Investor Presentaiton

AL Modification of D&A reflects expected useful life extension of Nuclear and CCGT plants EV endesa CCGTS 25 years D&A life 40 years Current D&A life From Q4 2014 Nuclear 50 years 40 years Current D&A life From Q4 2014 Coal ■Imported coal plants useful life extended until 2035 starting from July 1, 2014 (as a result of Environmental Investments and Life Extension investments) 66

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