ENEL CONFIRMS ITS STRATEGY OF STRENGTHENING ITS POSITION ON THE SPANISH AND EUROPEAN ELECTRICITY MARKET

Rome, 28 February 2007 - Enel S.p.A. (Enel) confirms of having completed the acquisition of 105,800,000 shares of Endesa S.A. (Endesa), the leading Spanish utility, representing 9.99% of the Spanish company’s share capital at the price of 39 euros per share, for a total consideration of 4,126.2 million euros.

The acquisition of Endesa’s shares was finalized in an off-market transaction with institutional investors, was financed through Enel’s cash flow and existing credit lines and was conducted on a stand-alone basis without any connection to any other Endesa’s shareholders. 

The acquisition of a minority shareholding in Endesa is part of Enel’s strategy aimed at strengthening the company’s position on the Spanish and European electricity market.

Following this acquisition Enel will consider raising its stake in Endesa up to 24.99% of the share capital, should the company obtain the authorization from the Comision Nacional de la Energia (CNE).

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For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.