<SEC-DOCUMENT>0001292814-24-003369.txt : 20240906
<SEC-HEADER>0001292814-24-003369.hdr.sgml : 20240906
<ACCEPTANCE-DATETIME>20240906060226
ACCESSION NUMBER:		0001292814-24-003369
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240930
FILED AS OF DATE:		20240906
DATE AS OF CHANGE:		20240906

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pampa Energy Inc.
		CENTRAL INDEX KEY:			0001469395
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34429
		FILM NUMBER:		241282855

	BUSINESS ADDRESS:	
		STREET 1:		MAIPU 1
		CITY:			CITY OF BUENOS AIRES
		STATE:			C1
		ZIP:			C1084ABA
		BUSINESS PHONE:		54-11-4809-9500

	MAIL ADDRESS:	
		STREET 1:		MAIPU 1
		CITY:			CITY OF BUENOS AIRES
		STATE:			C1
		ZIP:			C1084ABA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pam20240905_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Washington, D.C.
20549</B></P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>FORM 6-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>REPORT OF FOREIGN
ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>SECURITIES EXCHANGE
ACT OF 1934</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>For the month of&nbsp;September,
2024</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>(Commission File
No. 001-34429),</B></P>

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: #A0A0A0">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>PAMPA ENERGIA S.A.<BR>
(PAMPA ENERGY INC.)</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Argentina</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><I>(Jurisdiction of
incorporation or organization)</I></P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Maip&uacute; 1<BR>
C1084ABA<BR>
City of Buenos Aires<BR>
Argentina</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><I>(Address of principal
executive offices)</I></P>

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: #A0A0A0">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">(Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)<BR>
<BR>
Form 20-F ___X___ Form 40-F ______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center; background-color: white">(Indicate
by check mark whether the registrant by furnishing the<BR>
information contained in this form is also thereby furnishing the<BR>
information to the Commission pursuant to Rule 12g3-2(b) under<BR>
the Securities Exchange Act of 1934.)<BR>
<BR>
Yes ______ No ___X___</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">(If &quot;Yes&quot;
is marked, indicate below the file number assigned to the<BR>
registrant in connection with Rule 12g3-2(b): 82- .)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>



<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;&nbsp;</P>

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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="background-color: white">This Form 6-K
for Pampa Energ&iacute;a S.A. (&ldquo;Pampa&rdquo; or the &ldquo;Company&rdquo;) contains:</FONT></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="word-spacing: 0px; background-color: white"><B>Exhibit
1: </B></FONT><A HREF="ex99-1.htm"> PAMPA ENERG&Iacute;A S.A. ANNOUNCES THE EXPIRATION AND TENDER RESULTS FOR ITS CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING SERIES
1 7.500% NOTES DUE 2027 </A></P>


