Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 95

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 16G
Chunk 95
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 the assets administered by them under the
retirement savings system to the ANSES. These transferred assets included 295,765,953 common shares of the Company, representing 20.50%
of our capital stock at that date. The ANSES is subject to the same investment rules, prohibitions and restrictions that were applicable
to the Argentine private pension funds under the retirement savings system, except as described in the following sentence. On April 12,
2011, the Executive Power issued Emergency Decree No. 441, which annulled the restrictions under Section 76(f) of Law No. 24,241on
the exercise of more than 5% of the voting power in any local or foreign company, such as the Company, in any meeting of shareholders,
irrespective of the actual interest held in the relevant company's capital stock. The annulment of the restrictions under Section 76(f)
of Law No. 24,241 came into effect on April 14, 2011. As of such date, ANSES may exercise its voting power in any local or foreign
company, such as the Company, based on the actual interest held in the relevant company’s capital stock.

Related Party Transactions

The BCL permits directors
of a corporation to enter into transactions with that corporation provided that any such transactions are consistent with prevailing market
practice. The CML provides that corporations whose shares are subject to public offerings must submit to their respective audit committees
the issuance of a prior opinion of all transactions with a related party involving an amount that exceeds 1% of the corporation’s
net worth.

Compensation Plans

See “Item 6. Directors,
Senior Management and Employees - Compensation Plans”.

For further information
on our related parties’ transactions and our outstanding balances from our transactions with related companies (including companies
under joint control), please see Note 17 to our Audited Consolidated Financial Statements.

Except as set forth above
and as otherwise permitted under applicable law, we are currently not party to any transactions with, and have not made any significant
loans to, any of our directors, key management personnel or other related persons, and have not provided any guarantees for the benefit
of such persons, nor are there any such transactions contemplated with any such persons.

Interests of experts and counsel

During the year ended December
31, 2022, 2023 and 2024 we engaged the services of the Argentine law firm Salaverri, Burgio & Wetzler Malbrán