<SEC-DOCUMENT>0001193125-25-077046.txt : 20250410
<SEC-HEADER>0001193125-25-077046.hdr.sgml : 20250410
<ACCEPTANCE-DATETIME>20250409213915
ACCESSION NUMBER:		0001193125-25-077046
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250409
FILED AS OF DATE:		20250410
DATE AS OF CHANGE:		20250409

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YPF SOCIEDAD ANONIMA
		CENTRAL INDEX KEY:			0000904851
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				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:		25826314

	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>d904444d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">6-K</FONT></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF
FOREIGN PRIVATE ISSUER </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO RULE <FONT STYLE="white-space:nowrap">13A-16</FONT> OR
<FONT STYLE="white-space:nowrap">15D-16</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of April 2025 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: <FONT STYLE="white-space:nowrap">001-12102</FONT></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>YPF Sociedad An&oacute;nima </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Macacha
G&uuml;emes 515 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>C1106BKK Buenos Aires, Argentina </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive office) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by
check mark whether the registrant files or will file annual reports under cover of Form <FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT STYLE="white-space:nowrap">40-F:</FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form <FONT STYLE="white-space:nowrap">20-F&#8194;&#9746;&#8195;&#8195;&#8195;Form</FONT>
<FONT STYLE="white-space:nowrap">40-F&#8194;&#9744;</FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>YPF Sociedad An&oacute;nima </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM 1</B><B>
</B>Translation of YPF Sociedad An&oacute;nima Proposals of the Board of Directors to Shareholder regarding the Items of the Agenda for the General Ordinary and Extraordinary and Special Ordinary Class&nbsp;A and Class&nbsp;D Shareholders&acute;
Meeting to be held on April&nbsp;30, 2025. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g904444g0405021322337.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px;background-color:;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B>Proposals of the Board of Directors to YPF S.A.&acute;s Shareholders regarding the Items of the Agenda for the General
Ordinary and Extraordinary and Special Ordinary Class&nbsp;A and D Shareholders&acute; Meeting called for April&nbsp;30, 2025, available as of April&nbsp;9, 2025. </B></P></div>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;1. Appointment of two shareholders to sign the minutes of the Meeting. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors of YPF S.A. proposes to the Shareholders&#146; Meeting of the Company that the two shareholders to sign the minutes be the
representative appointed by Class&nbsp;A shares owned by the Argentine Government - Secretary of Energy - Ministry of Economy, and the representative of shares owned by the Sustainability Guarantee Fund (<I>Fondo de Garant&iacute;a de
Sustentabilidad - FGS</I>) of the Public Social Security System - Argentine Social Security Administration (<I>ANSES</I>) - Law No.&nbsp;26,425. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;2. Consideration of the Annual Report, Information Overview, Inventory, Statements of Financial Position, Statements of Comprehensive Income,
Statements of Changes in Shareholders&#146; Equity, Statements of Cash Flow, individual and consolidated with its respective notes and related documentation, and the Report of the Supervisory Committee and Independent Auditor, corresponding to
Fiscal Year No.&nbsp;48, which began on January&nbsp;1, 2024 and ended on December&nbsp;31, 2024. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors considered and approved the
aforementioned documents and proposes to the Shareholders&acute; Meeting of the Company its approval. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please find the Company&#146;s individual and
consolidated Financial Statements and Annual Report for fiscal year beginning January&nbsp;1, 2024 and ended December&nbsp;31, 2024 published on the website of the Argentine Securities Commission (&#147;CNV&#148;) at: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Individual Financial Statements: </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>https://aif2.cnv.gov.ar/presentations/publicview/90820fa8-a277-4b4e-acc9-73a71b288ca4</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Consolidated Financial Statements (in Spanish): </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>https://aif2.cnv.gov.ar/presentations/publicview/78e569d4-d5ef-4d45-b6dd-3005ce51f9f5</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Consolidated Financial Statements (in English):</U> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">https://investors.ypf.com/r/documents.html?p=financial-information/YPF%20S.A.%20-%20Form%206-K%20(FS)%20Dic%2024%</FONT></FONT></FONT> <FONT
STYLE="white-space:nowrap">20%5BAs%20-%20Filed%5D.pdf</FONT></U> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;3. Consideration of the accumulated results as of December&nbsp;31, 2024.
Constitution of voluntary reserves. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors proposes to the Shareholders&acute; Meeting, after deducting the amounts whose distribution
is restricted, i.e. the amount of de $72,137&nbsp;million, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To fully release the reserve for investments and the reserve for purchase of treasury shares.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To allocate $34,205&nbsp;million to constitute a reserve for purchase of treasury shares, in order to grant the
Board of Directors the possibility to purchase the Company&#146;s own shares at the time it deems appropriate for their allocation to the share-based benefit plans (in accordance with Articles 64 and 67 of Capital Markets Law).
