Enel & Acciona aquisition of Endesa SA to save a billion dollars in cost sharing synergies

Enel, CEO, Fulvio Conti presents Endesa synergies to the financial community

The Endesa Group emerges as having a balanced mix of fuels with a strong presence in fast growing markets. Synergies with Enel and Acciona are ultimately expected to generate savings for Endesa of more than 1 billion euros per year.

London, 12 December 2007 – At a meeting with the financial community today, Fulvio Conti, CEO and General Manager of Enel, will present the expected impact of synergies with Enel and Acciona on Endesa’s financial results. Following is a summary of the key points of today’s presentation.

A primary factor that led Enel and its partner Acciona to acquire control of Endesa was the major contribution that the acquisition can make in boosting operating and financial performance. The acquisition is also expected to generate substantial synergies and savings, as well as an immediate increase in earnings per share.

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Analysis of additional efficiency initiatives in all of Endesa’s operations is still under way. The outcome of this analysis will be quantified in the new business plan, planned to be presented to the financial community in March 2008.

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