2007 Enagás General Shareholders' Meeting

11 May 2007

The General Meeting of Shareholders has approved the distribution of a total gross dividend of 47 euro cents per share, 18% more than the dividend for 2005.

The Chairman of Enagás stated that the company has a clear, ambitious and realistic business plan, which will enable an increase in profits of over 10% in the coming years.

Since the start of 2007, investment project authorisations worth over 1,200 million euros have been expedited.

The General Meeting approved modifications to the Company's regulations to comply with the recommendations from the Standardised Code of Good Governance.

The General Meeting has approved all the proposed resolutions on the Agenda, which included the payment of a dividend of 47 euros cents per share, 18% higher than the dividend for 2005, which equates to growth of over 100% in the last five years. Further to this, the Board of Directors has decided to increase, from 2007, the net dividend percentage from the current 52% to 60%.


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