Exhibit 4.5

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

NOTICE

BUENOS AIRES, NOVEMBER 7, 2012

To

AEROPUERTOS ARGENTINA 2000 S A

Mr. Máximo BOMCHIL

Honduras 5663 - 2^o Floor

FEDERAL CAPITAL

The purpose of this notice is to inform you about the issuance of Resolution Nº 115, dated on November 5, 2012, by the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA), which provides as follows in Article 1: “To approve the Review of the FINANCIAL PROJECTION OF INCOME AND EXPENSES OF THE CONCESSION (FPIE) as of December 31, 2010 ─ attached herewith as Annex I ─ pursuant to the provisions of Paragraph 29 of Part Four of the MEMORANDUM OF AGREEMENT FOR CONCESSION CONTRACT ADJUSTMENT, ratified by Decree 1799/07, dated on December 4, 2007. According to this Review, it is necessary to rebalance the variables included in the Projection by means of a rate variation of FOURTEEN POINT SIX PERCENT (14.6%) for the INTERNATIONAL and REGIONAL AIRPORT TERMINAL USAGE FEE both for First and Second Category Airports and of FOURTEEN POINT THREE PERCENT (14.3%) for the DOMESTIC AIRPORT TERMINAL USAGE FEE, for all airport categories.” Article 2 of said Resolution provides as follows: “To uphold the provisions of Resolution No. 10, dated on January 30, 2009 by the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA) about the convenience and pertinence of making such discounts to international aeronautical charges so that the resulting charge is equal to the charge that would be obtained by applying a THIRTY PERCENT discount (30%) over the fixed values in Annex II of the Memorandum of Agreement, approved by Decree 1799/07, dated on December 4, 2007. Such discount shall be applied to those airlines that are up to date with their payments.”

A motion for reversal or a motion to appeal the review of the administrative act notified by these presents can be filed within the term of TEN (10) and FIFTEEN (15) days respectively, as of the notification thereof, pursuant to the provisions of Articles 84 and 94 of the Regulations of Administrative Proceedings, Decree 1759/72 (as revised in 1991).

It is expressly stated on the record that a duly certified copy of ORSNA Resolution No. 115/2012 is attached herewith, which has TWELVE (12) sheets of paper with writing on both sides of the page.

You are hereby duly notified.

Av. Corrientes 441 * C1043AAE * Buenos Aires * Argentina * Ph: 4327-3328 / 4327-1046 * Fax: 4327-1340

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“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

[Each page of this document is duly initialized at the bottom, on the left.]

BUENOS AIRES, NOVEMBER 5, 2012

Having reviewed File N° 200/2011 of the Registry of the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA), Decree No. 375, dated on April 24, 1997, ratified by Decree of Necessity and Urgency No. 842, dated on August 27, 1997; Decree No. 163, dated on February 11, 1998; Decree No. 1799, dated on December 4, 2007; ORSNA Resolutions No. 111, dated on December 30, 2008; No. 9, dated January 28, 2009; No. 10, dated January 30, 2009; No. 48, dated on September 10, 2010; No. 60, dated on October 14, 2010; No. 125, dated on December 21, 2011 and No. 126, dated on December 21, 2011; and

WHEREAS:

The abovementioned File deals with the Review of the FINANCIAL PROJECTION OF INCOME AND EXPENSES for the CONCESSION (FPIE), corresponding to the year 2010.

Paragraph 24.1 of the MEMORANDUM OF AGREEMENT FOR CONCESSION CONTRACT ADJUSTMENT, ratified by Decree Nº 1799/07 dated on December 4, 2007, establishes the FINANCIAL PROJECTION OF INCOME AND EXPENSES (FPIE) for the Concession for the 2006-2028 period.

Said projection is shown in Annex V of the Memorandum of Agreement and consists of a breakdown of revenues and expenditures related to the rendering of the services subject to the concession, including the investment obligation and the balance of the mutual claims between the NATIONAL STATE and the Concessionaire AEROPUERTOS ARGENTINA 2000 SOCIEDAD ANÓNIMA.

The Memorandum of Agreement states that ordinary and extraordinary reviews of the FINANCIAL PROJECTION OF INCOME AND EXPENSES for the concession (FPIE) shall be carried out, when so required by circumstances.

