• Revenues Increase 26.1% to €95.3 Million Year-Over-Year.
• Pro Forma EPS of €0.18 Per Diluted Share.

Madrid, May 30, 2006 – Telvent GIT, S.A. (Nasdaq: TLVT), the Global RealTime IT Company, today announced unaudited financial results for the first quarter ended March 31, 2006.

Telvent’s first quarter 2006 revenues totaled €95.3 million, an increase of €19.7 million or 26.1 percent, versus €75.6 million reported for the first quarter of 2005.

Net income for first quarter 2006 was €4.7 million, an increase of €1.7 million or 55.1 percent, versus €3.0 million reported for the first quarter of 2005. Earnings per diluted share for the first quarter of 2006 were €0.16 (based on a weighted average of 29,247,100 shares outstanding), compared to €0.10 per diluted share (29,247,100 shares) in the first quarter of 2005.

Pro forma net income for the first quarter 2006 was €5.4 million, an increase of 38.8 percent, versus €3.9 million for the first quarter of 2005. Pro forma earnings per diluted share (EPS) for the first quarter 2006 were €0.18 (29,247,100 shares), versus €0.13 (29,247,100 shares) for the first quarter of 2005.

Pro forma net income excludes the amortization of intangible assets from the purchase price allocations in our acquisitions, 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, pro forma net income and EPS is provided in this release in a table immediately following the condensed consolidated financial statements.

“Telvent had a strong start to the year. Increasing demand from the utilities market, good momentum in international traffic and strong performance in transport, helped us to deliver double-digit revenue growth in four of our core business segments, along with double-digit expansion of total revenues and earnings,” said Manuel Sánchez Ortega, Telvent’s Chairman and Chief Executive Officer.

“We continued our strategic focus on selling higher value-added solutions to our customers, which has driven improvements in margins and profit performance. With strong bookings and backlog, we expect to have very good visibility for the rest of fiscal 2006.”

Gross margin was 24.5 percent in the first quarter of 2006, equaling the gross margin in the first quarter of 2005.

Operating expenses, as a percentage of revenues, were 19.1 percent in the first quarter of 2006. This represented an increase of €4.2 million or 0.6 percentage points from the same period last year. This was mainly due to expenses incurred in connection with Telvent’s Sarbanes-Oxley Act (SOX) compliance implementation, together with sales and marketing efforts to support the Company’s North American growth plan.

Income from operations, as a percentage of revenues, was 5.5 percent in the first quarter of 2006, compared to 6.0 percent in the first quarter of 2005.

As of March 31, 2006, cash and cash equivalents was €79.8 million and total debt (including net €6.5 million credit line due to related parties) was €50.4 million, resulting in a net cash position of €29.4 million. As of December 31, 2005, net cash position was €58.1 million.

For the first quarter 2006, cash used in operating activities net of property, plant and equipment additions, was €21.8 million. For the same period in 2005, cash used was €7.4 million.

Segment Discussion

Energy

Revenues for the Energy segment in first quarter 2006 were €41.3 million, an increase of €6.1 million, or 17.2 percent, from €35.3 million in first quarter 2005. Gross margin in this segment was 25.9 percent in first quarter 2006 versus 23.7 percent in 2005. In the Oil and Gas sector, the most important contract entered into during the quarter was the Dagang - Jinan pipeline SCADA project for Petrochina, for a total amount of $2.2 million (€1.8 million). In the Electricity sector, the most significant contract entered into was the telecontrol system for the High Speed Railway (AVE) between Madrid and Segovia. This contract includes the engineering, supply, installation and testing of field equipment and control systems necessary to guarantee the energy supply to this important line for the National Spanish Train System. The contract amount is €2.7 million.

Traffic

Revenues for the Traffic segment during the first quarter 2006 were €26.8 million, an increase of €2.3 million, or 9.5 percent, up from the €24.5 million recorded in the same period of 2005. Gross margin in this segment was 21.5 percent in first quarter 2006, versus 21.2 percent in first quarter 2005. The most significant contract in the Traffic segment during the first quarter was the new toll management system for Chicago’s Skyway Toll Bridge. The Chicago Skyway Toll Bridge is a 7.8 miles (12 kilometres), six lane major thoroughfare servicing more than 50,000 daily Skyway bridge users. The total contract amount is €1.2 million.

Transport

Revenues for the Transport segment during the first quarter 2006 were €8.9 million, an increase of €5.4 million, or 151.4 percent, from €3.6 million during the same period in 2005. Gross margin in this segment was 15.5 percent in first quarter 2006, versus 26.5 percent in the same period of 2005. The most significant contract in this segment was the Automatic Fare Collection (AFC) system for Metro Madrid’s new lines. The contract includes the supply and installation of an access control system and automatic ticket vending machines. The contract amount is €6.8 million.

Environment

Revenues for the Environment segment during first quarter 2006 were €9.4 million, an increase of €4.7 million, or 98.4 percent, from €4.7 million during the same period in 2005. Gross margin in this segment was 28.0 percent in first quarter 2006, versus 20.9 percent in the same period of 2005. The most significant contract in this segment was the renewal of the maintenance contract and extension of the fire alarm SCADA system for the Fire Emergency Services Authority (FESA) of Western Australia. The contract annuity is worth €160,000 includes the outsourcing of FESA's administrative management and customer billing.

Other

Revenues for the Other segment during first quarter 2006 were €8.8 million, an increase of €1.3 million, or 16.9 percent, from €7.5 million in the same period in 2005. Gross margin in this segment was 32.8 percent in first quarter 2006, versus 40.3 percent in 2005. The most significant contract in this segment was the design and installation of the communications infrastructure and data processing center at the Virgen del Rocío University Hospital. The project will implement advanced communications technologies and logical security. The contract amount is €1.5 million.

Backlog

Backlog (representing the portion of signed contracts for which performance is pending) as of March 31, 2006 was €446.7 million, which reflects 43.1 percent growth over the €312.1 million in backlog at the end of March 2005.

New Bookings

New order bookings (or new contracts signed) in the first quarter 2006 were €143.7 million, a 40.7 percent increase from €102.1 million during the same period in 2005. We believe 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 €1.31 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 investors’ 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 CEO, Manuel Sánchez, Chief Financial Officer Ana Plaza, and Jose Ignacio del Barrio, Executive VP Business Development and Head of Investor Relations, will conduct a conference call to discuss the first quarter 2006 results, which will be simultaneously webcast at 9:00 A.M. Eastern Time / 3:00 P.M. Madrid Time on Tuesday, May 30, 2006.

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 9299126.

About Telvent

Telvent (Nasdaq: TLVT), the Global RealTime IT Company, specializes in high value add solutions and services in four industry sectors (Energy, Traffic, Transport and Environment). Its technology allows high performing companies to make real-time business decisions using data acquisition, control, and advanced operational applications, providing secure actionable information delivery to the enterprise.

Investor Relations Contact:

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, 2005, filed with the Securities and Exchange Commission on May 3, 2006.

Results