Listing Particulars

RNS Number:0340F
Gas Natural Finance B.V.
13 December 2002


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:            13 December 2002

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- Update 2002

ISSUER:                      Gas Natural Finance B.V.
                             Strawinskyklaan 3105
                             7th Floor
                             1077 ZX
                             Amsterdam
                             The Netherlands

INCORPORATED IN:             The Netherlands

GUARANTOR:                   Gas Natural SDG, S.A.
                             AV. Portal de 1'Angel, 22
                             08002 Barcelona
                             Spain

INCORPORATED IN:             Spain

AUTHORISED ADVISER:          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:

Paying Agent:                                                Issuer:
Citibank, N.A.                                               Gas natural Finance B.V.
5 Carmelite Street                                           Strawinskylaan 3105
London EC4Y 0PA                                              7th Floor
England                                                      1077 ZX
                                                             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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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