REPORT OF THE BOARD OF THE IRISH

STOCK EXCHANGE

CANCELLATION NOTICE

Irish Stock Exchange

28 Anglesea Street

Dublin 2

20th July 2012

Listing and trading of the under mentioned securities has been cancelled with effect from 20th July 2012.            

RED ELÉCTRICA FINANCIACIONES, SOCIEDAD ANÓNIMA UNIPERSONAL

Series ECP001 Issue of EUR 20000000 European Commercial Paper due 20 July 2012 

XS0775903825

Debt Security - European Commercial Paper

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.