/C O R R E C T I O N — International Endesa BV/

AMSTERDAM, March 11, 2011 - In the news release, "IEBV Publishes Annual Report 2010" issued on 11 Mar
2011 10:52 GMT, by International Endesa BV over PR Newswire, we are
advised by a representative of the company that in the first sentence
IEBV earned a "gross benefit" of 4,4 MM euros, and not a "net income" of
4,4 MM euros as originally issued inadvertently.
Complete, corrected release follows:

International Endesa BV (IEBV) has published the annual report of 2010.
During 2010, IEBV earned a gross benefit of 4,4 MM euros, due to its
financial activities. The company performed the management and administration
activities on its financial assets and liabilities, including ECP, MTN,
private placement, intercompany loans and financial derivatives. The annual
report of 2010 can be viewed and downloaded at the following:

www.endesa.es/Portal/es/accionistas_inversores/renta_fija_rating/r
enta_fija/programa_renta_fija/estados_financieros.htm

www.endesa.es/Portal/en/investors_new/2_fixed_income_rating/2_1_fi
xed_income_programs/Financial+Statements.htm

(Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser's URL address field. Remove the
space if one exists.)

International Endesa B.V. ("the company") was incorporated on June 10,
1993 under the laws of the Netherlands. The principal activity of the company
is to issue and manage notes and other financial instruments, and to lend the
funds to its parent company and other affiliated companies.

For more information: Francisco Ramirez Millor, Managing Director, International Endesa BV, Herengracht 471, 1017 BS Amsterdam, The Netherlands, framirez at intendesa.com, Tel: +31-20-521-87-71, Fax: +31-20-521-87-99