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November

Abengoa signs Financing Contract for Technological Center Palmas Altas, future company headquarters in Seville

November 12, 2007

Seville, November 12, 2007.- Abengoa has signed a Financing Contract for the construction of the Technological Center Palmas Altas in Seville, future corporate headquarters, which will centralize all its operations in the capital of Andalucia. The contract is for a sum of 132 million Euros, and was signed with a financial syndicate of nine entities led by Calyon as the Insurance underwriter and with La Caixa acting as the Agent of the operation and entity. The signing was attended by representatives from the aforementioned entities Roland Menor (Assistant General Director) and Manuel Romero (Southern Territory Executive Director), respectively.

The Technological Center Palmas Altas has been designed by the team directed by the British architect, Richard Rogers, who has recently been awarded the 2007 Pritsker prize, considered the “Nobel” of architecture, in association with the Spanish firm Vidal y Asociados Arquitectos, and with the collaboration of the Agrup engineering company. Palmas Altas will be the official headquarters for the company and will also house other prestigious businesses and institutions, furthermore it has all necessary services to improve the employers quality, as kindergarten, gimnasyum, restaurants, greens zones, parking among others.

The design of the Palmas Altas Technological Center is similar to a sustainable and ultramodern technological campus equipped with latest generation environmental technologies that will contribute to minimizing electricity self-consumption, that will achieve a progressive reduction in CO2 emissions to the atmosphere. The final result will be a corporate park as an example of environmental management, incorporating the latest concepts of sustainable development and at the same time integrated in the environment and in its future.

Construction on the Technological Center has begun in the assigned lot which is situated south of the Seville city center, next to circumnavigation SE-30 and at the beginning of highway A-4 in the direction of Cadiz. When the center is in full use, an estimated 3,000 employees will work there, half of them being high-level technicians.

Abengoa thus closes this strategic financing that ensures to count on the necessary resources for the construction of this Technological Center, informs Jesús García-Quílez, Director of Corporate Finance for the company.

Abengoa is a technology company applying innovative solutions for sustainable development in the infrastructures, environment and energy sectors. It trades with a market capitalization above the 2.4 billion Euros (11/11/2007) and it is and is present in more than seventy countries in which it operates with its five Business Units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction. (www.abengoa.com).



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