Argentina
Unbeknown to Valentín, Molina is supposed to be spying on him to the warden in exchange for potential parole. Despite being eager to be released from prison as her mother is ailing, Molina is hesitant to report on Valentín, rarely giving away any information and continuously caring for the latter as he is tortured and poisoned by prison officers. In return, Valentín warms up to Molina, and although originally dismissive, grows increasingly interested by her retelling The Kiss of the Spider Woman.
As anti-government protests grow in size, the warden surprises Molina by approving her parole. The prospect of being separated from each other leads Valentín and Molina to realize that they have fallen in love, and they become lovers the night before Molina is freed from prison. On the day of her release, Molina offers to contact Valentín's group in order to pass on information from Valentín to them, and Valentín agrees. As Armando had to Aurora in her re-telling, Molina gives Valentín a red scarf, and says she hopes Valentín will not forget her. Valentín reassures her he won't, and the two bid each other an emotional farewell.
After her release, Molina reunites with her family. Unaware that the warden has arranged to have her followed in the hope that she will lead them to Valentín's group, she makes contact with Valentín's comrades and passes on the information entrusted by Valentín. Officers attack and chase them, and the revolutionaries try to escape with Molina, but when she falls behind, they are forced to shoot her dead to prevent the officers from obtaining the information she holds. As she lays dying, Molina imagines herself dancing with Valentín/Armando. Before being welcomed into death by the Spider Woman at the end of her dream, Molina declares that she does not regret her sacrifice, although, like Kendall died for Aurora, she did it not for Valentín's cause but out of love for him. Later, Valentín is left devastated by the news of Molina's death.
In October 1983, the military junta is toppled and thousands of political prisoners are freed. As his fellow inmates make it outside the jail and emotionally reunite with their families and friends, the newly-freed Valentín kisses Molina’s red scarf and raises it up in the air, saying “We made it, my love. We made it.”