Telvent prices its initial public offering, and begins its listing on the US NASDAQ Stock Market

CALGARY, Oct. 27, 2004 — Telvent GIT, S.A., Abengoa’s global realtime information technology company, in agreement with the underwriters of its Initial Public Offering, has set a purchase price of nine dollars for each ordinary share, as it has been reported to the SEC. Trading in Telvent GIT, S.A.’s ordinary shares commenced Thursday October 21st on the NASDAQ Stock Market.

The initial public offering is for 8,700,000 ordinary shares to be issued by Telvent. An additional 1,305,000 shares may be sold upon the exercise of an overallotment option (“green shoe”) granted to the underwriters. The overallotment option includes 107,900 shares from certain selling shareholders, and 1,197,100 of new ordinary shares to be issued by Telvent.

The syndicate of underwriters has been led by Merrill Lynch & Co. and co-managed by Lehman Brothers and SG Cowen & Co.

The Listing Ceremony took place in New York City, at the NASDAQ Stock Market at 12:30 p.m. The ceremony was attended by Manuel Sánchez Ortega, Telvent’s Chairman, Dave Jardine, Telvent President and Chairman in North America, and Jeff Singer, NASDAQ’s Regional Vice President, as well as by Felipe Benjumea and Javier Benjumea, Abengoa’s Chairmen.

Except where prohibited by law, a copy of the preliminary prospectus is available from Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080.

About Telvent

Telvent GIT, S.A., Abengoa S.A.’s Information Technology subsidiary, specializes in RealTime IT solutions with high technological added value for specific industrial sectors (Energy, Environment, Traffic and Transport). Telvent is a leading supplier to these industries in Spain, North America, Latin America and Asia.

With over 40 years experience in industrial supervisory control and business process management systems, Telvent executes projects and provides technical services in the field of mission-critical, realtime control and information management. With the most comprehensive portfolio of outsourcing and consulting services, and employing a technology-neutral philosophy, Telvent manages IT and telecommunications infrastructure for an extensive international client base. (www.telvent.com)

About Abengoa

Abengoa, an industrial and technology company with worldwide operations, provides solutions for Sustainable Development, the Information and Knowledge Society and the Creation of Infrastructures. The company is capitalized at over 500 million Euros (31/12/2003) and is listed on the Madrid Stock Exchange.

Abengoa operates in four primary areas: Bioenergy, where it is the second largest world-wide producer of bioethanol; Environmental Services, where it is a European leader in various industrial waste market segments; Information Technology, where it has achieved global recognition and has operations in Europe, North America and Asia; and Industrial Engineering and Construction, where it is a leader in Spain and Latin America. (www.abengoa.com)

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