YPF · YPF Sociedad Anónima

On April 30, 2026, YPF S.A. completed the acquisition of the Southern Hub assets from Pluspetrol S.A., securing full 100% ownership of the Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas areas. This transaction, initially announced via a January 22 communication, represents a strategic consolidation of YPF's position in key Argentine oil and gas assets, enhancing control over these producing areas without disclosed financial terms beyond the transfer itself. Concurrently, the parties amended the original January 22 agreement concerning YPF's sale of 44.44% shares in Vaca Muerta Inversiones S.A., which holds a 45% stake in the Temporary Joint Venture Agreements for the La Escalonada and Rincón La Ceniza areas in Neuquén Province. The amendment introduces a conditional direct transfer mechanism, allowing Vaca Muerta Inversiones S.A. to convey a 20% interest in these UTE Agreements and joint operating agreements directly to Pluspetrol upon satisfaction of specified conditions precedent. Should these conditions fail or at Pluspetrol's election, the share acquisition proceeds as originally planned. Notably, this modification imposes no immediate financial impact on either party, limited only to potential price adjustments at the time of final closing. For investors, this dual development underscores YPF's active portfolio management in the Vaca Muerta region, balancing asset acquisitions with structured divestitures while maintaining operational flexibility through conditional terms.