Phone (34)934013555.Fax3695 StockExchange Passeig deGràcia,19.08007Barcelona E-mail: [email protected] Internet: www.borsabcn.es Barcelona StockExchange fact sheet 2015 fact sheet 2015 General Data

History Board of Directors The roots of the Barcelona go back Chairman: Joan Hortalà i Arau to the Middle Ages with the emergence of commodity Directors: Enrique García Palacio exchanges at the time of the Commercial Revolution in Catalonia. The “Ordinacions” promulgated by King Jorge Harmat Pérez James I in 1271 is the oldest and most complete text Mª Isabel Munuera Rodríguez regulating the role of the mercantile mediator. José Luis Negro Rodríguez Organization and operation Towards the middle of the nineteenth century, with the Francisco de Oña Navarro industrial boom and the birth of the first Catalan corpo- rations, the trading of securities was started, with an ac- General Manager: José Mª Antúnez Xaus tive market in Barcelona where the role of the mediators was carried out by “Corredores Reales”, forerunners of the later “Agentes de Cambio y Bolsa” (stockbrokers). Employees: 53

The Official Stock Exchange was created in 1915, its government and administration being entrusted, until 29 July 1989, to the “Colegio de Agentes de Cambio y Bolsa” (Stockbrokers´ Association).

With the coming into force of Stock Market Act 24/1988 on 29 July 1989, the Barcelona Stock Exchange came under the control of the “Sociedad Rectora de la Bolsa de Valores de Barcelona, S.A.U.”. In 2002 the Barcelona Stock Exchange, along with Iberclear and the other Spanish markets, formed the Bolsas y Mercados Españoles Group (BME).