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

Paragraph 29 of the Memorandum of Agreement provides for an Annual Ordinary Review Mechanism of the FINANCIAL PROJECTION OF INCOME AND EXPENSES for the concession (FPIE), with the purpose of verifying and keeping the balance between the variables of the aforementioned projection.

The aforementioned mechanism was submitted to the SECRETARIAT OF TRANSPORTATION under the umbrella of the former MINISTRY OF FEDERAL PLANNING, PUBLIC INVESTMENT AND SERVICES through ORSNA Resolution Nº 111, dated on December 30, 2008, which states the necessary methodology to achieve the rebalancing of the FINANCIAL PROJECTION OF INCOME AND EXPENSES for the concession (FPIE).

The purpose of the Review is to preserve the balance between the variables that are part of the Projection, in the understanding that the Concession shall be in a situation of balance if revenues from airport charges for rendered services permit to recover, within the stipulated term, and in the committed efficiency conditions, all costs associated to the rendering of such services, as well as to obtain a given remuneration for the invested capital cost.

The purpose of the Review is also to find formulas that allow to minimize the costs (productive efficiency), taking into account that this is one of the problems of rate of return regulation.

Since the Memorandum of Agreement became effective, this Regulating Body has carried out TWO (2) Reviews. The first one took place at the beginning of 2009 and was temporary in nature. The resulting Rate Schedule was approved by ORSNA Resolution No. 10, dated January 30, 2009.

Later, the corresponding Review for the 2009 period was performed. This was an extraordinary review, not in the sense defined in paragraph 9.6 of the Mechanisms, but due to the fact that it involved a one-time a comprehensive assessment of the evolution of the different variables that are part of the Projection, from January, 2006 to December 2009. The resulting Rate Schedule from such review was approved by ORSNA Resolution No. 126, dated December 21, 2011, which is currently in effect.

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

In order to carry out the present Review, the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA) analyzed the revenues of the Concessionaire (both aeronautical and non-aeronautical revenues), the revenues from Cargo Terminal, Investments, Operating Expenses, Indexes, as well as discounts to Airlines.

As regards Revenues, it should be mentioned that accounting information for Aeronautical Revenues obtained by AEROPUERTOS ARGENTINA 2000 SOCIEDAD ANÓNIMA can be considered valid.

After receiving the information, the ORSNA made the corresponding reconciliation and found out that commercial revenues for the First Semester amounted to approximately THREE HUNDRED AND SEVENTY-EIGHT MILLION TWO HUNDRED AND NINETY-EIGHT THOUSAND EIGHT HUNDRED AND FORTY SIX PESOS WITH 85/100 (ARS378,298,846.85), which accounted for a FORTY-SEVEN PERCENT (47%) of total revenues of the Concession.

Commercial revenues for the Second Semester amounted to approximately EIGHT HUNDRED AND THIRTY-FIVE MILLION FIVE HUNDRED AND SEVENTY-FIVE THOUSAND FIVE HUNDRED SEVENTY-NINE PESOS WITH 44/100 (ARS835,575,579.44), which accounted for a FORTY-EIGHT (48%) of total revenues of the Concession.

As regards revenues from the Cargo Terminal, it should be mentioned that such incorporation represented for AEROPUERTOS ARGENTINA 2000 SOCIEDAD ANÓNIMA in the Second Semester a billing for rendered services amounting to around THREE HUNDRED AND FORTY-FIVE MILLION FOUR HUNDRED THOUSAND PESOS (ARS345,400,000).

Air cargo operating expenses for the year 2010 amounted to approximately ONE HUNDRED AND TWENTY MILLION SEVEN HUNDRED THOUSAND PESOS (ARS120,700,000). The tax component, mainly Income Tax, shall be added to this amount.

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

As regards investments, the amount entered in the Record of Investments for the year 2010 is THREE HUNDRED AND NINETY-ONE MILLION FOUR HUNDRED AND THIRTY THOUSAND THREE HUNDRED AND FIFTY-THREE PESOS (ARS391,430,353).

At this time, the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA) is analyzing an amount of approximately THIRTY MILLION PESOS (ARS30,000,000) for “Reversible Situations”, which is the amount of investments informed by the Concessionaire AEROPUERTOS ARGENTINA 2000 SOCIEDAD ANÓNIMA as performed but which were not fully supported by the corresponding documentation, both technical and economic, for the Regulating Body to be able to make a comprehensive assessment.

