ENDESA Announces Interim Dividend for 2005.

NEW YORK -- At its meeting of 15 November 2005, ENDESA's (NYSE:ELE) Board of Directors has agreed to pay a gross interim dividend charged against 2005 earnings of Euros 0.305 per share.

This dividend will be paid to ENDESA, S.A. shareholders on 2 January 2006 through the banks and other financial institutions to be announced at a later date.

As a result, ENDESA shares will go ex-dividend on 2 January 2006.

The amount of the interim dividend implies a 12.1% increase from the 2004 interim dividend paid in January and is in line with the commitment announced to the market on 3 October in the document "ENDESA: Stronger business, greater value."

It is based on ENDESA, S.A's results to 30 September 2005, which do not include the capital gains generated from the sale of Auna on 8 November 2005. The dividend corresponding to this capital gain will be agreed once it has been booked by ENDESA, S.A.

- 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 Documento de Registro de Acciones 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, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.