Pag

and its Business Units 20 UÊ International Presence 24 UÊ List of Offices opened in 2009 by Business Group 26

Annual Report 2009 2 Company Profile 20 Annual Report 2009 Company Profile

Abengoa and its Business Units

Abengoa is a technology provider that applies innovative solutions for sustainability in the infrastructure, environmental and energy sectors, bringing long-term value to its shareholders through a management model based on encouraging the spirit of enterprise, social responsibility, transparency and rigor.

Abengoa focuses its growth on the creation of new technologies that contribute to sustainable development by: UÊ generating energy from renewable resources; UÊ recycling industrial waste and generating and managing water; UÊ creating environmentally-friendly infrastructures that eliminate emissions; UÊ developing information systems that aid in managing existing infrastructures more efficiently; UÊ promoting new avenues for development and innovation.

And to this end, Abengoa… UÊ invests in research, development and innovation (R&D&i); UÊ expands the technologies with the greatest potential; UÊ develops the required talent by attracting and retaining the best human resources; UÊ and dedicates human and economic resources to promoting social action policies that contribute to human and social progress through the Focus-Abengoa Foundation.

The photo in the top left portion was taken by Juan Botella Cuesta, for Befesa, the 1st Abengoa Sustainability Photography Contest 21 Annual Report 2009 Company Profile

Abengoa has its headquarters in () and is present, through its more than 600 subsidiaries, affiliates, facilities and offices, in over 70 countries around the world, where it operates through its five business units: Solar, Bioenergy, Environmental Services, Information Technologies and Engineering.

Abengoa Corporate Executive Chairman: Felipe Benjumea Area Executive Vice-Chairman: José B. Terceiro

Internal Auditing Consolidation and Reporting Abengoa Abengoa Focus-Abengoa Befesa Telvent Abeinsa Economic and Financial Solar Bioenergía Foundation ÊÊUÊ œÀ«œÀ>Ìiʈ˜° ÊÊUÊÊ-ÌÀÕVÌÕÀi`ʈ˜° Business Units Corporate Strategy and Development Appointments and Remuneration Organization, Quality and Budgets Human Resources Institutional Relations, Solar Environmental Industrial Engineering Assistant to the Chairman Services and Construction Investor Relations General Secretary’s Office ÊÊUÊÊi}>ÊVœÕ˜Ãi Bioenergy Information Social Action ÊÊUÊÊ œ““Õ˜ˆV>̈œ˜ Technologies ÊÊUÊÊ,ˆÃŽÊ >˜>}i“i˜Ì ÊÊUÊÊ œÀ«œÀ>ÌiÊ-œVˆ>Ê Responsibility General Office of Sustainability Technical Office 22 Annual Report 2009 Company Profile

Abengoa Solar develops and applies solar power technologies for combating climate change and ensuring sustainability through proprietary solar thermal and photovoltaic technologies.

www.abengoasolar.com

In 2009 UÊ }Àii“i˜ÌÊÜˆÌ Ê*E Ê̜ÊLՈ`Ê>ÊÓxä‡ 7Ê«>˜Ìʈ˜ÊÌ iÊ œ>ÛiÊ iÃiÀÌʈ˜Ê >ˆvœÀ˜ˆ>° UÊ "«iÀ>̈œ˜>ÊÃÌ>À̇իʜvÊÌ iÊ*-ÓäÊ܏>ÀÊ«>˜Ì]ÊÌ iÊܜÀ`½Ãʏ>À}iÃÌÊVœ““iÀVˆ>Ê«œÜiÀÊ̜ÜiÀ]Ê>˜`Ê>ÊÃiVœ˜`‡ generation superheated steam solar tower. UÊ ˆ>˜ViÊÜˆÌ Ê °" Ê ˆ“>ÌiÊEÊ,i˜iÜ>LiÃÊ̜Ê`iÛiœ«Ê>˜`ʜ«iÀ>ÌiÊÌܜÊxä‡ 7Ê -*Ê«>˜ÌÃʈ˜ÊVˆ>Ê­-iۈi®° UÊ ˜ÌÀÞʜvÊÌ ˆÀÌii˜Ê«>˜ÌÃʈ˜ÌœÊÌ iÊ«Ài‡>œV>̈œ˜ÊÀi}ˆÃÌÀÞÊvœÀÊVœ“«i˜Ã>̈œ˜ÊœvÊ܏>ÀÊÌ iÀ“>Ê«ÀœiVÌð

