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ELEQ: International Endesa: Sale of Medgaz



  ELEQ: International Endesa: Sale of Medgaz

UK Regulatory Announcement

NEW YORK

                              SIGNIFICANT EVENT

The shareholders of Medgaz, S.A., CEPSA and SONATRACH have exercised their
pre-emptive acquisition rights, within the statutory timeframe, over Endesa
Generación, S.A.’s 12% equity interest in the share capital of Medgaz. An
agreement to sell to Fluxys SA/NV of Belgium was reached in last December. The
transaction price, including the transfer price of the loan claim held by
Endesa Generación against Medgaz, is Euro 87.5 million and is subject to the
customary price adjustments.

The transaction is expected to close during the first half of 2013, once all
the consents required to substitute the seller on the guarantees granted in
respect of the Medgaz project financing have been obtained.

                                                      Madrid, 11 February 2013

Contact:

International Endesa
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