<SEC-DOCUMENT>0000893838-16-000107.txt : 20160404
<SEC-HEADER>0000893838-16-000107.hdr.sgml : 20160404
<ACCEPTANCE-DATETIME>20160404173006
ACCESSION NUMBER:		0000893838-16-000107
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160404
FILED AS OF DATE:		20160404
DATE AS OF CHANGE:		20160404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YPF SOCIEDAD ANONIMA
		CENTRAL INDEX KEY:			0000904851
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				521612271
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12102
		FILM NUMBER:		161551985

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA PTE R SAENZ 777-8 PISO
		CITY:			BUENOS AIRES 1364 AR
		STATE:			C1
		BUSINESS PHONE:		5413267265

	MAIL ADDRESS:	
		STREET 1:		AVENIDA PTE R SAENZ 777-8 PISO
		CITY:			BUENOS AIRES
		STATE:			C1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ypf6k04042016.htm
<DESCRIPTION>LETTER DATED APRIL 4, 2016
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: Chadbourne & Parke LLP
    Document created using EDGARfilings PROfile 4.0.0.0
    Copyright 1995 - 2016 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" bgcolor="#ffffff" text="#000000">
<div>&#160;&#160;

<div>&#160;

<div>
<hr style="MARGIN-TOP: -5px; COLOR: rgb(0,0,0)" size="4" noshade="noshade">
<hr style="MARGIN-TOP: -10px; COLOR: rgb(0,0,0)" size="1" noshade="noshade">
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">FORM 6-K</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">Washington, D.C. 20549</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">Report of Foreign Issuer</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">Pursuant to Rule 13a-16 or 15d-16 of</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">the Securities Exchange Act of 1934</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">For the month of April, 2016</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Commission File Number: 001-12102</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">YPF Sociedad An&#243;nima</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">(Exact name of registrant as specified in its charter)</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Macacha G&#252;emes 515</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">C1106BKK Buenos Aires, Argentina</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">(Address of principal executive office)</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Indicate by check mark whether the registrant files or will file</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">annual reports under cover of Form 20-F or Form 40-F:</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"></div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="76f63862b50842b4842f3e62220fcee7" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 37.89%" valign="top" align="left">&#160;</td>
<td style="WIDTH: 8.26%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Form 20-F</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 5.23%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">X</div>
</td>
<td style="WIDTH: 6.94%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Form 40-F</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 5.84%" valign="top" align="left">&#160;</td>
<td style="WIDTH: 36.18%" valign="top" align="left">&#160;</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Indicate by check mark if the registrant is submitting the Form 6-K</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">in paper as permitted by Regulation S-T Rule 101(b)(1):</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="3fd4a5183295471995a182366dd4d076" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 28%" valign="top" align="left">&#160;</td>
<td style="WIDTH: 8%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Yes</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 3%" valign="top" align="left">&#160;</td>
<td style="WIDTH: 8%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">No</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 3%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">X</div>
</td>
<td style="WIDTH: 28%" valign="top" align="left">&#160;</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Indicate by check mark if the registrant is submitting the Form 6-K</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">in paper as permitted by Regulation S-T Rule 101(b)(7):</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="174d7b612b40471a80266c75c1c9527d" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 28%" valign="top" align="left">&#160;</td>
<td style="WIDTH: 8%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">Yes</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 3%" valign="top" align="left">&#160;</td>
<td style="WIDTH: 8%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">No</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 3%" valign="top" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">X</div>
</td>
<td style="WIDTH: 28%" valign="top" align="left">&#160;</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: rgb(0,0,0)" size="1" noshade="noshade">
</div>

<div>
<hr style="MARGIN-TOP: -13px; COLOR: rgb(0,0,0)" size="4" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Arial; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<br>
<div style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" id="PGBRK">
<div id="FTR">
<div style="TEXT-ALIGN: left; WIDTH: 100%; FONT-FAMILY: Arial; FONT-SIZE: 12pt" id="GLFTR"></div>
</div>

<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%" id="PN">
<div style="TEXT-ALIGN: center; WIDTH: 100%; FONT-FAMILY: Arial; FONT-SIZE: 12pt"></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" size="2" noshade="noshade">
</div>
</div>

<div id="HDR">&#160;</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">YPF Sociedad An<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">&#243;</font>nima</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">TABLE OF CONTENTS</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">ITEM</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; MARGIN-RIGHT: 0pt">1&#160;&#160;&#160; Translation of letter to the Buenos Aires Stock Exchange dated April 4, 2016</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
 &#160;</div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" id="PGBRK">
<div id="FTR">
<div style="TEXT-ALIGN: left; WIDTH: 100%; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt" id="GLFTR"></div>
</div>