Abengoa Bioenergy Abengoa Bioenergy specializes in the production and development of for transportation, bioethanol and biodiesel, among others, employing biomass as the raw material. These biofuels are used to produce ETBE (a gasoline additive), or for direct blending with gasoline or diesel fuel.

www.abengoabioenergy.com

In 2009 UÊ VµÕˆÃˆÌˆœ˜ÊœvÊÌ iÊÀi“>ˆ˜ˆ˜}Êxä¯ÊœvÊ ˆœV>ÀLÕÀ>˜ÌiÃÊ`iÊ >Ã̈>ÊÞÊi˜° UÊ iÜʜvwViʜ«i˜ˆ˜}Ãʈ˜Ê À>∏]ʈ˜Ê>``ˆÌˆœ˜Ê̜ÊÌ iʈ˜VœÀ«œÀ>̈œ˜ÊœvÊLi˜}œ>Ê ˆœi˜iÀ}ÞÊ/À>`ˆ˜}Ê À>∏]ÊÜ ˆV Ê will provide specific management services to market the bioethanol and sugar produced in Brazil. UÊ "«iÀ>̈œ˜>ÊÃÌ>À̇իʜvÊÌ iÊ«>˜ÌÊÌ >ÌÊ܈Ê«Àœ`ÕViÊÓÓxÊ ʜvÊLˆœ`ˆiÃiÊ>˜˜Õ>Þʈ˜Ê->˜Ê,œµÕi]Ê ?`ˆâ° UÊ œ˜ÃÌÀÕV̈œ˜Êˆ˜Ê,œÌÌiÀ`>“]Êœ>˜`ʜvÊ>ÊLˆœiÌ >˜œÊ«>˜ÌÊÜˆÌ Ê>˜Ê>˜˜Õ>Ê«Àœ`ÕV̈œ˜ÊV>«>VˆÌÞʜvÊ{näÊ ML, and plants in Madison, Illinois and Mount Vernon, Indiana, each with an annual production capacity totaling 333 ML of bioethanol.

Befesa Befesa is the international company specializing in the recycling and comprehensive management of industrial waste, as well as water generation and management. Befesa upholds a firm commitment to social responsibility in helping to forge a sustainable world.

www.befesa.com

In 2009 UÊ ÃÃiÌÊ>VµÕˆÃˆÌˆœ˜ÊœvÊiÀ“>˜ÊVœ“«>˜ˆiÃʏՓˆ˜ˆÕ“‡->âÃV >VŽiÊÕvLiÀiˆÌ՘}ÃÊ“LÊ>˜`ʏÃ>Ê-Ø`Ê GmbH, specializing in salt slag treatment and recycling. UÊ œ“«ïœ˜ÊœvÊÌ iÊVœ˜ÃÌÀÕV̈œ˜Ê>˜`ÊÃÌ>À̇իʫ >ÃiÊvœÀÊÌ iÊ-ŽˆŽ`>Ê`iÃ>ˆ˜>̈œ˜Ê«>˜Ìʈ˜Ê˜œÀÌ iÀ˜Ê}iÀˆ>° UÊ œÃˆ˜}ʜvÊw˜>˜Vˆ˜}ÊvœÀÊ`iÈ}˜]ÊVœ˜ÃÌÀÕV̈œ˜Ê>˜`ÊÓx‡Þi>Àʜ«iÀ>̈œ˜ÊœvÊÌ iÊ+ˆ˜}`>œÊ`iÃ>ˆ˜>̈œ˜Ê«>˜Ìʈ˜Ê China. UÊ }Àii“i˜ÌÊÜˆÌ Ê-ÀˆÊ>˜Ž>Ê̜ÊiÝiVÕÌiÊܜÀŽÃʈ˜ÛœÛˆ˜}Ê* >ÃiʣʜvÊÌ iÊ«ÀœiVÌÊ̜ÊÃÕ««ÞÊ«œÌ>LiÊÜ>ÌiÀÊÌœÊ Ratnapura and surrounding areas.

