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Abengoa allocates over 15 million euro for dividends

April 7, 2008

Seville, 7 April 2008 - Yesterday in Seville, Abengoa held the General Shareholders' Meeting for the 2007 financial year, with around 70 per cent of capital taking part. During the Shareholders' Meeting, the individual and consolidated Annual Accounts were approved, with their pertinent Auditors' Report, which was issued without qualifications as in previous financial years, by PricewaterhouseCoopers, which has been renewed as the statutory auditor for the present 2008 year.

Furthermore, the Company submitted the internal control system for the entire Group to voluntary evaluation. This system has a favourable opinion from the external auditor based on the auditing standards of the PCAOB (Public Company Accounting Oversight Board), which reinforces the company's commitment to transparency, with the aim of continuing to guarantee the reliability of all the financial information drawn up by the Company. This is in addition to the completion of the process of adapting internal control of financial information to the requirements stipulated by the Sarbanes-Oxley Act (SOX), to which the entire Group has adhered.

The Shareholders' Meeting has ratified Alicia Velarde Valiente as an independent director of the Company, and she thus joins Mercedes Gracia Díez and Maria Teresa Benjumea Llorente. This ratification puts Abengoa at the cutting edge in corporate governance, with three women present in the Board of Directors, 20 per cent of total directors. The percentage of independent directors in the Company now stands at 33 per cent.

In keeping with Abengoa's statement in February 2008, profit after tax attributable to the parent Company amounted to 120.4 million euros, a 20.0 per cent increase against the previous year.

Lastly, the distribution of profit means that the dividend charged against the 2007 financial year, payable from 2 July onwards, will come to 15,379,845 euros, reporting an increase against the previous year, going from 0.16 euros per share to 0.17 euros, equivalent to a growth of 6.25 per cent.

Abengoa is a technology company that applies innovative solutions for sustainable development in the infrastructures, environment and energy sectors. It is listed on the stock market with a market cap of 2,054.57 million euros (04/04/2008), and is present in over seventy countries, in which it operates with its five Business Divisions: Solar, Bio-energy, Environmental Services, Information Technology, and Engineering and Industrial Construction (

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