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CORPORATE GOVERNANCE

SHAREHOLDING STRUCTURE

The following table sets forth information regarding ownership of our capital stock by each person known to us to own beneficially at least 5% of our common shares, the Argentine federal and provincial governments and our Employee fund as of 03-10-2025:

CLASE
OCULTA1
OCULTA2
SHAREHOLDERS CLASS A
National State (3)
3,764
0.001%
SHAREHOLDERS CLASS B
Argentine provincial governments (4)
7,624
0.002%
SHAREHOLDERS CLASS C
Employee fund (5)
40,422
0.010%
SHAREHOLDERS CLASS D
National State (1)
200,589,525
51.000%
Floating (2)
192,671,458
48.987%

(1) The Expropriation Law provided for the expropriation of 51% of the share capital of YPF represented by an identical stake of Class D shares owned, directly or indirectly, by Repsol YPF and its controlled or controlling entities. See our 20-F report for the Fiscal Year ended December 31, 2024 “Item 4. Information on the Company—History and development of YPF S.A.”.
(2) According to data provided by The Bank of New York Mellon, as of March 10, 2025, there were 121,565,060 ADSs outstanding and 34 holders of record of ADSs. Such ADSs represented approximately 30.9% of the total number of issued and outstanding Class D shares as of such date. 
(3) Reflects the ownership of 3,764 Class A shares by the Argentine Republic.
(4) Reflects the ownership of 7,624 Class B shares by provincial governments.
(5) Reflects the ownership of 40,422 Class C shares.