Corporate Governance Overview

At Pampa we believe that the best way of preserving and protecting our investors is to adopt and implement the best corporate governance practices, which consolidate us as one of the most trustworthy and transparent companies in the market.

For such purpose, we constantly strive to incorporate those practices by taking into account international market trends, as well as domestic and foreign applicable corporate governance standards and rules.

In this website you may find information about:

• The composition of the Board
• The Main Officers of Pampa
• Pampa’s ownership structure
• The composition and further information regarding the Audit Committee, the Nomination Committee, the Compensation Committee and the Supervisory Committee
• Our corporate governance policies

Further information on Pampa’s corporate governance practices can be found in the Corporate Governance Report, which contains the corporate governance report required under the Code of Corporate Governance pursuant to the Section 1, Title I, Chapter I, Part IV of the Argentine National Securities and Exchange Commission (‘CNV’ or Comisión Nacional de Valores) Rules, in accordance with the text restated in 2013 as amended by CNV General Resolution No. 797/19.

Minority Shareholder Protection

Pampa’s Bylaws include safeguards aimed at the protection of Pampa’s minority shareholders, such as:

• Only one class of shares granting equal economic and political rights;
• Special majorities of up to 66.6% of the votes to amend certain clauses of the Bylaws; and
• Possibility to call a shareholders’ meeting upon request of shareholders representing at least 5% of the capital stock.