BUENOS AIRES, Argentina, April 25 /PRNewswire-FirstCall/ -- Empresa Distribuidora y Comercializadora Norte S.A. (NYSE:EDN) (Buenos Aires Stock Exchange: EDN) ("Edenor") announced today the pricing of the global offering of its Class B common stock ("Class B shares") and American depositary shares ("ADSs"). The global offering included an underwritten offering of 15,164,795 ADSs, all of which were offered outside of Argentina, of which 3,742,245 were offered by Edenor and 11,422,550 were offered by selling shareholders. Each ADS represents 20 Class B shares. The ADSs were offered at a price of US$17.00 per ADS. The ADS selling shareholders have also granted the international underwriters the right for a period of 30 days to purchase up to an additional 2,855,302 ADSs to cover any over-allotments. In addition, Edenor's Employee Stock Participation Program separately offered 81,208,416 Class B shares in a concurrent offering in Argentina. The shares were offered at a price of Pesos 2.62 per share. Edenor intends to use the net proceeds of this offering for the repurchase of debt, capital expenditures and general corporate purposes. Edenor will not receive any proceeds from the sale of ADSs or shares by its shareholders. The ADSs will begin trading on the New York Stock Exchange under the ticker symbol "EDN" on April 26, 2007. The joint bookrunners for the ADS offering are Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. Raymond James is the bookrunner for the Argentine offering. A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of the securities is made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc., 270 Park Avenue, New York NY 10171, Attention: Prospectus Department or Citigroup Global Markets Inc., 388 Greenwich Street, New York, NY 10013-2357. This press release includes statements concerning potential future events involving Edenor that could differ materially from the events that actually occur. The differences could be caused by a number of factors, including those factors identified in the prospectus relating to Edenor's offering. Edenor will not update any forward-looking statements made in this press release to reflect future events or developments. DATASOURCE: Empresa Distribuidora y Comercializadora Norte S.A. CONTACT: i-advize, Corporate Communications, Inc., +1-212-406-3690

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