Likewise, there are other amounts that the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA) has not considered an investment, within the framework of the Record of Investments, such is the case of Consumable Expenses, Commercial Interests or Projects, which could be reposted as expenses in the Financial Economic Equation if the Concessionaire so requires in the future.

No amounts informed by AEROPUERTOS ARGENTINA 2000 SOCIEDAD ANÓNIMA have been acknowledged under the denomination “Irreversible Situations”, which are related, among other things, to expenses from other years, deducted to the amounts to be recorded.

At the date of the comparison between the undertaken commitments by virtue of the Memorandum of Agreement for the five-year period (2006-2010) and the performed commitments, there is a pending investment amount of around FIVE HUNDRED NINETY-ONE MILLION EIGHT HUNDRED AND SEVENTEEN THOUSAND TWO HUNDRED PESOS (ARS591,817,200). This outstanding obligation shall be complied with at the end of the current year, with no exception whatsoever.

Such amount, added to the investment corresponding to the year 2012, by virtue of the Memorandum of Agreement, which amounts to TWO HUNDRED THIRTY-ONE MILLION NINE HUNDRED AND THIRTY-TWO THOUSAND SEVEN HUNDRED PESOS (ARS231,932,700), amounts to an estimated investment for the year 2012 of EIGHT HUNDRED AND TWENTY-THREE MILLION SEVEN HUNDRED ANDFORTY-NINE THOUSAND NINE HUNDRED PESOS (ARS823,749,900) (this amount does not include the value added tax (VAT), at values corresponding to December 2011.)

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

As regards Operating Expenses, several efficiency adjustments have been made, such as the so called “Type 1 adjustments”, consisting in removing all expenses that are not directly related to the concession (expenses incurred by affiliated or controlled companies.)

For the purposes of the current Review, Type-1 adjustments amounting to FOUR MILLION FIVE HUNDRED AND ONE THOUSAND ONE HUNDRED AND EIGHTY-ONE PESOS (ARS4,501,181) were discounted from the revenues of the concession.

No compensation whatsoever shall be applied to these amounts, which shall be fully covered by shareholders and not by the airport Concession.

As regards Type 2 adjustments, they are an incentive mechanism to help the company achieve airport service sustainability and efficiency goals in a Concession subject to rate of return regulation. Adjustments affect mainly the following sub-accounts: Mobility Costs and Travel Expenses, Banking Expenses, Mobile Phone (variable charge), Dispenser/vending machines and Cafeteria, Mail/courier services and Freight Costs, Subscriptions, Pavements, Green Areas, Buildings, Minor Buildings, Safety and Security, among others.

Type 3 adjustments are part of an incentive scheme, which sets specific reduction goals for a given timeframe, anticipating to the Concessionaire the maximum amounts to be considered in the subsequent reviews.

Type 3 adjustments have affected expenses arising from the following accounts: Salaries and Wages, Miscellaneous Fees, Attorney Fees, Entertainment and Events, Miscellaneous Rents, among others.

As regards the indexes, the Projection is expressed in pesos with a book value corresponding to the year 2005. Thus, the current values of subsequent years shall be adjusted to express them in uniform currency.

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

The price variation analysis related to the FINANCIAL PROJECTION OF INCOME AND EXPENSES OF THE CONCESSION (FPIE) shows that since January 1, 2006 ─ effective date of the Memorandum of Agreement ─ to December 31, 2011, the Rate of Exchange increased by FORTY-TWO PERCENT (42%), the Consumer Price Index (CPI) increased by SIXTY-FIVE (65%) PERCENT, the Wholesale Price Index (WPI) increased by EIGHTY-SEVEN POINT SIX PERCENT (87.6%) and the Construction Cost Index (CCI) increased by ONE HUNDRED AND FIFTY-SEVEN PERCENT (157%), whereas Salaries have registered an increase of TWO HUNDRED AND FORTY-FIVE PERCENT (245%), all of which are based on the data provided by the INSTITUTO NACIONAL DE ESTADÍSTICAS Y CENSOS (INDEC).

The year 2010 registered important growth rates, both for domestic passenger traffic, with represented a SEVEN PERCENT (7%) increase, and for international passenger traffic, which accounted for a NINETEEN PERCENT (19%) increase.

Such growth was consolidated in time as the year 2011 registered an EIGHT POINT SEVEN PERCENT (8.7%) increase in international traffic.

As regards Traffic Projection, as the Financial Economic Model uses real Aeronautical and Non-Aeronautical Revenue data, no comparison is required with past growth rates.

