Repsol

Investment and divestments

Investment in fixed assets and companies: (million euros)	2001	2002	2003	2004	2005	2006	2007	2008
Total investments	4,456	2,673	3,837	3,747	3,713	5,737	5,373	5,586
Divestments	1,237	2,558	228	261	581	478	1,273	1,721

Related press releases:

19/12/2008 Repsol sells its Brazilian service station network
17/09/2008 Repsol has initiated the expansion of its Sinex Petrochemical Complex in Portugal
05/06/2008 Repsol reaches agreement on the sale of service stations in Ecuador (Only available in Spanish)
21/05/2008 Repsol YPF completes the sale of 14.9% of YPF to the Petersen Group
08/01/2008 Repsol approves the largest industrial investment ever made in Spain
21/12/2007 Repsol YPF and the Petersen Group sign an agreement for the sale of up to 25% of YPF
19/12/2007 Repsol sells to Deutsche Bank another 5% of CLH for 176.5 million euros
11/12/2007 Repsol sells to Deutsche Bank 5% of CLH for 176.5 million euros
31/10/2007 Repsol YPF - Terpel agree on the sale of service stations in Chile
30/07/2007 Repsol sells Tower Block designed by Norman Foster to Caja Madrid (Only available in Spanish)

Shareholder Information Office 900 100 100
Paseo de la Castellana 278-280
28046 Madrid Spain
infoaccionistas@repsol.com

Communication channel with the Repsol YPF Auditing and Control Committee.