Endesa´s Public Offering 2014

In November 2014, Enel carried out an operation to sell shares in the institutional and retail market increasing its holding in Endesa's share capital from 92.06% to 70.14%.

The operation was carried out through a Public Offer of Sale in Spain aimed at retail investors (POS) and an offer addressed to Spanish and international institutional investors (institutional offer), an operation that was appreciated by both large market operators and private investors, to the extent that the demand for retail shares was approximately 1.7 times higher than the volume originally planned. At the end of the operation, 232,070,000 shares (34,810,500 for the POS and 197,259,500 for the institutional offer) were allocated, equivalent to 21.92% of the corresponding share capital, for a total amount of 3,132,945,000 euros.