Repsol YPF

Shareholder structure

	APRIL 2008	MAY 2007	JUNE 2006	MAY 2005	MARCH 2004
	(%)	(%)	(%)	(%)	(%)
Significant shares	59.5%	48.8%	29.1%	34.4%	36.9%
Sacyr - Vallehermoso	20.0%	20.0%	0.0%	0.0%	0.0%
PEMEX	4.9%	4.9%	4.8%	4.8%	4.8%
BBVA	0.0%	0.0%	0.0%	5.4%	6.3%
Criteria**	9.3%	9.1%	9.1%	9.1%	10.2%
Repinves	5.0%	5.0%	5.0%	5.0%	5.6%
Chase Nominees	9.8%	9.8%	9.8%*	10.1%*	10.01%*
Mutua Madrileña	2.0%	0.0%	0.0%	0.0%	0.0%
AXA	4.2%	0.0%	0.0%	0.0%	0.0%
Barclays	3.2%	0.0%	0.0%	0.0%	0.0%
Fidelity	1.1%	0.0%	0.0%	0.0%	0.0%
Free float	40.5%	51.2%	71.2%	65.6%	63.1%
Spain	19.7%	24.9%	29.5%	24.2%	23.5%
Institutional	12.8%	16.2%	19.2%	12.5%	11.7%
Minority	6.9%	8.7%	10.2%	11.6%	11.8%
Foreign	20.8%	26.3%	41.8%	41.4%	39.6%
United States	9.3%	11.8%	15.2%	14.0%	18.8%
Rest of World	11.4%	14.5%	26.6%	27.4%	20.8%
TOTAL	100%	100%	100%	100%	100%

 Shareholder structure (xls 19.5 Kb)

*Data closing date of corresponding year.
**In the years before 2008, this was included as La Caixa.

The figure given for the shares held by American institutional Shareholders is taken from Capital Precision, 2007 issue.  Rest of the world is the difference between this figure and the shares held by foreign investors.

More information about Ownership Structure of the Company (main direct and indirect shareholders, company relations, company's treasury stock, right to vote) in Corporate Governance Annual Report.