In order to fulfill the requirements of Article No. 62 of the Buenos Aires Stock Exchange Rules, we advise you that the Company’s Board of Directors approved, at its meeting held on March 3, 2016, the consolidated financial statements for the year ended December 31, 2015. Relevant information of such financials statements of YPF S.A. follows:
Subsection n) Proposals regarding dividends in cash and in kind, capitalized earnings, monetary adjustments and other concepts
The Board of Directors decided to propose the following uses for the profits accumulated as of December 31, 2015 to the General Ordinary Shareholders' Meeting: (i) allocate Ps 50 million to establish a reserve for purchasing YPF shares, in order to grant to the Board of Directors the possibility of acquiring YPF shares at any time as it considers appropriate, and in carrying out the share compensation plan, to comply with the obligations currently existing under such plan and those that may arise in the future, (ii) allocate Ps 3,640 million to establish a reserve for investments in accordance with the third paragraph of article 70 of the General Corporations Law No. 19,550, as amended, and (iii) allocate Ps 889 million to a reserve for the payment of dividends, authorizing the Board of Directors to determine the opportunity for distribution of the same prior to the end of this fiscal year.
The Board of Directors has not made proposals for capitalization because there are insufficient facts indicating the need for capitalized earnings, monetary adjustments and other concepts.
Subsection o)-Shares owned by the parent group
As of December 31, 2015, the number of shares belonging to the controlling shareholder of the Company amounted to 200,593,289 shares, which included 200,589,525 class D shares and 3,764 class A shares.
Subsection p)-Shares with rights to securities representing debt convertible into shares and/or purchase options for company shares, corresponding to ownership of the shareholder or parent group
None.
Subsection q) Parent shareholder of the company:
Federal Government - Ministry of Energy and Mining, with legal domicile at Hipólito Yrigoyen 250, Autonomous City of Buenos Aires.
Yours faithfully,