GLOBAL POWER GENERATION

Experience and innovationSolutions for the entire process of power generation

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Global Power Generation constitution as vector business growth of international power generation

Gas Natural FenosaOrigins and evolution

First gas company founded in Spain.

1843

Pioneer in distribution of natural gas in the Iberian Peninsula.

1969

Creation of Gas Natural SDG and integration of the gas distribution sector in Spain (merger of Catalana de Gas, Gas Madrid and Repsol Butano's gas pipeline assets).

1991

Start of international expansion in Latin America, entering Argentine market.

1992

First electricity sales in the liberalised Spanish market.

2000

Acquisition of Unión Fenosa concluded.

2009

Launch of Gas Natural Fenosa brand.

2010

Acquisition of the Compañía General de Electricidad in Chile.2014

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Gas Natural FenosaA leading group in energy sector

Our energy mix is rich, diversified, competitive and environmentally friendly.

Top gas and electricity utility in Spain and Latin America.

Spanish natural gas market leader.

Electricity and gas distribution in Spain with 8.9 millions of costumers.

15,959 professionals.53% in Spain, 47% overseas.

Main LNG supplier in the Mediterranean and Atlantic basins (30 bcm p.a.).

20 million of clients .15.4 GW installed capacity.

Presence in 25 countries. A pioneer in gas and electricity integration.

10 LNG tankers.

2 LNG liquefaction plants.3 LNG re- gasification plants.

Major operator of combined cycle power plants with 9,300 MW installed

capacity.

34,4 TWh of electric power generated in Spain.

Strong presence in the energy markets of Spain, Mexico, Chile, Brazil and

Colombia.

2015Financials.EUR 5.264 billion ebitda .EUR 1.5 billion net profit.

EUR 46.9 billion assets.

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Extensive power generation experience

Global Power Generation came to life with 2,944 MW of generating capacity in operation and a large project pipeline. It operates in Mexico, with 2 GW of installed power in combined cycle plants; and in Puerto Rico, Costa Rica, Panama, the Dominican Republic and Kenya, using different generation technologies.

power generation amounts 13 GW, 7 GW of which stems from natural gas combined-cycle plants, 2 GW hydroelectric, 2 GW are coal-fired power plants and the other 1 GW of which is generated by wind energy. This mix is complemented by nuclear energy.

Powergeneration

Gas and electricitydistribution

15.4 GW of installed power in combined cycle, nuclear, coal-fired, hydroelectric power stations, wind farms.

Commercialisation TradingCommercialisation Trading

In addition GPG manages assets for third parties: La Caridad, Mexico: Combined cycle with a power of 516 MW, owned by

Mexico Generating Energy, Grupo México Bujagali, Uganda: Hydroelectric with a power of 250 MW, owned by Bujagali

Energy Ltd

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Global Power Generation. GPG

According to the International Energy Agency (IEA), new generating capacity installment requirements through 2035 are 248 GW in Latin America and 2,688 GW in Asia and Oceania.

Creating Global Power Generation responds to the interest of Gas Natural Fenosa to accelerate and enhance the growth of the generation business internationally and to evaluate investments in new markets outside Europe, where it is anticipated that the needs of new generation will be concentrated in the near future.

Investment

Developing investment opportunities in power plants.

Developer of generation projects.

ServicesEngineering & O&MA Service provider who thinks as an owner.Selling to third parties power generation engineering and operation and maintenance services.

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GPG shareholding

75%

25%

GPG is a subsidiary of Gas Natural Fenosa and one of the biggest sovereign funds, Kuwait Investment Authority.

Both shareholders have shown their strong commitment to the company as one of their more relevant growth vehicles

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GPG Management TeamOrganization Chart

Chief EngineeringOfficer

Ricardo Izquierdo

Chief ConstructionOfficer

Ricardo Villanueva

Lluis NogueraCEO

Chieff Operations OfficerFrancisco Antonio Bustío

Chieff Corporate OfficerAlfonso Egaña

Phil CoxChairman

Former positions:• CEO of International Power• CFO of International Power• Ops. Director Invensys

Other board positions• Chairman DRAX (UK)• Board Wincanton (UK)• Board Meggitt Plc (UK)

Former positions:• M&A Director GNF• Inv. Banking JP Morgan

Other board positions• Board Gasco (Chile)• Board ECA (Colombia)• Board CEG /CEG Rio (Brazil)

This presentation is owned by Gas Natural Fenosa. Both its thematic content and graphic design is for the exclusive use of its staff.

©Copyright Gas Natural SDG, S.A.

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