Banco PatagoniaSA will propose in its July 25 shareholders' meeting a dividend distributionof 1,662,533 Argentine pesos.

The amount corresponds to 2.3118181342 pesos per share, the banksaid in a July 12 filing to the country's national securities commission. The proposalis subject to the approval of the central bank, Banco Central de la República Argentina.

As of July 12, US$1 wasequivalent to 14.59 Argentine pesos.