Madrid, July 8, 2008. – Telvent, Befesa and Page announced today that they will handle the maintenance, the update, and the exploitation of the Automated Hydrological Information System (AHIS) of the Andalusian Mediterranean Basin (AMB). The contract, awarded to the joint venture by the Andalusian Water Agency, exceeds 3.2 million euros.

One of the aims of the AMB is to improve water distribution and quality, as well as ensure its supply, for which optimal operation of the hydrological information network is essential. The maintenance of that network will enable the integrated and sustainable management of the AHIS. This system offers basic, quality, real-time information on hydrological conditions and, in general, on the status of the entire basin: ranging from precipitation in a given place to reservoir and river levels in the area.

At present, drought and flooding are two of the meteorological phenomena that warrant most attention. The system update and exploitation phases of the project, including the installation of new sensors and cleaning channels of rivers and canals, will facilitate more accurate measures of the level of circulating water. That information will help in early decision-making in order to deal with these problems, thereby minimizing the impact of potential swells, overflows, floods, etc.

Finally, those aspects of the network more limited at present will be improved, from the viewpoint of the potential benefits of the system, with a view to increasing both their reliability and profitability.

Telvent, Befesa, and Page already manage several AHIS nationally. This new contract places them among the leading companies in this sector, with a concern for managing the control of a resource as crucial as water. These works will allow the Companies not only to provide service for the existing installations, but also to propose potential technological enhancements for improving management of water resources in the region.

The southern basin encompasses an area of almost 18,500 Km2 throughout the easternmost area of Andalusia, providing service to a population of over two million inhabitants, to which are added, at least once a year, another 600,000 people who choose the region for their vacation destination. Tourism and intensive greenhouse-based agricultural activity have become the main economic assets inthe basin. Achieving optimal and efficient management of water resources is therefore a key factor in protecting these economic assets and ensuring supply to the population.

About Telvent

Telvent (NASDAQ: TLVT) is a unique global company listed on the NASDAQ Stock Exchange and a component of the CleanTech IndexTM —the first, and only, stock market index of leading clean technology ("cleantech") companies.

Telvent, the IT Company for a sustainable and secure world, specializes in high-value-added products, services and integrated solutions in the Energy, Transportation, Environmental and Public Administration industry segments, as well as Global 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)

About Befesa

Befesa, the environmental services subsidiary of Abengoa, international company specializing in integrated management of industrial waste, and the management of water and generation, focuses on providing environmental services to industry and construction of environmental infrastructure. The Company quoted on the stock exchange closed the year 2007 with a capitalization in excess of 550 million euros. (www.befesa.com)

About Page Iberica

Page Iberica S.L. (Page), which operates in the systems integration within the telecommunications, electronics, computer and multimedia technologies, counts among its references in this area with the original installation of this network Hidrosur. This award represents the recovery of maintenance that has held over several periods biannual. In this environment, Page has done, too, installation and maintenance of information networks Quality of Water (SAIC) of the Duero basin.

Investor Relations Contacts

Bárbara Zubiría
Tel. +34 902 335599
Email: barbara.zubiria@telvent.com

Lucia Domville
Tel. +1 646 284 9416
Email: ldomville@hfgcg.com

Communication Department Contact

Patricia Malo de Molina
Tel. +34 954 93 71 11
Email: comunicacion@abengoa.com