Listing Particulars

RNS Number:6603O
Gas Natural Finance B.V.
14 December 2001


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:          14th December, 2001


Application has been made to the UK Listing Authority for the following
securities to be admitted to the Official List.

DETAILS OF ISSUE:          Euro 2,000,000,000 Euro Medium Term Note Programme

ISSUER:                    Gas Natural Finance B.V.

INCORPORATED IN:           The Netherlands

GUARANTOR:                 Gas Natural SDG, S.A.

INCORPORATED IN:           Kingdom of Spain

AUTHORISED ADVISOR:        Merrill Lynch International


Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:


Gas Natural Finance B.V.       Gas Natural SDG, S.A        Citibank, N.A.
Strawinskylaan 3105            Av. Portal de l'Angel, 22   5 Carmelite Street
7th Floor                      08002 Barcelona             London
1077 ZX                        Spain                       EC4Y 0PA
Amsterdam
The Netherlands


In addition, a copy of the Particulars is available for inspection at the
Document Viewing Facility at the Financial Services Authority,
25 The North Colonnade, London E14 5HS.