<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><I></I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U><BR>
SIGNATURE</U></B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white"></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">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: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">Date:&nbsp;September 5, 2024</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Pampa Energ&iacute;a S.A.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 72%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">/s/&nbsp;Gustavo Mariani</P>
<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: #A0A0A0"></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Name:&nbsp;Gustavo Mariani</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title:&nbsp;&nbsp;&nbsp;Chief Executive Officer</P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; background-color: white">This press release may contain
forward-looking statements. These statements are statements that are not historical facts, and are based on management's current
view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words &quot;anticipates&quot;,
&quot;believes&quot;, &quot;estimates&quot;, &quot;expects&quot;, &quot;plans&quot; and similar expressions, as they relate to
the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends,
the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations
and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements.
Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee
that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including
general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors
could cause actual results to differ materially from current expectations.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>
<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><I>&nbsp;</I></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center; text-indent: 0in"><B>PAMPA ENERG&Iacute;A S.A.
ANNOUNCES THE EXPIRATION AND TENDER RESULTS FOR ITS CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING SERIES 1 7.500% NOTES DUE 2027</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">BUENOS AIRES, ARGENTINA (September 5, 2024) &mdash; Pampa Energ&iacute;a
S.A. (&ldquo;<FONT STYLE="font-weight: normal">Pampa,</FONT>&rdquo; the &ldquo;<FONT STYLE="font-weight: normal">Company</FONT>&rdquo;
or &ldquo;we&rdquo;) today announced the expiration and tender results of the previously-announced offer by the Company to purchase for
cash (the &ldquo;Offer&rdquo;) from each registered holder (each, a &ldquo;Holder&rdquo; and, collectively, the &ldquo;Holders&rdquo;)
any and all of its outstanding Series 1 7.500% Notes due 2027 (the &ldquo;Notes&rdquo;) issued by the Company under the indenture dated
as of January 24, 2017 (the &ldquo;Indenture&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The Offer expired at 8:00 a.m., New York City time, on September 5,
2024 (such date and time, the &ldquo;Expiration Time&rdquo;). The Offer was made by the Company pursuant to the offer to purchase dated
August 26, 2024 (the &ldquo;Offer to Purchase&rdquo;) and the related guaranteed delivery instruction (the &ldquo;Notice of Guaranteed
Delivery,&rdquo; and together with the Offer to Purchase, the &ldquo;Offer Documents&rdquo;). The principal purpose of the Offer was to
purchase for cash any and all of the outstanding Notes. The Company intends to finance the purchase of the Notes with the proceeds of
the offering of a concurrent issuance of new notes made in reliance on one or more exemptions from the registration requirements of the
U.S. Securities Act of 1933, as amended.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The Company has been advised that, as of the Expiration Time, U.S.$396,816,000
in aggregate principal amount of Notes, or approximately 52.91% of the Notes outstanding, have been validly tendered and not validly withdrawn
pursuant to the Offer.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">Additionally, Guaranteed Delivery instructions were submitted for
U.S.$630,000 in aggregate principal amount of Notes, or approximately 0.08% of the Notes outstanding, as of the Expiration Time. In order
to be eligible to participate in the Offer, holders of Notes reflected in such Guaranteed Delivery instructions received by the Company
prior to the Expiration Time must validly tender such Notes pursuant to the Guaranteed Delivery Procedures (as defined in the Offer Documents)
by 5:00 p.m., New York City time on September 9, 2024, unless extended by the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The Company has accepted for purchase all of the Notes validly tendered
in the Offer and not validly withdrawn on or prior to the Expiration Time. Notes accepted for purchase, including Notes tendered pursuant
to Guaranteed Delivery Procedures, will be paid in full by the Company on September 10, 2024 (the &ldquo;Settlement Date&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The final principal amount of Notes that will be purchased by the
Company on the Settlement Date is subject to change based on deliveries of Notes pursuant to the Guaranteed Delivery Procedures. A press
release announcing the final results of the Offer is expected to be issued on or promptly after the Settlement Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The Notes and other information relating to the Offer are listed in
the table below:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Notes</B></P></TD>
    <TD STYLE="width: 36%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>CUSIP / ISIN /
    Common Code Numbers</B></P></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Outstanding Principal
    Amount</B></P></TD>
    <TD STYLE="width: 22%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Offer Consideration<SUP>(2)
    (3)</SUP></B></P></TD></TR>
  <TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 9pt; text-align: center; text-indent: -9pt"><FONT STYLE="font-size: 8pt">Series 1 7.500% Notes due 2027</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">697660 AA6/ US697660AA69 / 155564636</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">P7464E AA4/ USP7464EAA49 / 155566132</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">U.S.$ 750,000,000<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">U.S.$1,000</FONT></TD></TR>
  </TABLE>
