Repsol, S.A.

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repsol.com

Official Notice

Madrid, January 9, 2020

Following the official notices registered with the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores - CNMV) on October 31, 2019, November 27, 2019 and December 11, 2019, Repsol, S.A. ("Repsol") announces the end, on January 7, 2020, of the trading period of the free allocation rights corresponding to the paid up capital increase implementing the "Repsol Flexible Dividend" shareholders' remuneration program.

Holders of 83.50% of free allocation rights (a total of 1,275,378,225 rights) opted to receive new shares of Repsol. Therefore, the final number of shares of one (1) euro par value issued in the capital increase is 38,647,825, where the nominal amount of the increase is 38,647,825 euros, representing an increase of approximately 2.53% of Repsol´s share capital before the capital increase.

Moreover, during the period established for that purpose, holders of 16.50% of free allocation rights accepted the irrevocable commitment to purchase rights taken by Repsol. Consequently, Repsol acquired 252,017,771 rights for a total amount of 106,855,534.904 euros. Repsol has waived the shares corresponding to the free allocation rights acquired by virtue of the mentioned commitment.

The capital increase has been closed on January 9, 2020.

According to timetable of the execution of the capital increase, the cash payment to shareholders who sold the free allocation rights to Repsol will be made today (*).

It is expected, subject to compliance with all legal requirements (and, in particular, the verification by the Spanish Securities Market Commission), that the new shares will be listed on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges through the Spanish Automated Quotation System (Mercado Continuo), on January 22, 2020, and on January 23, 2020 the initiation of their ordinary trading.

(*) The expected date for payment in cash to holders of American Depositary Shares may have certain specialties.

The information included in this document is published pursuant to the provision of article 226 of the Spanish Securities Market Law.

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Repsol SA published this content on 09 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2020 18:27:05 UTC