<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%" id="PN">
<div style="TEXT-ALIGN: center; WIDTH: 100%; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" size="2" noshade="noshade">
</div>
</div>

<div id="HDR">
<div style="TEXT-ALIGN: right; WIDTH: 100%; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt" id="GLHDR"></div>
</div>
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="ypflogo_new.jpg"></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">TRANSLATION</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" id="PGBRK">
<div id="FTR">
<div style="TEXT-ALIGN: right; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: right; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: right; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: right; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: right; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Autonomous City of Buenos Aires, April 4, 2016</div>

<div style="FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-SIZE: small"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">To the</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Bolsa de Comercio de Buenos Aires</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">(Buenos Aires Stock Exchange)</div>

<div style="FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="68cdad568bfd4f7590827ae88269acc6" border="0" cellspacing="0" cellpadding="0" align="center">
<tr valign="top">
<td style="FONT-VARIANT: normal; WIDTH: 955px; FONT-SIZE: small">
<div style="DISPLAY: inline; FONT-FAMILY: times new roman"></div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: 620px; FONT-SIZE: small">
<div style="TEXT-ALIGN: justify; FONT-FAMILY: Times New Roman; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Re</font>:&#160;General Ordinary and Extraordinary Shareholders' Meeting to be held on April 29, 2016</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.25pt">
<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">Dear Sirs:</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">The purpose of this letter is to comply with the requirements of&#160;Article 74 of the Buenos Aires Stock Exchange Regulations.</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">In that connection, we enclose the call notice published in the daily Gazette of the Buenos Aires Stock Exchange.</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: normal; MARGIN-RIGHT: 0pt">Yours faithfully,</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: -28.4pt">&#160;</div>
</div>
</div>

<div style="FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: times new roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">Diego Cela&#225;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: times new roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Market Relations Officer</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: times new roman; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">YPF S.A.</div>
</div>
</div>
</div>
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; FONT-SIZE: 12pt; FONT-WEIGHT: bold"></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt"></div>
</div>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" id="PGBRK">
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%" id="PN">
<div style="TEXT-ALIGN: center; WIDTH: 100%"></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" size="2" noshade="noshade">
</div>
</div>

<div style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold" id="HDR"></div>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"></div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small; FONT-WEIGHT: bold">
<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small"><img src="ypflogo_new.jpg"></div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">TRANSLATION</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">YPF SOCIEDAD ANONIMA</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">CALL NOTICE</div>

