EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A.
10.50% Senior Notes due 2017
REGISTRATION RIGHTS AGREEMENT
October 9, 2007
Citigroup Global Markets Inc.
388 Greenwich Street
New York, New York 10013
Deutsche Bank Securities Inc.
60 Wall Street
New York, NY 10005
As Representatives of the Initial Purchasers
Ladies and Gentlemen:
Empresa Distribuidora y Comercializadora Norte S.A. (the “ Company ”), a corporation
organized under the laws of the Republic of Argentina ( “ Argentina ”), proposes to issue and sell to certain
purchasers (the “ Initial Purchasers ”), for whom you (the “ Representatives ”) are acting as representatives,
its 10.50% Senior Notes in the principal amount of U.S. $220,000,000 due 2017 (the “ Securities ”), upon the
terms set forth in the Purchase Agreement between the Company and the Representatives dated October 1,
2007 (the “ Purchase Agreement ”) relating to the initial placement (the “ Initial Placement ”) of the
Securities. To induce the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition to
your obligations thereunder, the Company agrees with you for your benefit and the benefit of the holders from
time to time of the Securities (including the Initial Purchasers) (each a “ Holder ” and, collectively, the “ Holders
”), as follows:
Definitions . Capitalized terms used herein without definition shall have their respective
meanings set forth in the Purchase Agreement. As used in this Agreement, the following capitalized defined terms
shall have the following meanings:
“ Act ” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the
Commission promulgated thereunder.
“ Affiliate ” shall have the meaning specified in Rule 405 under the Act and the terms
“controlling” and “controlled” shall have meanings correlative thereto.
“ Broker-Dealer ” shall mean any broker or dealer registered as such under the Exch