• Quarterly and Six-month Revenues of € 157 million and € 278 million
• Quarterly and Six-month Pro Forma Diluted EPS of € 0.18 and € 0.39
• New Order Bookings of € 162 million

Madrid – August 30, 2007 – Telvent GIT, S.A. (Nasdaq: TLVT), the IT company for a sustainable and secure world, today announced unaudited financial results for the second quarter and six month periods ended June 30, 2007.

Revenues for the second quarter 2007 were € 156.6 million, an increase of 46.9% (39.4% organic), compared to € 106.6 million for the second quarter 2006. Revenues for the first six months of 2007 were € 278.0 million, an increase of 37.6% (29.7% organic), compared to € 202.0 million for the first six months of 2006.

Net income for the second quarter 2007 was € 3.5 million, an increase of 84.2%, versus € 1.9 million reported for the second quarter 2006. Diluted EPS for the second quarter 2007 were € 0.12, compared to € 0.06 in the second quarter 2006. Net income for the first six months of 2007 was € 8.7 million, an increase of 31.8%, versus € 6.6 million reported for the first six months of 2006. Diluted EPS for the first six months of 2007 were € 0.30, compared to € 0.23 in the same period in 2006.

Pro forma net income for the second quarter 2007 was € 5.2 million, an increase of 62.5% versus € 3.2 million for the second quarter of 2006. Pro forma diluted EPS for the second quarter 2007 were € 0.18, versus € 0.11 in the second quarter 2006. Pro forma net income for the first six months of 2007 was € 11.5 million, an increase of 35.3%, versus € 8.5 million for the first six months of 2006. Pro forma diluted EPS for the first six months of 2007 were € 0.39, versus € 0.29 for the same period in 2006.

New order bookings (or new contracts signed) in the second quarter of 2007 were € 161.9 million, a 90.5% increase from € 85.0 million during the same period in 2006.

Backlog (representing the portion of signed contracts for which performance is pending) was € 541.5 million as of June 30, 2007, which reflects 26.6% growth over the € 427.7 million in backlog at the end of June 2006.

Pipeline, measured as management’s estimates of real opportunities within the next 6 to 12 months, is approximately € 1.6 billion.

Manuel Sánchez, Chairman and Chief Executive Officer, said, “Telvent recorded another positive quarter of strong growth as we executed our strategy of delivering IT services for a sustainable and secure world”.

The energy segment, providing solutions that allow better management of energy delivery efficiency, continued to perform well. This was driven by the ongoing successful performance of our Vattenfall electrical smart metering contract in Sweden. Following two extensions of the contract in the first six months of 2007, we will be providing integrated systems that allow smart metering to be used by approximately 600,000 Vattenfall customers.

We also were pleased with the ongoing development of our public administration business as it works to meet the sustainability and security challenges faced by governments globally. In the second quarter, we signed a significant contract with the Spanish government to supply and implement specialized personalization equipment used for a new electronic identity document being deployed across the country.

We remain committed to technological innovation and were pleased to complete our acquisition of Caseta Technologies, an important U.S. provider of leading-edge electronic toll collection technology that will further support the global expansion of our transportation business.

The strength of our first half 2007 results, combined with our pipeline and backlog, give us confidence that we are on track to meet our previously stated financial targets for the year.”

Gross margin was 20.6% in the second quarter of 2007, compared to 21.1% in the second quarter of 2006. Gross margin was 22.7% for the first six months of 2007, unchanged from the same period a year ago.

Operating expenses, as a percentage of revenues, were 16.6% in the second quarter of 2007, versus 17.0% in the same quarter of 2006. Operating expenses, as a percentage of revenues, were 17.8% for the first six months of 2007, down from 18.0% in the same period a year ago.

Pro forma operating margin was 5.5% in the second quarter of 2007, compared to 5.4% in the second quarter of 2006. Pro forma operating margin was 6.3% for the first six months of 2007, up from 6.1% in the same period a year ago.

As of June 30, 2007, cash and cash equivalents were € 59.8 million and total debt (including net € 46.9 million credit line due to related parties) was € 110.3 million, resulting in a net debt position of € 50.4 million. As of December 31, 2006, net cash position was € 46.7 million.

