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March

Abengoa awarded the VIII Human Capital Source Award for its Integral Human Resource Management

March 25, 2004

Seville 25th of March 2004 - Abengoa, with its Integral Human Resource Management model, has been awarded the VIII Human Capital Source Award, in the Integral Human Resource Policy category.

Abengoa formed a company, specializing in the different aspects of Human Resources, to provide for each of its companies an integral service in set matter, covering the Administrative processes of personnel, selection, training, employee development, labor relations and safety and risk prevention.

The award recognizes the reliability of set integral management model, based on the advanced technological solutions applications, and the demonstrated coherency of its human resource policies, orientated to achieving the Company's strategic objectives.

According to Mr. Alvaro Polo, its Human Resource Director, "this award is an acknowledgment from the professionals and the specialized publicists in this Sector regarding Abengoa's achievements in this field, and represents an important endorsement to the road Abengoa has initiated with its integral management model, which is based on the service's effectiveness, efficiency and quality".

Of great prestige in the Human Resource field, the award was presented yesterday in Madrid during the closing ceremony of the XI Human Resources Management Convention and the XXXIX National Aedipe (Spanish Personnel Management Association) Congress.

Abengoa, an industrial and technological corporation, listed on the stock market, with an equity value greater than 522 million Euros (12/31/2003), contributes to the Continual Development, of the Company's Information and Knowledge and Creation of Infrastructures. Presently it operates in four main business areas: Bio-energy, second world producer of bio-ethanol; Environmental Services, European leader in market segments regarding industrial waste; Information Technology, one of the main participants in the international arena, with operations in Europe, America and Asia; Industrial Construction and Engineering, leader in Spain and Latin America.



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