Madrid – August 30, 2005 – Telvent GIT, S.A. (NASDAQ: TLVT), the Global RealTime Information Technology Company, today announced financial results for the second quarter ended June 30, 2005.

Telvent’s second quarter 2005 revenues totaled €95.8 million, an increase of €34.2 million or 55.4 percent, versus €61.6 million reported for the second quarter of 2004.

Second quarter 2005 net income increased to €2.1 million, an increase of €0.6 million or 36.6 percent, versus €1.5 million reported for the second quarter of 2004. Earnings per diluted share for the second quarter of 2005 were €0.07 (based on a weighted average of 29,247,100 shares outstanding), compared to €0.08 per diluted share (20,000,000 shares outstanding), in the second quarter of 2004. Pro forma net income for the second quarter 2005 was €2.8 million, an increase of 41.9 percent, versus €2.0 million for the second quarter of 2004. Pro forma earnings per diluted share for the second quarter 2005 were €0.10, versus €0.10 for the second quarter of 2004.

Revenues for the first six months of 2005 were €171.3 million, an increase of €44.8 million or 35.4 percent, versus €126.5 million reported for the first six months of 2004.

Net income for the first six months of 2005 increased to €5.2 million, an increase of €1.5 million or 41.4 percent, versus €3.6 million reported for the first six months of 2004. Earnings per diluted share for the first six months of 2005 were €0.18, compared to €0.18 per diluted share in the same period of 2004. Pro forma net income for the first six months of 2005 was €6.7 million, an increase of 16.3 percent, versus €5.8 million for the first six months of 2004. Pro forma earnings per diluted share for the first six months of 2005 were €0.23, versus €0.29, for the same period of 2004.

Pro forma net income excludes the amortization of intangible assets from the acquisitions purchase price allocations, stock compensation plan expenses and mark to market hedging, that Telvent believes are not indicative of its core performance or results. A reconciliation between GAAP and pro forma net income is provided in this release in a table immediately following the condensed consolidated financial statements.

"Telvent delivered very strong results again this quarter, with record revenues and growing profitability. We are making significant progress towards our 2005 financial goals while strategically investing in the continued growth of our business." said Manuel Sánchez Ortega, Telvent Chairman and Chief Executive Officer.

"Our backlog remains strong and continues to provide a solid foundation for our future growth. Record new order bookings are evidence of the increasing momentum we are seeing, particularly in our Energy and Traffic sectors. Utility customers are embracing our solutions as they look for ways to operate more efficiently, reduce costs, and provide better customer service. Overall, 2005 is shaping up to be a very good year for Telvent.” concluded Manuel Sánchez Ortega.

Gross margin was 20.2 percent in the second quarter of 2005 compared to 19.4 percent in the second quarter of 2004. Gross margin for the first six months of 2005 was 22.1 percent, compared to 22.4 percent in the same period last year.

Operating expenses for the second quarter, as a percentage of revenues, decreased 1.7 percentage points, mainly due to continuing efforts in controlling general and administrative expenses. However, operating expenses grew mainly due to increases in R&D and sales and marketing expenses from the integration of the Miner & Miner operations. Operating expenses, as a percentage of revenues, for the first six months of 2005 were 17.4 percent, compared to 18.0 percent in the same period last year.

Income from operations, as a percentage of revenues, was 3.7 percent in the second quarter of 2005 compared to 1.2 percent in the second quarter of 2004. For the first six months of 2005, income from operations, as a percentage of revenues, was 4.7 percent compared to 4.4 percent in the same period last year.

For the six months of 2005, cash used in operating activities net of property, plant and equipment additions, was €30.3 million. For the same period in 2004, cash used was €8.3 million.

As of June 30, 2005, cash and cash equivalents were €65.5 million and total debt (including net €10.3 million credit line due from related parties) was €43.0 million, resulting in a net cash position of €30.8 million. As of December 31, 2004, net cash position was €64.5 million.

Segment Discussion

Energy

Revenues for the Energy sector in second quarter 2005 were €44.7 million, an increase of €25.0 million, or 127.1 percent, from €19.7 million in second quarter 2004. Gross margin in this sector was 22.2 percent in second quarter 2005, versus 14.4 percent in 2004. The most significant contract in this sector during the second quarter was the control, protection and supervisory technology system for the Colinas-Sobradinho high voltage line and the associated telecommunications systems for four substations along the line. The contract, with the Agencia Nacional de la Energía Eléctrica (ANEEL), in Brazil, is for a total exceeding €3.0 million.

Revenues for the first six months of 2005 were €80.0 million, an increase of €28.5 million, or 55.3 percent, from €51.5 million in the same period of 2004. Gross margin in this sector was 22.9 percent in first six months of 2005 versus 22.6 percent in 2004.

Traffic

Revenues for the Traffic sector during the second quarter 2005 were €32.2 million, an increase of €7.0 million, or 27.7 percent, from the €25.2 million recorded in the same period of 2004. Gross margin in this sector was 16.7 percent in second quarter 2005, versus 19.7 percent in second quarter 2004. The most significant contract in this sector was the €25 million modernization of the traffic management infrastructure and systems for the city of Beirut in Lebanon.

Revenues for the first six months of 2005 were €56.7 million, a increase of €13.3 million, or 30.7 percent, from €43.4 million in the same period of 2004. Gross margin in this sector was 18.7 percent in first six months of 2005 versus 21.8 percent in 2004.

