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Pampa Energia Announces the Closing of the Acquisition of CIESA’s Debt

January 28, 2011

BUENOS AIRES, Argentina, Jan. 28, 2011 /PRNewswire/ — Pampa Energia S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP) (“Pampa” or the “Company”), announces today, in relation to its announcement of January 19, 2011, that, through its subsidiary Pampa Inversiones S.A., it has acquired from AEI 100% of the outstanding bonds issued on April 22, 1997 (the “Bonds”) by Compania de Inversiones de Energia S. A. (“CIESA”), the controlling company of Transportadora de Gas del Sur (“TGS”), and other credits against CIESA (the “CIESA Debt”), together with the rights over certain current lawsuits related to the Bonds and certain CIESA’s debt restructuring agreements.

Pampa Energia is the largest integrated electricity company in Argentina that, through its subsidiaries, participates in the generation, transmission and distribution of electricity.


    For further information, contact:
    Ricardo Torres - Chief Executive Officer
    Mariano Batistella - Strategic Planning and Investor Relations
    3302 Ortiz de Ocampo, Building #4
    (C1425DSR) Ciudad Autonoma de Buenos Aires, Argentina
    Phone: 5411 4809 9500

http://www.pampaenergia.com/ir

    ------------------------------
    investor@pampaenergia.com

SOURCE Pampa Energia S.A.


Source: newswire



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