09%
Banco Macro SA 683,978,435 64.35% 35.65% 23.93% 440,138,071 243,840,364 163,702,575 37.19%
Banco Patagonia S.A. Ord. Clase B 748,155,906 42.97% 57.03% 11.74% 321,489,326 426,666,580 87,798,478 27.31%
Banco Santander Central Hispano1 310,952
BBVA Banco Francés S.A. 471,361,093 24.03% 75.97% 6.60% 113,268,071 358,093,022 31,107,297 27.46%
Camuzzi Gas Pampeana S.A. 333,280,902 13.91% 86.09% 11.74% 46,352,708 286,928,194 39,128,044 84.41%
Capex S.A. 179,802,153 32.42% 67.58% 9.87% 58,290,060 121,512,093 17,740,320 30.43%
Central Costanera S.A. 146,988,369 30.24% 69.76% 12.68% 44,445,314 102,543,055 18,638,163 41.94%
Central Puerto S.A. 88,505,991 46.27% 53.73% 3.68% 40,954,554 47,551,437 3,255,691 7.95%
Consultatio S.A. 1 voto 383,133,281 29.78% 70.22% 26.56% 114,085,214 269,048,067 101,762,206 89.20%
Cresud S.A.2 15,682,836
Distribuidora de Gas Cuyana 180,925,857 49.00% 51.00% 26.81% 88,653,670 92,272,187 48,501,721 54.71%
Edenor S.A. Acciones Ord. Clase B 906,455,120 49.00% 51.00% 25.26% 444,163,009 462,292,111 228,932,083 51.54%
Euromayor S.A. 3,509,523,290 33.39% 66.61% 0.09% 1,171,812,279 2,337,711,011 3,085,332 0.26%
Gas Natural BAN 325,539,967 30.00% 70.00% 24.38% 97,661,990 227,877,977 79,374,462 81.27%
Grupo Clarín S.A. Ordinarias Clase B 287,418,779 73.56% 26.44% 8.91% 211,438,475 75,980,304 25,614,287 12.11%
Grupo Consesionario del Oeste 160,000,000 51.40% 48.60% 20.11% 82,240,160 77,759,840 32,168,486 39.12%
Grupo Financiero Galicia S.A. 1,241,404,860 77.35% 22.65% 17.07% 960,183,210 281,221,650 211,877,034 22.07%
Imp. y Exp. de La Patagonia S.A. 49,999,978 23.25% 76.75% 18.59% 11,623,845 38,376,133 9,296,330 79.98%
IRSA3 24,276,179
Juan Minetti S.A. 352,056,915 21.11% 78.89% 10.37% 74,322,735 277,734,180 36,510,183 49.12%
Metrogás S.A. 569,171,207 30.00% 70.00% 7.58% 170,751,362 398,419,845 43,139,035 25.26%
Metrovías S.A. 13,699,999 10.05% 89.95% 8.55% 1,377,192 12,322,807 1,171,375 85.06%
Molinos Río de La Plata S.A. 250,379,956 36.29% 63.71% 18.26% 90,852,120 159,527,836 45,708,579 50.31%
Pampa Holding S.A. 1,526,194,278 81.24% 18.76% 17.67% 1,239,907,703 286,286,575 269,624,520 21.75%
Petrobrás Energía Participaciones S.A. 2,132,043,944 41.38% 58.62% 13.15% 882,327,198 1,249,716,746 280,466,868 31.79%
Quickfood S.A. Ordinarias Clase B 21,419,595 19.69% 80.31% 3.02% 4,216,940 17,202,655 646,068 15.32%
Repsol SA4 1,422,816
S.A. San Miguel 83,551,641 47.79% 52.21% 2.28% 39,925,987 43,625,654 1,901,823 4.76%
Siderar S.A. 347,468,941 39.07% 60.93% 23.49% 135,767,929 211,701,012 81,605,402 60.11%
Socotherm Americas S.A. 87,699,953 24.09% 75.91% 16.98% 21,130,953 66,569,000 14,888,021 70.46%
Solvay Indupa S.A. 414,283,437 29.58% 70.42% 15.39% 122,556,226 291,727,211 63,753,393 52.02%
Telecom Arg.Stet-France Telecom S.A. 984,380,659 45.26% 54.74% 22.79% 445,513,952 538,866,707 224,303,155 50.35%
Telefónica SA5 17,177,533
Tenaris 1,180,488,316 39.55% 60.45% 2.93% 466,883,129 713,605,187 34,638,449 7.42%
Transener S.A. 444,673,852 47.35% 52.65% 17.23% 210,544,620 234,129,232 76,595,797 36.38%
Transportadora de Gas del Norte S.A. 439,374,202 43.65% 56.35% 0.68% 191,770,143 247,604,059 2,972,962 1.55%
Transportadora de Gas del Sur S.A. 794,495,452 44.70% 55.30% 21.05% 355,169,658 439,325,794 167,244,657 47.09%
Y.P.F. S.A. 393,299,895 15.86% 84.14% 0.14% 62,359,665 330,940,230 564,713 0.91%

