Repurchase of Own Corporate Bonds

Release

Buenos Aires, March 31, 2020. Pampa Energía S.A. (‘Pampa’ or the ‘Company’; NYSE: PAM; ByMA: PAMP) informs that the Company repurchased during March 2020:

• A face value of US$41.2 million of its bonds maturing in 2023 (‘2023 CBs’) at an average clean price of US$72.3 per face value of US$100, which in addition to those held in treasury by the Company, amounted to a total face value of US$54.7 million of its 2023 CBs; and
• A face value of US$19.7 million of its bonds maturing in 2027 (‘2027 CBs’) at an average clean price of US$70.1 per face value of US$100, which in addition to those held in treasury by the Company, amounted to a total face value of US$82.7 million of its 2027 CBs.

Moreover, as of today the Company holds in treasury a face value of US$7.3 million of its bonds maturing in 2029 (‘2029 CBs’).

For further information, please contact:

Gustavo Mariani – Chief Executive Officer
Ricardo Torres – Vice-President
Mariano Batistella – Planning, Strategy, Downstream and Affiliates Executive Director
Lida Wang – Investor Relations Officer

The Pampa Energía Building
Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000
ri.pampaenergia.com/en
investor@pampaenergia.com