Enel and Acciona with Endesa, to give more value to energy

On April 11, 2007, Acciona, S.A. and ENEL S.p.A. announced a public takeover bid for Endesa for 100% of the outstanding shares of Endesa, S.A., namely 1,058,752,117 shares of € 1,20 nominal value each.

The Comisión Nacional del Mercado de Valores (“CNMV”) authorized the Spanish tender offer on July 25, 2007.

The tender offer documents for this offer and the additional documentation that accompanies it will be available to the shareholders of Endesa, S.A. from the day following publication of the first of the announcements of this offer at:

1. the registered offices of Acciona, S.A. at Parque Empresarial de la Moraleja, Avenida de Europa, 18, Alcobendas, Madrid, the registered office of ENEL S.p.A. at viale Regina Margherita, 137, Rome, and the registered offices of Endesa, S.A. at calle Ribera del Loira, 60, Madrid;
2. the registered offices of the governing companies of the Madrid (Plaza de la Lealtad, 1, Madrid), Barcelona (Paseo de Gracia, 19, Barcelona), Bilbao (calle José María Olávarri, 1, Bilbao) and Valencia (calle Libreros, 2 y 4, Valencia) Stock Exchanges;
3. the registered office of Enel Viesgo Servicios, S.L. at Plaza Pablo Ruiz Picasso s/n, Edificio Torre Picasso, planta 19, Madrid;
4. the registered office of Santander Investment, S.A. and Santander Investment Bolsa, S.V., S.A. at Avenida de Cantabria s/n, Ciudad Grupo Santander, 28660 Boadilla del Monte, Madrid;
5. the offices of Santander Investment S.A. Corredores de Bolsa at Bandera, 140, piso 14, Santiago de Chile;
6. the registered office of The Bank of New York at 101 Barclay Street, 22 West, New York, NY; and
7. the registered offices of the New York Stock Exchange at 11 Wall Street — New York, NY, the Santiago stock exchange at La Bolsa 64 — Santiago de Chile, the Bolsa Electrónica at Huérfanos 770 — Santiago de Chile and the Bolsa de Corredores de Valparaíso at Prat 798 - Valparaíso).

Similarly, and within the deadline stated above, the Spanish offer document and additional documentation may be consulted at the public registries of the CNMV at Paseo de la Castellana 15, Madrid, and Paseo de Gracia 19, Barcelona, and, only for the Spanish offer document and form of announcement, on the web page of the CNMV (www.cnmv.es), on the web page of Acciona, S.A. (www.acciona.es), on the web page of ENEL S.p.A. (www.enel.com), on the web page of Endesa, S.A. (www.endesa.es) and on the web page of the Chilean securities exchange commission (“SVS”) (www.svs.cl).

In Chile during the aforesaid period, shareholders of Endesa, S.A. may obtain a copy of the offer documents and of the supplementary documentation through the SVS at Av. Libertador Bernardo O’Higgins 1449 — Santiago de Chile.

The acceptance period will take place from July 30 to October 1, 2007.  The consideration offered to any accepting shareholder of Endesa, S.A. is 40.16 net euros per share of Endesa, S.A., payable fully in cash.

Download here the Tender Offer Document.

Suplemento al Tender Offer Document.