Members 23 The organisation and members of the Barcelona - Securities Companies 11 Stock Exchange. A network - Credit Entities 10 at the service of investment. - Securities Agencies 1 2 - No Settling Trading Member 1 3 After this auction, there is a continuous Mercado Alternativo Bursátil (MAB) Type of market trading from 09:00 to 17:35 h. A Multilateral Trading Facility provided for the trading of securities that, due to the particular legal conditions Floor trading Interconnected Stock-Market System the issuers are subject, or due to their size or special Electronic trading in stocks not integrated in the characteristics, require specific treatment for their Computer-assisted trading for stocks integrated in the Interconnected Stock-Market System, included the Interconnected Stock-Market System. This system trading, clearing, settlement and registration. Barcelona Stock Exchange Second Market for small gives equal access to all members of the Spanish and medium - sized corporations. Stock Exchanges, to a single national market. More Currently the MAB has four distinct securities trading than 95% of the total volume traded on the Spanish segments: Options and futures market Trading hours: stock markets is negotiated in this system. First auction period: from 8:30 h. to 12 h. All Barcelona Stock Exchange members have access • Investment Companies with Variable Capital (SICAV) First assignment of prices: 12 h. to the options and futures market on variable income. Trading hours: and hedge funds in the form of companies (SIL) Second auction period: from 12 h. a 16 h. Products traded: options and futures on stock indices The most liquid shares are traded continuously Second assignment of prices: 16 h. segment. and shares. from 09:00 to 17:30, with an opening auction • Risk capital segment. between 08:30 and 09:00 and a closing auction Stock Market system for fixed income and public debt • Growing companies segment. Trading hours: From 9:00 h. to 17:35 h. from 17:30 to 17:35. • Spanish real estate investment trusts (SOCIMI) Electronic trading of fixed income and public debt segment. Less liquid shares are traded via a system based within the Stock Market system. on two daily fixing at 12:00 and 16:00. Trading Trading hours: from 9 h. to 16:30 h. Latin-American Market (LATIBEX) Trading days Warrants A Multilateral Trading Facility for shares issued Catalonian Public Debt Market A specialised segment of the Interconnected Stock- by entities based in Latin-American countries and Monday to Friday Market System reserved for the trading of warrants, Telephonic trading, assisted by screens with previously listed on a Latin-American Stock Exchange. 2015 featured, 256 trading days. certificates and other products.. information on Catalonia Public Debt. Forms of trading are identical to those available on the market Trading hours: Public holidays in 2016 Trading hours: from 9:00 h. to 17:30 h. of entries in the CADE (Central de Anotaciones de Opening auction: From 8:30 h. to 11:30 h. 1 January 25 March 28 March Deuda del Estado) and all technical procedures have Continuous trading: From 11:30 h. to 17:30 h. 26 December Exchange Traded Funds (ETFs) been developed along the same lines. A special segment of the Interconnected Stock Mar- Transactions Parallelly to the phone trading system there is a ket System dedicated to the trading of Exchange complementary electronic trading system where All operations are cash transactions. Traded Funds (ETFs). simple transactions can be carried out. Trading hours: There is an opening auction between 8:30 Trading hours: Telephonic trading: 9 h. to 17 h. and 09:00 h. Electronic trading: from 9 h. to 16:30 h. 4 5 BCN ROE-30 Index FTSE Latibex Top Index Exceptions aside, gross interest income is subject This is a Barcelona Stock Exchange index composed This is the Latin-American , weighted to a withholding of 19% for 2016, to be deducted of the shares of the 30 highest earning/equity ratio according to the market value of the main companies from the personal income tax charge. (ROE) companies, in the IBEX 35®. The index is listed. calculated by weighting each equity according to the Capital gains and losses ROE. Date and base: 12-30-2002 = 1,000. Law 26/2014 removed the obligation to include on Date and base: 1-01-2001 = 10,000. general taxable base capital gains and losses on assets sales arising over a period of less than one Settlement BCN MID-50 Index Tax Regime year. Settlement of daily transactions is carried out three This is an index on the Barcelona Stock Exchange, working days later. which is representative of the average segment of the Dividends and General Meeting attendance bonuses As a result, all capital gains from the transfer of Spanish stock market. It is a simple index comprising assets, regardless of the seniority allowance of Dividends, General Meeting attendance bonus- Stock market indices the 50 companies included in the IBEX MEDIUM CAP® the element within the taxpayer’s assets, will be es and profit-sharing qualify as investment in- included within the savings taxable base, with tax BCN Global -100 Index and IBEX SMALL CAP® Indices. come, and must generally be added to the payable based on the aforementioned scale. This is the official index of the Barcelona Stock Date and base: 1-01-1994 = 4,000. “savings” category of the taxable base of per- Exchange. It is a trade-weighted index, made up of sonal income tax (Impuesto sobre la Renta de This general tax system is also applicable to capital the 100 most traded companies on the Barcelona BCN INDEXCAT Index las Personas Físicas), which is taxed at a rate gains derived from the transfer of or redemption Stock Exchange. This is a Barcelona Stock Exchange index composed of ranging from 19% to 23% from 1 January 2016 proceeds from shares and stakes in collective onward, determined by the following bands: Date and base: 1-01-1986 = 100. the shares of the 15 Catalonia-based listed companies investment institutions. Nonetheless, capital gains with the highest stock market capitalisation adjusted for and loss arising from the transfer of or redemption BCN Profit-30 Index floating capital. The index is weighted by capitalisation. 