Banco de Galicia y Buenos Aires S.A.

                                                Buenos Aires, January 21ST, 2010

Comision Nacional de Valores (National Securities Commission)

                               Ref.: Program for the issuance and re-issuance of
                               Ordinary Negotiable Obligations for up to
                               US$2,000,000,000 - Cancellation.

Dear Sirs,

In my capacity as attorney in fact for Banco de Galicia y Buenos Aires Sociedad
Anonima (the "Bank"), I am writing in order to inform you that the Bank decided
to repay the Negotiable Obligations detailed below and cancel the public
offering thereof. Such Negotiable Obligations had been acquired at a price of
80,550478%, being the economic result of the operation pesos 1,5 million
(utility):

* Negotiable Obligations due in 2014: for a face value of US$ 23,121,000 (twenty
three million, one hundred and twenty one thousand US Dollars).

Having made this repayment, the principal amount of the outstanding Negotiable
Obligations due in 2014 now has a face value of US$ 161,843,781 (one hundred and
sixty one million, eight hundred forty three thousand and seven hundred and
eighty one US Dollars).

Consequently, we request that you give effect to the partial cancellation of the
Public Offering for US$ 23,121,000 of Negotiable Obligations due in 2014.

Yours faithfully,


Patricia Lastiry
Attorney in fact