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Simpson Thacher Represents Underwriters in US$1.07 Billion Secondary Offering of American Depositary Shares Representing Ordinary Shares of YPF Sociedad Anónima

03.23.11

Simpson Thacher represented Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Itaú BBA, Morgan Stanley, Raymond James and Santander Investment, as joint bookrunners, in connection with the public secondary offering of 26,215,000 American Depositary Shares representing ordinary shares of YPF Sociedad Anónima owned by Repsol YPF S.A. The transaction priced on March 22, 2011.

YPF Sociedad Anónima is Argentina’s leading energy company, operating a fully integrated oil and gas chain with leading market positions across the domestic upstream and downstream segments.

The Simpson Thacher team for this transaction included David Williams, Juan Mendez, Gustavo Benchimol, Dora Jimenez and Joaquin Idoyaga (Capital Markets); and Jennie Getsin (FINRA and Blue Sky).