<SEC-DOCUMENT>0000893838-17-000039.txt : 20170505
<SEC-HEADER>0000893838-17-000039.hdr.sgml : 20170505
<ACCEPTANCE-DATETIME>20170505153630
ACCESSION NUMBER:		0000893838-17-000039
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170505
FILED AS OF DATE:		20170505
DATE AS OF CHANGE:		20170505

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:		17818173

	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>ypf6k05052017-1.htm
<DESCRIPTION>LETTER DATED APRIL 28, 2017
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<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>

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<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>

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<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 May, 2017</div>

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<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>

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<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>
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<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>

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<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>

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<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>

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<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 April 28, 2017</div>

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<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, April 28, 2017</div>

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<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>

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<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>:&#160; General Ordinary and Extraordinary Shareholders' Meeting of YPF S.A. held on April 28, 2017 &#8212; Summary</div>
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<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>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The purpose of this letter is to comply with the requirements of Article 79 of the Merval Listing Regulations.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">In that connection, YPF S.A. ("YPF") hereby informs that on April 28, 2017, after having complied with all applicable legal requirements, the General Ordinary and Extraordinary Shareholders' Meeting of YPF was convened at 10:00 AM at the corporate headquarters, with 93.32% of YPF's outstanding capital stock represented.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">Below is a description of the resolutions adopted upon consideration and discussion of each of the matters on the agenda:</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">1. Appointment of two shareholders to sign the minutes of the meeting.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The Shareholders' meeting resolved by a majority of computable votes to designate the representatives of Fondo de Garant&#237;a de Sustentabilidad del R&#233;gimen Previsional P&#250;blico de Reparto -ANSES- Ley 26,425 and the Argentine National Government - Ministry of Energy and Mining for Class "A" to sign the minutes.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">2. Exemption from the preemptive offer of shares to shareholders pursuant to Article 67 of Law No. 26,831 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.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The Shareholders' meeting resolved by a majority of computable votes to exempt the preemptive offer of shares as provided in Article 67 of Law No. 26,831 for the authorization to deliver in a timely manner the treasury shares acquired to beneficiary employees of the Long-Term Stock-based Compensation Program.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">3. 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. 40, which began on January 1, 2016 and ended on December 31, 2016.</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The Shareholders' meeting resolved by a majority of computable votes to approve the documentation under consideration, without modifications.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">4.&#160;Consideration of the results for the fiscal year ended December 31, 2016. Absorption of losses in accordance with the order of allocation of balances determined by the National Securities Commission Regulations. Constitution of reserves. Declaration of dividends.</div>

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<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 Shareholders' meeting resolved by a majority of computable votes to approve the following: (a) the complete elimination of the special reserve for initial adjustment for implementation of IFRS in accordance with the provisions of Article No.10, Chapter III, Title IV of the Argentina National Securities Commission (Comisi&#243;n Nacional de Valores) Rules (T.O. 2013), the reserve for future dividends, the reserve for purchasing YPF shares and the reserve for investments; (b) to fully absorb accumulated losses in Retained Earnings of up to Ps. 28,231 million against amounts corresponding to discontinued reserves for up to that amount; and (c) to allocate the remainder of the discontinued reserves as follows: (i) Ps. 100 million to establish a reserve for purchasing YPF shares, in order to make it possible for the Board of Directors to acquire YPF shares when they consider it opportune, and to fulfill commitments under the bonus and incentive plans, both currently existing and those that may arise in the future; and (ii) Ps. 716 million to a reserve for the payment of dividends, authorizing the Board of Directors to determine when to distribute such dividends prior to the end of the fiscal year.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">5.&#160;&#160;Determination of remuneration for the Independent Auditor for the fiscal year ended December 31, 2016.</div>

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<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 Shareholders' meeting resolved by a majority of computable votes to approve a remuneration of Ps.&#160;23,479,686 for Deloitte &amp; Co. S.A. for its audit services as Independent Auditor for the annual accounting documentation as of December 31, 2016 and the quarterly information as of 2016.</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">6.&#160;&#160;Appointment of the Independent Auditor who will report on the annual financial statements as of December 31, 2017 and determination of its remuneration.</div>

