Repsol

Official Notice

Press Release

24 February 2010 20:58 CET

The Board of Directors of Repsol YPF unanimously agreed in a meeting today to propose to the next annual general shareholders’ meeting a final gross dividend of 0.425 euros per share against 2009 earnings to be paid from July 8, 2010 (Note to ADS’s holders: Owners of record of ADS’s at the closing of business of July 7 2010 would be entitled to receive such dividend when payable by the Bank of New York Mellon, which is expected to be on July 19 2010). 

With this proposal, which must be approved in the annual general shareholders' meeting, the total gross dividend for 2009 will be 0.85 euros per share, which represents a 19% decrease from the previous year. 

The dividend from 2009 earnings amounts to 1.038 billion euros. 

Since 2004, Repsol has increased shareholder return by 70%. 

The Board of Directors also unanimously agreed, at the proposal of the Nomination and Compensation Committee, to include in the agenda of the next annual general shareholders' meeting the re-election of the following board members for a period of four years:

• Ms. Paulina Beato Blanco.
• Mr. Artur Carulla Font.
• Mr. Javier Echenique Landiribar.
• Mr. Henri Philippe Reichstul.   

Similarly, following a report from the Nomination and Compensation Committee, the Board of Directors, by unanimous consent, agreed to include in the agenda of the next annual general shareholders’ meeting the re-election of Pemex Internacional España, S.A. as Director of the Company for a four-year period.