Vista Oil & Gas, S.A.B. de C.V. (the "Company"), an independent Latin American 
oil and gas company, announced today the pricing of the underwritten public 
offering of the Company's Series A shares (the "Series A shares") as part of 
the global primary offering of 10,000,000 Series A shares.  The global offering 
consisted of an international offering in the United States and other countries 
outside of Mexico and a concurrent public offering in Mexico.  The Series A 
shares sold in the global offering may be represented by American Depositary 
Shares ("ADSs"), each representing one Series A share.  

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The global offering priced at U.S.$9.25 per Series A share and ADS.

The ADSs are expected to begin trading on the New York Stock Exchange on July 
26, 2019, under the ticker symbol "VIST."  The Company's Series A shares are 
listed on the Mexican Stock Exchange under the ticker symbol "VISTA."  The 
global offering is expected to settle on July 30, 2019, subject to customary 
closing conditions.  The Company intends to use the net proceeds from the 
global offering to fund capital expenditures relating to its development plan.

The Company has granted the underwriters the option to purchase up to 1,500,000 
additional Series A shares, which may be represented by ADSs, to cover 
over-allotments, if any. 

The global offering was made pursuant to a registration statement on Form F-1 
filed with the U.S. Securities and Exchange Commission (the "SEC") which became 
effective today and a prospectus prepared under Mexican law, which was 
authorized by the Mexican National Banking and Securities Commission (Comisión 
Nacional Bancaria y de Valores or "CNBV").

Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are acting 
as joint bookrunners and joint global coordinators and Itau BBA USA Securities, 
Inc., Morgan Stanley & Co. LLC and Santander Investment Securities Inc. are 
acting as joint bookrunners in the international offering. Citibanamex Casa de 
Bolsa, S.A. de C.V., Casa de Bolsa, integrante del Grupo Financiero 
Citibanamex, Casa de Bolsa Credit Suisse (Mexico), S.A. de C.V., Grupo 
Financiero Credit Suisse (Mexico), Morgan Stanley Mexico, Casa de Bolsa, S.A. 
de C.V. and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander 
Mexico acted as underwriters for the Mexican public offering.

This press release shall not constitute an offer to sell or the solicitation of 
an offer to buy, nor shall there be any sale of these securities in any state 
or jurisdiction in which such offer, solicitation or sale would be unlawful 
prior to registration or qualification under the securities laws of any such 
state or jurisdiction. Copies of the registration statement can be accessed 
through the SEC's website at www.sec.gov. Before you invest, you should read 
(i) the preliminary prospectus in the registration statement and other 
documents we filed with the SEC, and (ii) the prospectus prepared under Mexican 
law and other documents filed with and authorized by the CNBV, for more 
complete information about the Company and the global offering. Copies of the 
preliminary prospectus related to the global offering may be obtained by 
contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 
1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (800) 831-9146, or 
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven 
Madison Avenue, New York, NY 10010.

The public offering in Mexico has been authorized by the CNBV.

About Vista Oil & Gas, S.A.B. de C.V.:
Vista Oil & Gas, S.A.B. de C.V. is an independent Latin American oil and gas 
company operating since April 4, 2018.  The Company owns high-quality, 
low-operating cost, high-margin conventional producing assets in Argentina and 
Mexico, with most of its production and revenues originating in Argentina. In 
addition, most of its ongoing drilling and workover activities, estimated 
proved reserves and assets are located in Argentina, including its 
currently-producing Vaca Muerta wells. Led by an experienced management team, 
the Company seeks to generate strong returns for its shareholders by leveraging 
its strong cash flow-producing conventional assets and developing its premier 
shale acreage in its approximately 134,000 net acres in the Vaca Muerta shale 
play in Argentina, as well as by increasing the oil recovery factor of the 
conventional assets it operates in Argentina. As of March 31, 2019, the Company 
was the sixth largest oil producer in Argentina according to the Argentine 
Secretariat of Energy.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of 
United States laws, including statements regarding the expected listing in NYSE 
and the closing date of the global offering.  These forward-looking statements 
represent the Company's expectations or beliefs concerning future events, and 
it is possible that the results described in this press release will not be 
achieved. These forward-looking statements are subject to risks, uncertainties 
and other factors, many of which are outside of the Company's control, which 
could cause actual results to differ materially from the results discussed in 
the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, 
and, except as required by law, the Company does not undertake any obligation 
to update or revise any forward looking statement, whether as a result of new 
information, future events or otherwise. New factors emerge from time to time, 
and it is not possible for the Company to predict all such factors. When 
considering these forward-looking statements, you should keep in mind the risk 
factors and other cautionary statements in Company's preliminary prospectus 
filed with the SEC and the prospectus filed with the CNBV in connection with 
the offering. The risk factors and other factors noted in Company's preliminary 
prospectus filed with the SEC and the prospectus filed with the CNBV could 
cause actual events or the Company's actual results to differ materially from 
those contained in any forward-looking statement.

SOURCE: Vista Oil & Gas, S.A.B. de C.V.

CONTACT: Vista Oil & Gas, S.A.B. de C.V., Investor Relations, 
ir@vistaoilandsgas.com; Mexico: +52.55.1167.8250; Argentina: +54.11.3754.5832