Conversion of provisory certificates from HIP9AE--R to HIP AE

NOTICE N.º 1046/06

We hereby inform that the 2.524.674 shares representing the increase of the share capital from 150.065,20 to 655.000,00 EUR, of HIDROPROJECTO - Engenharia e Gestão, S.A., registered under the code HIP9AE--R, took, on 7^th November, 2006, the code HIP AE.

INTERBOLSA, 8^th November, 2006