This Website contains prospective information on the financial situation, results of operations and businesses of PAMPA ENERGÍA S.A. and any companies controlled by, controlling or under common control with Pampa Energía S.A. (the ‘Affiliates’). Any information that is not an assertion of historical facts is or might be deemed to be prospective information. Prospective information is any assertion on future expectations based on management’s current expectations and assumptions, and involves known and unknown risks and uncertainties that might cause results, performance or events to differ significantly from those expressed or implied in such assertions. Prospective information includes, among others, assertions on the potential exposure of PAMPA ENERGÍA S.A. and its Affiliates to market risks as well as assertions expressing expectations, beliefs, estimates, forecasts, projections and assumptions. Such prospective information is identified by the use of terms and expressions such as ‘anticipate’, ‘believe’, ‘might’, ‘estimate’, ‘expect’, ‘intend to’, ‘may’, ‘plan’, ‘objectives’, ‘perspectives’, ‘likely’, ‘project’, ‘will seek to’, ‘target’, ‘risks’, ‘goals’, ‘should’ and similar terms and expressions.

There are certain factors that might affect the future operations of PAMPA ENERGÍA S.A. and its Affiliates and cause such results to differ significantly from those expressed in the prospective information contained in this Website, including (but not limited to): (a) general inflation rates not reflected in the rate adjustment system of the company; (b) fluctuations in the prices of natural gas and those related to electricity generation; (c) fluctuations in currency value; (d) results of operations; (e) estimated financial reserves; (f) loss of public utility concessions; (g) physical and environmental risks; (h) risks associated with the identification of appropriate assets and objectives for potential acquisitions, and with satisfactory negotiation and execution of such transactions; (i) risks arising from commercial operations made in a developing country subject to international sanctions; (j) legislative, tax and regulatory developments, including litigation and potential regulatory impact from events related to points a, b, c and f; (k) economic and financial conditions of the regional market; (l) political risks, delays or progress in projects, calculations and cost approvals; and (m) changes in the exchange conditions, including expatriation of dividends.

The prospective information contained in this Website is expressly qualified in its entirety by the warnings contained or referred to herein. Readers must not excessively rely on prospective information. Each piece of prospective information only refers to the date of this document.

Neither PAMPA ENERGÍA S.A. nor any of its Affiliates hereby assume any obligation to publicly update or revise any prospective information as a result of new information, future events or otherwise. Taking these risks into account, the results may differ significantly from those stated, implied or inferred from prospective information contained in this Website.