The share capital of Abengoa, S.A. is ninety million six hundred and forty one thousand one hundred and eight with fifty eight Euros (90,641,108.58) represented by hundred seven million six hundred twelve thousand five hundred thirty eight (107,612,538) shares fully subscribed and paid, belonging to two separate classes:

• Ninety million four hundred and sixty-nine thousand six hundred and eighty shares (90.469.680), belonging to Class A, shares with a par value of one (1 )Euro each all of the same class and series. Each Class A shares confers one hundred (100) voting rights,as ordinary shares ( "Class A shares").
• Seventeen million one hundred forty two thousand eight hundred fifty eight shares (17,142,858) belonging to Class B, shares with a par value of one euro cent (0.01) Euros each all of the same class and series. Each Class B shares confers one (1) voting right, all of these shares with economic privileged rights established in the article 8 of these bylaws (Class B shares and Class A shares herein after “shares with voting rights”)

The shares shall be represented by book entries and shall be governed by the Stock Market Act and other applicable provisions.

The Class A Shares are admitted for official trading on the Madrid and Barcelona Stock Exchanges, as well as the Spanish Stock Exchange Interconnection System (Continuous Market) since November 29, 1996.

Share capital of Abengoa

Date of last modification	Share capital (Eur)	Number of shares
November 4, 2011	90,641,108.58	90,469,680 A class shares and 17,142,858 B class shares

All the percentages listed below ( unless otherwise expressly indicated) are concerned to the total of rights of vote.

According to the information received by the Company (List of Shareholders on the date of the last General Meeting of Shareholders released by Iberclear and notice of significant shareholding), current significant shareholdings are as follows:

Stockholders' Significant Shareholdings

Stockholders' significant shareholdings
Shareholder	% s of share capital
Inversión Corporativa IC, S.A. (*)	49.90% (A class shares)
Finarpisa, S.A. (*)	6.02% (A class shares)
First Reserve	0.19% (B class shares)

According to the register of significant shareholdings maintained by the Company in compliance with the Internal Regulations of Conduct for matters related to Securities Exchange, the percentage of ownership of share capital by company directors up to now is as follows:

Officers' Significant Shareholdings (A class shares)

Officers' significant shareholdings (A class shares)
Members	Number of direct shares	Number of indirect shares	% of share capital
Mr. Felipe Benjumea Llorente	0	814,111	0.898
Aplicaciones Digitales S.L.	925,814	0	1.021
Mr. Manuel Sánchez Ortega	208,100	0	0.2
Mr. José Joaquín Abaurre Llorente	1,900	0	0.002
Mr. José Luis Aya Abaurre	55,076	0	0.060
Mrs. Mª Teresa Benjumea Llorente	12,390	0	0.013
Mr. Javier Benjumea Llorente	3,888	0	0.004
Mr. Jose Borrell Fontelles	3,000	0	0.003
Mrs. Mercedes Gracia Díez	500	0	0.0005
Mr. Ricardo Martínez Rico	513	0	0.0005
Mr. Claudio Santiago Ponsa	200	0	0.0003
Mr. Ignacio Solís Guardiola	17,000	0	0.01
Mr. Fernando Solís Martínez-Campos	50,832	34,440	0.093
Mr. Carlos Sundheim Losada	47,027	0	0.051
Mrs. Alicia Velarde Valiente	400	0	0.0004