<div style="FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small"><br>
</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">The Shareholders are hereby called to a General Ordinary and Extraordinary Shareholders' Meeting to be held on April 29, 2016 at 11:00 a.m., at the Company's offices located at Macacha G&#252;emes 515, Autonomous City of Buenos Aires, to consider the following:</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">
<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">AGENDA:</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="300f420c397441d09fd7d42429849966" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">1.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Appointment of two Shareholders to sign the minutes of the Meeting.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="6f581c4cd5044a549f423704a8f18319" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">2.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the Board of Directors' resolutions regarding the creation of a long-term plan of compensation in shares for employees, through the acquisition of shares of the Company in accordance with Article 64 et. seq. of Law No. 26,831. Exemption from the preemptive offer of shares to shareholders pursuant to Article 67 of Law No. 26,831.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="a61c011c9f75402f91228e946e5a30d4" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">3.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the Annual Report, Inventory, Balance Sheet, Income Statement, Statement of Changes in Shareholders' Equity and Statements of Cash Flow, with their notes, charts, exhibits and related documents, and the Report of the Supervisory Committee and Independent Auditor, corresponding to Fiscal Year No. 39, which began on January 1, 2015 and ended on December 31, 2015.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="bf85c1924aa64c79abce7c13c58ccf98" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">4.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Use of profits accumulated as of December 31, 2015. Constitution of reserves. Declaration of dividends.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="5ea3cbcb94a34554a214ae6bad358e5b" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">5.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Remuneration of the Independent Auditor for the fiscal year ended on December 31, 2015.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="ca2ea6b8cb5a4d79a9bc13be11ce27fe" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">6.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the extension of the period to conduct the auditing of the Company in accordance with Resolution No. 639/2015 of the National Securities Commission <font style="FONT-STYLE: italic">(Comisi&#243;n Nacional de Valores)</font>. Appointment of the Independent Auditor who will report on the annual financial statements as of December 31, 2016 and determination of its remuneration.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="af3cf5463e784616b75c2a3a64eb2bf3" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">7.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the performance of the Board of Directors and the Supervisory Committee during the fiscal year ended on December 31, 2015.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="cd164a4921e444d0894ee5bfba95d70b" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">8.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Remuneration of the Board of Directors for the fiscal year ended on December 31, 2015.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="ef0f0a22373b4009afa73283f59d461a" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">9.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Remuneration of the Supervisory Committee for the fiscal year ended on December 31, 2015.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="01a224b4e25a4a4d9a79f6bb4c4ce0c3" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">10.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Determination of the number of regular and alternate members of the Supervisory Committee.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="1b1a08a79f2b409187363bf483ac2340" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">11.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Appointment of one regular and one alternate member of the Supervisory Committee for the Class A shares.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="568ed300d88d42318cbe40732089fe00" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">12.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Appointment of the regular and alternate members of the Supervisory Committee for the Class D shares.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="398909450a1244b5b5e7777a546a7d9a" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">13.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Determination of the number of regular and alternate members of the Board of Directors.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="afc215b7bb6e493f8da2b9da037c1d3b" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">14.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Appointment of one regular and one alternate Director for the Class A shares and determination of their tenure.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="33459555f24446a3922420ca80124aef" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">15.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Appointment of regular and alternate Directors for Class D shares and determination of their tenure.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="6b7cbf4bea01455f9c180982936031f7" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">16.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Determination of the remuneration to be received by the members of the Board of Directors and the members of the Supervisory Committee for the fiscal year that began on January 1, 2016.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="77add6b5d63d4f02b6e71648ebfca066" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">17.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Modification of the Bylaws. Article 17, subsections i) and xiii); Article 18, subsections a), b), c), d) and e) and Article 19, subsections iii), iv) and v).</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="225de3bd95c14bd3a5b4861c27320641" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">18.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the merger by acquisition by YPF S.A. (the Acquiring Company) of YPF Inversora Energ&#233;tica S.A. and Gas Argentino S.A. (the Merged Companies), in accordance with article 82 et. seq. of the General Corporations Law (<font style="FONT-STYLE: italic">Ley General de Sociedades</font>), and article 77, article 78 et. seq. and consistent norms of the Profit Tax Law (<font style="FONT-STYLE: italic">Ley de Impuesto a las Ganancias</font>), as amended, and article 105 to article 109 of its regulatory decree.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="4523bd650228443fac01656fa6296970" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">19.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the Special Merger Balance Sheet (Special Merger Financial Statements) of YPF S.A. and the Consolidated Merger Balance Sheet (Consolidated Assets Merger Balance Sheet) of YPF S.A., Gas Argentino S.A. and YPF Inversora Energ&#233;tica S.A., each as of December 31, 2015, and the corresponding Supervisory Committee and Independent Auditor reports.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="75209af34fcb460399099685f26fe311" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">20.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of the Prior Merger Agreement and the Merger by Acquisition Prospectus.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="057bdc167c1c419a8cc28d8fc32f55af" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">21.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Authorization to sign the Definitive Merger Agreement in the name of and in representation of the Company.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="a6de0476962e457f80dc1df88e5798c9" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">22.</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Consideration of an increase in the amount of the Company's Global Medium Term Negotiable Obligations Program.</div>
</td>
</tr>
</table>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="53b01d73dae341198f2ed9dcf57f00e4" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 18pt">23.</div>
</td>
<td style="FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top; FONT-WEIGHT: normal">
<div style="TEXT-ALIGN: justify">Extension of the powers delegated to the Board of Directors to determine the terms and conditions of the notes issued under the current Global Medium-Term Notes Program.</div>
</td>
</tr>
</table>
</div>
</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small"><u>NOTES:</u></div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="47393326f76d4c6ea2befd3d5e328e4d" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 3.24%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">1)&#160;&#160;</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: 96.76%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Shareholders are reminded that the Register of Book-entry Shares of the Company is kept by Caja de Valores S.A., located at 25 de mayo 362, Autonomous City of Buenos Aires. Therefore, under Section 238 of Law No. 19,550, in order to attend the meeting they must obtain a certificate of the account of book-entry shares issued for that purpose by Caja de Valores S.A., and submit the certificate for registration in the Register of Attendance at Meetings, at the corporate offices located at Macacha G&#252;emes 515, Autonomous City of Buenos Aires, on business days from 10:00 a.m. to 1:00 p.m. and from 3:00 p.m. to 5:00 p.m., through and including April 25, 2016 at 5:00 p.m. The Company will provide the shareholders with receipts that will enable them to attend the Meeting.</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="78433db234df4314bdb2c4f7ab71b984" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 3.05%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">2)&#160;&#160;</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: 96.95%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Shareholders that are entities organized abroad are reminded that, under Resolution No. 7/2015 of the Superintendency of Corporations (<font style="FONT-STYLE: italic">Inspecci&#243;n General de Justicia</font>), in order to attend the Meeting they must comply with Section 123 of Law No. 19,550. Likewise, under Article 22, Chapter II, Title II of National Securities Commission Regulations (N.T. 2013) approved by Resolution No. 622/2013 of that Commission, at the time of providing notice of attendance and at the time of the actual attendance, they must demonstrate, with respect to the holders of shares and their representatives, respectively, the following information: name, surname and identity document, or corporate name and incorporation information, as the case may be, and the other information specified in such regulation.</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="3e2d578591d343ba866404fdc30cce13" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 3%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">3)&#160;&#160;&#160;&#160; </div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: 97%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">In order to consider the Agenda, the Shareholders of all classes of shares shall exercise their voting rights jointly, except with respect to items 11, 12, 14 and 15.</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="29c6732f925f4b74a352c8cb11b18925" border="0" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 17px">
<td style="FONT-VARIANT: normal; WIDTH: 3.11%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">4)&#160;&#160;</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: 96.95%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">With respect to items 2, 17, 18, 19, 20 and 21 of the Agenda, the Shareholders' Meeting will be conducted as an Extraordinary Meeting.</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="ddc047a480014f3baa570fe29c15ae68" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-VARIANT: normal; WIDTH: 3.05%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">5)&#160;&#160;</div>
</td>
<td style="FONT-VARIANT: normal; WIDTH: 97.02%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify">Shareholders are required to appear at the location designated for the General Shareholders' Meeting at least 15 minutes prior to the time indicated above, in order to facilitate accreditation and registration of attendance. No accreditations will be accepted&#160;outside the stated time.</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">The Board of Directors.</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: small">Miguel Mat&#237;as Galuccio, President of YPF S.A., appointed as Director pursuant to the General Ordinary and Extraordinary Shareholders' Meeting minutes No. 42,&#160;and President pursuant to the Board of Directors Minutes No. 369, both dated April 30, 2015.</div>

