YPF Sociedad Anonima announced that it has commenced a cash tender offer for any and all of its outstanding USD346,313,047.20 aggregate principal amount of 8.75% Senior Amortizing Notes due 2024 (the "Securities") on the terms and subject to the conditions set forth in YPF's Offer to Purchase dated the date hereof. The Offer to Purchase more fully sets forth the terms of the Tender Offer. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time (7:00 p.m. Buenos Aires time), on February 5, 2024 unless extended or earlier terminated (such date and time, as it may be extended with respect to the Tender Offer, the "Expiration Date").

The Tender Offer is not being made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In those jurisdictions where the securities, blue sky and other laws require any tender offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made on behalf of YPF by the Dealer Managers or one or more registered brokers or dealers licensed under the laws of such jurisdiction.