Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 102

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 18
Chunk 102
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 Bloque18, in its capacity as assignee of                                                                                                 
  the Ecuadorian company Petromanabí S. A., has filed an international arbitration proceeding against the Republic of Ecuador seeking            
  the payment of 12% of the Settlement Value, the latter pursuant to the terms of the Hydrocarbon Exploration and Crude Oil Exploitation         
  Participation Agreement in Block 18 entered into on December 19, 1995 and/or the Hollín Common Field Unified Exploitation Operating            
  Agreement executed on August 7, 2002 —in both cases, as amended. The arbitration will be conducted according to the Arbitration                
  Rules of the United Nations Commission on International Trade Law, the applicable law will be the Ecuadorian law, and the seat of arbitration  
  will be the City of Santiago de Chile. The first stages of the international arbitration process began in 2021. As of the date of this         
  report, the arbitration process is still ongoing.                                                                                              
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  The Company has initiated an international arbitration                                                                                       
  against High Luck Group Limited – Sucursal Argentina for certain breaches of the Farmout Agreement and the Joint Operating Agreement         
  regarding Chirete Block entered into on April 1, 2015. On August 23, 2023, the Arbitration Court issued a Partial Award, with costs against  
  the defendant, in which it ruled that High Luck breached the aforementioned Contract, but that this fact does not enable the Company to      
  exercise the option of retrocession. provided therein. On August 21, 2024, the ICC notified the parties of the Final Award                   
  issued by the Arbitrarion Court on August 14, 2024, in which it resolved that: (i) HLG committed a fundamental and material breach of        
  its obligations as operator; (ii) the breach described in the preceding point entitled Pampa to remove HLG as operator; and (iii) HLG        
  shall pay to Pampa 100% of the costs of the arbitration.                                                                                     
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DIVIDENDS

In accordance with the
provisions of the Argentine Personal Asset Tax Law, we are required to pay the personal asset tax, payable by all of our shareholders
who are subject to