Announcement - DESFA sale process

In the context of the sale process for the 66% (31% stake owned by HRADF and 35% stake owned by HELPE) of the share capital of DESFA S.A., sellers ELPE and TAIPED proceeded on 16 April 2018, according to the terms of the process, to the unsealing of the improved financial offers of the following two investment schemes:

1) The Consortium composed of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A.

2) The Consortium composed of Regasificadora del Noroeste S.A., Reganosa Asset Investments S.L.U., S.N.T.G.N. Transgaz S.A. and European Bank for Reconstruction and Development (EBRD).

According to the terms of the above tender process, the sellers asked the consortium of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A., which submitted the highest offer, to submit a further improved financial offer, which will be assessed from the sellers.