ENDESA's French Subsidiary, SNET, to Sell Its 23.62% Stake in Power Generator Sechilienne-Sidec to UK-Based Fund Manager Ecofin

ENDESA's (NYSE:ELE) French subsidiary, SNET, has signed
an agreement to sell its 23.62% shareholding in power generator
Sechilienne-Sidec to UK-based fund manager Ecofin Ltd. for Euro 103.6
million, or Euro 320 per share.
   The deal is contingent on no takeover bid(s) being made for Sidec.
If any bid(s) were to be launched, the transaction would be delayed
until the end of the acceptance period for the bid(s) under stock
market regulations.
   Ecofin has no intention of making an offer for any other
Sechilienne-Sidec shares nor is there any prevailing legislation that
obliges the group to do so as a consequence of the transaction.
   Sechilienne-Sidec produces electricity and steam at thermal plants
that use coal and sugar cane waste on the islands of Guadalupe and
Martinique in the Caribbean and Reunion and Mauritius in the Indian
Ocean. It also develops wind energy in France.
   For additional information please contact David Raya, North
America Investor Relations Office, telephone # [phone]
   http://www.endesa.es

   * 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 Folleto
Informativo Continuado 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, 2003. For all of these forward-looking statements, we
claim the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.