Rule 8.3- Iberdrola, S.A.

Banco Bilbao Vizcaya Argentaria SA 22 December 2006 FORM 8.3(1) DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION Name of person dealing (Note 1) BANCO BILBAO VIZCAYA ARGENTARIA S.A. Company dealt in IBERDROLA, S.A. Class of relevant security to which the IBERDROLA (ES0144580018) dealings being disclosed relate (Note 2) Date of dealing 21 December 2006 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) Long Short Number Number (%) (%) (1) Relevant securities 67,596,498 7.498% (2) Derivatives (other than options) -29,534,960 -3.276% (3) Options and agreements to purchase/sell(2) -69,566,672 Total(3) 67,596,498 7.498% -99,101,632 (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) Class of relevant security: Long Short Number Number (%) (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total (c) Rights to subscribe (Note 3) Class of relevant security: Details 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5) Trade Date Sell 3,900 33.10 21/12/2006 Sell 658 33.09 21/12/2006 (b) Derivatives transactions (other than options) Product name, Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5) e,g, CFD Futures Long 3,900 32.91 (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e,g, Expiry Option money purchasing, to which the option American, e,g, call option varying etc, relates (Note 7) price European etc, date paid/received per unit (Note 5) OTC Call Option Purchase 6,553 33.1 European 17/08/2009 - (basket) OTC Call Option (basket) Varying 3,021 33.1 European 13/06/2008 - (ii) Exercising (*) Product name, e,g, call option Number of securities Exercise price per unit (Note 5) (*)These trades were early terminated on 21/12/2006, (d) Other dealings (including new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) 4, OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced, If none, this should be stated, Is a Supplemental Form 8 attached? (Note 9) YES Date of disclosure December 22, 2006 Contact name Ricardo Laiseca Jesus Maria Cadenato Telephone number 34 91 537 82 13 34 91 374 34 58 If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10) Notes The Notes on Form 8,3 can be viewed on the Takeover Panel's website at www,thetakeoverpanel,org,uk SUPPLEMENTAL FORM 8 DETAILS OF OPEN POSITIONS (This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate) OPEN POSITIONS (Note 1) Trade Product name Written or Number of Exercise Type Expiry NOTE Date purchased securities Price date to which the option or derivative relates 12/10/ Equity Swaps Written 1.000.000 EURIBOR 1M N/A 17/04/2007 Cash Settlement 2006 20/10/ Equity Swaps Written 500.000 EURIBOR 1M N/A 17/04/2007 Cash Settlement 2006 30/10/ Equity Swaps Written 500.000 EURIBOR 1M N/A 02/02/2007 Cash Settlement 2006 30/10/ Equity Swaps Written 3.500.000 EURIBOR 1M N/A 05/07/2007 Cash Settlement 2006 15/11/ Equity Swaps Written 11.019.560 EURIBOR 1M N/A 18/05/2007 Cash Settlement 2006 15/11/ Equity Swaps Written 5.000.000 EURIBOR 1M N/A 18/05/2007 Cash Settlement 2006 30/10/ Equity Swaps Written 12.000.000 EURIBOR 1M N/A 10/01/2007 Cash Settlement 2006 07/12/ Forward OTC Written 500.000 33,74 N/A 29/12/2006 