Pampa Energía S.A. announces results for the six-month period and quarter ended on June 30th, 2016

BUENOS AIRES, Argentina, Aug. 11, 2016

Main Results for the Six-Month Period of 2016:

Consolidated sales revenues of AR$8,382.5 million¹ for the six-month period ended on June 30, 2016, 145.4% higher than the AR$3,415.4 million for the same period of 2015, primarily explained by increases of 21.3% (AR$270.6 million) in generation, 205.5% (AR$3,839.1 million) in distribution, 262.7% (AR$818.2 million) in oil and gas and 70.0% (AR$20.5 million) in holding and others segment.

Adjusted consolidated EBITDA² of AR$1,024.9 million for the six-month period ended on June 30, 2016, compared to a AR$1,686.1 million for the same period of 2015, mainly due to decreases of 61.3% (AR$106.0 million) in transmission, AR$1,662.3 million in distribution and higher losses of AR$62.6 million in holding and others segment, partially offset by increases of 17.8% (AR$101.1 million) in generation and AR$1,068.5 million in oil and gas segment.

Consolidated loss of AR$426.1 million during the six-month period ended on June 30, 2016, of which AR$60.9 million is attributable to the owners of the Company, AR$1,023.9 million less compared to the gain of AR$963.0 million attributable to the owners of the Company in the same period of 2015, mainly explained by reported losses of AR$73.7 million in transmission¹ and AR$944.2 million in distribution, partially offset by reported profits of AR$381.2 million in generation, AR$147.7 million in oil and gas and AR$428.1 million in the holding and others segment.

Main Results for the Second Quarter of 2016³:

Consolidated sales revenues of AR$4,170.4 million for the quarter ended on June 30, 2016, 138.7% higher than the AR$1,746.9 million for the same period of 2015, mainly explained by increases of 15.9% (AR$108.0 million) in generation, 202.1% (AR$1,817.6 million) in distribution, 257.6% (AR$470.1 million) in oil and gas and 79.7% (AR$13.4 million) in holding and others segment.