1- No existe información en BCBA. Empresa Extranjera

2- No existe accionista controlante en los términos del art. 33 de la Ley N° 19.550. No obstante, informa que Inversiones Financieras del Sur S.A. es el principal accionista, con un 32,5% del capital social.
3- No existe accionista controlante en los términos del art. 33 de la Ley N° 19.550. No obstante, informa que Cresud S.A.C.I.F. y A. es el accionista principal, con un 42,13%.
4- No existe información en BCBA. Empresa Extranjera
5- No existe información en BCBA. Empresa Extranjera.
Nº Acciones en poder G. Acciones Free Float Tenencia AFJP al
Control - Tenencia AFJP 30/09/2008

41,916,909 27,936,924 7,682

72,646,998 3,915,030 1,644,433
936,159,181 237,078,675 146,761,214
406,381,140 1,027,034,785 66,582,746
243,840,364 276,435,496 163,702,575
426,666,580 233,690,848 87,798,478

358,093,022 82,160,774 31,107,297

286,928,194 7,224,664 39,128,044
121,512,093 40,549,740 17,740,320
102,543,055 25,807,151 18,638,163
47,551,437 37,698,863 3,255,691
269,048,067 12,323,008 101,762,206

92,272,187 40,151,949 48,501,721

462,292,111 215,230,926 228,932,083
2,337,711,011 1,168,726,947 3,085,332
227,877,977 18,287,528 79,374,462
75,980,304 185,824,188 25,614,287
77,759,840 50,071,674 32,168,486
281,221,650 748,306,176 211,877,034
38,376,133 2,327,515 9,296,330

277,734,180 37,812,552 36,510,183

398,419,845 127,612,327 43,139,035
12,322,807 205,817 1,171,375
159,527,836 45,143,541 45,708,579
286,286,575 970,283,183 269,624,520
1,249,716,746 601,860,330 280,466,868
17,202,655 3,570,872 646,068

43,625,654 38,024,165 1,901,823

211,701,012 54,162,527 81,605,402
66,569,000 6,242,932 14,888,021
291,727,211 58,802,833 63,753,393
538,866,707 221,210,797 224,303,155

713,605,187 432,244,680 34,638,449

234,129,232 133,948,823 76,595,797
247,604,059 188,797,181 2,972,962
439,325,794 187,925,001 167,244,657
330,940,230 61,794,952 564,713
 Número de Acciones Totales, Tenencias AFJP
3,600,000,000

3,400,000,000

3,200,000,000

3,000,000,000

2,800,000,000

2,600,000,000

2,400,000,000

2,200,000,000
Número de acciones

2,000,000,000

1,800,000,000

1,600,000,000

1,400,000,000

1,200,000,000

1,000,000,000

800,000,000

600,000,000

400,000,000

200,000,000

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Empresas

Tenencia AFJP al 30/09/2008 Acciones Free Float - Tenencia AFJP Nº Acciones en poder G. Control
 Porcentaje Accionario Total, Tenencias AFJP
100.00%
95.00%
90.00%
85.00%
80.00%
75.00%
70.00%
65.00%
60.00%
Tenencia AFJP al 30/09/2008
Porcentaje

55.00%
Acciones Free Float - Tenencia
50.00% AFJP
45.00% Nº Acciones en poder G. Control
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
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Empresas
 Tenencia AFJP al
Empresas al 30/09/2008 Nacionalidad Sector
30/09/2008