Transport

Revenues for the Transport sector during the second quarter 2005 were €4.6 million, a decrease of €0.5 million, or 10.2 percent, from €5.1 million during the same period in 2004. Gross margin in this sector was 15.9 percent in second quarter 2005, versus 17.5 percent in the same period of 2004. The most significant contract in this sector was with RENFE, the Spanish railway authority, for the design, supply and installation of Automatic Ticketing Systems for suburban train stations in San Sebastián and Seville. The contract is worth €2.1 million.

Revenues for the first six months of 2005 were €8.1 million, a decrease of €0.8 million, or 9.4 percent, from €8.9 million in the same period of 2004. Gross margin in this sector was 20.6 percent in the first six months of 2005, versus 16.4 percent in 2004.

Environment

Revenues for the Environment sector for the second quarter 2005 were €6.1 million, a decrease of €0.4 million, or 5.6 percent, from €6.4 million during the same period in 2004. Gross margin in this sector was 32.6 percent in the second quarter of 2005, versus 20.8 percent in the same period of 2004. The most significant contracts in this sector were the extension of the control systems contract and the contract for the provision of maintenance and operation services of the same system for Confederación Hidrográfica del Guadalquivir in Spain, for two years, for a total amount exceeding €4.7 million.

Revenues for the first six months of 2005 were €10.8 million, a decrease of €2.1 million, or 16.4 percent, from €12.9 million in the same period of 2004. Gross margin in this sector was 27.5 percent in first six months of 2005 versus 20.9 percent in 2004.

Other

Revenues for the Other sector during second quarter 2005 were €8.3 million, an increase of €3.0 million, or 57.8 percent, from €5.2 million in the same period in 2004. Gross margin in this sector was 16.5 percent in second quarter 2005, versus 36.3 percent in 2004. The most significant contract in this sector during the second quarter was the corrective and on-going maintenance and back-up services for the Information Systems of three hospitals in Spain administered by the Andalusia Health Service. The contract includes the maintenance of the administrative, economic and clinical modules of the Hospital Information System (HIS), hardware maintenance, and maintenance of the basic logistics. The contract is worth €0.9 million.

Revenues for the first six months of 2005 were €15.8 million, an increase of €6.0 million, or 61.3 percent, from €9.8 million in the same period of 2004. Gross margin in this sector was 27.8 percent in first six months of 2005, versus 32.0 percent in 2004.

Backlog

Backlog (representing the portion of signed contracts for which performance is pending) as of June 30, 2005 was €398.7 million, which reflects 20.7 percent growth over the €330.4 million in backlog at the end of June 2004.

New Bookings

New order bookings (or new contracts signed) in the second quarter 2005 were €104.3 million, a 62.5% increase from €64.2 million during the same period in 2004. Telvent believes this shows the continued success of the Company’s new products and services solutions, and sales and marketing activity.

Pipeline

Pipeline, measured as management’s estimates of real opportunities within the next 6 to 12 months, is approximately €1.26 billion.

Use of Non-GAAP Financial Information

To supplement our consolidated financial statements presented in accordance with U.S. GAAP, we use certain non-GAAP measures, including pro forma net income and EPS. Pro forma net income and EPS are adjusted from GAAP-based results to exclude certain costs and expenses that we believe are not indicative of our core operating results. Pro forma results are one of the primary indicators management uses for evaluating historical results and for planning and forecasting future periods. We believe pro forma results provide consistency in our financial reporting which enhances our investor's understanding of our current financial performance as well as our future prospects. Pro forma results should be viewed in addition to, and not in lieu of, GAAP results.

Conference Call Details

Telvent Chairman and Chief Executive Officer, Manuel Sánchez Ortega, Chief Financial Officer Ana Plaza, and Jose Ignacio del Barrio, Vice President of Business Development and Investor Relations, will conduct a conference call to discuss the second quarter 2005 results, which will be simultaneously webcast at 9:00 A.M. Eastern Time / 6:00 A.M. Pacific Time / 3:00 P.M. Madrid Time on Wednesday, August 31, 2005.

To access the conference call, participants in North America should dial 800-374-0724 and international participants should dial +1 (706) 634-1387. A live webcast of the conference call will be available on the investor relations zone of Telvent’s corporate web site at www.telvent.com. Please visit the web site at least 15 minutes early to register for the teleconference webcast and download any necessary audio software. A replay of the call will be available on the web site approximately two hours after the conference call is completed. To access the replay, participants in North America should dial 800-642-1687 and international participants should dial +1 (706) 645-9291. The passcode for the replay is 8552170.

About Telvent

Telvent (Nasdaq: TLVT), the Global RealTime IT Company, specializes in high value-added solutions for four specific industrial sectors (Energy, Traffic, Transport and Environment) in Europe, North America, Latin America and China. (www.telvent.com)

Investor Relations Contacts:

José Ignacio del Barrio
Phone: +34 902-335599
Email: jibarrio@telvent.abengoa.com

Mark Jones
Phone: +1 646-284-9414
Email: mjones@hfgcg.com

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are proceeded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Telvent’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the “Risk Factors” described in Telvent’s Annual Report on Form 20-F for the year ended December 31, 2004, filed with the Securities and Exchange Commission on May 13, 2005.

Results