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January

Abengoa will collaborate in the construction of the heavy military Transport Plane A400M

January 7, 2004

Madrid, 7 January 2003- Abengoa, through Telvent, its Information Technology subsidiary, has signed a collaboration (working) agreement with EADS CASA to take part in the programme for the construction of the heavy military transport plane A400M. This agreement places all Abengoa's technological, industrial potential at EADS CASA's disposal.

The projects being developed by EADS CASA in Seville, within the manufacturing programme of the heavy military transport plane A400M, require an earlier preparation phase, which enables EADS CASA to make use of specialised companies that can provide support for its activity.

In this aspect, Abengoa combines two key aspects for the sustained development of the Andalusian Aeronautical industry: the training of its technical staff in EADS CASA's work methodologies and procedures and the capacities of an industrial and technological multinational group with a solid presence in Andalusia.

According to Manuel Sánchez Ortega, Executive Director of Telvent, "The Andalusian Aeronautical sector is seeking collaborating companies with Telvent's profile, with major financial and technological resources, and prepared/willing to take on tasks prior to manufacturing regarding design, engineering or tools. This new demand signifies an important qualitative jump regarding the previous situation, which will doubtlessly enable Aeronautical activity to become established in Andalusia."

This Agreement consolidates Telvent, subsidiary of technologies of the information of Abengoa, as one of the preferential companies for the works of Systems engineering Plane that they need to be subcontracted by EADS CASA, and facilitates the positioning of the rest of group companies with aptitude to approach all the links of the value chain (specification, development, manufacture, installation and tests). For example the Abengoa's Engineering and Industrial Construction group dedicated to engineering, construction and maintenance of electrical, mechanical infrastructures, of instrumentation and nets of communications for the sectors of the energy, industry, transport and services.

The relation with the aeronautical sector dates from1988. Telvent, has collaborated in aeronautical programs(Eurofighter) and has taken part in projects related to CASA products (CN-235). Telvent, has two principal centers in Seville (11.000 m2) and Madrid (50.000 m2), endowed with the equipment necessary for its activities which includes integration rooms and laboratories.

Abengoa, trough Inabensa, collaborates with EADS CASA in the manufacture and supply of diverse equipments. Inabensa has two work centers, one in Seville (12.000 m2), dedicated to the manufacture of electrical pictures and electromechanical equipments, and other one in Madrid (2.600 m2), dedicated to the manufacture of equipments of control, instrumentation and electronics.

The planned general framework for the development of the Collaboration Agreement with EADS CASA is divided into three phases. A first phase of training in the techniques and skills needed to collaborate with EADS CASA, a second phase to carry out the works on CASA planes, and a third phase, starting in 2005, to carry out works on the A400M Plane.

About Telvent

Telvent, Abengoa's Information Technology subsidiary, is specialist in TI solutions with a high technological added value, for specific industrial sectors such as Energy, Environment, Traffic, Transport, Telecommunications and Public Administration. Telvent is the leading supplier for these sectors in Spain, North America, Latin America and Asia.

With more than 40 years' experience in industrial Control and Monitoring and Business Process Management Systems, Telvent carries out projects and provides technical services in the field of critical applications, real time control and information management. With a complete offer of outsourcing and consultancy services and employing a neutral philosophy with regards to technology, Telvent manages telecommunication and TI infrastructures for an ample portfolio of international clients. (www.telvent.com)

About Abengoa

Abengoa, industrial and technology company with worldwide activities, provides solutions for Sustainable Development, the Information and Knowledge Society and the Creation of Infrastructures. The company has a capitalization of over 500 million euros (31/12/2002) and is listed on the Stock Exchange. Abengoa operates in four important areas: Bioenergy, where it is the world's second largest bioethanol producer; Environmental Services, where it is European leader in different industrial waste market segments; Information Technologies, where it has achieved global recognition and has operations in Europe, North America and Asia; and Industrial Engineering and Construction, where it is leader in Spain and Latin America. (www.abengoa.com)



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