2006 14/12/ Forward OTC Purchase 4.330.000 33 - 12/01/2007 2006 N/A Futures Purchase 12.900 N/A N/A mar-07 Futures & Options Exchange (Cash Settlement) N/A Futures Purchase 100.000 N/A N/A jun-07 Futures & Options Exchange (Cash Settlement) N/A Futures Purchase 41.700 N/A N/A mar-07 Futures & Options Exchange (Cash Settlement) N/A Call Option Written 360.000 30 European mar-07 Futures & Options Exchange (Cash Settlement) N/A Call Option Written 10.000 33 European mar-07 Futures & Options Exchange (Cash Settlement) Call Option Written 30.000 34 European mar-07 Futures & Options Exchange (Cash Settlement) Call Option Written 500.000 34 American 16/03/2007 Futures & Options Exchange (Cash Settlement) N/A Put Option Written 20.000 23 European mar-07 Futures & Options Exchange (Cash Settlement) N/A Put Option Written 20.000 24 European mar-07 Futures & Options Exchange (Cash Settlement) N/A Put Option Written 20.000 25 European mar-07 Futures & Options Exchange (Cash Settlement) N/A Put Option Written 20.000 26 European mar-07 Futures & Options Exchange (Cash Settlement) N/A Warrant Call Written 187.500 35,00 European 15/06/2007 Cash Settlement N/A Warrant Call Written 187.500 37,00 European 15/06/2007 Cash Settlement N/A Warrant Call Written 187.500 39,00 European 15/06/2007 Cash Settlement N/A Warrant Call Written 187.500 25,00 European 16/03/2007 Cash Settlement N/A Warrant Call Written 187.500 26,00 European 16/03/2007 Cash Settlement N/A Warrant Call Written 187.500 27,50 European 16/03/2007 Cash Settlement N/A Warrant Call Written 187.500 29,50 European 15/06/2007 Cash Settlement N/A Warrant Call Written 187.500 30,50 European 15/06/2007 Cash Settlement N/A Warrant Call Written 187.500 32,00 European 15/06/2007 Cash Settlement N/A Warrant Call Written 125.000 33,00 European 21/09/2007 Cash Settlement N/A Warrant Call Written 125.000 34,00 European 21/09/2007 Cash Settlement N/A Warrant Call Written 125.000 36,00 European 21/09/2007 Cash Settlement N/A Warrant Put Purchase 125.000 33,50 European 15/06/2007 Cash Settlement N/A Warrant Put Purchase 125.000 23,50 European 16/03/2007 Cash Settlement N/A Warrant Put Purchase 125.000 24,50 European 16/03/2007 Cash Settlement N/A Warrant Put Purchase 125.000 28,00 European 15/06/2007 Cash Settlement N/A Warrant Put Purchase 75.000 30,00 European 21/09/2007 Cash Settlement N/A Warrant Put Purchase 75.000 31,00 European 21/09/2007 Cash Settlement 26/05/ OTC Call Option Purchase 2.508.110 20,67 European 18/05/2007 2005 06/01/ OTC Call Option Written 333.000 27,00 European 16/03/2007 2006 06/02/ OTC Call Option Written 167.000 27,00 European 16/03/2007 2006 06/06/ OTC Call Option Written 500.000 27,00 European 16/03/2007 2006 15/09/ OTC Call Option Written 1.000.000 29,76 European 16/03/2007 2006 14/09/ OTC Call Option Written 2.000.000 30,33 European 16/03/2007 2006 15/09/ OTC Call Option Written 1.000.000 33,35 European 16/03/2007 2006 15/09/ OTC Call Option Written 500.000 33,40 European 16/03/2007 2006 18/09/ OTC Call Option Written 1.000.000 31,62 European 16/03/2007 2006 18/09/ OTC Call Option Written 4.767.325 31,74 European 16/03/2007 2006 18/09/ OTC Call