Penelope Cruz exudes glamor in a sheer black dress with

Penelope Cruz exudes glamor in a sheer black dress with a thigh-high slit at the Sebastian Film Festival

Penelope Cruz exudes glamor as she wears a sheer black gown with intricate lace detailing and a thigh-high slit at the 70th San Sebastian Film Festival

Penelope Cruz cut a glamorous figure as she walked the red carpet at the 70th San Sebastian Film Festival in Spain on Friday.

The 48-year-old actress will receive a Spanish National Film Award for her contribution to cinema on Saturday.

And she looked stunning as she posed for photographers at the event. She wore a see-through black dress with intricate lace detailing and a thigh-high front slit.

Glitterati: Penelope Cruz, 48, cut a glamorous figure as she walked the red carpet at the 70th San Sebastian Film Festival in Spain on Friday

Glitterati: Penelope Cruz, 48, cut a glamorous figure as she walked the red carpet at the 70th San Sebastian Film Festival in Spain on Friday

Penelope’s dress had a plunging neckline, and the skirt reached almost to the floor.

She added a few inches to her stature by wearing a pair of black heels and carrying a matching handbag.

The screen star wore copious amounts of makeup to accentuate her pretty features and accessorised with some sparkling silver dangle earrings.

In style: She looked stunning as she posed for photographers at the event, wearing a sheer black dress with intricate lace detailing and a thigh-high front slit Penelope's dress had a plunging neckline, and the skirt reached almost to the floor

In style: She looked stunning as she posed for photographers at the event, wearing a sheer black dress with intricate lace detailing and a thigh-high front slit

She appeared in a playful mood as she posed next to Argentinian actor Juan Diego Botto, 47, who looked dapper in a black suit.

He was wearing a white shirt, which he left open at the collar, and opted for a pair of smartly polished black shoes.

The pair greeted fans as they walked the red carpet, stopping to pose for photos and sign autographs.

Fooling around: She appeared in a playful mood as she posed next to Argentinian actor Juan Diego Botto, 47, who looked dapper in a black suit

Fooling around: She appeared in a playful mood as she posed next to Argentinian actor Juan Diego Botto, 47, who looked dapper in a black suit

Greeting their audience: The pair were seen greeting fans as they walked the red carpet, stopping to pose for photos and sign autographs

Greeting their audience: The pair were seen greeting fans as they walked the red carpet, stopping to pose for photos and sign autographs

Award: The actress will receive a Spanish National Film Award for her contribution to cinema on Saturday

Award: The actress will receive a Spanish National Film Award for her contribution to cinema on Saturday

Penelope was also joined at the event by her lookalike younger sister, fellow actress Monica Cruz, 45.

Monica showed off her chic sense of style in a black dress with a plunging neckline.

The tiered circle skirt on display as she posed on the red carpet while posing for photos.

Family affair: Penelope was also joined at the event by her lookalike younger sister, fellow actress Monica Cruz, 45

Family affair: Penelope was also joined at the event by her lookalike younger sister, fellow actress Monica Cruz, 45

She wore a pair of gold platform shoes to add to her height and carried a small rose gold clutch.

Monica wore her hair back in a ponytail and opted for a pair of tiny gold hoop earrings.

Earlier in the day, her sister Penelope looked chic in an all-black ensemble as she attended a screening of her new thriller-drama On The Fringe during the San Sebastian Film Festival.

Looking good: Monica showed off her chic sense of style in a black dress with a plunging neckline

Looking good: Monica showed off her chic sense of style in a black dress with a plunging neckline

Stylish: Penelope was the picture of chic in geometric patterned jeans as she attended a screening of her new thriller On The Fringe earlier in the day

Stylish: Penelope was the picture of chic in geometric patterned jeans as she attended a screening of her new thriller On The Fringe earlier in the day

On-Screen: On The Fringe is a film about family, love and solidarity that connects the stories of three different characters as they embark on life-changing journeys in a race against the clock every 24 hours

On-Screen: On The Fringe is a film about family, love and solidarity that connects the stories of three different characters as they embark on life-changing journeys in a race against the clock every 24 hours

The actress donned dark jeans with a geometric pattern print and tucked in a black blouse with gold button detailing and straight-leg pants.

Juan Diego Botto’s Spanish-Belgian film On The Fringe stars the Vanilla Sky star as Azucena and is nominated for the City of Donostia Audience Award at the 70th Annual Film Festival.

Penelope stars in the film, also called En los Márgenes, alongside Spanish actor Luis Tosar.

Nailed it: She put up a storm while donning dark jeans with a geometric pattern print and tucking a black blouse with gold button detailing into straight-leg pants

Nailed it: She put up a storm while donning dark jeans with a geometric pattern print and tucking a black blouse with gold button detailing into straight-leg pants