</P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To allocate $6,787,343&nbsp;million to constitute a reserve for investments under the terms of Article 70,
paragraph 3 of the Argentine General Corporations Law. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;4. Waiver of the preemptive offer of shares to shareholders
pursuant to Article 67 of Law No.&nbsp;26,831 regarding the long-term share compensation plans for employees, through the acquisition of shares of the Company in accordance with Article 64 et. seq. of Law No.&nbsp;26,831. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">According to the Board of Directors&#146; Annual Report and the Financial Statements as of December&nbsp;31, 2024, the Board of Directors proposed to the
Shareholders&#146; Meeting to allocate the amount of $34,205&nbsp;million to constitute the creation of a reserve to acquire shares of the Company, in order to grant the Board of Directors the possibility to acquire the Company&#146;s own shares, in
a timely manner, in order to allocate them to the share-based benefit plans (in accordance with Articles 64 and 67 of Law No.&nbsp;26,831), consistent with the bonus and incentive plans carried out by the Company. Therefore, in the event that the
Meeting approves the creation of such reserve, the Company may acquire its own shares and create a new Long-Term Share-Based Compensation Program (the &#147;New Program&#148; or &#147;Program 2025&#148;). It is expected that the Company shall
establish the New Program during the course of the current year once the necessary approvals have been obtained. In the case of plans payable in shares of the issuing company, current legislation in force requires the approval of the
shareholders&#146; meeting regarding the exemption of the preemptive offer of the shares and the creation of a reserve aimed to acquire shares of the Company, where applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In this regard, the Board of Directors proposes to the Shareholders&#146; Meeting of the Company to approve the waiver of the preemptive offer of shares as
provides in Article 67 of Law No.&nbsp;26,831 in order to deliver the acquired shares of the Company to the beneficiary employees of each Program, a timely manner, in order to comply with the New Program or the programs created or to be created, as
the case may be. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;5. Determination of the fees payable to the Independent Auditor for the fiscal year ended December&nbsp;31, 2024. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors resolved to propose to the Shareholders&acute; Meeting<B> </B>of the Company, to set a remuneration of $2,766,173,682 to
Deloitte&nbsp;&amp; Co. S.A. for its audit services as Independent Auditor for the accounting documentation as of December&nbsp;31, 2024, and the quarterly information as of 2024. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;6. Appointment of the Independent Auditor who shall render an opinion on the annual financial statements as of December&nbsp;31, 2025. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Audit Committee has assessed the performance of Deloitte&nbsp;&amp; Co. S.A., and issued a favorable opinion, raising no objections to such firm in the
event that the Shareholders&#146; Meeting appoints it as Independent Auditor of the Company to report on the annual financial statements as of December&nbsp;31, 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Along these lines, the Board of Directors resolved to propose to the Shareholders&acute; Meeting<B> </B>of the Company of the Company, to appoint
Deloitte&nbsp;&amp; Co. S.A. as independent auditor of the Company to report on the annual financial statements as of December&nbsp;31, 2025, informing that, in compliance with the provisions of Articles 22 and 23 of Chapter III Title II of the CNV
rules, Messrs. Guillermo Daniel Cohen and Diego Octavio de Vivo as certifying accountants, and Mr.&nbsp;Nicol&aacute;s Ariel Fiorentino as alternate certifying accountant, have filed the affidavits required under the applicable regulations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;8. Consideration of the Remuneration of the Board of Directors for the fiscal year ended December&nbsp;31, 2024. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In relation with the Board of Directors&acute; fees for the fiscal year ended December&nbsp;31, 2024, it is informed that: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">(i) The General Ordinary and Extraordinary and Special Ordinary General Shareholders&#146; Meeting of Classes A
and D held on April&nbsp;26, 2024 authorized the Board of Directors to pay advance </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
compensations to the Directors and Supervisory Committee members for the fiscal year 2024 for up to a total amount of $10,189,823,464; and that (ii)&nbsp;during the fiscal year ended
December&nbsp;31, 2024, the amount of $7,556,617,007 was assigned as fees, compensations and remunerations on all accounts to the Board of Directors. The under-execution of fees corresponds to an unfilled director vacancy, the modification in the
composition of Board committees (Audit Committee, Risks and Sustainability Committee, Legal and Institutional Affairs Committee, Compensation and Nomination Committee), the resignation of fees submitted by the Directors Guillermo Francos and
Jos&eacute; Rolandi, and to the variation in the inflation adjustment guideline lower than that considered for the calculation of the aforementioned fees. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Board of Directors considers that the remuneration allocated to its members during the fiscal year under
consideration is adequate and reasonable, as it takes into account the responsibilities of each director, the inclusion of the CEO&#146;s remuneration, the performance of special commissions and/or technical-administrative functions, if any; the
time dedicated to their functions, and that the value of their services is of market value and comparable to companies whose main activity and size is similar to that of the Company; based on the analysis carried out by the Vice-Presidency of People
and Culture and the Compensation and Nomination Committee, and the particular circumstances of the Company. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on the foregoing, the
