Official Notice


c/ Méndez Álvaro 44

28045 Madrid

España

Tel. 34 917 538 100

34 917 538 000

Fax 34 913 489 494 www.repsol.com

Madrid, November 26, 2014

REPSOL INTERNATIONAL FINANCE, B.V. CLOSES € 500 MILLION EUROBONDS OFFERING

Repsol International Finance, B.V. closed a 500 million euro 12 years bond at 99.709 per cent, with a coupon of 2.25 per cent equivalent to mid swap + 113 b.p., to be listed on the regulated market of the Luxembourg Stock Exchange.

This bond, guaranteed by Repsol, S.A., is issued under the Repsol International Finance, B.V. Euro

10,000,000,000 Guaranteed Euro Medium Term Note Programme, approved by the Luxembourg

Commission de Surveillance du Secteur Financier.

This announcement is neither an offer to sell nor a solicitation of any offer to buy any of the securities referred to herein . The distribution of the Base Prospectus of the Euro 10,000,000,000 Guaranteed Euro Medium Term Note Programme of Repsol International Finance, B.V. (the "Base Prospectus") and the offering or sale of the Notes in certain jurisdictions may be restricted by Law. Persons into whose possession the Base Prospectus or any Final Terms comes are required by the Repsol International Finance, B.V. and Repsol, S.A. to inform themselves about and to observe any such restrictions.
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an exemption from the registration requirements of the Securities Act and in accordance with applicable state securities laws.

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