Buenos Aires, August 6, 2025
COMISIÓN NACIONAL DE VALORES (“CNV”)
25 de Mayo 175
City of Buenos Aires
BOLSAS Y MERCADOS ARGENTINOS S.A. (“ByMA”)
Sarmiento 299
City of Buenos Aires
A3 MERCADOS S.A. (“A3 Mercados”)
Maipu 1210
City of Buenos Aires
Present
Ref: YPF S.A. (“YPF”) enters into a share purchase
agreement to acquire Vaca Muerta Inversiones S.A.U.
Ladies and Gentleman:
We are hereby writing to you in compliance with the CNV Rules, and the corresponding regulations of ByMA and A3 Mercados.
In this regard, we hereby inform you that on August 6, 2025, YPF entered into a share purchase agreement (hereinafter, the “Agreement”) with Total Austral S.A. whereby, subject to the fulfillment of the conditions precedents set forth in the Agreement, YPF will acquire one hundred percent (100%) of the shares and capital stock of Vaca Muerta Inversiones S.A.U.
The total transaction amount is USD 500,000,000, subject to adjustments at closing based on the Company’s cash flows between January 2025 and the closing date.
If precedent conditions are fulfilled, Vaca Muerta Inversiones S.A.U. will hold a 45% interest in the Joint Venture Agreement and Joint Agreement (contrato de union transitoria) corresponding to the La Escalonada and Rincón La Ceniza blocks in the Province of Neuquén.
Sincerely yours,
Margarita Chun
Market Relations Manager
YPF S.A.