Buenos Aires, 29 de mayo de 2012

Repsol, S.A. Tlf.:+34 917 538 100

C/Méndez Alvaro, 44 +34 917 538 000

28045 Madrid Fax:+34 913 489 494

repsol.com

Press Release

Madrid, February 18, 2015
Following the press releases of December 16, 2014 regarding the agreement with Talisman Energy Inc. ("Talisman") for the acquisition by Repsol of 100% of the Canadian Company, Repsol informs that the Shareholders' Meeting of Talisman, in a special session held today in Calgary (Canada), has approved the transaction. The agreement has been approved by 99.36% of the ordinary shares present or represented in the meeting.
Additionally, 99.8% of Talisman´s preferred shares present or represented at the Shareholders´ Meeting has voted in favor of the transaction, fulfilling the condition for their inclusion in the transaction.

Subject to compliance with the conditions and regulatory approvals described in the Arrangement Agreement, it is anticipated that the completion of the transaction will occur most probably in the second quarter of 2015.

The information contained in this document related to the announced transaction with Talisman Energy Inc. includes forward-looking statements which are subject to circumstances beyond Repsol´s control, such as authorizations and consents from third parties, and therefore these statements are not guarantees of future performance. Unless the applicable law requires it, Repsol does not undertake to publicly update or revise these forward-looking statements, even if new data were published or new events occurred.

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