VALIDATION OF THE ABENGOA GROUP REFINANCING AGREEMENT.

Last 6 April 2016, Commercial Court number 2 of Seville issued a decision validating the refinancing agreement signed between Abengoa and its financial creditors.  The decision establishes that the refinancing agreement, which received the backing of creditors representing more than 75% of the Group’s financial liabilities “is limited to extending the maturity of the debtors’ obligations for seven months (..) in order to prevent their financial deterioration and  allocate the income generated by its activity to paying off non-financial credits (in particular, workers) and also reach an agreement to improve the financial conditions of the debtors”. Such improvements include the capitalisation of 70% of the existing debt, deferring the remainder of the debt and the contribution of between 1,500 and 1,800 million euros in additional finance and between 500 and 800 million euros in new guarantee lines.