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RELATED PARTIES´ TRANSACTIONS

12 Months Ended

Dec. 31, 2022

NOTE 16: RELATED PARTIES´ TRANSACTIONS

16.1

Balances with related parties

As of December 31, 2022 Trade receivables Other receivables Trade payables

Current Non-current Current Current

Associates and joint ventures

TGS 5 17 6 7

Other related parties

SACDE - - - 7

Other - - 1 -

5 17 7 14

As of December 31, 2021 Trade receivables Other receivables Trade payables

Current Non-current Current Current

Associates and joint ventures

OCP - - 2 -

Refinor 1 - - 2

TGS 6 23 5 3

Other related parties

SACDE - - - 10

Other - - 1 -

7 23 8 15

16.2 Operations with related parties

Operations for the year Sales of goods and services ⁽¹⁾ Purchases of goods and services ⁽²⁾ Fees for services ⁽³⁾ Other operating expenses and income ⁽⁴⁾

2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020

Associates and joint ventures

CTB 2 2 2 - - - - - - - - -

Greenwind - 1 1 - - - - - - - - -

Refinor 11 9 10 (11) (6) (5) - - - - - -

TGS 51 45 20 (53) (43) (24) - - - - - -

Other related parties

Fundación - - - - - - - - - (2) (2) (2)

SACDE - - - (203) (48) (6) - - - - - -

Salaverri, Dellatorre, Burgio & Wetzler - - - - - - (1) (1) (1) - - -

64 57 33 (267) (97) (35) (1) (1) (1) (2) (2) (2)

⁽¹⁾ Corresponds mainly to advisory services provided in the field of technical assistance and sales of gas and refined products.

⁽²⁾ Correspond to natural gas transportation services, purchases of refined products and other services imputed to cost of sales for US$ 191 million, US$ 50 million and US$ 29 million and infrastructure works contracted to SACDE imputed in property, plant and equipment for US$ 76 million, US$ 47 million and US$ 6 million, of which US$ 38 million, US$ 17 million and US$ 2 million correspond to fees and general expenses calculated on the costs incurred by SACDE and/or Pampa to carry out these for the years ended December 31, 2022, 2021 and 2020, respectively.

⁽³⁾ Disclosed within administrative expenses.

⁽⁴⁾ Corresponds mainly to donations.

Operations for the year Finance income ⁽¹⁾ Dividends received Payment of dividends

2022 2021 2020 2022 2021 2020 2022 2021 2020

Associates and joint ventures

Citelec - - - - - 13 - - -

OCP - 1 1 10 20 21 - - -

TGS 2 3 3 - - - - - -

Other related parties

EMESA - - - - - - - - (9)

Other - - - - - 1 - - -

2 4 4 10 20 35 - - (9)

⁽¹⁾ Corresponds mainly to financial leases and accrued interest on loans granted.

16.3 Key management personnel remuneration

During the years ended December 31, 2022 2021 and 2020, the total remuneration to executive directors accrued amounts to US$ 26 million (US$ 7 million for Directors' and Sindycs' fees and US$ 19 million in the accrual of Stock-based Compensation Plans and Compensation Agreements), US$ 7 million (US$ 6 million for Directors' and Sindycs' fees and US$ 1 million in the accrual of Stock-based Compensation Plans and Compensation Agreements ), and US$ 7 million (US$ 6 million for Directors' and Sindycs' fees and US$ 1 million in the accrual of EBDA Compensation and Stock-based Compensation Plans), respectively.

It should be noted that, as stipulated in the compensation agreements (See Note 4.17.1), and considering that no compensation had been assigned in favor of the Company’s main officers over the last three fiscal years, on September 30, 2021 they exercised the right to set the Company’s ADR weighted average listed price over the 30 business exchange days before the closing of year 2020 as the new initial market value to calculate compensations as from fiscal year 2021. Following the exercise of this option, the officers have lost all their rights to accrued and uncollected compensations for the previous fiscal years, which generated the recognition of a profit of US$ 6.7 million as of December 31, 2021.