Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 100

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 18
Chunk 100
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Item 18.
Financial Statements

” beginning on page F-1.

LEGAL PROCEEDINGS

We are party to several
civil, commercial, contentious-administrative, tax, customs and labor proceedings and claims that arise in the ordinary course of its
business. In determining a proper level of provision, the Company has considered its best estimate mainly with the assistance of legal
and tax advisors. As of December 31, 2024, we recorded provisions for U. S.$ 73.8 million in relation to the following proceedings:

  Relevant Customs Proceedings - Gasoline Exports:                                                                                          
  there are an important number of proceedings in process before the National Tax Court ( “ NTC ”)                                          
  in which the tax authority challenges the tariff heading used by Petrobras during 2008-2014. The fiscal authority takes a position of     
  a higher export duty rate. In five cases, the NTC issued judgments in favor of the Company. Three of these were acquiesced to by the tax  
  authority and, consequently, became final. In the remaining two cases, the period for the tax authority to potentially file an appeal     
  is currently running.                                                                                                                     
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  Petrobras Operaciones S. A. (“ POSA”)                                                                                                 
  has filed an international arbitration claim against the Company before the International Chamber of Commerce (“ ICC”) on             
  account of alleged breaches to the Assignment Agreement entered into between Petrobras Argentina S. A. (currently Pampa) and POSA in  
  2016 for the transfer of a 33.6% interest in the “ Río Neuquén” Concession. The breaches alleged by POSA in                           
  its arbitration claim consist of the failure to transfer certain assets associated with the assigned interest, and differences in     
  the calculation of adjustments in the assignment price. The arbitration will be conducted according to the ICC Rules of Arbitration,  
  the applicable law will be that of the Republic of Argentina, and the seat of arbitration will be Buenos Aires, Argentina. On April   
  30, 2021, POSA filed its statement of claim and on September 15, 2021, the Company filed its statement of defense and its statement   
  of counterclaim. On December 15, 2021, POSA filed its statement of defense to the counterclaim. After the proceedings were suspended  
  by