ENDESA Acquires 26.6% of the Interconnection Capacity between Italy and France Put Out to Tender by the System Operators of Both

  
    
  
  
    
      ENDESA (NYSE:ELE) has acquired 275 MW of the interconnection capacity 
      between France and Italy put out to tender by the Italian and French 
      transmission network operators, GRTN and RTE. This acquisition, which 
      corresponds to ENDESA’s specific capacity 
      requirements, represents 26.6% of the total capacity put out to tender 
      by both operators in March.
    
    
      In this auction, which took place after the decision taken at the end of 
      2004 by the French grid operator (RTE) to auction off part of the 
      interconnection capacity between Italy and France, the total base 
      capacity offered was 1,034 MW in March.
    
    
      The final base price was Euro 31.23/MWh. The energy allotted to ENDESA 
      has allowed the group to modulate and provide coverage for electricity 
      demand in the Italian market.
    
    
      This operation add value to ENDESA’s 
      operations in Italy and France, where it is leveraging profitable growth 
      opportunities with energy trading.
    
    
      It also represents a further step in the implementation of the Company’s 
      European strategy, optimising its capacity to manage energy in 
      trans-national markets, as it has been doing between countries such as 
      Italy, Spain, France, Slovenia, Switzerland, Germany, Holland and 
      Denmark.
    
    
      * 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 Comisión 
      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, 2004. 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.