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Felipe Benjumea Llorente, Iberia new Member of the Board

May 24, 2007

May 24th 2007 - Today Iberia Board of Directors has approved the proposal of Mr. Felipe Benjumea Llorente, Chairman of Abengoa, to be appointed as Independent Member of the Board. This proposal will be taken to Iberia General Shareholders Meeting that will take place in May, 30th.

Iberia new Member of the Board is the Chairman of Abengoa, he is a Member of the Board of Compañía Operadora del Mercado Español de Electricidad (OMEL) and Consejo Español de la Energía.

He has also been a Member of the Board of La Papelera Española (1987-1995), Thyssen Industrie (1989-1993), of Hispano Inmobiliaria de Gestión (1989-1998) and the Banco Santander Central Hispano (1990-2002).

Abengoa is a technology company applying innovative solutions for sustainable development in the infrastructures, environment and energy sectors. It is present in more than 70 countries, in which it operates with its five business groups: Solar, Bio-energy, Environmental Services, Information Technologies, and Industrial Construction and Engineering.

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