ENDESA Reaches an Agreement with Kraft Foods International for the Supply of Electricity in Germany and France

Business Wire, April 4, 2003

Business Editors

NEW YORK--(BUSINESS WIRE)--April 4, 2003

ENDESA (NYSE:ELE) has reached an agreement with Kraft Food International to supply energy to its plants in Berlin and Leverune (France) for the amounts of 25 GWh and 9 GWh, respectively, until the end of 2003.

This agreement comes in addition to other power supply agreements between ENDESA and Kraft Foods, for which our company is the sole electricity supplier in Spain.

ENDESA has also renewed for 2003 the agreement for the supply of 15 GWh to Kraft's plant in Strasbourg (France), as well as another one for the supply of 17 GWH for the group's Spanish plants.

This new agreement brings an expansion of the power supply agreements between ENDESA and Kraft, and falls within the company's strategy to provide a global energy supply solution to its current customers in Spain.

KRAFT

Kraft Foods produces and sells some of the world's leading food brands such as Kraft and Philadelphia cheeses, Jacobs and Maxwell House coffees, Post cereals and Milka chocolates in more than 150 countries.

For additional information please contact Jacinto Pariente, North America Investor Relations Office, telephone no. 212/750-7200.

http://www.endesa.es