<SEC-DOCUMENT>0000893838-17-000022.txt : 20170315
<SEC-HEADER>0000893838-17-000022.hdr.sgml : 20170315
<ACCEPTANCE-DATETIME>20170315165836
ACCESSION NUMBER:		0000893838-17-000022
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170315
FILED AS OF DATE:		20170315
DATE AS OF CHANGE:		20170315

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:		17691900

	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>ypf6k03152017.htm
<DESCRIPTION>LETTER DATED MARCH 9, 2017
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: Chadbourne & Parke LLP
    Document created using EDGARfilings PROfile 4.2.1.0
    Copyright 1995 - 2017 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>&#160;&#160;

<div>&#160;

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

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

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

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

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

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

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

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

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

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

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

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

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

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">For the month of March, 2017</div>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

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

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

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

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

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; WIDTH: 100%"></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="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">YPF Sociedad An<font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#243;</font>nima</div>

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

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

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

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

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

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

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;&#160; 1&#160;&#160;&#160; Translation of letter to the Buenos Aires Stock Exchange dated March 9, 2017</div>

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

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

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

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

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

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

<div id="HDR"><img src="ypflogo_new.jpg"></div>
</div>

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

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

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

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

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: right; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Autonomous City of Buenos Aires, March 9, 2017</div>

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

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

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

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

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

<div style="TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div style="TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<table id="68cdad568bfd4f7590827ae88269acc6" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr style="HEIGHT: 31px" valign="top">
<td style="FONT-SIZE: small; FONT-VARIANT: normal; WIDTH: 961px">
<div style="FONT-FAMILY: times new roman; DISPLAY: inline"></div>
</td>
<td style="FONT-SIZE: small; FONT-VARIANT: normal; WIDTH: 614px">
<div style="FONT-FAMILY: Times New Roman; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline; DISPLAY: inline">Re</font>: Consideration of merger by absorption by YPF S.A. of YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., Petrolera TDF Company S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and YSUR Recursos Naturales S.R.L.</div>
</td>
</tr>
</table>
</div>

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

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

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0.9pt; TEXT-INDENT: 35.4pt">
<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The purpose of this letter is to comply with the requirements of Article 23 of Chapter VII of the Buenos Aires Stock Exchange Regulations.</div>

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">In that regard, please be advised that the Board of Directors of YPF S.A. ("YPF"), at its meeting on March 9, 2017, approved the merger by absorption by YPF of YSUR Holdings S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., Petrolera TDF Company S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and YSUR Recursos Naturales S.R.L., whereby these companies will be dissolved without liquidation, as well as the procedures to effectuate this corporate reorganization, with an effective date of January 1, 2017.</div>

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">On the same date, YPF, as the absorbing company, and YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., Petrolera TDF Company S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L., and YSUR Recursos Naturales S.R.L., as the merged companies, signed a Preliminary Merger Agreement, through which YPF will incorporate the absorbed companies, with retroactive effect as of January 1, 2017. This was done on the basis of the annual financial statements of each of the companies as of December 31, 2016, to be used as special merger balance sheets and the special merger consolidated balance sheet as of the same date.</div>

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">Since YPF is a direct and indirect holder of 100% of the shares of YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., Petrolera TDF Company S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L., and YSUR Recursos Naturales S.R.L., YPF's share capital will not be increased nor will new shares be issued, nor will there be any exchange ratio as a result of the merger.</div>

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left">The aforementioned merger must be submitted for consideration and approval of the respective Extraordinary Shareholders' Meetings of the respective companies and is subject to compliance with the relevant legal procedures and obtaining regulatory approvals.</div>

<br>
 Yours faithfully,</div>

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

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

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

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

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

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

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

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

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

<div>&#160;</div>

<div style="TEXT-ALIGN: center">&#160;</div>

<div>&#160;</div>

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

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

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

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

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

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

<div>
<table id="804c2dc6d61f4b109577944a86d2aa37" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 37px">
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 50%" valign="middle" align="left">&#160;</td>
<td style="WIDTH: 41%" valign="middle" colspan="2" align="left">
<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">YPF Sociedad An&#243;nima</div>

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

<tr>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; PADDING-BOTTOM: 2px; FONT-STYLE: normal; WIDTH: 50%" valign="middle" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date: March 15, 2017</div>
</td>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; PADDING-BOTTOM: 2px; FONT-STYLE: normal; WIDTH: 6%" valign="middle" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By:</div>
</td>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; BORDER-BOTTOM: black 2px solid; FONT-STYLE: normal; WIDTH: 35%" valign="middle" align="left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">/s/&#160;<font style="DISPLAY: inline">Diego Cela&#225;</font></div>
</td>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; PADDING-BOTTOM: 2px; FONT-STYLE: normal; WIDTH: 9%" valign="middle" align="left">&#160;</td>
</tr>

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

<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Title:</div>
</td>
<td style="WIDTH: 35%" valign="middle" align="left">
<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Diego Cela&#225;<br>
 Market Relations Officer</div>
</td>
<td style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 9%" valign="middle" align="left">&#160;</td>
</tr>
</table>
</div>

<br>
</div>

<div>&#160;</div>

<div>&#160;</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>
