Enagás 2008 General Shareholders' Meeting

25 April 2008

Shareholders approved all resolutions on the Agenda.

The Spanish state holding company, Sociedad Estatal de Participaciones Industriales (SEPI), will join the Board of Directors as a proprietary director. 

The total gross dividend paid with a charge to 2007 has increased by 27.7% vs. 2006, to €0.60 per share.

Enagás Chairman highlighted that the Company invested a record €508.6Mn in 2007.

At Enagas's General Shareholders Meeting held today all the resolutions on the agenda were approved, including the Company's Financial Statements and Management Report for 2007.

The appointment of Sociedad Estatal de Participaciones Industriales (SEPI) as proprietary shareholder for a by-law stipulated period of four years was also approved.  The amendment of article 35 of the Company's by-laws, governing the composition of the Board of Directors, to raise the maximum number of Board members to 17 was also approved.

It was resolved to ratify Bilbao Bizkaia Kutxa (BBK)'s appointment as proprietary director for a by-law stipulated period of four years and Peña Rueda S.L. Unipersonal was re-elected as a proprietary director on the proposal of shareholder Inversiones de Cartera S.L. (CAJASTUR) for the same period.

It was also resolved to pay a total gross dividend for 2007 of €0.60 per share, an increase of 27.7% compared to the dividend paid in 2006. In addition to the interim dividend of €0.24 per share (gross) paid in January, a final dividend of €0.36 per share will be paid in July.


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