ENDESA Makes Announcement (Relevant Fact).

NEW YORK -- In response to the request by the CNMV today, ENDESA (NYSE:ELE) considers that the statements contained in the notice of the interim gross dividend payment announced today are consistent with page 38 of the presentation submitted by ENDESA, S.A. to the CNMV, entitled "ENDESA: Stronger business, greater value. 9M 2005 results: Accomplishing Commitments". We base our argument on the following:

1. The company's dividend policy is subject to approval at the General
   Shareholders' Meeting.

2. Yesterday, ENDESA's Board of Directors agreed to pay an interim
   gross dividend of Euro 0.305 per share.

3. This is consistent with the payment of other interim dividends,
   fully in line with the company's current ratios and prevailing
   legislation.

* 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.

For additional information please contact Alvaro Perez de Lema, North America Investor Relations Office, telephone # [phone] http://www.endesa.es