ELE Endesa SA Ads

ENDESA (NYSE:ELE) has acquired 275 MW of the interconnection capacity between France and Italy put out to tender by the Italian and French transmission network operators, GRTN and RTE. This acquisition, which corresponds to ENDESA�s specific capacity requirements, represents 26.6% of the total capacity put out to tender by both operators in March. In this auction, which took place after the decision taken at the end of 2004 by the French grid operator (RTE) to auction off part of the interconnection capacity between Italy and France, the total base capacity offered was 1,034 MW in March. The final base price was Euro 31.23/MWh. The energy allotted to ENDESA has allowed the group to modulate and provide coverage for electricity demand in the Italian market. This operation add value to ENDESA�s operations in Italy and France, where it is leveraging profitable growth opportunities with energy trading. It also represents a further step in the implementation of the Company�s European strategy, optimising its capacity to manage energy in trans-national markets, as it has been doing between countries such as Italy, Spain, France, Slovenia, Switzerland, Germany, Holland and Denmark. * 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 Documento de Registro de Acciones of Endesa filed within the Comisi�n 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, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.