Subsection I) 3. Proposals regarding dividends in cash and in kind, capitalized earnings, monetary
adjustments and other concepts: reserves constitution
The Board of Directors of the Company, at its meeting held on March 6, 2024, resolved
to propose to the General Shareholders’ Meeting that will consider the Financial Statements related to the fiscal year No. 47, to allocate the balance of the unallocated results, after deducting the amounts restricted of distribution -as reported in the Annual Report-, i.e. the amount of Ps. 56,487 million, as follows: a) to fully release the reserve for future dividends, the reserve for the purchase of own shares, and the reserve for
investments; b) to absorb the accumulated losses in the unallocated results account up to Ps. 1,003,419 million against the amounts corresponding to released reserves; c) to allocate Ps. 28,745 million to constitute a reserve for the
purchase of own shares, in order to grant the Board of Directors the possibility to purchase the Company’s own shares at the time it deems appropriate for their allocation to share-based benefit plans (in accordance with articles 64 and 67 of
Law No. 26,831); and d) to allocate Ps. 3,418,972 million to constitute a reserve for investments in accordance with the third paragraph of article 70 of the General Corporations Law No. 19,550.
5) Shares owned by the parent group
As of
December 31, 2023, the number of shares belonging to the controlling shareholder of the Company amounted to 200,593,289 shares, which include 200,589,525 class D shares and 3,764 class A shares.
6) Shares with rights to securities representing debt convertible into shares and/or purchase options over company shares, corresponding to ownership of
the shareholder or parent group
None.
7)
Parent shareholder of the company
Federal Government—Secretary of Energy, with legal domicile at Hipólito Yrigoyen 250, Autonomous
City of Buenos Aires.
Yours faithfully,
Margarita Chun
Market
Relations Officer
YPF S.A.
