The company will hold its Annual Shareholders Meeting on May 9th

Repsol YPF increases its dividend by 20%

Press Release 29/03/2007 17:50
  • Greater level of requirements: more than 500 analyzed firms in this edition versus the 150 firms in last year’s edition.
  • For the 3rd consecutive year, Repsol YPF maintains its leadership position amongst the Ibex-35 listed companies.

Repsol YPF’s Board of Directors has resolved to propose, at the next Annual General Shareholders’ Meeting, a total gross dividend against 2006 of 0.72 euros per share, representing a 20% increase with respect to the previous year’s total dividend.

The final gross dividend against 2006 (0.36 euros per share) will be transferred to the Depositary, Bank of New York, on July 5th 2007. Owners of record of ADS’s at the closing of business of July 3rd 2007 will be entitled to receive such dividend when payable by the Bank of New York which is expected to be on July 13th 2007.  

With this proposal, the total dividend for 2006 will increase to 879 million euros, in line with the double digit annual dividend growth policy, previously announced by Repsol YPF’s Chairman and CEO, Antonio Brufau. 

In addition, the Board of Directors resolved to pay an attendance premium of 0.02 euros per share, as well as, to propose the appointment of Mr. Luis Carlos Croissier and Mr. Angel Durández, as new independent outside directors of the company.

DIVIDEND PER SHARE
INFORMATIVE ANNEX

Mr. Luis Carlos Croissier Batista

Arucas (Las Palmas), 1950. He has been the profesor in charge of economic policy of the Universidad Complutense of Madrid. During his long professional tenure, amongst other positions, he was Subsecretary of the Ministry of Industry and Energy, President of the National Institute of Industry (Instituto Nacional de Industria, I.N.I.), Minister of Industry and Energy and President of Spanish Securities Market Commission (Comision Nacional del Mercado de Valores).

Mr. Angel Durández Adeva

Madrid, 1943. BA Economics, Profesor of Commerce, chartered accountant and founding member of the Registry of Economic Auditors. He joined Arthur Andersen in 1965 where he was Partner from 1976 to 2000. Up to March, 2004 he directed the Euroamerica Foundation, of which he was founder, entity dedicated to the development of business, political and cultural relationships between the European Union and the different Latin American Countries.