SALAVERRI•DELLATORRE•BURGIO & WETZLER MALBRÁNLegal Advisory Agreement • October 7th, 2016 • Pampa Energy Inc. • Electric services
We have acted as Argentine legal advisers of Pampa Energía S.A. (the “Company”), a sociedad anónima organized under the laws of the Republic of Argentina (“Argentina”), in connection with the offers by the Company (a) to exchange (i) outstanding Class B Shares (“PESA Shares”) of Petrobras Argentina S.A. held by U.S. Persons and (ii) outstanding American depositary shares, each representing ten PESA Shares, for the Offer Share Consideration and (b) to purchase any and all outstanding PESA Shares held by U.S. Persons for the Offer Cash Consideration, pursuant to the Company’s amended registration statement on Form F-4/A (No. 333-213038), filed with the Securities and Exchange Commission on October 6, 2016 (as amended, the “Registration Statement”).
