In view of published reports and interpretations of the temporary exclusion of Endesa from the IBEX-35 index, in order to ensure that other Endesa shareholders are properly informed, ACCIONA wishes to make it clear that it is standard practice to exclude companies that are the target of a takeover bid from the IBEX-35 temporarily to enable the mutual funds and other investment vehicles whose products are tied, by definition, to the IBEX-35 to exercise their right to respond to the ongoing takeover bid.

Therefore, Endesa's exclusion from the IBEX-35 is temporary and standard; in no way does it represent a specific decision in this case and there is no reasonable cause for it not to rejoin the IBEX-35 once the official outcome of the ongoing takeover bid is announced.

ACCIONA regrets that what is a standard procedure for ensuring market integrity and safeguarding shareholders' right to accept a takeover bid is being misinterpreted and misused to pressure shareholders to sell out of fear (unfounded at all events) of definitive exclusion from the index.