Repsol

- What are ADRs?

ADR is the acronym for American Depositary Receipt.

ADRs are financial instruments issued by foreign companies listed in U.S. stock exchanges. These instruments are deposited at a custodian bank, which creates a security that evidences ownership to a specified number of shares. With respect to Repsol YPF, one ADR equals one share.

- In which stock exchanges are Repsol YPF shares listed?

Repsol YPF shares are listed in following stock exchanges:

• The Spanish Stock Exchange Continuous Markets: Madrid, Barcelona, Bilbao and Valencia
• The Buenos Aires Stock Exchange                

It is possible to track the shares performance in any of these markets, its comparison with other companies in the sector and several stock market indices by viewing the on real-time ticker at the Repsol YPF website under the Economic-Financial Information section accessible from the Information for shareholders and Investors section.

- How can shareholders know the current value of their investment in Repsol YPF shares?

Repsol YPF's website offers shareholders a simple page in the "Current investment value" section where they can obtain the current value by entering information on their initial investment.

- What is the symbol for Repsol YPF shares in different stock exchanges?

The symbol for Repsol YPF shares in each of the stock exchanges where it trades is as follows:

• In Reuters:
  - REP.MC for the Madrid Stock Exchange Continuous Market.
  - REPYY.PK for the OTCQX Market.
  - REP.BA for the Buenos Aires Stock Exchange.
• In Bloomberg:
  - REP SM for the Madrid Stock Exchange Continuous Market.
  - REPYY US for the OTCQX Market.
  - REP AR for the Buenos Aires Stock Exchange.