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The organization and working of the Shareholders Annual General Meeting is regulated by Corporative Bylaws 14-20 of ELCOGAS, S.A. In this respect, the duly convened shareholders constituted as the General Meeting decide by majority on the matters within the meeting's scope. All shareholders are bound by its decisions, including dissidents and those who did not take part.

Participation of minority shareholders is guaranteed, they being given the power to call the General Meeting when this is done by a minimum representing at least five per cent.


SHAREHOLDERS Krupp Koppers Siemens ENEL Energías de Portugal Hidrocantábrico Iberdrola Generación EDF Internacional ENDESA Generación