1. General Comment

Buttressing public procurement in sound socially-responsible principles seems essential, if only to disseminate consciousness on the importance of such principles within the business community. Public Authorities have a duty to provide raise awareness on this issue and follow a coherent approach in their procurement policy.

“DRIVING EUROPEAN RECOVERY”
SPRING COUNCIL March 19th and 20th, 2009
- CEEP OPINION -

1. Recent developments
Over the past months, the European economy has continued to slide. Conditions in the financial sector have remained fragile and credit flows are still far from normal.

• The subscription price has been set at 2.48 euros per share, while the option ratio has been set such that rights to subscribe for 13 new shares will be granted in respect of every 25 existing shares.

• The offering will involve the issuance of a maximum of 3,216,938,192 new shares, at an aggregate proceeds of 7,978,006,716 euros.

Rome, May 27, 2009 – CONSOB, the Authority regulating Italian capital markets, today approved for publication the prospectus for Enel S.p.A.’s rights offering. The rights offering will involve the issuance and listing on the Italian stock exchange (the “Exchange”) of new Enel’s ordinary shares representing up to 8 billion euros of new share capital, premium included, as approved by Enel’s Board of Directors at its May 6, 2009 meeting, and in accordance with the authorization granted at the Shareholders’ Meeting on April 29, 2009.

Speaking at the informal meeting of agricultural ministers in Brno, Copa President Padraig Walshe stressed that the Council should urgently take further action to address the severe market crisis in the dairy sector.