Cedric Bridger

Cedric Bridger (75) has served as a member of our Board of Directors since 2004, and is currently a member of the Audit Committee. He graduated in Public Accounting in London from the Association of Certified and Corporate Accountants, where he initiated his professional activities. He joined FADIP S.A. (later Hughes Tool Co. S.A.) in Buenos Aires in 1964, where he was Financial Manager. Subsequently, he became General Manager of the company in Brazil and was ultimately appointed its Vice President of Operations for Latin America. From 1992 to 1998, he was Vice Chairman of the Finance Department at YPF S.A. In April 1998, he retired from YPF S.A. and took a position as Director of Banco Hipotecario and since 2003 he has been a member of the Board of Directors of IRSA Inversiones y Representaciones S.A.

A publicly-traded company is only required to disclose information concerning the amount and type of compensation paid to its CEO, CFO, and the three other most highly compensated executive officers in a given year. Information about compensation for these individuals may be unavailable in prior years if they were not in their current roles or did not qualify as among the most highly compensated officers at the time.

Petrobras Energia S.A. is a Corporation organized and existing under the laws of the Republic of Argentina and registered on November 17, 1947. It is an integrated energy Company, engaged in oil and gas exploration and production, refining, petrochemicals, electricity generation, transmission and distribution and hydrocarbon marketing and transportation. As of December 31, 2008, it conducts operations in Argentina, Bolivia, Brazil, Ecuador, Mexico, Peru, Colombia and Venezuela. The Company's operations are currently divided into four business segments that are in turn supported by corporate functions. The four business units are: (1) Oil and Gas Exploration and Production, (2) Gas and Energy, (3) Refining and Distribution, and (4) Petrochemicals. Its long-term strategy is to grow as an integrated energy Company with a regional presence, while being a leader in profitability as well as social and environmental responsibility. The Gas and Energy business segment serves to link together its energy businesses and allows it, by integrating its various businesses, to maximize profits from gas and electricity production and ensure self-supply. Within this segment, it sells gas produced by its Oil and Gas Exploration and Production business segment, as well as imported gas. It also provides oil, gas and LPG brokerage and trading services. In addition, through its stake in TGS, it is engaged in the transportation of gas in southern Argentina and in the processing and marketing of natural gas liquids (NGL). In the electricity business, it is engaged in the generation, transportation and distribution segments, being positioned as a major player in the Argentine electricity market. The Company's presence in the Refining and Distribution business is a further step towards the vertical integration of its operations and enables it to capitalize on its hydrocarbon reserves. Refining and distribution operations are a necessary link in the business value chain, starting with crude oil and gas exploration and processing and ending with customer service at the gas station network and the supply of petrochemical products. The Company's petrochemical operations are performed in Argentina and Brazil. It produces an array of products, such as styrene, polystyrene, synthetic rubber and fertilizers, both for the domestic and export markets. It uses the name 'Petrobras' with the permission of Petrobras. The Company's oil and gas related businesses are subject to oil price fluctuations determined by international market conditions. Pursuant to the Hydrocarbons Law, exploration and production of oil and gas is carried out though exploration permits, production concessions, exploitation contracts or partnership agreements. Its competitors in the Argentine motor gasoline and diesel oil market are Repsol-YPF S.A., Shell CAPSA, and Esso S.A.

Cedric Bridger (75) has served as a member of our Board of Directors since 2004, and is currently a member of the Audit Committee. He graduated in Public Accounting in London from the Association of Certified and Corporate Accountants, where he initiated his professional activities. He joined FADIP S.A. (later Hughes Tool Co. S.A.) in Buenos Aires in 1964, where he was Financial Manager. Subsequently, he became General Manager of the company in Brazil and was ultimately appointed its Vice President of Operations for Latin America. From 1992 to 1998, he was Vice Chairman of the Finance Department at YPF S.A. In April 1998, he retired from YPF S.A. and took a position as Director of Banco Hipotecario and since 2003 he has been a member of the Board of Directors of IRSA Inversiones y Representaciones S.A.