Changes in Endesa's Board of Directors.

NEW YORK -- At the meeting held on May 24th, 2005, Endesa's (NYSE:ELE) Board of Directors voted unanimously to put forward at the next shareholders' meeting scheduled for 27 May (second call) and as the 7th point on the agenda a resolution to re-elect the following Board members: Mr. Blesa de la Parra, as type c) member pursuant to Article 37 of the company's Articles of Association, Mr. Pizarro Moreno and Mr. Miranda Robredo, as type a) members pursuant to the aforementioned Articles of Association and Mr. Ramos Gascon, type b) member.

The Board of Directors has unanimously voted to put forward at the next shareholders' meeting as the 8th point on the agenda a resolution to appoint the following the new members to its Board: Mr. Rosell Lastortras and Mr. Recarte Garcia-Andrade, both type b) members pursuant to Article 37 of the Company's Articles of Association. The Appointments and Remuneration Committee has received prior notification of this proposal.

Juan Rosell Lastortras holds a degree in Industrial Engineering from the Barcelona Polytechnic University. He is chairman of the Spanish Labour Promotion office and vice chairman of the CEOE (employees' association). He is also chairman of the Fecsa Endesa consultative committee and the companies Congost Plastic and OMB, (integrated systems for urban cleaning). He was chairman of Enher between 1992 and 1997 and of Fecsa between 1999 and 2002.

Alberto Recarte Garcia Andrade holds a degree in Law and Economic Science from the Madrid Complutense university and is a qualified State economist. He also worked as General Manager of President of Spain's office. Since March 1982 he has been the executive vice chairman and CEO of engineering group CENTUNION. He is a member of the Board of Caja Madrid and member of the executive committee and Board member of Corporacion Caja Madrid.

* This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Folleto Informativo Continuado of Endesa filed within the Comision Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2003. For all of these forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.