CEPSA GAS LICUADO, S.A.

Trading and Distribution of Gas

Avda. Ribera del Loira, nº 50 1ª planta.

28042 Madrid Spain

Phone number: 902 416 416

CEPSA's participation:

100%

CEPSA PANAMA. S.A.

Supply of Oil Products to Ships

C/ 50 Edificio Banco Alemán 6º Piso.

Panama

Phone number: 507 214 77 09

CEPSA's participation:

67%

PROPEL-PRODUTOS DE PETROLEO, L.D.A.

Supply Points Management Service

Avda. Columbano Bordalo Pinheiro, 108-3º.

1070-067  Lisboa Portugal

CEPSA's participation:

100%

CEPSA CARD, S.A.

Management of Group Cards

Avda. Partenón, 12 3ª C.

28042 Madrid Spain

Phone number: 902 322 110

CEPSA's participation:

100%

RED ESPAÑOLA DE SERVICIOS, S.A. (RESSA)

Management of Group Cards

Pº de la Castellana, 176.

28046 Madrid Spain

CEPSA's participation:

55%