Repsol SA : 11/01/2013 Repsol reports the end of the trading period of the free-of-charge allocation rights corresponding to the paid-up capital increase (“Repsol Flexible Dividend”) and the transaction result.

Official Notice

C/ M éndez Álvaro, 44

28046 M adrid

España

Tel. [phone]

34 917 538 000

Fax [phone] www.repsol.com

Madrid, January 11, 2013
Following the official notices sent to the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores - CNMV) on November 28, 2012 (registration number 165,830) and on December 19, 2012 (registration number 167,400), Repsol, S.A. ("Repsol") reports the end, on January
10, 2013, of the trading period of the free-of-charge allocation rights corresponding to the paid up
capital increase implementing the "Repsol Flexible Dividend" shareholders' remuneration program.
Holders of 69.01% of free-of-charge allocation rights (a total of 866,900,145 rights) opted to receive new shares of Repsol. Therefore, the final number of shares of one (1) euro par value issued in the capital increase is 26,269,701, where the nominal amount of the increase is 26,269,701 euro, representing an increase of approximately 2.09% of the share capital of Repsol before the capital increase.
Moreover, during the period established for that purpose, the holders of 30.99% of free-of-charge allocation rights accepted the irrevocable commitment to purchase rights taken by Repsol. Consequently, Repsol acquired 389,278,581 rights for a total amount of 184,128,768.81 euro. Repsol waived the shares corresponding to the free-of-charge allocation rights acquired by virtue of the mentioned commitment.
The capital increase was closed on January 11, 2013.
It is expected, subject to compliance with all legal requirements (and, in particular, the verification by the Spanish Securities Market Commission), that the new shares will be listed on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges through the Spanish Automated Quotation System (Mercado Continuo), on January 17, 2013, being the next day the initiation of their ordinary trading. The Company will also apply for the listing of the new shares on the Buenos Aires Stock Exchange.

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