We advised VMOS on its admission to the CNV Public Offering Regime, the establishment of its Global Notes Program, and its inaugural notes issuance in the amount of US$233,654,373.

Bruchou & Funes de Rioja advised VMOS S.A. (“VMOS”) on its admission to the public offering regime of the Argentine National Securities Commission (“CNV”), the creation of its Program and the successful inaugural issuance of the Class 1 Notes; and TCA Tanoira Cassagne advised Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A. and Macro Securities S.A.U., as arrangers and placement agents (the “Arrangers”), and Banco Patagonia S.A., Banco Mariva S.A., SBS Trading S.A., Cocos Capital S.A., Adcap Securities Argentina S.A., DA Valores S.A., Banco BBVA Argentina S.A., Allaria S.A., Global Valores S.A., Latin Securities S.A.U., One618 Financial Services S.A.U., Banco de la Provincia de Buenos Aires, Banco Piano S.A., Banco de la Provincia de Córdoba S.A., Invertir en Bolsa S.A., Max Capital S.A., and Industrial and Commercial Bank of China (Argentina) S.A.U. as placement agents (together, the “Placement Agents”), in the successful issuance of the Class 1 Limited Recourse Notes under Art. 3 of the Argentine Negotiable Obligations Law, denominated and payable in US dollars in Argentina for a nominal amount of US$233,654,373, which will accrue interest at a fixed nominal annual rate of 6.25% and will mature on September 22, 2030.

The issuance took place following VMOS’s admission to the public offering regime of the CNV and the creation of its global program for the issuance of simple (non-convertible) notes with short, medium or long term maturities for a maximum outstanding amount of up to US$300,000,000 (or its equivalent in other currencies and/or units of value).

The Class 1 Notes will be secured by an assignment by way of security, under the terms of the Supplement, in favor of TMF Trust Company (Argentina) S.A. of the collection rights over the “dollar-linked tariff” payable to VMOS by each Initial Shipper and GyP under the Initial Transportation Agreements and the DTA, respectively.

VMOS is a midstream oil export company, formed by YPF, Vista Energy, Pampa Energía, Pan American Energy, Shell, Chevron, Pluspetrol, Tecpetrol and GyP, leading the development of a key infrastructure project aimed at supporting the sustainable growth of Argentina’s oil and gas sector. The proceeds from the placement will be applied by the Issuer primarily for the development, construction and operation of the VMOS Project.

Legal counsel to VMOS S.A.

Bruchou & Funes de Rioja: Partners José Bazán and Leandro Belusci, and associates Quimey Lía Waisten, Victoria Negro and Martina Coria Elias.

Legal counsel to the Arrangers and the Placement Agents

TCA Tanoira Cassagne: Partners Alexia Rosenthal and Ignacio Criado Díaz, and associates Lucía Viboud Aramendi, Teófilo Trusso and Mario Ignacio Larreguy Revol.