The Annual Review method implies a significantly reduced risk of making an incorrect passenger and aircraft flow forecast, as adjustments are made each year based on the actual recorded information.

Any unexpected demand-related factor may be considered in the following rate review. Therefore, any possible deviation from expected parameters would only last for a year, thus reducing the specific risk for the company and the capital cost.

An adjustment of the achieved profitability levels through the FINANCIAL PROJECTION OF INCOME AND EXPENSESS has been made based on the Review of year 2010 and the effects thereof on the airport Concession.

The new profitability levels call for a rebalancing of the variables of the projection, to guarantee service sustainability in the agreed conditions between the Concessionaire and the NATIONAL STATE, including the investments to be made.

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

Pursuant to Paragraph 29.4 of the Memorandum of Agreement, the first review incorporated a discount system of airport charges for Airlines. We believe that such discounts should be kept, pursuant to ORSNA Resolution No. 10, dated on January 30, 2009.

Those airlines that are not up to date with payments of airport charges shall not enjoy the aforementioned discount.

The Review shows a need to make a FOURTEEN POINT SIX PERCENT (14.6%) adjustment on the INTERNATIONAL AIRPORT TERMINAL USAGE FEE and the REGIONAL AIRPORT TERMINAL USAGE FEE for First and Second Category Airports, and a FOURTEEN POINT THREE PERCENT (14.3%) adjustment on the DOMESTIC AIRPORT TERMINAL USAGE FEE for all airport categories of the NATIONAL AIRPORT SYSTEM (NAS).

The Board of Directors of the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA) has the corresponding authority to issue the present measure, pursuant to the provisions of Section 3 of the National Law of Administrative Procedures No. 19 549, Decree No. 375 of April 24, 1997 and other aforementioned regulations.

The matter was discussed at a Meeting of the Board of Directors held on October 19, 2012 and the undersigned was authorized to issue the present decision.

Therefore,

THE BOARD OF DIRECTORS OF THE ORGANISMO REGULADOR

DEL SISTEMA NACIONAL DE AEROPUERTOS

RESOLVES:

ARTICLE 1º.- To approve the Review of the FINANCIAL PROJECTION OF INCOME AND EXPENSES OF THE CONCESSION (FPIE) as of December 31, 2010 ─ attached herewith as Annex I ─ pursuant to the provisions of Paragraph 29 of Part Four of the MEMORANDUM OF AGREEMENT FOR CONCESSION CONTRACT ADJUSTMENT, ratified by Decree 1799/07, dated on December 4, 2007. According to this Review, it is necessary to rebalance the variables included in the Projection by means of a rate variation of FOURTEEN POINT SIX PERCENT (14.6%) for the INTERNATIONAL and REGIONAL AIRPORT TERMINAL USAGE FEE both for First and Second Category Airports and of FOURTEEN POINT THREE PERCENT (14.3%) for the DOMESTIC AIRPORT TERMINAL USAGE FEE, for all airport categories.

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

ARTICLE 2º.- To uphold the provisions of Resolution No. 10, dated on January 30, 2009 by the ORGANISMO REGULADOR DEL SISTEMA NACIONAL DE AEROPUERTOS (ORSNA) about the convenience and pertinence of making such discounts to international aeronautical charges so that the resulting charge is equal to the charge that would be obtained by applying a THIRTY PERCENT discount (30%) over the fixed values in Annex II of the Memorandum of Agreement, approved by Decree 1799/07, dated on December 4, 2007. Such discount shall be applied to those airlines that are up to date with their payments.

ARTICLE 3º.- Let these presents be filed and notified to the Concessionaire AEROPUERTOS ARGENTINA 2000 SOCIEDAD ANÓNIMA, the SECRETARIAT OF TRANSPORT of the MINISTRY OF INTERIOR AND TRANSPORTATION, enforced and filed.

ORSNA RESOLUTION Nº 115

[Illegible signature]

GUILLERMO VITAL

PRESIDENT

ORGANISMO REGULADOR DEL

SISTEMA NACIONAL DE AEROPUERTOS

ORSNA

“2012 – Year of Homage to Dr. D. MANUEL BELGRANO”

Annex I – Financial Projection of Income and Expenses

Av. Corrientes 441 * C1043AAE * Buenos Aires * Argentina * Ph: 4327-3328 / 4327-1046 * Fax: 4327-1340