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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 9pt">Including U.S.$153 million principal amount of Notes which are held by a third party lender of the Company
as security for such financing.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(2)</FONT></TD><TD><FONT STYLE="font-size: 9pt">Per U.S.$1,000 principal amount of Notes validly tendered and accepted for purchase. The Offer Consideration
does not include accrued interest.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(3)</FONT></TD><TD><FONT STYLE="font-size: 9pt">Holders will also receive accrued interest from and including the last interest payment date for the
Notes up to but not including the Settlement Date.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0"><FONT STYLE="letter-spacing: -0.05pt">Holders who had validly tendered
and not withdrawn their Notes at or before the Expiration Time are entitled to receive</FONT> U.S.$1,000 per U.S.$1,000 principal amount
of the Notes tendered (the &ldquo;Offer Consideration&rdquo;), on the Settlement Date. <FONT STYLE="letter-spacing: -0.05pt">In addition,
Holders whose Notes were purchased in the Offer will receive accrued and unpaid interest from and including the last interest payment
date for the Notes up to but not including the Settlement Date. For the avoidance of doubt, accrued interest will cease to accrue on the
Settlement Date for all Notes accepted in the Offer, including those tendered by the </FONT>Guaranteed Delivery Procedures<FONT STYLE="letter-spacing: -0.05pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The obligation of the Company to pay for Notes validly tendered pursuant
to the Offer, or Notes with respect to which a properly completed Notice of Guaranteed Delivery was delivered at or prior to the Expiration
Time, is subject to, and conditioned upon, the satisfaction or waiver of certain conditions as set forth in the Offer Documents, in the
sole discretion of the Company. The terms and conditions of the Offer are described in the Offer Documents previously distributed to the
Holders.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The Company has retained Citigroup Global Markets Inc., Deutsche Bank
Securities Inc., J.P. Morgan Securities LLC and Santander US Capital Markets LLC to serve as the dealer managers for the Offer, and Banco
Santander Argentina S.A. and Banco de Galicia y Buenos Aires S.A.U. to act as local information agents in Argentina. Questions regarding
the Offer may be directed to Citigroup Global Markets Inc. at (212) 723-6106 (collect) or (800) 558-3785 (toll-free), Deutsche Bank Securities
Inc. at (212) 250-2955 (collect) or (866) 627-0391 (toll-free) , J.P. Morgan Securities LLC at (212) 834-7279 (collect) or at (866) 846-2874
(toll-free) and/or to Santander US Capital Markets LLC at (212) 350-0660 (collect) or at (855) 404-3636 (toll-free). Requests for documents
may be directed to Morrow Sodali International LLC (trading as Sodali &amp; Co), the information and tender agent for the Offer, by e-mail
at pampa@investor.sodali.com, or by telephone in Stamford at +1 203 658 9457 or in London at +44 20 4513 6933.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0"><FONT STYLE="letter-spacing: -0.1pt">Documents relating</FONT> <FONT STYLE="letter-spacing: -0.05pt">to
the Offer, including the Offer to Purchase and guaranteed delivery instruction, are also available at https://projects.sodali.com/pampa</FONT>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">None of the Company, the dealer managers, the local information agents
or the information agent and tender agent make any recommendations as to whether Holders should tender their Notes pursuant to the Offer,
and no one has been authorized by any of them to make such recommendations. Holders must make their own decisions as to whether to tender
their Notes, and, if so, the principal amount of Notes to tender.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">This press release is for informational purposes only and is not a
recommendation and is not an offer to sell or a solicitation of an offer to buy any security. The Offer is being made solely pursuant
to the Offer Documents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">The Offer does not constitute, and may not be used in connection with,
an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person
making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">In any jurisdiction where the securities, blue sky or other laws require
tender offers to be made by a licensed broker or dealer and in which the dealer managers, or any affiliates thereof, are so licensed,
the Offer will be deemed to have been made by any such dealer managers, or such affiliates, on behalf of the Company.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0">Forward Looking Statements</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">This press release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform Act of 1995, as amended. Actual results may differ materially from those
reflected in the forward-looking statements. We undertake no obligation to update any forward-looking statement or other information contained
in this press release to reflect events or circumstances occurring after the date of this press release or to reflect the occurrence of
unanticipated events or circumstances, including, without limitation, changes in our business or acquisition strategy or planned capital
expenditures, or to reflect the occurrence of unanticipated events.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0">About Pampa</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">Pampa is an Argentine leading independent energy company, participating
in the electricity and gas businesses. We and our subsidiaries, joint ventures and affiliates are engaged in the generation and transmission
of electricity, exploration, production, commercialization and transportation of oil and gas, and production of petrochemical products.
Our shares are traded on the New York Stock Exchange and the <I>Bolsas y Mercados Argentinos S.A.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">For further information, see our website www.pampa.com or contact:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Investor Relations </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Phone: +54&#45;11&#45;4344-6000</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Email: investor@pampa.com</P>

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