Company Profile For Union Fenosa, S.A.

Union Fenosa SA is a Spain-based energy company. It is primarily specialized in the generation, distribution and commercialization of energy and natural gas. Additionally, the Company is engaged in the exploration, production and refining of crude oil, the sale and transport of petroleum derivates, and operations in the coal mining sector. The Company operates in Spain, Mexico, Colombia, Moldova, Kenya, Nicaragua, Costa Rica, the Dominican Republic, Guatemala, Panama and Portugal. The Company conducts gas and carbon exploration activities in Egypt, Oman and the Republic of South Africa. In July 2008, Union Fenosa SA started its operations in Australia to develop 800 megawatts (MW) of wind energy. In addition, Union Fenosa SA is engaged in the broadcasting sector, as it has its Union Fenosa television. Through its affiliated company, Indra Sistemas SA, Union Fenosa SA provides information systems, as well as human resources and management services.

BRIEF: For the six months ended 30 June 2009, Union Fenosa Group's total revenue decreased 5% to EUR3.26B. Net income for the period increased 3% to EUR672.5M. Total revenue reflects lower sales in the Distribution and Gas business segments especially in Spain and OECD countries. Net income for the period benefited from higher gain on equity investment as well as from improved gross margin due to lower fuel expenses.

Union Fenosa, S.A.
Avda. de San Luis no 77
Madrid   MAD   28033
P: +34900.121900

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