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CORPORATE GOVERNANCE

CAPITAL STOCK

YPF capital stock shall be represented by 393,312,793 shares of common stock, which shall be divided into four classes of (A, B, C and D), having a par value of 10 Argentine pesos and carrying one voting right each. These shares have been fully paid in and paid up and their listing has been authorized on Buenos Aires and New York Stock Exchanges.

EVOLUTION OF THE NUMBER OF SHARE

TERM
NUMBER OF SHARE
1993-2000
353,000,000
2001-2021
393,312,793


On August 4, 2026, the 1-for-10 stock split of YPF shares (YPFD) became effective in the local market (ByMA), adjusting the ADR-to-share ratio from 1:1 to 1:10. As a result, the total number of outstanding shares increased from 393,312,793 to 3,933,127,930, while the equivalent number of ADRs remained unchanged at 393,312,793. Additionally, the par value of each share was adjusted from AR$10 to AR$1.
The stock split does not affect shareholders’ economic interests, ownership percentages, or voting rights.