Bolsa de Comercio de Buenos Aires
(Buenos Aires Stock Exchange)
Ref.: Relevant Information – Purchase of Stock of Gas Argentino S.A.
We hereby address you following our notice dated November 29, 2012, in order to comply with the requirements of Article 23 of Chapter VII of the Buenos Aires Stock Exchange Regulations.
In that connection, we advise that YPF S.A., ("YPF") through its controlled company, YPF INVERSORA ENERGÉTICA S.A. ("YPFIESA"), has acquired on the date hereof: (i) 46,010,284 Class A shares of Gas Argentino SA ("GASA") owned by BG Inversiones Argentinas S.A. ("BGIA"), of Ps.1 nominal value and one vote each, representing 54.67% of the capital stock of GASA, and (ii) 6,279 shares of Metroenergía S.A. owned by BG Argentina SA ("BGA"), of Ps.1 nominal value and one vote each, representing 2.73% of its capital stock. The price of the transaction is $9,700,000.
As a result, YPF S.A., through YPFIESA will consolidate 100% of the capital stock and votes of GASA, and will also indirectly own, through GASA, 70% of the capital stock and votes of MetroGAS S.A.
We advise that the additional conditions agreed between the parties for the acquisition of 38,941,720 Class B shares of Metrogas S.A. owned by BG Gas International BV, of Ps.1 nominal value and one vote each and representing 6.84% of share capital, have not been met.
Furthermore, we advise that YPF S.A. was notified of ENARGAS Resolution No. I/2566, dated April 19, 2013, which to the extent relevant provides: "article 1: To approve, in accordance with the authority granted to this Body by Law No. 24,076 and within the scope of its competence, the acquisition by YPF INVERSORA ENERGÉTICA S.A. of 54.67% of the Class A shares of Gas Argentino S.A. -controlling company of the Distribution Licensee METROGAS S.A.- from BG Inversiones Argentinas S.A.; of 2.73% of the shares of Metroenergía S.A. from B.G. Argentina SA; and, subject to compliance with the conditions agreed between the parties, of 6.84% of the Class B shares of METROGAS S.A. from BG Gas International BV, notwithstanding the intervention by the National Commission on Protection of Competition within its authority."
Yours faithfully,
Gabriel E. Abalos
Market Relations Officer
YPF S.A.