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CORPORATE GOVERNANCE

Capital Stock

YPF capital stock shall be represented by 393,312,793 shares of common stock, which shall be divided into four classes of (A, B, C and D), having a par value of 10 Argentine pesos and carrying one voting right each. These shares have been fully paid in and paid up and their listing has been authorized on Buenos Aires and New York Stock Exchanges.

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EVOLUTION OF THE NUMBER OF SHARE
TERM NUMBER OF SHARE
1993-2000 353.000.000
2001-2014 393.312.793