0001019155-09-000670 Sample Contracts

and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY SHARES Amended and Restated Deposit Agreement Dated as of __________________, 2009 AMENDED AND RESTATED DEPOSIT AGREEMENT
Deposit Agreement • August 5th, 2009 • Pampa Energy Inc. • Electric services • New York

AMENDED AND RESTATED DEPOSIT AGREEMENT dated as of _______________, 2009 among PAMPA ENERGÍA S.A. (formerly known as Pampa Holding S.A.), incorporated under the laws of the Republic of Argentina (herein called the Company), THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York), a New York banking corporation (herein called the Depositary), and all Owners and Beneficial Owners from time to time of American Depositary Shares issued hereunder.

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THE BANK OF NEW YORK MELLON
Pampa Energy Inc. • August 5th, 2009 • Electric services

Re: Amended and Restated Deposit Agreement dated as of _______, 2009 (the "Deposit Agreement") among Pampa Energía S.A. (the “Company”), The Bank of New York Mellon, as Depositary, and the Owners and Beneficial Owners of American Depositary Shares issued thereunder

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