Alpargatas S.A.I.C. Local Comercial 7,682

Alto Palermo S.A. Local Inmobiliario 1,644,433
ADRAPSA 1,025,552
APSA 618,881
Aluar Aluminio Argentino S.A.I.C. Local Industrial 146,761,214
Banco Hipotecario Nac. S.A. Local Financiero 66,582,746
Banco Macro SA Local Financiero 163,702,575
ADRBSUD 1,580,930
BSUD 162,121,645
Banco Patagonia S.A. Ord. Clase B Local Financiero 87,798,478
Banco Santander Central Hispano 1 Extranjera Financiero 310,952
ADRSCH 30,025
SCH 280,927
BBVA Banco Francés S.A. Local Financiero 31,107,297
ADRFRAN 4,544,796
FRAN 26,562,501
Camuzzi Gas Pampeana S.A. Local Servicios Públicos 39,128,044
Capex S.A. Local Exploración Petroleo y Gas 17,740,320
Central Costanera S.A. Local Servicios Públicos 18,638,163
Central Puerto S.A. Local Servicios Públicos 3,255,691
Consultatio S.A. 1 voto Local Inmobiliario 101,762,206
Cresud S.A.2 Local Agropecuario 15,682,836
ADRCRES 1,163,760
CRED 14,519,076
Distribuidora de Gas Cuyana Local Servicios Públicos 48,501,721
Edenor S.A. Acciones Ord. Clase B Local Servicios Públicos 228,932,083
ADREDN 9,598,320
EDN 219,333,763
Euromayor S.A. Local Inmobiliario 3,085,332
Gas Natural BAN Local Servicios Públicos 79,374,462
Grupo Clarín S.A. Ordinarias Clase B Local Comercial 25,614,287
Grupo Consesionario del Oeste Local Servicios Públicos 32,168,486
Grupo Financiero Galicia S.A. Local Financiero 211,877,034
ADRGGAL 58,611,960
GGAL 153,265,074
Imp. y Exp. de La Patagonia S.A. Local Comercial 9,296,330
IRSA3 Local Inmobiliario 24,276,179
ADRIRSA 1,878,890
IRSA 22,397,289
Juan Minetti S.A. Local Industrial 36,510,183
Metrogás S.A. Local Servicios Públicos 43,139,035
ADRMETR 4,212,880
METR 38,926,155
Metrovías S.A. Local Servicios Públicos 1,171,375
Molinos Río de La Plata S.A. Local Agropecuario 45,708,579
Pampa Holding S.A. Local Servicios Públicos 269,624,520
Petrobrás Energía Participaciones S.A. Local Exploración Petroleo y Gas 280,466,868
ADRPC 101,622,570
PC 178,844,298
Quickfood S.A. Ordinarias Clase B Local Industrial 646,068
Repsol SA4 Extranjera Exploración Petroleo y Gas 1,422,816
ADRREP 434,205
REP 988,611
S.A. San Miguel Local Agropecuario 1,901,823
Siderar S.A. Local Industrial 81,605,402
Socotherm Americas S.A. Local Industrial 14,888,021
Solvay Indupa S.A. Local Industrial 63,753,393
Telecom Arg.Stet-France Telecom S.A. Local Servicios Públicos 224,303,155
ADRTECO2 57,100,745
TECO2 167,202,410
Telefónica SA5 Extranjera Servicios Públicos 17,177,533
ADRTEFE 4,112,172
TEFE 13,065,361
Tenaris Extranjera Industrial 34,638,449
ADRTS 5,745,312
TS 28,893,137
Transener S.A. Local Servicios Públicos 76,595,797
Transportadora de Gas del Norte S.A. Local Servicios Públicos 2,972,962
Transportadora de Gas del Sur S.A. Local Servicios Públicos 167,244,657
ADRTGSU2 8,004,735
TGSU2 159,239,922
Y.P.F. S.A. Local Exploración Petroleo y Gas 564,713
ADRYPFD 112,998
YPFD 451,715
TOTAL

1- No existe información en BCBA. Empresa Extranjera

2- No existe accionista controlante en los términos del art. 33 de la Ley N° 19.550. No obstante, informa que Inversiones Financieras del Sur S.A. es el
principal accionista, con un 32,5% del capital social.
3- No existe accionista controlante en los términos del art. 33 de la Ley N° 19.550. No obstante, informa que Cresud S.A.C.I.F. y A. es el accionista principal, con un 4
4- No existe información en BCBA. Empresa Extranjera
5- No existe información en BCBA. Empresa Extranjera.
 Capitalización Total por Sector al
Capitalización Total
30/09/2008

