0001019155-16-000521 Sample Contracts

and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY SHARES Amended and Restated Deposit Agreement Dated as of August 14, 2009 AMENDED AND RESTATED DEPOSIT AGREEMENT
Deposit Agreement • March 10th, 2016 • Bank of New York / Adr Division • American depositary receipts • New York

AMENDED AND RESTATED DEPOSIT AGREEMENT dated as of August 14, 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 Depositary Receipts Division
Deposit Agreement • March 10th, 2016 • Bank of New York / Adr Division • American depositary receipts

Re: Amended and Restated Deposit Agreement dated as of August 14, 2009 (the "Deposit Agreement") among Pampa Energia S.A., The Bank of New York Mellon, as Depositary, and all Owners and Beneficial Owners from time to time of American Depositary Shares issued thereunder.

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