For the first six months of 2007, cash used in operating activities was € 76.8 million compared to € 44.4 million used in the same period last year. Cash provided by investing activities in the first six months of 2007 amounted to € 21.8 million, versus € 21.1 million in the same period last year.

Business Highlights

Energy

• Telvent continued to strengthen its position in the energy efficiency area through the extension of its project with Swedish utility company, Vattenfall. Having completed the first phase of the original contract to supply an electric metering system for 300,000 customers, Telvent has received two further extensions of the contract. This has doubled the initial number of residential users, and will continue to generate revenues for the Company. Telvent is also providing complementary metering and data management services, utilizing an integrated solution for the management and operation of the system that includes management of metering information, reporting, maintenance and support of all system devices.
• Telvent ´s OASyS systems have been installed to manage the transmission of gas on the major Snam Rete Gas pipeline network in Italy. Combined with the gas transported by our current customer Edison Gas, Telvent’s OASyS systems now manage 100% of the natural gas transmission in Italy. In addition, a natural gas energy corridor from Central Asia to Western Europe is being created via Turkey, Greece and Italy, and Telvent´s OASyS systems have been installed and are operating in these three countries.

Transportation

• Telvent was awarded a contract to design, construct and commission a traffic infrastructure management system for the City of Mumbai in India. The aim of the project is to enhance traffic mobility and fluidity, as well as increase the average vehicle speed on Mumbai’s roads. Telvent will implement its RealTime intelligent urban traffic management technological solution – ITACA – at 253 traffic-light-controlled intersections across the city. This will be managed from a traffic control center. Special emphasis will be placed on using low energy consumption technologies for traffic lights and controllers at the intersections. As a result, it is expected that travel times will be reduced, contaminating gas emissions will be curbed, and consumption of fossil fuels and electric energy will fall.

Environment

• The Qatari water and electricity utility company, Kahramaa, awarded Telvent a contract to provide consulting services for a period of four years on ways to enhance its drinking water transmission and distribution network. Through the services and systems to be supplied, Telvent will seek to optimize current distribution network management. The project will allow Kahramaa to achieve management quality levels similar to those of the world’s leading water management companies. Telvent and Kahramaa will be contributing to sustainable development, managing and controlling the water consumption with maximum efficiency.

Public Administration

• Telvent has been awarded two contracts for the deployment stage of the electronic National ID (NID) system throughout Spain. Under this strategic project, Telvent will supply personalization systems for the electronic NID, specifically the hardware and software required for laser recording of citizens´ personal data on their NID cards. Together with the recently completed project for electronic verification of identification documents at border check-points, these contracts strengthen Telvent´s presence in homeland security, one of the major security concerns worldwide.

Global Services

• Telvent has been chosen as technology partner by the Spanish Institute for Foreign Trade (ICEX) for a critical project to provide for the integral management of ICEX´s information technology infrastructure and its corporate applications. Telvent will house ICEX´s computer systems and technologies in the Telvent high-security DPC in Madrid. In addition, the project includes the execution of advisory tasks aimed at technology renovation, and the operation, administration, monitoring and control of the infrastructures at the customer head offices and trade offices.

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.

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.

Conference Call Details

Telvent Chairman and CEO, Manuel Sánchez and Chief Financial Officer and Head of Investor Relations, Ana Plaza, will conduct a conference call to discuss the second quarter 2007 results, which will be simultaneously webcast at 9:00 A.M. Eastern Daylight Savings Time / 3:00 P.M. Madrid Time on Friday, August 31, 2007.

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.

About Telvent

Telvent (Nasdaq: TLVT), the IT company for a sustainable and secure world, specializes in high-value-added products, services and integrated solutions in the Energy, Transport, Environmental and Public Administration industry segments, as well as Global IT Services. Its innovative technology and proven experience help ensure secure and efficient management of the operating and business processes of the world’s leading companies. (www.telvent.com)

Investor Relations Contact:

Ana Plaza
Phone: +34 902-335599
Email: ana.plaza@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, 2006, filed with the Securities and Exchange Commission on March 30, 2007 and Telvent's Quarterly Report on Form 6-K for the quarter ended March 31, 2007, filed with the Securities and Exchange Commission on May 24, 2007.

Results