Repsol

Information regarding the General Shareholders' Meeting and the resolutions

Repsol YPF, S.A. held its General Shareholders Meeting on April 15th, 2011, on second call, at 12:00 at Palacio Municipal de Congresos, Avenida de la Capital de España-Madrid, without number, Campo de las Naciones. The number of shareholders who attended or were represented in the meeting was 35,700, holding a total of 821,095,626 shares, that represent 67.255 % of the Company’s share capital. The Chairman and Chief Executive Officer of Repsol YPF, Mr. Antonio Brufau Niubó, after declaring the existence of quorum, informed shareholders of the Company’s most relevant events happened on the 2010 fiscal year ended. Following the presentation, a question and answer period began with the Chairman answering to shareholders queries. Once this period finished, the shareholders voted the proposals of resolution submitted by the Board of Directors concerning each of the items of the Agenda. The vote to the proposals of resolution corresponding to each of the items of the Agenda was as follows:

Resolutions		Number of shares	Percentage over the share with voting rights attending the meeting
First. Review and approval, if appropriate, of the Annual Financial Statements and the Management Report of Repsol YPF, S.A., of the Consolidated Annual Financial Statements and the Consolidated Management Report, for the fiscal year ended 31st December 2010, and of the proposal of application of its earnings.	In favour	664,376,571	99.965%
	Against	90,653	0.014%
	Abstained	138,863	0.021%
Second. Review and approval, if appropriate, of the management by the Board of Directors during said year.	In favour	653,525.750	98.333%
	Against	4,497,642	0.677%
	Abstained	6,582,695	0.990%
Third. Appointment of the External Auditor of the Company and its consolidated Group for 2011 fiscal year	In favour	662,586,049	99.696%
	Against	1,014,923	0.153%
	Abstained	1,005,115	0.151%
Fourth. Amendment of Articles 9, 11, 19, 24, 27, 29, 32, 39, 44, 50 and 56 of the By-Laws; and of articles 3, 5, 8, 13, 14 y 15 of the Regulations for the General Shareholders Meetings.	In favour	660,677,276	99.409%
	Against	1,397,189	0.210%
	Abstained	2,531,622	0.381%
Fifth. Amendment of Article 52 of the By-Laws, related to the application of the earnings.	In favour	664,068.124	99.919%
	Against	130,922	0.020%
	Abstained	407,041	0.061%
Sixth. Amendment of Articles 40 and 35of the By-Laws, related to the posts and meetings of the Board of Directors.	In favour	659,279,646	99.199%
	Against	3,972,590	0.598%
	Abstained	1,353,851	0.204%
Seventh. Re-election as Director of Mr. Antonio Brufau Niubó.	In favour	548,540,616	83.997%
	Against	80,044,446	12.257%
	Abstained	24,460,875	3.746%
Eighth. Re-election as Director of Mr. Luis Fernando del Rivero Asensio	In favour	652,249,957	98.141%
	Against	9,084,325	1.367%
	Abstained	3,271,805	0.492%
Ninth. Re-election as Director of Mr. Juan Abelló Gallo.	In favour	652,305,622	98.149%
	Against	9,024,315	1.358%
	Abstained	3,276,010	0.493%
Tenth. Re-election as Director of Mr. Luis Carlos Croissier Batista.	In favour	661,921,474	99.596%
	Against	908,115	0.137%
	Abstained	1,776,498	0.267%
Eleventh. Re- election as Director of Mr. Ángel Durández Adeva.	In favour	662,138,233	99.629%
	Against	1,611,048	0.242%
	Abstained	856,806	0.129%
Twelveth. Re-election as Director of Mr. José Manuel Loureda Mantiñán.	In favour	647,550,869	97.434%
	Against	11,482,567	1.728%
	Abstained	5,572,651	0.838%
Thirteenth. Appointment as Director of Mr. Mario Fernández Pelaz.	In favour	662,276,701	99.650%
	Against	653,007	0.098%
	Abstained	1,676,379	0.252%
Fourteenth. Delivery shares plan for the beneficiaries of the multiannual compensation plan.	In favour	644,301,950	96.945%
	Against	14,919,212	2.245%
	Abstained	5,384,925	0.810%
Fifteenth. Acquisition shares plan 2010-2012.	In favour	660,195,839	99.336%
	Against	2,001,568	0.301%
	Abstained	2,408,680	0.362%
Sixteenth. Authorization for the issue of fix rent securities, convertible and/or exchangeable for shares of the Company or exchangeable for shares of other companies, and warrants, with the power to exclude, in full or in part, the pre-emptive subscription rights of shareholders.	In favour	639,491,756	96.221%
	Against	22,014,168	3.312%
	Abstained	3,100,163	0.466%
Seventeenth. Delegation of the Powers to complement, develop, execute, amend and formalize the resolutions adopted by the General Shareholders Meeting.	In favour	664,120,545	99.927%
	Against	308,091	0.046%
	Abstained	177,451	0.027%