www.abengoasolar.com + ww.abengoabioenergy.com + ww.befesa.com + 23 Annual Report 2009 Company Profile

Telvent Telvent is the global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world’s leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors.

www.telvent.com

In 2009 UÊ ˆÃ̈˜}ʜ˜ÊÌ iÊ - +Ê" 8ÁÊ i>˜Ê `}iÁÊ-“>ÀÌÊÀˆ`ʘvÀ>ÃÌÀÕVÌÕÀiʘ`iÝÊ­+, ®°Ê UÊ ˜VÕȜ˜Êˆ˜ÊÌ iÊÓää™Ê-ÕÃÌ>ˆ˜>LiÊ ÕȘiÃÃÊÓäÊ­- Óä®ÊÀ>˜Žˆ˜}ʈÃÃÕi`ÊLÞÊÊ-ÕÃÌ>ˆ˜>Li ÕȘiÃðVœ“]ÊÌ iÊ website and point-of-reference business directory tracking and analyzing “green” markets worldwide. UÊ }Àii“i˜ÌÊ̜ʫÕÀV >ÃiÊÌ iÊÀi“>ˆ˜ˆ˜}Ê{ӯʜvÊÌ iÊ >ÌV “ˆ˜`ÊÌiV ˜œœ}ÞÊVœ˜ÃՏ̈˜}ÊwÀ“° UÊ ˆ˜˜ˆÃ ÊiiVÌÀˆVÊVœ“«>˜ÞÊœÀÌՓÊi˜ÌÀÕÃÌi`Ê/iÛi˜ÌÊ̜ÊV>ÀÀÞʜÕÌÊÌ iÊ«ÀœiVÌÊ̜Ê`iÈ}˜]Ê`iÛiœ«Ê>˜`ÊÃÌ>ÀÌÊÕ«Ê a smart metering management system.

Abeinsa Abeinsa is an industrial technology group offering the energy, transportation, telecommunications, industry, services and environmental sectors integrated solutions aimed at contributing to sustainable development, thereby creating value for the company’s stakeholders and ensuring forward-looking international exposure and return on investment.

www.abeinsa.com

In 2009 UÊ œ˜ÃÌÀÕV̈œ˜ÊœvÊLi˜}œ>Ê-œ>À½ÃÊ-œ˜œÛ>Ê£]Ê-œ˜œÛ>ÊÎÊ>˜`Ê-œ˜œÛ>Ê{Ê -*Ê«>˜ÌÃ]Êi>V ÊÜˆÌ Ê>Ê̜Ì>ÊœÕÌ«ÕÌÊV>«>VˆÌÞÊ of 50 MW. UÊ ÝiVṎœ˜ÊœvÊÌÜœÊ -*Ê«>˜ÌÃ]ʜ˜iʈ˜Êˆ˜Ê i˜ˆÊ >Ì >ÀÊ­ œÀœVVœ®]ÊÜˆÌ Ê{ÇäÊ 7ʜvÊ«œÜiÀʜÕÌ«ÕÌÊV>«>VˆÌÞ]Ê>˜`ÊÌ iÊ 150-MW plant in Hassi R’Mel (Algeria). UÊ œ˜ÃÌÀÕV̈œ˜ÊœvÊÌ iÊ >À Õ>“>ޜ‡*>À>}à >‡ œ˜œVœV >‡Õ>>˜V>‡ >>“>ÀV>‡ iÀÀœÊ œÀœ˜>‡ >À Õ>µÕiÀœÊ«œÜiÀÊ transmission line in Peru. UÊ ÝiVṎœ˜ÊœvÊ >ÌV ÊʜvÊÌ iÊ i˜ÌÀ>Ê“iÀˆV>˜Ê iVÌÀˆV>Ê˜ÌiÀVœ˜˜iV̈œ˜Ê-ÞÃÌi“Ê­-ˆi«>V®ÊÌ ÀœÕ} œÕÌÊ ˆV>À>}Õ>]Ê œÃÌ>Ê Rica, and Panama.

