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YPF SOCIEDAD ANONIMA DECLARES QUARTERLY DIVIDEND

 BUENOS AIRES, Argentina, Oct. 5 /PRNewswire/ -- The board of directors of YPF Sociedad Anonima (NYSE: YPF) today announced the payment of a quarterly dividend of 0.20 pesos per share or per American Depositary Receipt (ADR) to all shareholders and ADR holders of record on Oct. 26, 1993, and payments to be made to ordinary shareholders on Oct. 27, 1993, and payments to be made to ADR holders on Oct. 28, 1993.
 YPF's board of directors also called a stockholders meeting to approve an offering of up to $350 million in unsecured 5 to 10-year dollar denominated notes (so-called "Yankee Bonds"). The stockholders meeting is required by Argentine law and will be held on Dec. 7, 1993. The proceeds from such offering will be used primarily to refinance outstanding indebtedness. It is anticipated that the Yankee Bond offering will be made during the first quarter of 1994.
 Stockholders will also be asked to approve a Medium Term Note Program up to a maximum of $500 million at any one time outstanding, as a standby facility.
 Any offering of the Yankee Bonds or the Medium Terms Notes in the United States of America will only be made by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer or sale of any security in any state of the United States of America in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 10/5/93
 /CONTACT: Darial R. Sneed, investor relations, 212-322-7780, for YPF Sociedad Anonima/
 (YPF)


CO: YPF Sociedad Anonima ST: IN: OIL SU: DIV

LD -- NY081 -- 9099 10/05/93 17:54 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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