Cash & Debt Overview

Resumen de Caja y Deuda

Cash and Debt, by Segment (in US$ million)

Cash as of September 30, 2019⁽¹⁾	Consolidated Financial Statements	Ownership Adjusted
Power generation	148	130
Electricity distribution	55	28
Petrochemicals	–	–
Holding and others	59	59
Oil and gas	322	322
Total	584	539
Affiliates at ownership	115	115
Total with affiliates	699	654
Total Restricted Group⁽²⁾	549

Bank and Financial Debt as of September 30, 2019	Consolidated Financial Statements	Ownership Adjusted
Power generation	568	568
Electricity distribution	189	88
Petrochemicals	–	–
Holding and others	13	13
Oil and gas	1,210	1,210
Total	1,980	1,880
Affiliates at ownership	420	420
Total with affiliates	2,400	2,300
Total Restricted Group⁽²⁾	1,791

Note: (1) It includes cash and cash equivalents, financial assets at fair value with changing results and investments at amortized cost. (2) Consolidated figures without Edenor and affiliates, according to the definition in Pampa Energía’s debt prospectus.

Listed Debt Securities (In Million)

Company	Security	Maturity	Amount Issued	Amount Outstanding	Coupon
In US$
Transener¹	CB Series 2	2021	101	92	9.75%
Edenor	CB par at fixed rate	2022	300	162	9.75%
TGS¹	CB at discount at fixed rate	2025	500	500	6.75%
Pampa Energía	CB Series T at discount at fixed rate	2023	500	487	7.375%
	CB Series I at discount at fixed rate	2027	750	687	7.5%
	CB Series 3 at discount at fixed rate²	2029	300	293	9.125%
In AR$
Pampa Energía	CB Series E³	2020	575	575	Badlar Privada

Note: (1) Affiliates are not consolidated in Pampa’s FS, according to the IFRS standards. (2) Issued on July 3, 2019. (3) Debt securities issued by CTLL, a power generation subsidiary merged by absorption to Pampa Energía.

Credit Ratings

	Foreign Currency	Domestic Currency
S&P Global	B-	–
Moody’s	Caa1	–
Fitch	CCC+	AA-

Information updated as of September 13, 2019.