0001193125-06-045467 Sample Contracts

GAS NATURAL SDG, S.A. and THE BANK OF NEW YORK As Depositary and OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES Deposit Agreement Dated as of , 2006
Deposit Agreement • March 6th, 2006 • Gas Natural SDG Sa • Gas & other services combined • New York

DEPOSIT AGREEMENT dated as of , 2006 among GAS NATURAL SDG, S.A., a company (sociedad anónima) incorporated under the laws of the Kingdom of Spain (herein called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and Holders of American Depositary Shares issued hereunder.

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