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Government Debt' Auction

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06/0452

NOTICE N.º 0452/06

We hereby inform that, on 11th May, 2006, 105.900.100.000 bonds representing direct Public Debt were registered, regarding the loan "OT 4,10% 15 Abril", which auction took place on 10th May, 2006, under the code OTE5OE. These bonds are fungible with 315.000.000.000 bonds already issued (total amount in circulation: 420.900.100.000).

INTERBOLSA, 12th May, 2006