Board of Directors proposes to the Shareholders of the Company to approve the amount of $7,556,617,007 as remunerations, fees and compensations on all accounts of the Board of Directors for the fiscal year ended December&nbsp;31, 2024. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;9. Consideration of the Remuneration of the Supervisory Committee for the fiscal year ended December&nbsp;31, 2024. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors proposes to the Shareholders&#146; Meeting of the Company to approve the amount of $357,171,064 as remunerations of the Supervisory
Committee for fiscal year ended December&nbsp;31, 2024. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;10. Determination of the number of regular and alternate members of the Supervisory
Committee. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors resolved to propose that the Supervisory Committee should be composed of three (3)&nbsp;regular members and three
(3)&nbsp;alternate members. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;12. Appointment of the regular and alternate members of the Supervisory Committee for Class&nbsp;D shares.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors proposes to the Shareholders&#146; Meeting of the Company to appoint Messrs. Santiago Carlos Lazzati and Juan Andr&eacute;s
Gelly y Obes as regular members of the Supervisory Committee for Class&nbsp;D shares and Messrs. Alejandro Poli and Alfredo Cayetano Cogorno as alternate members of the Supervisory Committee for Class&nbsp;D shares, all of them for the statutory
period of one fiscal year. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;13. Determination of advance compensation 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&nbsp;1, 2025. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors proposes to the Shareholders&#146;
Meeting of the Company to approve the payment of advanced compensation to Directors and members of the Supervisory Committee for fiscal year 2025 for up to an amount of $11,096,174,942. The proposal considers the fees corresponding to the positions
held in the Board of Directors and in the respective Committees (Audit Committee, Risks and Sustainability Committee, Legal and Institutional Affairs Committee, Compensation and Nomination Committee), the inclusion of the CEO&#146;s remuneration,
the performance of special commissions and technical-administrative functions, if any; an adjustment guideline according to the REM (February 2025) estimated at 23%; the time dedicated to their functions, as well as the projections for the purpose
of maintaining the market positioning. It is noted that Directors Guillermo Francos and Jos&eacute; Rolandi have submitted the resignation to their fees. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In view of the foregoing, and based on the analysis made by the Compensation and Nomination Committee of the
Board of Directors on the basis of market information provided by a consulting firm specialized in the matter, it is considered that the proposed remunerations are adequate and reasonable and that the value of their services is in line with the
markets comparable to the activity and size of the Company. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&#8201;14. Update of the Company&acute;s
<FONT STYLE="white-space:nowrap">ex-employees</FONT> rehiring policy. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with the external legal advice requested, the <FONT
STYLE="white-space:nowrap">re-employment</FONT> of former employees who left the Company due to resignation, dismissal, or mutual agreement (Section 241 of the Labor Contract Law or &#147;LCT&#148;) would in the future entail, in the event of
involuntary termination (dismissal or mutual agreement), a significantly higher cost for the Company. This is because labor regulations establish that, for the purpose of calculating severance pay<B>, </B>the length of service must include the total
time accumulated in both employment periods<I>&#151;</I>from the <FONT STYLE="white-space:nowrap">re-employment</FONT> date and for all purposes<I>.</I> This circumstance is expressly provided for in Sections 18 and 255 of the LCT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For this reason, it is advisable to limit the <FONT STYLE="white-space:nowrap">re-employment</FONT> of former employees who left the Company due to
resignation, dismissal or mutual agreement. In the specific case of former employees who resigned, it is recommended to apply the <FONT STYLE="white-space:nowrap">re-employment</FONT> limitation to those who, in their previous employment
relationships with the Company, have accumulated 15 or more years of service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accordingly, the Board of Directors proposes to the Shareholders&#146;
Meeting of the Company to incorporate into the personnel <FONT STYLE="white-space:nowrap">re-employment</FONT> policy, as approved by Minutes of the Board No.&nbsp;9, dated April&nbsp;17, 1991 (Resolution No.67/1991), and Minutes of the Meeting
N&deg;3 bis, dated October&nbsp;3, 1991, the limitations on <FONT STYLE="white-space:nowrap">re-employment</FONT> applicable to cases of termination by mutual agreement, as well as by resignation, provided that in the latter case the individual has
15 years or more of service with the Company. In both of the aforementioned cases, the respective <FONT STYLE="white-space:nowrap">re-employment</FONT> shall require the express authorization of the Shareholders&#146; Meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Board of Directors </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">YPF S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">************** </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="44%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="5%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>YPF Sociedad An&oacute;nima</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: April&nbsp;9, 2025</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Margarita Chun</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Margarita Chun</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Market Relations Officer</TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g904444g0405021322337.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g904444g0405021322337.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  ] )T# 2(  A$! Q$!_\0
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M616OHG2?_@/]:4_A*A\1D4JLR,&5BK Y!!P0:2BJ(/>OAEX\.O6PTC4Y<ZG
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I% !1110 4444 %%%% !6OHG2?_@/]:R*U]$Z3_\  ?ZU,_A+A\1__]D!

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