ELE Endesa SA Ads

ENDESA Participadas, wholly owned by ENDESA (NYSE:ELE) has gone ahead with the sale of Nueva Nuinsa, S.L. to Valoriza Gestion S.A., subsidiary of Sacyr Vallehermoso, for Euro 93.9 million. Nueva Nuinsa owns a number of property assets and shareholdings in services companies. The gross capital gain deriving from the sale amounts to Euro 13 million. This sale falls within the framework of ENDESA's Strategic Plan which envisages the divestment of non-core assets. This operation is subject to the compulsory condition of obtaining the pertinent authorisation from the anti-trust authorities. * 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.