Vaca Muerta Strategic Investment

Neuquina Basin - Conventional Profitable conventional assets with potential for further upside Asset Overview Six operated and one non-operated concessions, with concession terms through 2025/2026/2040 (with 10 year extensions available under Federal Hydrocarbon Law under predefined bonus formula) Oil and gas production from well understood reservoirs with primary and secondary production ■Contiguous acreage position across three concessions in the Río Negro and Neuquén provinces covering ~398k acres in the Neuquina Basin plus ~140k acres closely located (less than 50 km away) ■High quality oil production with upside potential through infill drilling and waterflood expansion Key Stats (1) 1P reserves of 54.7 MMboe and 2P reserves of 74.7 MMboe(2) 2017E production of 27.3 kboe/d (61% oil) " Reserve life of 7.5 years ◉ Land holdings of ~538,000 acres Vista Value-Add Conventional Operations Map (1) Bajada del Palo (100% W.1) Entre Lomas (100% W.1) Medan YPF YPF YPF GyP Pan Ameri ENERG YPF PETRONAS YPF PF Coiron Amargo Norte (55% W.I) Vista Operated Oil Field Gas Field pluspetro PCR Displayed Area 25 de Mayo- Medanito (100% W.I.) PCR YPE Tecpetrol Jaguel de los Machos (100% W.I.) YPF pluspetrol Agua Amarga (100% W.1) ✓ Extensive operational experience in the basin ✓ Established relationships with key stakeholders ✓ Potential ability to increase secondary recovery (1) Based on Company information and Ministerio de Energía y Minería (Presidencia de la Nación). (2) Reserves as of December 31, 2016. Important Note: projections, estimates, targets and goals are forward-looking statements and not guarantees of future performance. See "Important Note Regarding Projections and Other Forward- Looking Statements." 24 24

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