Option Written 2.500.000 31,65 European 16/03/2007 2006 20/09/ OTC Call Option Written 500.000 31,36 European 16/03/2007 2006 20/09/ OTC Call Option Written 1.000.000 37,43 European 16/03/2007 2006 08/12/ OTC Call Option Written 4.000.000 33,10 European 16/03/2007 2006 23/11/ OTC Call Option Written 2.000.000 35,00 European 19/01/2007 2006 17/11/ OTC Call Option Written 250.000 42,10 European 15/02/2007 2006 09/11/ OTC Call Option Written 25.925 28,93 Asian 09/10/2007 2006 19/09/ OTC Call Option Written 619.743 23,95 European 23/10/2008 2005 23/11/ OTC Call Option Written 200.000 35,00 American 16/03/2007 2006 13/12/ OTC Call Option Written 975.000 33,03 European 16/03/2007 2006 17/11/ OTC Call Option Written 250.000 42,10 European 15/02/2007 2006 05/12/ OTC Call Option Written 500.000 34,00 American 16/03/2007 2006 13/12/ OTC Call Option Written 980.000 32,98 European 16/03/2007 2006 14/12/ OTC Call Option Written 500.000 33,14 European 16/03/2007 2006 14/12/ OTC Call Option Written 1.000.000 33,09 European 16/03/2007 2006 14/12/ OTC Call Option Written 4.330.000 32,99 European 16/03/2007 2006 18/12/ OTC Call Option Written 1.000.000 33,06 European 16/03/2007 2006 18/12/ OTC Call Option Written 765.000 33,12 European 19/03/2007 2006 14/11/ OTC Barrier Put Purchase 88.157 34,03 European 14/11/2011 2011 Option 13/12/ OTC Knock Out Put Purchase 108.108 33,30 European 12/12/2011 2006 Option 08/12/ OTC Put Option Purchase 4.000.000 33,10 European 16/03/2007 2006 13/09/ OTC Put Option Purchase 1.000.000 29,76 European 16/03/2007 2006 14/09/ OTC Put Option Purchase 2.000.000 30,33 European 16/03/2007 2006 18/09/ OTC Put Option Purchase 1.000.000 31,62 European 16/03/2007 2006 18/09/ OTC Put Option Purchase 2.500.000 31,65 European 16/03/2007 2006 18/09/ OTC Put Option Purchase 4.767.325 31,74 European 16/03/2007 2006 20/09/ OTC Put Option Purchase 500.000 31,36 European 16/03/2007 2006 27/09/ OTC Put Option Purchase 1.000.000 37,43 European 16/03/2007 2006 13/07/ OTC Put Option Purchase 238.000 26,00 European 15/06/2007 2006 27/07/ OTC Put Option Purchase 1.262.000 26,60 European 15/06/2007 2006 08/09/ OTC Put Option Purchase 1.000.000 27,60 European 15/06/2007 2006 15/08/ OTC Put Option Purchase 1.000.000 27,90 European 15/06/2007 2006 30/08/ OTC Put Option Purchase 1.000.000 28,10 European 15/06/2007 2006 09/04/ OTC Put Option Purchase 500.000 28,30 European 15/06/2007 2006 13/11/ OTC Put Option Purchase 2.000.000 35,00 European 19/01/2007 2006 18/09/ OTC Put Option Purchase 14.268 31,54 European 19/03/2007 2006 11/03/ OTC Put Option Purchase 20.776 36,10 European 11/05/2007 2006 29/11/ OTC Put Option Purchase 975.000 33,03 European 16/03/2007 2006 05/12/ OTC Put Option Purchase 19.000 31,00 American 16/03/2007 2006 06/12/ OTC Put Option Purchase 118.308 33,81 European 31/01/2007 2006 13/12/ OTC Put Option Purchase 980.000 32,98 European 16/03/2007 2006 13/12/ OTC Put Option Purchase 750.000 34,00 American 16/03/2007 2006 14/12/ OTC Put Option Purchase 500.000 33,14 European 16/03/2007 2006 14/12/ OTC Put Option Purchase 29.994 33,00 American 16/03/2007 2006 14/12/ OTC Put Option Purchase 1.000.000 33,09 