PROGRAMME FOR THE PARTICIPATION OF FORMER OIL FIELD AGENTS

Law 27133

Compensation. Profit. Sanctioned: April 29, 2015 Enacted in Fact: May 20, 2015

The Senate and Chamber of Deputies of the Argentine Nation, meeting in Congress, etc., are sanctioned by law:

Article 1-Recognizes by the State a compensation in favor of the former agents of the Oimientos Petrolíferos Fiscales S.A., their heirs or rightholders, to whom they would not have been included in the Program of Property Investee, or having done so, has not received the cash transfer to its name from the relevant actions. In addition, it may be for the benefit of those who have not received the rule of law 25.471 or who have done so would not have received the compensation laid down in that law for reasons not attributable to the above mentioned agents. The same option may be exercised by those who have not received the compensation provided for in court judgments. Also included are those who, having received compensation, have a difference in their favor, calculated the amount according to the present.

ARTICLE 2 °-For the purposes of this law, it is considered personnel of the Coientos Petrolíferos Fiscales S.A., with the right to the compensation established in this law, to the one who performed in relation of dependence to 1 ° of January 1991 and that would have been commenced their employment relationship prior to that date.

Article 3-The compensation to be paid to each former agent of the Petroliferos Fiscales Fiscales S.A., his heirs or successors, shall be equivalent to the sum of the value in pesos of nine hundred and fifty-six (956) shares of Yacimientos Petroleos Fiscales S.A., in accordance with the amount of shares set out in the Annex to Decree 1077/2003, to the listing of the closing of the Buenos Aires Stock Market on the day of publication in the Official Gazette of this Law, may be less than three hundred and eleven pesos ($311). They will be cancelled with public debt consolidation bonds issued in favor of the former agents in the form provided for by law 25,344.

ARTICLE 4-Former servants who, by meeting the requirements of Article 2, have received the rule of law 25.471 or have obtained a favourable judgment, may claim the possible difference in their favour, resulting from the collating the value determined in Article 3 with the

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amount established in decree 1077/2003 as to the calculation of the value of the compensation or the amount determined by the court judgment, whichever is greater, adjusted the latter by the combined average of the Index of Recorded Wages of the Private sector and the Consumer Price Index, published by the National Institute of Statistics and Census at the time of publication of this law, on the liquidation carried out. In order to make the adjustment established, the final calculations set out in Decree 1077/2003, i.e. the amounts established until 31 December 2002, will be taken as a temporary basis. In the case of amounts established by judicial judgment, the date of the same.

ARTICLE 5-In the terms set out in the preceding article and for those who have initiated legal action, the beneficiaries must submit themselves to request the payment of the compensation by completing a procedure determined by the Ministry of Economy and Public Finance of the Nation, which should consider the following guidelines: (a) to be entitled to the benefits of this law, by means of an express act before the competent court, which shall issue the certificate; b) With the certification referred to in the preceding paragraph, the beneficiary or his or her rightholders shall initiate the administrative actions in the form established by the Ministry of Economy and Public Finance of the Nation through the respective regulations, which may not exceed one hundred and twenty (120) working days until the settlement in the terms of the Article 3 (c) Credit for the relevant formal mechanism the right of the person (d) Prior to the liquidation, the beneficiary shall certify by judicial approval the withdrawal of the action and the right, and shall sign a record in the Ministry of Economic Affairs and Public Finance of the Nation giving to the national state the rights that could be granted to it in connection with the Program of Owned Property of Oil Fields.

ARTICLE 6-The subjects entitled to request the compensation in Article 4 °, must file prior administrative complaint, which resolved favorably, will be cancelled with bonds of consolidation of public debt issued in favor of the former agents in the form provided for by law 25,344. The Ministry of Economy and Public Finance of the Nation will establish the procedure for its compliance, not being able to exceed one hundred and twenty (120) working days the liquidation of the prescriptionin article 4 °.

Article 7 °-For the alleged former agents who have not promoted judicial action, the Ministry of Economy and Public Finance of the Nation will establish the procedure for the administrative complaint by setting specific deadlines for its actions. compliance, not being able to exceed one hundred and twenty (120) working days until settlement in the terms of Article 3.

ARTICLE 8-Establishment of the inessability of the indemnities granted in accordance with the provisions of this law, except in the case of credits of a food nature and their litisexantries.

ARTICLE 9-Establish the exemption from the payment of income tax to the indemnities established in this law.

ARTICLE 10. -Contact the national executive branch.

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GIVEN IN THE SESSION HALL OF THE ARGENTINE CONGRESS, IN BUENOS AIRES, AT THE TWENTY-NINE DAYS OF THE MONTH OF APRIL OF THE YEAR TWO THOUSAND FIFTEEN.

-REGISTERED UNDER NO 27133-

BELOVED BOUDOU. -JULIAN A. DOMINGUEZ. -Juan H. Estrada. -Marta A. Luchetta.

Date of publication: 28/05/2015

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