ENEL AND ACCIONA ANNOUNCE STARTING OF ACCEPTANCE PERIOD OVER ENDESA SHARES

Madrid – Rome, 30 July 2007 - ENEL S.p.A. and Acciona, S.A. announced today that the acceptance period of their joint tender offer for the entire share capital of Endesa, S.A. commenced on July 30, 2007. The announced offer price is 40.16 euros per share in cash. The offer expires on October 1, 2007 inclusive.

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