European 16/03/2007 2006 27/11/ OTC Put Option Purchase 250.000 31,00 American 16/03/2007 2006 14/12/ OTC Put Option Purchase 4.330.000 32,89 European 16/03/2007 2006 18/12/ OTC Put Option Purchase 1.000.000 33,06 European 16/03/2007 2006 18/12/ OTC Put Option Purchase 765.000 32,90 American 19/03/2007 2006 18/12/ OTC Put Option Purchase 631.000 34,00 American 16/03/2007 2006 18/12/ OTC Put Option Purchase 150.000 32,00 American 16/03/2007 2006 13/07/ OTC Put Option Written 238.000 24,00 European 15/06/2007 2006 27/07/ OTC Put Option Written 1.262.000 24,60 European 15/06/2007 2006 08/09/ OTC Put Option Written 1.000.000 25,60 European 15/06/2007 2006 15/08/ OTC Put Option Written 1.000.000 25,90 European 15/06/2007 2006 30/08/ OTC Put Option Written 1.000.000 26,00 European 15/06/2007 2006 09/04/ OTC Put Option Written 500.000 26,20 European 15/06/2007 2006 26/05/ OTC Put Option Written 4.507.746 19,25 European 18/05/2007 2005 17/08/ OTC Put Option Written 18.643 28,88 European 19/11/2007 2006 10/11/ OTC Put Option Written 200.000 23,00 American 15/06/2007 2005 14/11/ OTC Put Option Written 350.000 32 American 16/03/2007 2006 23/11/ OTC Call Option Purchase 5.338 22,48 European 23/11/2007 2005 (basket) 17/05/ OTC Call Option Purchase 402 24,88 European 11/10/2008 2006 (basket) 13/01/ OTC Call Option Purchase 659.341 22,75 European 26/01/2009 2006 (basket) 13/01/ OTC Call Option Purchase 659.341 22,75 European 25/01/2011 2006 (basket) 13/01/ OTC Call Option Purchase 659.341 22,75 European 25/01/2011 2006 (basket) 13/01/ OTC Call Option Purchase 439.560 22,75 European 25/01/2011 2006 (basket) 03/01/ OTC Call Option Purchase 2.723 22,77 European 25/09/2014 2006 (basket) 11/08/ OTC Call Option Purchase 7.050 28,37 European 25/09/2014 2006 (basket) 11/08/ OTC Call Option Purchase 1.762 28,37 European 27/10/2014 2006 (basket) 16/10/ OTC Call Option Purchase 9.690 34,4 European 01/11/2011 2006 (basket) 11/11/ OTC Call Option Purchase 6.728 22,3 European 11/06/2009 2005 (basket) 18/12/ OTC Call Option Purchase 6.553 33,1 European 17/08/2009 2006 (basket) 20/06/ OTC Put Option Purchase 249.546 22,04 European 30/06/2010 2005 (basket) 13/12/ OTC Call Option Written 8.957 22,33 European 22/12/2006 2005 (basket) 25/10/ OTC Call Option Written 44.803 22,32 European 29/12/2006 2005 (basket) 23/05/ OTC Call Option Written 43.290 20,79 European 01/10/2007 2005 (basket) 28/02/ OTC Call Option Written 333.585 26,47 European 19/04/2007 2006 (basket) 30/03/ OTC Call Option Written 22.380 26,81 European 16/05/2007 2006 (basket) 05/10/ OTC Call Option Written 38.173 23,52 European 19/06/2007 2005 (basket) 29/06/ OTC Call Option Written 36.298 22,04 European 21/09/2007 2005 (basket) 09/02/ OTC Call Option Written 12.987 19,25 European 10/12/2007 2005 (basket) 20/09/ OTC Call Option Written 13.489 22,24 European 10/12/2007 2005 (basket) 30/09/ OTC Call Option Written 8.993 22,24 European 10/12/2007 2005 (basket) 10/05/ OTC Call Option Written 4.895 20,43 European 10/12/2007 2005 (basket) 27/08/ OTC Call Option Written 214.031 16,82 European 11/07/2007 2004 (basket) 11/07/ OTC Call Option Written 7.613 26,27 European 11/07/2007 2006 (basket) 14/11/ OTC Call Option Written 4.464 22,4 European 15/11/2007 2005 (basket) 23/08/ OTC Call Option Written 89.753 28,3 European 20/11/2007 2006 (basket) 14/10/ OTC Call Option Written 26.490 22,65 European 23/11/2007 2005 (basket) 31/10/ OTC Call Option Written 13.429 22,34 European 23/11/2007 2005 (basket) 11/08/ OTC Call Option Written 13.562 22,12 European 23/11/2007 2005 (basket) 11/11/ OTC Call Option Written 13.453 22,3 European 23/11/2007 2005 (basket) 16/11/ OTC Call Option Written 13.435 22,33 European 23/11/2007 2005 (basket) 18/07/ OTC Call Option Written 76.885 25,72 European 13/12/2007 2006 (basket) 28/11/ OTC Call Option Written 26.584 22,57 European 27/12/2007 2005 (basket) 14/12/ OTC Call Option Written 8.933 22,39 European 27/12/2007 2005 (basket) 20/12/ OTC Call Option Written 4.423 22,61 European 27/12/2007 2005 (basket) 25/10/ OTC Call Option Written 44.803 22,32 European 28/12/2007 2005 (basket) 29/12/ OTC Call Option Written 21.333 18,75 European 02/12/2008 2004 (basket) 01/04/ OTC Call Option Written 15.015 26,64 European 13/02/2008 2006 (basket) 18/01/ OTC Call Option Written 17.786 22,49 European 13/02/2008 2006 (basket) 02/01/ OTC Call Option Written 13.169 22,78 European 13/02/2008 2006 (basket) 02/10/ OTC Call Option Written 2.817 35,5 European 13/02/2008 2006 (basket) 30/12/ OTC Call Option Written 53.476 18,7 European 25/02/2008 2004 (basket) 17/02/ OTC Call Option Written 16.116 24,82 European 25/03/2008 2006 (basket) 14/03/ OTC Call Option Written 5.645 26,57 European 25/03/2008 2006 (basket) 31/03/ OTC Call Option Written 187.688 26,64 European 31/03/2008 2006 (basket) 20/04/ OTC Call Option Written 3.951 20,25 European 15/04/2008 2005 (basket) 28/02/ OTC Call Option Written 333.585 26,47 European 21/04/2008 2006 (basket) 24/03/ OTC Call Option Written 7.297 27,41 European 22/04/2008 2006 (basket) 04/11/ OTC Call Option Written 2.770 36,1 European 22/04/2008 2006 (basket) 28/01/ OTC Call Option Written 159.320 18,83 European 29/04/2008 2005 (basket) 30/03/ OTC Call Option Written 22.380 26,81 European 15/05/2008 2006 (basket) 05/06/ OTC Call Option Written 52.530 20,79 European 06/10/2008 2005 (basket) 26/04/ OTC Call Option Written 7.776 25,72 European 06/10/2008 2006 (basket) 05/09/ OTC Call Option Written 10.256 29,25 European 06/10/2008 2006 (basket) 23/05/ OTC Call Option Written 8.114 24,65 European 06/10/2008 2006 (basket) 30/05/ OTC Call Option Written 4.026 24,84 European 06/10/2008 2006 (basket) 06/05/ OTC Call Option Written 3.698 27,04 European 06/10/2008 2006 (basket) 22/04/ OTC Call Option Written 99.108 20,18 European 21/07/2008 2005 (basket) 06/09/ OTC Call Option Written 10.370 28,93 European 21/07/2008 2006 (basket) 29/06/ OTC Call Option Written 7.561 26,45 European 21/07/2008 2006 (basket) 07/05/ OTC Call Option Written 7.396 27,04 European 21/07/2008 2006 (basket) 25/07/ OTC Call Option Written 11.194 26,8 European 27/08/2008 2006 (basket) 08/10/ OTC Call Option Written 5.525 36,2 European 27/08/2008 2006 (basket) 29/06/ OTC Call Option Written 36.298 22,04 European 22/09/2008 2005 (basket) 09/06/ OTC Call Option Written 15.810 25,3 European 