ENEL: CLARIFICATION REGARDING STAKE IN WEATHER INVESTMENTS

Published on Friday, 6 October 2006

Rome, 6 October 2006 – At the request of Consob, the Italian public authority regulating Italian capital markets, with regard to information reported on 20 September and 5 October 2006 by Il Sole 24 Ore, Enel affirms that there has been no change in the status of its equity investment of 26.1% in Weather Investments (Weather) with respect to that announced in Enel’s press release of 8 February 2006.

Specifically, Enel’s stake in Weather is restricted by a series of lock-up undertakings to permit Weather to proceed with its plan to become a listed company when market conditions are favourable.

Under the terms of the shareholders’ agreement in force, Enel may not dispose of its holding in Weather until the latter or a company of its group is listed on a stock exchange or the shareholders’ agreement itself expires (five years from August 2005, unless otherwise agreed by the parties).

Such agreement also establishes that the listing of a Weather group company (which includes Wind) other than Weather itself shall require the approval of Enel.

To date Enel has not been asked to examine any plan for listing Wind, nor are any negotiations for the sale of Enel’s stake in Weather under way.

Price Sensitive | October, 06 2006

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