SHAREHOLDING STRUCTURE
The following table sets forth information regarding ownership of our capital stock as of March 9, 2026:
The following table sets forth information regarding ownership of our capital stock as of March 9, 2026:
(1) The Expropriation Law provided for the expropriation of 51% of the share capital of YPF S.A. represented by an identical stake of Class D shares owned, directly or indirectly, by Repsol. See "Item 4. Information on the Company—History and development of YPF S.A.”.
(2) Fondo de Garantía de Sustentabilidad de la Administración Nacional de la Seguridad Social (Sustainability Guarantee Fund of the National Social Security Administration, "FGS ANSES"), according to data provided by Caja de Valores S.A. ("Caja de Valores") as of March 9, 2026.
(3) According to data provided by The Bank of New York Mellon, as of March 9, 2026 there were 97,071,609 ADSs outstanding and 30 ADR holders on record. Such ADRs represented 24.7% of the total number of issued and outstanding Class D shares as of such date. Since some of the ADRs are held by nominees, the number of record holders may not be representative of the number of beneficial owners. In addition, as of March 9, 2026, there were 63,979,330 Class D Shares issued and outstanding that are traded on BYMA.
(4) Participated Ownership Program ("Programa de Propiedad Participada" or "PPP") established by the Argentine government in the privatization process in 1991.
As of March 9, 2026, other than those disclosed above, there are no persons know to us that beneficially owned more than 5% of our shares, including shares held in the form of ADSs.