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<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 Shareholders' meeting resolved by a majority of computable votes to&#160;approve the following: a) to designate Deloitte &amp; Co. S.A. as the external independent auditor of YPF's annual accounting documentation as of December 31, 2017; and b) that Deloitte &amp; Co. S.A.'s compensation will be set by the Shareholders' Meeting that reviews the accounting documentation corresponding to the 2017 fiscal year, it being noted that Messrs. Fernando Gabriel del Pozo and Ricardo C&#233;sar Ruiz have been designated, without distinction, as certifying accountants for Deloitte &amp; Co. S.A.</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">7.&#160;&#160;Consideration of the performance of the Board of Directors and the Supervisory Committee during the fiscal year ended December 31, 2016.</div>

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<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 Shareholders' Meeting resolved by a majority of computable votes to approve the performance of the Board of Directors and the Supervisory Committee for the fiscal year ended on December 31, 2016.</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">8. Consideration of the remuneration to the Board of Directors for Ps. 122,304,678 for the fiscal year ended December 31, 2016, which resulted in computable impairment in accordance with the National Securities Commission Regulations (T.O.2013).</div>

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<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 Shareholders' Meeting resolved by a majority of computable votes to approve a total remuneration of Ps.&#160;122,304,678 for the Board of Directors for the fiscal year ended December 31, 2015.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">9. Remuneration of the Supervisory Committee for the fiscal year ended on December 31, 2016.</div>

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<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 Shareholders' Meeting resolved by a majority of computable votes to approve a total remuneration of Ps. 4,185,000 for the Supervisory Committee for the fiscal year ended December 31, 2016.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">10. Determination of the number of regular and alternate members of the Supervisory Committee.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">A majority of computable votes voted to set the number of members of the Supervisory Committee of YPF at three (3) regular members and three (3) alternate members.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify"><font style="FONT-WEIGHT: bold">11. Appointment of one regular and one alternate member of the Supervisory Committee for the Class A shares.</font>&#160;</div>

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<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 Argentine National Government designated, at a Special Class A Shareholder's Meeting, Messrs. Alejandro Fabi&#225;n D&#237;az and Guillermo Stok as the regular and alternate members of the Supervisory Committee, respectively, for the statutory period of one fiscal year.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">12. Appointment of the regular and alternate members of the Supervisory Committee for the Class D shares.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">A majority of computable votes of Class D shares voted to designate Ms. Mar&#237;a Dolores Pujol and Ms. Raquel In&#233;s Orozco as regular members of the Supervisory Committee and Mr. Carlos Manuel Vidal and Ms. Mar&#237;a Rosa Eckard as alternate members of the Supervisory Committee.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">13. Determination of the number of regular and alternate members of the Board of Directors.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">A majority of computable votes voted to set the number of members of the Board of Directors at fifteen (15) regular members and twelve (12) alternate members.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">14. Appointment of one regular and one alternate Director for the Class A shares and determination of their tenure.</div>

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<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 Argentine National Government designated, at a Special Class A Shareholders' Meeting, Emilio Jos&#233; Apud as a regular Director with a tenure of one fiscal year.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">15. Appointment of the regular and alternate Directors for Class D shares and determination of their tenure.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">A majority of computable votes of Class D shares voted to: (i) designate as regular Directors Messrs. Miguel &#193;ngel Guti&#233;rrez, Roberto Luis Monti, Norberto Alfredo Bruno, N&#233;stor Jos&#233; Di Pierro, Juan Franco Donnini, Gabriel Alejandro Fidel, Juan Carlos Abud, Carlos Alberto Felices, Daniel Gustavo Montamat, Fabi&#225;n Jorge Rodr&#237;guez Sim&#243;n, In&#233;s Mar&#237;a Leopoldo, Daniel Alberto Kokogian, Octavio Oscar Frigerio and, Luis Augusto Domenech, each with a tenure of one fiscal year, and (ii) designate as alternate Directors Messrs. Gerardo Dami&#225;n Canseco, Alejandro Rodrigo Monteiro, Luis Gustavo Villegas, Lucio Mario Tamburo, Miguel Lisandro Nieri, Daniel Cristi&#225;n Gonz&#225;lez Casartelli, Carlos Alberto Alfonsi, Fernando Ra&#250;l Dasso, Fernando Pablo Giliberti, Santiago Mart&#237;nez Tanoira and Marcos Miguel Browne, each with a tenure of one fiscal year.</div>
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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">16. 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, 2017.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">A majority of computable votes voted to authorize the Board of Directors to make payments to the accounts of Directors and members of the Supervisory Committee for an amount up to Ps. 48,300,000 for the 2017 fiscal year, after having delegated to the Board of Directors the distribution of the proposed amount as a prepayment.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">17. Consideration of the merger by absorption by YPF S.A., as absorbing company, of YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., YSUR Recursos Naturales S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and Petrolera TDF Company S.R.L., as the absorbed companies, in accordance with Article 82 et. seq. of the General Corporations Law (Ley General de Sociedades), Article 77, Article 78 et. seq. and consistent norms of the Profit Tax Law (Ley de Impuesto a las Ganancias), as amended, and Article 105 to Article 109 of its regulatory decree.</div>

