CEPU · Central Puerto S.A.

Central Puerto S.A. has executed a strategic agreement with Patagonia Assets Limited to acquire full ownership of Patagonia Energy S.A., the entity controlling a key hydrocarbon concession in Argentina's Neuquén Basin. This move marks a pivotal expansion beyond the company's core power generation activities into upstream oil and gas, aligning directly with its stated growth and diversification objectives. By integrating these assets, Central Puerto aims to bolster its competitive edge in the broader energy sector, tapping into new revenue streams from hydrocarbons that mitigate concentration risks in traditional operations. The transaction's structure involves both direct and indirect acquisition of PESA's entire share capital, ensuring complete control over the Aguada del Chivato / Aguada Bocarey block. While financial terms such as purchase price remain undisclosed, the deal's significance lies in its potential for medium- to long-term value creation through enhanced capabilities and market positioning. Investors should note that completion hinges on standard conditions precedent, introducing execution risk typical of M&A processes in the energy space. This acquisition positions Central Puerto to capitalize on Argentina's resource-rich basins, fostering resilience and opportunity in a dynamic energy landscape.