Gramercy Funds Management issued the following statement after the Argentine 
Government announced an agreement was reached today between Argentina and an 
important subset of its creditors. 

"We believe that this consensual breakthrough is yet another important building 
block in the collaborative approach needed to help address Argentina's debt 
challenges," said Robert Koenigsberger, founder and CIO of Gramercy. "This 
agreement will allow the country to sustain high growth, reduce poverty, and 
enable more Argentines to meet their legitimate aspirations for a better 
standard of living for their families – all of which are also essential for 
improving creditworthiness and breaking the cycle of boom-bust external 
financing."

"Gramercy will continue to work closely with the Argentine authorities and 
other stakeholders with a view not only to finalize this important debt 
agreement but also to open the way for more pro-growth and 
financially-sustainable investments in Argentina," Koenigsberger concluded.

About Gramercy Funds Management 
Gramercy is a dedicated emerging markets investment manager based in Greenwich, 
CT with offices in London and Buenos Aires. The $4.75 billion firm, founded in 
1998, seeks to provide investors with superior risk-adjusted returns through a 
comprehensive approach to emerging markets supported by a transparent and 
robust institutional platform. Gramercy offers both alternative and long-only 
strategies across emerging markets asset classes including capital solutions, 
private credit, distressed debt, USD and local currency debt, high 
yield/corporate debt, and special situations. Gramercy is a Registered 
Investment Adviser with the SEC and a Signatory of the Principles for 
Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with 
the FCA. For more information, please visit www.gramercy.com 

Source - Gramercy Funds Management LLC 

CONTACT: Investors: Lacie Smith, Gramercy, 203-552-1928, lsmith@gramercy.com, 
Media: Steve Bruce / Rachel Bangser, ASC Advisors, 203-992-1230, 
sbruce@ascadvisors.com / rbangser@ascadvisors.com