Repsol YPF, S.A.
Paseo de la Castellana 278-280
Consent of Independent Petroleum Engineers
Ladies and Gentlemen:
Gaffney, Cline & Associates Inc. consents to the references to our firm included in Repsol YPF, S.A.’s annual report on
Form 20-F for the year ended December 31, 2009 (the “Annual Report”), and to the inclusion of our reports dated May 21, 2010,
as exhibits to the Annual Report.
UNITED KINGDOM UNITED STATES SINGAPORE AUSTRALIA ARGENTINA BRAZIL KAZAKHSTAN
June 25, 2010
Very truly yours,
GAFFNEY, CLINE & ASSOCIATES
/s/ David K. Morgan
David K. Morgan