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ENDESA (NYSE:ELE): -- Snet, ENDESA's French subsidiary, has been authorised by the French government to build a 10 MW wind farm in the region of Picardie, in northern France, which is slated to come online in the second half of 2006. -- Planned capex stands at Euro 11 million. -- Revenues from the wind farm are guaranteed in accordance with the decree dated 8 June 2001 which stipulates that EDF must purchase all energy produced by wind farms. -- In addition to this initiative, there are another four wind farms planned for France, with total capacity of 45 MW, and which are currently at the stage of obtaining authorisation. Snet, ENDESA's (NYSE:ELE) French subsidiary, has been authorised by the French government to build its first wind farm in France. The farm will have installed capacity of approximately 10 MW and is to be located in the region of Picardie, in northern France. The project will entail investment of around Euro 11 million. The site has wind energy potential of around 2,500 equivalent hours per annum at full throttle. Revenues from the wind farm are guaranteed in accordance with the decree dated 8 June 2001 which stipulates that EDF must purchase all energy produced by wind farms. Snet will start work immediately on the preliminary task of selecting the kind of wind turbine to be installed, as well as carrying out the construction work necessary to build the farm and connect it to the grid. It is scheduled to come on-stream in the second half of 2006. Snet has requested authorisation for another four wind parks in France with total capacity of 45 MW, all within the framework of ENDESA's Strategic Plan which envisages the installation of 200 MW of wind capacity in France through 2008. To this end, Snet continues to seek out new opportunities, with the strategic target of minimising risk during the development phase. These initiatives reaffirm ENDESA's commitment to the environment and sustainable development, a matter in which it is in line with the French government's policy target of generating 21% of energy consumption from renewable sources, in accordance with the European Directive. In addition, this initiative signifies Snet's first venture into renewable energies and will also contribute to profitability. Snet is developing this business with the support of ENDESA Cogeneration and Renewables (ECYR), a wholly-owned ENDESA subsidiary, with which it has signed a technical assistance agreement. For additional information please contact David Raya, North America Investor Relations Office, telephone # 212 750 7200 http://www.endesa.es 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.