Serengeti Asset Management LP

Holdings History for Pampa Energy Inc. - Common Shares, par value Ps.1.00 (the "Pampa Shares") American Depositary Shares, each representing 25 Pampa Shares (the "Pampa ADSs") (PAM)

Symbol: PAM on NYSE
Investment type: Equity / Common Shares, par value Ps.1.00 (the "Pampa Shares") American Depositary Shares, each representing 25 Pampa Shares (the "Pampa ADSs")

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
30 Sep 2019		-11%	$0	0	-535,000	-100%	$81.43	Q3 2019
30 Jun 2019	11%	-1.3%	$18,548,000	535,000	-65,000	-11%	$34.67	Q2 2019
31 Mar 2019	10%	+1.1%	$16,542,000	600,000	+65,000	+12%	$27.57	Q1 2019
31 Dec 2018	10%	-5.9%	$17,018,000	535,000	-315,000	-37%	$31.81	Q4 2018
30 Sep 2018	10%	+2.2%	$26,393,000	850,000	+185,000	+28%	$31.05	Q3 2018
30 Jun 2018	11%	+7.4%	$23,787,000	665,000	+465,000	+232%	$35.77	Q2 2018
31 Mar 2018	4.7%	+1.8%	$11,920,000	200,000	+75,000	+60%	$59.60	Q1 2018
31 Dec 2017	3.5%	-5.3%	$8,410,000	125,000	-190,000	-60%	$67.28	Q4 2017
30 Sep 2017	8.1%	-4.8%	$20,506,000	315,000	-185,000	-37%	$65.10	Q3 2017
30 Jun 2017	11%	-3.4%	$29,425,000	500,000	-150,000	-23%	$58.85	Q2 2017
31 Mar 2017	15%	+0.56%	$35,243,000	650,000	+25,000	+4%	$54.22	Q1 2017
31 Dec 2016	11%	+0.71%	$21,756,000	625,000	+25,000	+4.2%	$34.81	Q4 2016
30 Sep 2016	12%	+4.3%	$19,440,000	600,000	+225,000	+60%	$32.40	Q3 2016
30 Jun 2016	6.3%	+0.59%	$10,253,000	375,000	+35,000	+10%	$27.34	Q2 2016
31 Mar 2016	4.9%	+0.22%	$7,290,000	340,000	+15,000	+4.6%	$21.44	Q1 2016
31 Dec 2015	3.7%	-0.28%	$6,679,000	325,000	-25,000	-7.1%	$20.55	Q4 2015
30 Sep 2015	2.1%	-1.2%	$5,344,000	350,000	-200,000	-36%	$15.27	Q3 2015
30 Jun 2015	2.4%	+0.22%	$7,596,000	550,000	+50,000	+10%	$13.81	Q2 2015
31 Mar 2015	2.5%	-0.75%	$8,835,000	500,000	-150,000	-23%	$17.67	Q1 2015
31 Dec 2014	1.7%	-0.26%	$6,513,000	650,000	-100,000	-13%	$10.02	Q4 2014
30 Sep 2014	1.6%	+0.53%	$8,062,000	750,000	+250,000	+50%	$10.75	Q3 2014
30 Jun 2014	0.8%	+0.8%	$4,900,000	500,000	+500,000	NEW	$9.80	Q2 2014

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.