Compensation Agreements for the Senior Management

Buenos Aires, June 5, 2017. Pampa Energía S.A. (‘Pampa’ or the ‘Company’; NYSE: PAM; BCBA: PAMP) informs that, with the objective of efficiently align the senior management’ interests with the Company’s shareholders and therefore, to create value for them only if there is also value created for the shareholders, on June 2, 2017 the Board of Directors of the Company approved the execution of compensation agreements with the Company’s senior management, Messrs. Marcelo Mindlin, Gustavo Mariani, Damián Mindlin and Ricardo Torres. The aforementioned agreements mainly consider:

The compensation agreements’ guidelines were based on a report prepared by Spencer Stuart, an international well-known consulting firm specialized in the matter, following domestic and United States’ standards.

Moreover, said agreements were subject to the prior consideration of the Audit Committee, which ruled favorably regarding its reasonability. The aforementioned Audit Committee report is available to the shareholders, uploaded at the Argentine Securities Commission (‘CNV’) website.

For further information, contact:

Gustavo Mariani – Vice-President
Ricardo Torres – Vice-President
Mariano Batistella -Planning, Strategy and Affiliates Executive Director
Lida Wang – Investor Relations Officer

Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000