Since 2008, the Company has had a Policy on Related-Party Transactions in place whereby, pursuant to the Capital Markets Act No. 26,831, all high-value transactions made between Pampa and individuals and/or legal entities which, pursuant to the applicable regulations in force are considered ‘related parties’, will be subject to a specific prior authorization and control procedure to be carried out under the supervision of Pampa’s Legal Affairs Executive Department and which involves both Pampa’s Board and its Audit Committee (as applicable).