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ENDESA: -- On Monday, ENDESA's CEO met with Alexander Medvedev, Vice Chairman of Gazprom's Executive Committee, and Anatoly Chubais, who is both Chairman of CIS-EPC (Commonwealth of Independent States - Electric Power Council) and Chairman of RAO-UES (Russia's leading electricity company). -- ENDESA estimates that its gas supply needs will reach 15 bcm/year in the next five years. -- The search for new gas sources is included in ENDESA's ambitious New Capacity Plan which aims to bring 11 new CCGTs on line in Europe by 2009. ENDESA's (NYSE:ELE) CEO, Rafael Miranda, travelled to Moscow where he held various meetings with senior representatives of the Russian energy sector. On the morning of Monday 18 September, Mr. Miranda met with Alexander Medvedev, Vice Chairman of Gazprom's Executive Committee in order to explore joint opportunities for both companies in the gas and electricity businesses where both companies operate. In particular, ENDESA is seeking to diversify its medium-term gas supply requirements in its European markets (Spain, Portugal, Italy and France), which stand to reach 15 bcm/year over the next five years. Rafael Miranda, in his capacity as Chairman of Eurelectric, also met with Anatoly Chubais who is both Chairman of CIS-EPC (Commonwealth of Independent States - Electric Power Council) and Chairman of RAO-UES (Russia's leading electricity company) to discuss matters concerning the integration of electricity systems, deregulation in the European markets and the deregulation and privatisation of the Russian electricity sector. The search for new gas sources forms part of ENDESA's ambitious New Capacity Plan under which 11 new CCGTs will be brought on line in Europe by 2009 (eight in Spain and three in the rest of Europe), which would more than double total CCGT installed capacity. This investment in CCGTs will strengthen ENDESA's position in the gas sector and see the Company's consumption in Europe rise from the current figure of 10 bcm/year to 15 bcm/year in 2009: 9 bcm at ENDESA's plants in Spain and Portugal and the remaining 6 bcm at the other European plants. * This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Documento de Registro de Acciones of Endesa filed within the Comision Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2005. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.