Repsol

Information regarding the General Shareholders Meeting and the resolutions

Repsol YPF, S.A. held its Ordinary General Shareholders Meeting on May 14th, 2009, on second call, 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 36,853, holding a total of 810,137,066 shares, that represent 66.3577 % of the Companys 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 2008 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 the following:

Resolutions		Number of shares	Over the share capital attending the meeting
1. Approval 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 2008, of the proposal of application of its earnings and of the management by the Board of Directors during said year.	In favor	610,324,265	94.244
	Against	174,202	0.027
	Abstained	37,100,694	5.729
2.1. Re-election as Director of Mr. Luis Suárez de Lezo Mantilla.	In favor	609,045,147	94.047
	Against	26,161,547	4.040
	Abstained	12,392,467	1.914
2.2 Appointment as Director of Mrs. María Isabel Gabarró Miquel.	In favor	610,334,514	94.246
	Against	24,876,499	3.841
	Abstained	12,388,148	1.913
3. Re-election of Deloitte, S.L. as the Accounts Auditor of Repsol YPF, S.A. and of its Consolidated Group.	In favor	609,003,154	94.040
	Against	532,484	0.082
	Abstained	38,063,523	5.878
4. Authorisation to the Board of Directors, with express power of delegation, for the derivative acquisition of shares of Repsol YPF, S.A., directly or through controlled companies, within a period of 18 months from the resolution of the Shareholders Meeting, leaving without effect the authorisation granted by the Ordinary General Shareholders Meeting held on May 14, 2008.	In favor	633,853,063	97.877
	Against	1,443,745	0.223
	Abstained	12,302,353	1.900
5. Delegation to the Board of Directors of the power to issue debentures, bonds and any other fixed rate securities of analogous nature, simples or exchangeables by issued shares of other companies, as well as promissory notes and preference shares, and to guarantee the issue of securities by companies within the Group, leaving without effect, in the portion not used, the eighth resolution of the General Shareholders’ Meeting held on May 31, 2005.	In favor	605,604,949	93.515
	Against	2,504,393	0.387
	Abstained	39,489,819	6.098
6. Delegation of powers to supplement, develop, execute, rectify and formalize the resolutions adopted by the General Shareholders' Meeting.	In favor	610,589,324	94.285
	Against	58,837	0.009
	Abstained	36,951,000	5.706