YPF shareholders approve 10-for-1 share split at meeting

• YPF shareholders met April 30, 2026 to sign off financial statements for fiscal year ended Dec. 31, 2025.
• Shareholders adopted a capital allocation plan that releases certain reserves, absorbs accumulated losses up to ARS 1.1 trillion, creates an ARS 38.47 billion treasury-share purchase reserve, creates an ARS 8.42 trillion investment reserve.
• Meeting authorized waiver of preemptive rights for delivery of treasury shares under long-term employee share plans; this approval does not itself execute any share purchases.
• Shareholders endorsed merger by absorption of YPF Ventures SAU and Oleoducto Loma Campana - Lago Pellegrini SAU into YPF, approved related merger financial statements and merger prospectus, authorized signing of definitive merger agreement; document does not confirm completion.
• Investors backed a 10-for-1 par value split from ARS 10 per share to ARS 1 per share, keeping capital unchanged, while shifting Fundación YPF funding to an annual board-approved budget with 2026 contribution set at USD 7.33 million.

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