First Quarter 1996
03/26/96  REPSOL APPROVES A FINAL GROSS DIVIDEND OF 171 PESETAS PER SHARE AGAINST THE 1995 FINANCIAL YEAR
02/07/96  RESULTS ACHIEVED BY INSTITUTIONS TAKING PART IN THE RETAIL TRANCHE OF REPSOL PSO
02/06/96  OVERALL DEMAND EXCEEDS THE REPSOL SHARE OFFERING BY ALMOST 1,000 BILLION PESETAS
02/05/96  THE RETAIL PRICE PER REPSOL SHARE HAS BEEN SET AT 4,147 PESETAS
01/29/96  REPSOL SIGNS AN AGREEMENT TO EXPLOIT A GIANT FIELD IN ALGERIA
01/29/96  THE MAXIMUM PRICE PER REPSOL SHARE HAS BEEN SET AT 4,193 PESETAS
01/25/96  DEMAND FOR REPSOL SHARES HAS ALREADY SURPASSED 262 BILLION PESETAS IN RETAIL TRANCHE ALONE
01/23/96  THE INTERNATIONAL FINANCIAL PRESS GRANTS REPSOL AWARD FOR ITS THIRD SHARE OFFERING
01/19/96  REPSOL LAUNCHES PRESENTATION OF ITS SHARE OFFERING TO INTERNATIONAL INVESTORS NEXT MONDAY
01/18/96  REPSOL'S NET PROFIT ROSE BY 21.6% TO OVER 117 BILLION PESETAS
01/17/96  APPLICATIONS FOR PURCHASE OF REPSOL SHARES MAY BE MADE FROM TODAY, WEDNESDAY 17TH
01/16/96  JOINT PRESS RELEASE �MV/REPSOL
01/12/96  THE COUNCIL OF MINISTERS AUTHORISES SEPI TO SELL UP TO 11% OF REPSOL
01/10/96  REPSOL MAKES TWO NEW DISCOVERIES IN EGYPT
01/05/96  REPSOL DISCOVERS OIL IN EGYPT AND ALGERIA