First Quarter 1997
03/24/97  REPSOL APPROVES A FINAL GROSS DIVIDEND OF 181 PESETAS PER SHARE AGAINST THE 1996 FINANCIAL YEAR
03/07/97  THE COUNCIL OF MINISTERS APPROVES THE SALE OF 10% OF REPSOL, PROPERTY OF SEPI
03/03/97  REPSOL�S NET PROFIT EXCEEDS 119 BILLON PESETAS
01/28/97  REPSOL/GAS NATURAL IBERDROLA INDUSTRIAL AGREEMENT OF COLLABORATION
01/21/97  REPSOL : NEW EXPLORATION CONCESSION IN TRINIDAD TOBAGO
01/10/97  MIDOR EGYPTIAN REFINERY IN ALEXANDRIA
01/08/97  REPSOL SIGNS A CONTRACT TO SELL GAS DISCOVERED IN THE WESTERN DESERT OF EGYPT
01/03/97  REPSOL INCREASES ITS GAS ACTIVITIES IN LATIN AMERICA