Press Release

In relation to the court procedure being handled at Commercial Court No. 1 of Bilbao, requesting the annulment of the resolution passed by the General Meeting of Shareholders of Iberdrola on 26 March 2010, whereby the Director appointed by ACS was removed using their right of proportional representation, today we have received notice of a judgment dismissing said request and, disagreeing with the contents of said judgment, ACS has decided to lodge the relevant appeal for review, which is to be resolved by the Provincial Appellate Court of Vizcaya.