$ 23,046.00 Agropecurio $ 534,526,885.56

$ 17,266,544.40 Comercial $ 389,662,128.22
$ 10,768,296.00 Exploración Petroleo y Gas $ 1,168,747,281.15
$ 6,498,248.40 Financiero $ 1,662,375,206.71
$ 611,730,093.88 Industrial $ 5,108,870,855.37
$ 55,263,679.18 Inmobiliaria $ 341,583,204.57
$ 980,791,237.60 Servicios Público $ 4,589,408,206.82
$ 9,471,825.91 Total $ 13,795,173,768.40
$ 971,319,411.69
$ 132,136,709.39
$ 14,134,292.06
$ 1,364,783.37
$ 12,769,508.69
$ 163,462,624.28
$ 23,881,994.02
$ 139,580,630.25
$ 56,735,663.80
$ 82,492,487.98
$ 62,365,157.21
$ 18,622,552.52
$ 264,581,735.60
$ 51,712,583.43
$ 3,837,382.22
$ 47,875,201.20
$ 129,339,539.39
$ 263,271,895.45
$ 11,038,068.00
$ 252,233,827.45
$ 4,627,998.26
$ 178,592,539.50
$ 210,805,582.01
$ 19,622,776.46
$ 316,586,664.20
$ 87,577,990.63
$ 229,008,673.57
$ 178,833,500.21
$ 55,106,926.31
$ 4,265,080.30
$ 50,841,846.01
$ 58,416,292.80
$ 50,472,671.24
$ 4,929,069.60
$ 45,543,601.64
$ 3,654,690.00
$ 437,170,562.13
$ 356,254,878.28
$ 876,122,402.26
$ 317,448,584.17
$ 558,673,818.09
$ 13,050,573.60
$ 127,442,482.81
$ 38,892,002.37
$ 88,550,480.44
$ 45,643,740.00
$ 2,040,763,411.60
$ 152,602,215.25
$ 248,332,216.41
$ 1,807,793,708.04
$ 460,209,164.40
$ 1,347,584,543.64
$ 1,249,169,094.69
$ 299,041,671.22
$ 950,127,423.47
$ 1,983,976,051.84
$ 329,072,511.83
$ 1,654,903,540.01
$ 76,595,797.00
$ 2,497,288.08
$ 314,419,955.16
$ 15,048,901.80
$ 299,371,053.36
$ 82,689,908.11
$ 16,546,093.74
$ 66,143,814.36
 $ 13,795,173,768.40

rsiones Financieras del Sur S.A. es el

ud S.A.C.I.F. y A. es el accionista principal, con un 42,13%.

 Capitalización Doméstica por
Total
Sector al 30/09/2008

Agropecurio $ 534,526,885.56
Comercial $ 389,662,128.22
Exploración Petroleo y Gas $ 1,041,304,798.34
Financiero $ 1,648,240,914.65
Industrial $ 3,124,894,803.54
Inmobiliaria $ 341,583,204.57
Servicios Público $ 3,340,239,112.13
Total $ 10,420,451,847.00
 Capitalización Total por Sector al 30/09/2008
Tenencia AFJPs

Agropecurio
Comercial
Exploración Petroleo y
Agropecurio
Comercial 3.87%
2.82%
Exploración Petroleo y Gas 8.47% Gas
Servicios Público 33.27% Financiero
Financiero 12.05%
Industrial
Inmobiliaria
Inmobiliaria 2.48%
Servicios Público
Industrial 37.03%
 Capitalización Doméstica por Sector al 30/09/2008
Tenencia AFJPs