Focus–Abengoa Foundation The Focus-Abengoa Foundation is engaged in undertakings of general interest to the community in five major areas: aid and assistance, culture, education, research, and social action for employees.

www.telvent.com + www.abeinsa.com + 24 Annual Report 2009 Company Profile

International Presence

Through a process of universalization that has enabled the company to establish stable ties in international markets, Abengoa has gone from being a family business founded in Seville and operating solely in Spain to becoming a multinational corporation that conducts its business in 77 countries on all five continents:

Iberoamérica

Puerto Rico, Peru, Mexico, Brazil, Argentina, Uruguay, Chile, Cuba, Ecuador, Dominican Republic, Costa Rica, Venezuela, Guatemala, Colombia, Nicaragua, British Virgin Islands, Panama.

United States and Canada

Europa

Spain, United Kingdom, France, Germany, Sweden, Italy, Austria, Belgium, Turkey, Ireland, Portugal, Switzerland, Romania, Iceland, Luxembourg, Greece, Finland, Croatia, Estonia, Holland, Denmark, Norway, Poland, Yugoslavia, Slovakia, Hungary.

Africa

Morocco, Algeria, Qatar, Ghana, Angola, South Africa, Namibia, Libya, Mozambique, Kenya, Tunisia, Cameroon.

Asia

Indonesia, Thailand, India, Bahrain, Iraq, Israel, China, Iran, Vietnam, United Arab Emirates, Taiwan, Oman, Lebanon, Russia, Japan, Singapore, Saudi Arabia, Jordan, Pakistan.

Oceania

Australia 25 Annual Report 2009 Company Profile

Evolución Internationalen Bolsa durante Presence 2008

Key Markets Other countries in which Abengoa operates 26 Annual Report 2009 Company Profile

List of Offices opened in 2009 by Business Group

Company Business Group City Country Month of opening Abengoa Bioenergia Brasil São Paulo Brazil September Abengoa Bioenergy Abengoa Bioenergy Netherlands Rotterdam Holland September Abengoa Solar SA Abengoa Solar St Brisbane, QLD Australia June North Teyma USA Lakewood, Colorado June America North Zero Emissions Technologies New York March America SDI-IMA Santiago Chile April North Power Structures Lakewood, Colorado September America North Abengoa T&D Lakewood, Colorado August Abeinsa America Concecutex Mexico City Mexico May Coaben Mexico City Mexico June Nicsa Fornecimiento do Materiais Rio de Janeiro Brazil September Eletricos Inabensa Pty. Ltd. Sydney Australia September

Abengoa Cogeneración Tabasco Mexico City Mexico September

HyGear Arnhem Holland January Befesa Salszchlacke Gmbh Hannover Germany April Befesa Salszchalcke Sud Gmbh Befesa Töging Germany April Derivados de la Pintura Barcelona Spain February Befesa Agua Madrid Spain July Telvent Energía, S.A. Helsinki Finland December Telvent Energía, S.A. Tripoli Libya November Telvent Tráfico y Transporte, S.A. Guayaquil Ecuador August Telvent Tráfico y Transporte, S.A.Telvent Santiago de Chile Chile November Matchmind, S.L. São Paulo Brazil March Matchmind, S.L. Valencia España February Matchmind Ingeniería de Valladolid España October software S.L.