<div style="FONT-VARIANT: normal; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: small"><br>
</div>

<br>
<br>
</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small; FONT-WEIGHT: bold">&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade="noshade">
</div>
</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small; FONT-WEIGHT: bold">SIGNATURE</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small"></div>
</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 27pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 27pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 27pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 27pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="2d3abc6ec7684db8b53066eedea863b6" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 37px">
<td style="FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 50%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">&#160;</td>
<td style="WIDTH: 41%" valign="middle" colspan="2" align="left">
<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; FONT-WEIGHT: bold; MARGIN-RIGHT: 0pt">YPF Sociedad An&#243;nima</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt"></div>
</td>
<td style="FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 9%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">&#160;</td>
</tr>

<tr>
<td style="PADDING-BOTTOM: 2px; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 50%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">Date: April 4, 2016</div>
</td>
<td style="PADDING-BOTTOM: 2px; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 6%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">By:</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 35%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">/s/ <font style="DISPLAY: inline">Diego Cela&#225;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 9%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">&#160;</td>
</tr>

<tr>
<td style="FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 50%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">&#160;</td>
<td style="WIDTH: 6%" valign="middle" align="left">
<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Name:</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Title:</div>
</td>
<td style="WIDTH: 35%" valign="middle" align="left">
<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Diego Cela&#225;</div>

<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 0pt; FONT-SIZE: small; MARGIN-RIGHT: 0pt">Market Relations Officer</div>
</td>
<td style="FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 9%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: small" valign="middle" align="left">&#160;</td>
</tr>
</table>
</div>

<br>
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>ypflogo_new.jpg
<TEXT>
begin 644 ypflogo_new.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1"B17AI9@  34T *@    @ ! $[  (
M   0   (2H=I  0    !   (6IR=  $    @   0>NH<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 $)U>F%G;&\L
M(%-A;F1R80   >H<  <   @,   (;      <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
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M!0$! 0$! 0           0(#! 4&!P@)"@O_Q "U$  " 0,# @0#!04$!
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MOF/_ -"%*7PL<?B1Z]1117BGM!7E_C#_ )&R\_X!_P"@+7J%>7^,/^1LO/\
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##__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
