Enagás to invest €2.1Bn between 2013 and 2015

 The strategic priorities will focus on the regulated asset
business in Spain
 Enagás will capitalise on its LNG experience and on its
complex network management to continue the prudent
internationalisation process it began in 2011
 The company plans to raise its pay-out to 75% in 2013
 In 2013, conventional demand for natural gas in Spain will
grow around 1%, after reaching a record high in 2012

Madrid, 5-3-2013 — /europawire.eu/ — Enagás will invest €2.1Bn in the 2013-2015 period, as stated by the company today at the presentation of its Strategic Plan update.

Enagás’ strategy for the coming years will continue to prioritise the
regulated asset business in Spain, where there is still room for investing in
infrastructure that contributes to reinforcing supply security, such as the
regasification plants in the Canary Islands. Moreover, the company will
continue with the internationalisation process that it began in 2011. The
strategic focuses will be as follows:

1) Capitalise on Enagás’ experience as a TSO (Transmission System
Operator) in order to take positions in the integration of the
European gas market, through alliances and minority stakes in
different projects.

2) Reinforce Enagás’ position as a global specialist in LNG regasification,
bringing out the value of the company’s knowledge and experience in
this activity.

3) Develop natural gas infrastructures in markets with growth and
regulatory stability, such as Mexico and Chile, where Enagás is
already present.

The company will invest in new international projects, provided that they fit
into its core business and enable it to maintain a similar risk and
profitability level to the current business. Moreoever, they must provide
stable and predicatble cash flow, maintaining debt within the limits
established in the Strategic Plan.

Investment and Financial Objectives for 2013-2015
Enagás will invest an average of €700Mn per year between 2013 and 2015,
which adds up to a total of €2.1Bn.

Enagás has sufficient financial resources, with a good cost, for all its needs
during the 2013-2015 period.

The objectives are to maintain an average net profit growth of around 4%
and a dividend increase of approximately 6%.

The company has established prudent objectives as a result of the current
econonic crisis.

2013 objectives
In 2013, Enagás plans to increase net profit by around 5.5% on 2012 and
bring assets worth €550MMn into operation.

Moreover, the company plans to approve an increase in the pay-out to 75%
for 2013. This improvement in the shareholder remuneration policy must be
approved at the General Shareholders’ Meeting in 2014.

The company expects to end 2013 with around 1% growth in conventional
demand.

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Communications Department and
Institutional relations
Tel.: 917 099 340
dircom@enagas.es
www.enagas.es