Pan American Energy offers to buy back all 7 7/8% notes due 2021

Chicago, April 12 – Pan American Energy Group SL through its Argentine Branch has launched a tender offer for any and all of its $166,479,000 outstanding 7 7/8% notes due 2021 (Cusips: 69783TAA2, 69783UAA9), according to a notice.

Pan American is offering to pay $1,000 per $1,000 of notes tendered, plus interest.

The offer ends at 5 p.m. ET on April 22.

Settlement is expected for April 27.

The offer is not subject to a financing condition or minimum tender condition.

Dealer managers for the offer are Citigroup Global Markets Inc. (800 558-3745, 212 723-6106), HSBC Securities (USA) Inc. (888 HSBC-4LM, 212 525-5552), Itau BBA USA Securities Inc. (888 770 4828, 212 710-6749), J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) and Santander Investment Securities Inc. (855 404-3636, 212 940-1442).

Dealer managers in Argentina are Banco Itau Argentina SA, HSBC Bank Argentina SA, Itau Valores SA and Banco Santander Rio SA.

D.F. King & Co., Inc. is the information and tender agent (888 887-0082, 212 269-5550, pae@dfking.com).

Pan American Energy is an oil and gas exploration and production company based in Buenos Aires.

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