10/06/2008 2006 (basket) 30/08/ OTC Call Option Written 10.359 28,96 European 10/08/2008 2006 (basket) 20/09/ OTC Call Option Written 6.205 32,23 European 10/08/2008 2006 (basket) 27/09/ OTC Call Option Written 2.621 38,16 European 10/08/2008 2006 (basket) 09/01/ OTC Call Option Written 7.608 21,03 European 23/10/2008 2005 (basket) 11/07/ OTC Call Option Written 7.613 26,27 European 11/07/2008 2006 (basket) 18/10/ OTC Call Option Written 89.286 22,4 European 11/10/2008 2005 (basket) 28/11/ OTC Call Option Written 886 22,57 European 11/10/2008 2005 (basket) 10/04/ OTC Call Option Written 15.296 26,15 European 14/11/2008 2006 (basket) 23/08/ OTC Call Option Written 89.753 28,3 European 20/11/2008 2006 (basket) 06/10/ OTC Call Option Written 931.812 21,33 European 17/12/2008 2005 (basket) 25/10/ OTC Call Option Written 44.803 22,32 European 29/12/2008 2005 (basket) 28/11/ OTC Call Option Written 177.226 22,57 European 01/12/2009 2005 (basket) 30/06/ OTC Call Option Written 481.799 22,04 European 20/01/2009 2005 (basket) 29/07/ OTC Call Option Written 209.525 22,12 European 03/11/2009 2005 (basket) 21/12/ OTC Call Option Written 306.480 22,84 European 26/03/2009 2005 (basket) 28/02/ OTC Call Option Written 333.585 26,47 European 20/04/2009 2006 (basket) 15/09/ OTC Call Option Written 129.144 22,24 European 22/04/2009 2005 (basket) 16/02/ OTC Call Option Written 14.470 24,7 European 27/04/2009 2006 (basket) 30/03/ OTC Call Option Written 22.380 26,81 European 14/05/2009 2006 (basket) 04/05/ OTC Call Option Written 83.333 26,4 European 06/02/2009 2006 (basket) 10/07/ OTC Call Option Written 17.495 22,12 European 06/04/2009 2005 (basket) 06/02/ OTC Call Option Written 54.209 24,35 European 23/06/2009 2006 (basket) 23/06/ OTC Call Option Written 31.072 26,39 European 07/07/2009 2006 (basket) 19/12/ OTC Call Option Written 8.941 22,37 European 08/10/2009 2005 (basket) 29/06/ OTC Call Option Written 36.298 22,04 European 21/09/2009 2005 (basket) 13/07/ OTC Call Option Written 192.901 25,92 European 10/05/2009 2006 (basket) 03/06/ OTC Call Option Written 9.105 24,8 European 22/10/2009 2006 (basket) 24/07/ OTC Call Option Written 314.026 26,49 European 22/10/2009 2006 (basket) 11/07/ OTC Call Option Written 7.613 26,27 European 11/09/2009 2006 (basket) 23/08/ OTC Call Option Written 89.753 28,3 European 20/11/2009 2006 (basket) 15/09/ OTC Call Option Written 146.683 31,53 European 24/11/2009 2006 (basket) 20/10/ OTC Call Option Written 77.619 35,75 European 22/12/2009 2006 (basket) 28/04/ OTC Call Option Written 14.771 25,82 European 23/12/2009 2006 (basket) 25/10/ OTC Call Option Written 44.803 22,32 European 29/12/2009 2005 (basket) 12/01/ OTC Call Option Written 65.182 18,41 European 19/01/2010 2005 (basket) 18/10/ OTC Call Option Written 95.431 22,4 European 19/01/2010 2005 (basket) 18/02/ OTC Call Option Written 1.272.844 20,32 European 03/12/2010 2005 (basket) 20/05/ OTC Call Option Written 14.430 20,79 European 04/12/2010 2005 (basket) 17/03/ OTC Call Option Written 5.028 19,89 European 04/12/2010 2005 (basket) 15/07/ OTC Call Option Written 3.617 22,12 European 04/12/2010 2005 (basket) 03/07/ OTC Call Option