Agropecurio
Comercial
Exploración Petroleo y
ComercialAgropecurio
3.74% 5.13%
Exploración Petroleo y Gas 9.99% Gas
Servicios Público 32.05% Financiero
Financiero 15.82% Industrial
Inmobiliaria
Inmobiliaria 3.28%
Servicios Público
Industrial 29.99%
 Especie Cantidad Capitalización Capitaliz/Cantidad Relación TOTAL
Total ADRAPSA 256,388 $ 10,768,296.00 42.00 1,025,552.00
Total APSA 618,881 $ 6,498,248.40 10.50 618,880.80
Total APSA 4.00 1,644,432.80
Total ADRBSUD 158,093 $ 9,471,825.91 59.91 1,580,930.00
Total BSUD 162,121,645 $ 971,319,411.69 5.99 162,121,645.00
Total BSUD 10.00 163,702,575.00
Total ADRCRES 116,376 $ 3,837,382.22 32.97 1,163,760.00
Total CRES 14,519,076 $ 47,875,201.20 3.30 14,519,076.00
Total CRES 10.00 15,682,836.00
Total ADREDN 479,916 $ 11,038,068.00 23.00 9,598,320.00
Total EDN 219,333,763 $ 252,233,827.45 1.15 219,333,763.00
Total EDN 20.00 228,932,083.00
Total ADRFRAN 1,514,932 $ 23,881,994.02 15.76 4,544,796.00
Total FRAN 26,562,501 $ 139,580,630.25 5.25 26,562,501.00
Total FRAN 3.00 31,107,297.00
Total ADRGGAL 5,861,196 $ 87,577,990.63 14.94 58,611,960.00
Total GGAL 153,265,074 $ 229,008,673.57 1.49 153,265,074.00
Total GGAL 10.00 211,877,034.00
Total ADRIRSA 187,889 $ 4,265,080.30 22.70 1,878,890.00
Total IRSA 22,397,289 $ 50,841,846.01 2.27 22,397,288.99
Total IRSA 10.00 24,276,178.99
Total ADRMETR 421,288 $ 4,929,069.60 11.70 4,212,880.00
Total METR 38,926,155 $ 45,543,601.64 1.17 38,926,155.25
Total METR 10.00 43,139,035.25
Total ADRPC 10,162,257 $ 317,448,584.17 31.24 101,622,570.00
Total PC 178,844,298 $ 558,673,818.09 3.12 178,844,298.00
Total PC 10.00 280,466,868.00
Total ADRREP 434,205 $ 38,892,002.37 89.57 434,205.00
Total REP 988,611 $ 88,550,480.44 89.57 988,611.00
Total REP 1.00 1,422,816.00
Total ADRSCH 30,025 $ 1,364,783.37 45.45 30,025.00
Total SCH 280,927 $ 12,769,508.69 45.45 280,927.00
Total SCH 1.00 310,952.00
Total ADRTECO2 11,420,149 $ 460,209,164.40 40.30 57,100,745.00
Total TECO2 167,202,410 $ 1,347,584,543.64 8.06 167,202,410.00
Total TECO2 5.00 224,303,155.00
Total ADRTEFE 1,370,724 $ 299,041,671.22 218.16 4,112,172.00
Total TEFE 13,065,361 $ 950,127,423.47 72.72 13,065,361.00
Total TEFE 3.00 17,177,533.00
Total ADRTGSU2 1,600,947 $ 15,048,901.80 9.40 8,004,735.00
Total TGSU2 159,239,922 $ 299,371,053.36 1.88 159,239,922.00
Total TGSU2 5.00 167,244,657.00
Total ADRTS 2,872,656 $ 329,072,511.83 114.55 5,745,312.00
Total TS 28,893,137 $ 1,654,903,540.01 57.28 28,893,137.00
Total TS 2.00 34,638,449.00
Total ADRYPFD 112,998 $ 16,546,093.74 146.43 112,998.00
Total YPFD 451,715 $ 66,143,814.36 146.43 451,715.00
Total YPFD 1.00 564,713.00

Total ALPA 7,682 $ 23,046.00 3.00

Total ALUA 146,761,214 $ 611,730,093.88 4.17
Total BHIP 66,582,746 $ 55,263,679.18 0.83
Total BPAT 87,798,478 $ 132,136,709.39 1.51
Total CAPX 17,740,320 $ 82,492,487.98 4.65
Total CECO2 18,638,163 $ 62,365,157.21 3.35
Total CEPU2 3,255,691 $ 18,622,552.52 5.72
Total CGPA2 39,128,044 $ 56,735,663.80 1.45
Total CTEF 323,112 $ 8,811,458.11 27.27
Total CTIO 101,762,206 $ 264,581,735.60 2.60
Total DGCU2 48,501,721 $ 129,339,539.39 2.67
Total EMDE 49,157,899 $ 108,147,377.80 2.20
Total ERAR 81,605,402 $ 2,040,763,411.60 25.01
Total EURO 3,085,332 $ 4,627,998.26 1.50
Total GBAN 79,374,462 $ 178,592,539.50 2.25
Total GCLA 25,614,287 $ 210,805,582.01 8.23
Total INDU 63,753,393 $ 248,332,216.41 3.90
Total JMIN 36,510,183 $ 58,416,292.80 1.60
Total MOLI 45,708,579 $ 437,170,562.13 9.56
Total MVIA 1,171,375 $ 3,654,690.00 3.12
Total OEST 32,168,486 $ 19,622,776.46 0.61
Total PAMP 269,624,520 $ 356,254,878.28 1.32
Total PATA 9,296,330 $ 178,833,500.21 19.24
Total PATY 646,068 $ 13,050,573.60 20.20
Total PERE 8,867,306 $ 78,919,023.40 8.90
Total SAMI 1,901,823 $ 45,643,740.00 24.00
Total STHE 14,888,021 $ 152,602,215.25 10.25
Total TGNO4 2,972,962 $ 2,497,288.08 0.84
Total TRAN 76,595,797 $ 76,595,797.00 1.00