Ownership Breakdown

As of December 31, 2023, Pampa’s outstanding capital stock amounts to 1,363,520,380 common shares or 54,540,815 ADRs equivalent, of one peso of nominal value and one vote per share (1 ADR equals to 25 common shares). For further information, see Buyback Programs.

The ownership of Pampa‘s shares is the following:

Holder	Number of Shares, in Million	Number of ADRs, in Million	Share of Issued Capital, in %	Share of Outstanding Capital, in %
Management1	336.9	13.5	24.7%	24.7%
Free Float2	1,022.7	40.9	75.0%	75.0%
Shares in treasury3	–	–	–	–
Employee stock-based compensation plan	3.9	0.2	0.3%	0.3%
Total issued capital	1,363.5	54.5	100.0%	100.0%
Total outstanding capital4	1,363.5	54.5

Note: All figures have been subject to rounding, so totals may not sum. 1 The management holdings based on public information as of December 31, 2023, includes direct and indirect stakes of Messrs. Marcos Marcelo Mindlin, Damián Miguel Mindlin, Gustavo Mariani and Ricardo Alejandro Torres. 2 Listed in NYSE and BYMA. 3 Updated as of December 31, 2023. 4 Net of shares in treasury.