Written 747.904 22,04 European 04/12/2010 2005 (basket) 28/02/ OTC Call Option Written 333.585 26,47 European 04/12/2010 2006 (basket) 17/05/ OTC Call Option Written 74.739 20,3 European 05/10/2010 2005 (basket) 11/07/ OTC Call Option Written 7.613 26,27 European 11/08/2010 2006 (basket) 03/03/ OTC Call Option Written 22.883 26,22 European 19/04/2011 2006 (basket) 11/07/ OTC Call Option Written 7.613 26,27 European 11/07/2011 2006 (basket) 24/09/ OTC Call Option Written 12.776 16,75 European 25/09/2014 2004 (basket) 23/09/ OTC Call Option Written 243.395 16,73 European 25/09/2014 2004 (basket) 11/11/ OTC Call Option Written 8.969 22,3 European 25/09/2014 2005 (basket) 20/10/ OTC Call Option Written 171.816 16,96 European 27/10/2014 2004 (basket) 11/08/ OTC Call Option Written 7.286 16,47 European 27/10/2014 2004 (basket) 11/08/ OTC Call Option Written 9.715 16,47 European 27/10/2014 2004 (basket) 11/11/ OTC Call Option Written 2.752 17,44 European 27/10/2014 2004 (basket) 11/10/ OTC Call Option Written 41.686 17,08 European 27/10/2014 2004 (basket) 28/06/ OTC Call Option Written 2.722 22,04 European 27/10/2014 2005 (basket) 12/03/ OTC Call Option Written 146.341 16,4 European 28/11/2014 2004 (basket) 24/01/ OTC Call Option Written 47.589 18,58 European 02/04/2015 2005 (basket) 29/09/ OTC Call Option Written 25.540 22,24 European 10/02/2015 2005 (basket) 16/01/ OTC Call Option Written 3.686 22,88 European 01/12/2007 2006 (basket) 09/06/ OTC Call Option Written 9.881 25,3 European 09/06/2007 2006 (basket) 29/04/ OTC Call Option Written 24.789 20,17 European 26/06/2008 2005 (basket) 09/06/ OTC Call Option Written 9.881 25,3 European 09/08/2008 2006 (basket) 08/03/ OTC Call Option Written 12.531 19,95 European 27/10/2008 2005 (basket) 10/05/ OTC Call Option Written 122.369 20,43 European 27/10/2008 2005 (basket) 27/02/ OTC Call Option Written 9.145 27,2 European 24/02/2009 2006 (basket) 13/03/ OTC Call Option Written 4.724 26,46 European 03/12/2009 2006 (basket) 03/02/ OTC Call Option Written 58.163 24,5 European 30/04/2009 2006 (basket) 26/05/ OTC Call Option Written 61.253 25,31 European 26/05/2009 2006 (basket) 16/05/ OTC Call Option Written 20.406 25,61 European 17/06/2009 2006 (basket) 21/06/ OTC Call Option Written 8.913 26,01 European 17/06/2009 2006 (basket) 07/11/ OTC Call Option Written 235.183 21,26 European 25/08/2009 2005 (basket) 24/05/ OTC Call Option Written 281.710 20,79 European 25/08/2009 2005 (basket) 09/06/ OTC Call Option Written 9.881 25,3 European 09/07/2009 2006 (basket) 09/06/ OTC Call Option Written 24.704 25,3 European 22/09/2009 2006 (basket) 09/06/ OTC Call Option Written 296.443 25,3 European 15/01/2010 2006 (basket) 09/06/ OTC Call Option Written 9.881 25,3 European 09/06/2010 2006 (basket) 14/09/ OTC Call Option Written 8.256 30,28 European 30/09/2010 2006 (basket) 09/06/ OTC Call Option Written 9.881 25,3 European 09/06/2011 2006 (basket) 02/08/ OTC Call Option Written 11.963 27,86 European 02/05/2009 2006 (basket) 28/04/ OTC Call Option Written 25.559 25,82 European 05/05/2009 2006 (basket) 06/07/ OTC Call Option Written 64.438 26,33 European 06/12/2009 2006 (basket) 24/07/ OTC Call Option Written 59.141 26,49 European 08/04/2009 2006 (basket) 12/01/ OTC Call Option Written 92.386 14,01 European 29/01/2007 2003 (basket) 23/05/ OTC Call Option Written 6.761 24,65 European 28/06/2007 2006 (basket) 05/08/ OTC Call Option Written 50.344 28,14 European 01/03/2008 2006 (basket) 15/02/ OTC Call Option Written 94.010 24,82 European 29/02/2008 2006 (basket) 07/05/ OTC Call Option Written 24.655 27,04 European 03/03/2008 2006 (basket) 07/03/ OTC Call Option Written 93.308 25,9 European 31/03/2008 2006 (basket) 31/03/ OTC Call Option Written 7.131 26,64 European 22/04/2008 2006 (basket) 16/03/ OTC Call Option Written 162.693 26,76 European 22/04/2008 2006 (basket) 26/04/ OTC Call Option Written 17.361 25,72 European 23/05/2008 2006 (basket) 26/04/ OTC Call Option Written 128.578 25,72 European 23/05/2008 2006 (basket) 22/09/ OTC Call Option Written 55.762 32,28 European 06/02/2008 2006 (basket) 06/07/ OTC Call Option Written 28.924 21,32 European 13/06/2008 2005 (basket) 06/07/ OTC Call Option Written 3.021 33,1 European 13/06/2008 2005 (basket) 06/01/ OTC Call Option Written 146.649 22,73 European 06/09/2009 2006 (basket) 13/12/ OTC Call Option Written 36.438 22,33 European 01/11/2011 2005 (basket) 12/01/ OTC Call Option Written 18.106 18,41 European 17/01/2011 2005 (basket) 12/09/ OTC Call Option Written 15.603 22,24 European 27/01/2011 2005 (basket) 14/10/ OTC Call Option Written 29.439 22,65 European 11/06/2009 2005 (basket) 14/10/ OTC Call Option Written 14.720 22,65 European 11/06/2009 2005 (basket) 14/11/ OTC Call Option Written 204.241 22,4 European 14/11/2008 2005 (basket) 14/11/ OTC Call Option Written 3.348 22,4 European 14/11/2008 2005 (basket) 02/03/ OTC Call Option Written 28.313 26,49 European 02/09/2009 2006 (basket) 03/06/ OTC Call Option Written 114.919 24,8 European 20/03/2009 2006 (basket) 25/07/ OTC Call Option Written 60.634 26,8 European 08/05/2009 2006 (basket) 22/02/ OTC Call Option Written 109.489 27,4 European 03/02/2010 2006 (basket) 01/12/ OTC Call Option Written 90.964 32,98 European 20/01/2010 2006 (basket) 05/12/ OTC Call Option Purchase 2.206 34 European 20/03/2009 2006 (basket) Notes 1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell should also be given on this form. 2. For all prices and other monetary amounts, the currency must be stated. For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk -------------------------- (1) Includes both the interest and short positions related to the investment of BBVA in Iberdrola managed at the Corporate Centre and the interests and short positions related to the trading activity in Iberdrola managed on a separate basis by Global Markets and distribution Business Unit. It has not been possible to ascertain group wide interest and dealings at this stage and, if necessary, a further announcement may be made. (2) Nominal position equivalent to a delta position -30,709,454 (-3.406%) (3) Total Short position, taking to account delta position -60,244,414 (-6.682%) This information is provided by RNS The company news service from the London Stock Exchange
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