2016 and thereafter proceeds from shares and stakes in collective This is a Barcelona Stock Exchange index composed From taxable Charge Up to Rate investment institutions, in certain cases, shall not Date and base: 1-01-2001 = 10,000. base taxable base of the shares of the 30 most profitable companies in be included in the calculation of income tax if the 0.00 0 6,000.00 19% the IBEX 35®. The index is calculated by weighting amount obtained is reinvested in the acquisition Spanish Stock Exchanges Index IBEX 35® 6,000.00 1,140.00 44,000.00 21% each equity according to the quarterly profits declared of other shares or stakes in collective investment This is the official index for the continuous market of 50,000.00 10,380.00 them 23% by the companies concerned. the Spanish Stock Exchanges. It is an index weighted institutions, with the new shares and stakes keeping their value and the date of acquisition of by market value, made up of the 35 most traded Date and base: 1-01-2001 = 10,000. the shares or stakes transferred or redeemed. companies on the continuous market of the four Returns received as gross dividends shall be sub- Spanish Stock Exchanges. BCN PER-30 Index ject to a withholding tax rate of 19% in 2016, to be deducted at source. This is a Barcelona Stock Exchange index composed Date and base: 1-01-1990 = 3,000. of the shares of the 30 lowest price/earning ratio (PER) companies, in the IBEX 35®. The index is calculated Interest by weighting each equity according to the PER. Interest generally forms part of the “savings” cat- Date and base: 1-01-2001 = 10,000. egory of the taxable base, which is taxed at the 6 same rate as that established for dividends. 7 These deferral rules do not apply if the proceeds From 1 January 2017, the amount obtained Negative balances as a result of the offsetting of sale or redemption of shares and units of collec- through the sale of subscription rights from ne- of capital gains not derived from the transfer of tive investment institutions are made available to gotiated securities will be integrally calculated as assets can be offset with the rest of the income the taxpayer in any form. Nor do the deferral rules capital gains without reducing the acquisition cost included within the general taxable base, to a lim- apply if the sale or redemption concerns shares of the securities. it of 25%. If, after this offsetting, there is still a in the equity of a collective investment institution negative balance, the amount may be offset in the qualifying as a listed investment fund (ETF). same way over the four following years. This Law Finally, capital gains that are not derived from a 26/2014 has established a transitory taxation transfer will continue to be included within the system applicable to negative balances that were Taxable gains on the sale or redemption of shares general taxable base. pending offsetting from 31 December 2012. or units in collective investment institutions are subject to a withholding of 19% for 2016, except Exemption from value-added tax and transfer tax if the collective investment institution qualifies as Offsetting of income International double taxation a listed investment fund (ETF). Outside certain statutory exceptions specifically Another significant change of Law 26/2014 was Here, the tax regime is shaped by the existence involving transfers of title to land, sales of secu- the option to offset returns against capital gains of a double taxation treaty between and the rities, exchange-traded or otherwise, are exempt in the savings base, with certain limits. investor’s country of residence and by the various The person under an obligation to pay in a 19% exemptions available under Spanish tax law. The from transfer tax/stamp duty (Impuesto sobre for 2016 withholding on the gain is sometimes Transmisiones Patrimoniales y Actos Jurídicos For the 2016 Income Tax Declaration, any capital investor must produce proof of domicile. the shareholder/unitholder making the sale or re- Documentados) and from value-added tax (Im- losses on property included in the taxable savings demption. base can be offset by the positive balance derived puesto sobre el Valor Añadido). from capital gains derived from the transfer of as- However, the Ley del Impuesto sobre la Renta sets, to a limit of 15% for 2016 (20% for 2017 de No Residentes (Non-Resident Income Tax Another important new aspect introduced into the and 25% from 2018 onward) of the aforesaid the Act) allows an exemption for income obtained by Wealth tax reform of the income tax system makes reference positive balance. If, after this offsetting, there is non-resident individuals or entities from the sale to the transfer of subscription rights from nego- The reintroduction of wealth tax places taxable per- still a negative balance, the amount may be offset of securities or the redemption of units in invest- tiated securities, although this will