Gas Natural SDG, S.A. (BME:GAS) commences share repurchases on January 1, 2016 under the program mandated by the Annual General Meeting held on May 14, 2015. As per the mandate, the company is authorized to repurchase up to a total maximum amount of 10% of the share capital or the maximum figure applicable under the legislation in force at the time of acquisition, provided that the shares acquired directly or indirectly plus those already held by the company and its subsidiaries never exceed 10% of subscribed capital or such other limit as may be established by law. The minimum and maximum purchase price is the share price listed on Spain's electronic market, plus or minus 5%.

The shares will be repurchased on Stock Exchange. The repurchase program will be valid for 5 years.