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<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 Shareholders' meeting resolved by a majority of computable votes to approve the merger by absorption by YPF of YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., YSUR Recursos Naturales S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and Petrolera TDF Company S.R.L., absorbed companies that will be dissolved without liquidation, in accordance with Article 82 et. seq. of the General Corporations Law No. 19,550, and the procedures leading to such corporate reorganization, effective as of January 1, 2017.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">18. 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., YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., YSUR Recursos Naturales S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and Petrolera TDF Company S.R.L., each as of December 31, 2016, and the corresponding Supervisory Committee and Independent Auditor reports.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The Shareholders' meeting resolved by a majority of computable votes to approve: (i) the use of the individual annual financial statements of YPF for the year ended December 31, 2016 reviewed and approved by YPF's Board of Directors, and the individual annual financial statements of YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., YSUR Recursos Naturales S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and Petrolera TDF Company S.R.L. approved by their respective management bodies, for purposes of the financial statements required by Article 83, first paragraph, section (b) of the General Corporations Law No. 19,550 and other applicable regulations; and (ii) the Consolidated Assets Merger Balance Sheet of YPF, YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., YSUR Recursos Naturales S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and Petrolera TDF Company S.R.L. as of December 31, 2016, for purposes of the financial statements required by Article 83, fourth paragraph, section (d) of the General Corporations Law No. 19,550 and other applicable regulations, which include their respective Notes and Independent Auditor and Supervisory Committee reports.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">19. Consideration of the Prior Merger Agreement and the Merger by Absorption Prospectus.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The Shareholders' meeting resolved by a majority of computable votes to approve the following: (i) the Prior Merger Agreement between YPF, YSUR Participaciones S.A.U., YSUR Inversiones Petroleras S.A.U., YSUR Inversora S.A.U., YSUR Petrolera Argentina S.A., YSUR Recursos Naturales S.R.L., YSUR Energ&#237;a Argentina S.R.L., Petrolera LF Company S.R.L. and Petrolera TDF Company S.R.L.; and (ii) the text of the Merger by Absorption Prospectus.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">20. Authorization to sign the Definitive Merger Agreement in the name of and in representation of the Company.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: justify">The Shareholders' meeting resolved by a majority of computable votes to approve the following: (i) to authorize the Directors of YPF, without distinction, to enter into, in the name and representation of YPF, the Definitive Merger Agreement in accordance with Article 83, paragraph 4 of the General Corporations Law No. 19,550; and (ii) to authorize the previously authorized individuals and Ricardo Darr&#233;, Daniel Gonz&#225;lez, Germ&#225;n Fern&#225;ndez Lahore, Lorena S&#225;nchez and/or any of their designees, without distinction, to make all legal filings and represent YPF before the CNV, the Superintendency of Corporations (Inspecci&#243;n General de Justicia), the Buenos Aires Stock Market (Mercado de Valores de Buenos Aires) and the Federal Administration of Public Revenue (Administraci&#243;n Federal de Ingresos P&#250;blicos) and any other regulatory body or entity with the power to adopt the proposed modifications, public or private, in order to obtain the applicable authorizations and registrations proposed by the aforementioned entities and to execute any public or private instrument and corresponding documents to effect the merger.</div>

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<div style="FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal; TEXT-ALIGN: justify">21. Consideration of the extension of the term of the Company's Global Medium Term Negotiable Obligations Program.</div>

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<div style="MARGIN-BOTTOM: 10pt; FONT-SIZE: small; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-ALIGN: left">The Shareholders' meeting resolved by a majority of computable votes to approve the extension of the term of YPF's Global Medium-Term Note Program for a period of five (5) years.</div>
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<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date: May 5, 2017</div>
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<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>
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 Market Relations Officer</div>
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##__9

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