BANCO DE GALICIA Y BUENOS AIRES S.A.

                                                Buenos Aires, September 28, 2009

Comision Nacional de Valores
(National Securities Commission)
25 de Mayo 175
(C1002ABC) Buenos Aires

        Ref.: Banco de Galicia y Buenos Aires S.A. - Material Information

Dear Sirs,

          We write to you in order to announce to such Commission the result of
the Bank's offer to purchase for cash any and all of its outstanding ordinary
negotiable obligations, not convertible into shares, unsecured, denominated in
US Dollars, Class A, due in 2014, issued under its US$2,000,000,000 Global
Medium Term Note Program, in order to buy back and to cancel them.

          The tender offer expired at 5.00 p.m. New York City time and 6.00 p.m.
Buenos Aires City time, on Friday, September 25, 2009, at which time the Bank
was advised by Banco Santander Rio S.A., in its capacity of Registrar Agent in
Argentina, the aggregate principal amount of the negotiable obligations
tendered, received and not validly withdrawn was US$ 26,801,427, which
represents approximately 11.4% of the aggregate principal amount of negotiable
obligations outstanding. The Bank announced today that it has accepted for
purchase all of the negotiable obligations validly tendered as of the expiration
date. The settlement date for the tender offer will be on October 2, 2009.

Yours faithfully,


                           --------------------------
                                Patricia Lastiry
                        Responsible for Market Relations