not come into sons under a duty to report their assets and rights in the same way over the four following years. ment funds taking place on a Spanish regulated force until 2017. at year-end of every year. market without the involvement of any permanent establishment in Spain if such individual or entity Under the Law 19/1991 (Wealth Tax Act), fixed-income Any negative balance regarding capital gains and is resident in a state that has in place a double Until 31 December 2016, the amount obtained securities, equity securities and investment fund units losses included in the taxable savings base can be taxation treaty with Spain with an information ex- from subscription rights from negotiated securi- must be measured as follows: offset by the positive balance derived from capi- change clause. ties will continue to reduce its acquisition value tal gains on property derived from the transfer of until cancellation, with the excess, if applicable, assets, to a limit of 15% for 2016(20% for 2017 taxable as capital gains. and 25% from 2018 onward) of the aforesaid the Under most of the treaties to which Spain is a positive balance. Any remaining negative balance signatory the final tax rate in the source country may be offset in the same way over the four fol- is 15% for dividends and 10% to 15% for interest. 8 lowing years. 9 Restrictions on foreign investment already been issued or publicly offered on a regulated market. Specific registration with the stock exchange Foreign Investment Regime Foreign investment in Spain, and disinvestment, is is not required.. deregulated. However, the deregulated regime may be suspended: Foreign investment in Spain is governed by Royal Decree The following persons must report investments/ 664/1999 of 23 April concerning foreign investment. - The Council of Ministers may suspend the disinvestments: - Fixed-income securities: generally applicable deregulated regime were Securities representing assignments to third investment affects activities impinging on the - As a rule, the non-resident owner of the investment. parties of own capital (treasury bills, bonds and Persons holding title to foreign investments exercise of government powers, or on public debentures, etc.) are measured at their average A foreign investment in Spain, to qualify as such, order, public safety or public health. Here, - In particular: quoted value in the fourth quarter of the year. must be held by a non-resident individual or legal per- investment becomes subject to prior govern- son domiciled overseas. ment authorization. • An investment in tradable securities must be - Equity securities: reported by an investment service entity, a Securities representing a share in the equity of any - Activities directly relating to national defence credit institution or another financial institution form of entity listed on a regulated market, other holding an authorization or mandatorily involved than a collective investment institution, are measu- Foreign investments in Spain arise in the follow- require prior government authorization and are red at their average quoted value in the fourth ing ways: subject to a special regime. in subscription for or sale of securities or acting as the depositary or manager of acquired quarter of the year. - Shareholdings in Spanish companies. - Special regimes also apply to foreign investment securities. - Collective investment institutions: in Spain in relation to air transport, radio - Creation or expansion of a branch network. Securities representing a share in the members’ broadcasting, minerals and raw materials, • The Spanish company attracting the investment funds or equity of a collective investment institution if the shares are registered. - Subscription for and acquisition of tradable strategic minerals and mining rights, television are measured at their net asset value at the date of securities representing borrowings issued by broadcasting, gambling and telecommunications. accrual of the tax (31 December). • The investment fund management company if residents. the transaction involves a Spanish investment - Shareholdings in investment funds registered Reporting foreign investment in/disinvestment fund. with the Comisión Nacional del Mercado de from Spain Valores, the Spanish securities market regulator. Foreign investment in/disinvestment from Spain must be reported to the Ministry of Economy and Finance’s - Acquisition of real property in Spain. Investment Registry for administrative, statistical and economic purposes. Investment originating in - Creation or formation of, or shareholdings in, countries or territories qualifying as tax havens, joint ventures, foundations, economic interest however, are subject to ex ante reporting – except, groupings, cooperatives and partnerships. for the purposes with which we are concerned here, if 10 such investment targets tradable securities that have 11 BCN INDEXCAT Base 1-1-2001 = 10.000 2015 BCN Global-100

This is calculated daily, in real time. 1000

On 12-31-2015 = 17,752.56 950

900

850

Spanish stock exchanges indices 800

750 IBEX 35® Base 1-1-1990 = 3,000 2015 in figures 700 This index, together with the IBEX MEDIUM CAP® and IBEX SMALL CAP® indices, is calculated daily, in real 01-01-15 01-01-15 14-01-15 27-01-15 09-02-15 22-02-15 07-03-15 20-03-15 02-04-15 15-04-15 28-04-15 11-05-15 24-05-15 06-06-15 19-06-15 02-07-15 15-07-15 28-07-15 10-08-15 23-08-15 05-09-15 18-09-15 01-10-15 14-10-15 27-10-15 09-11-15 22-11-15 05-12-15 18-12-15 31-12-15 Barcelona Stock Exchange time. Listing changes (number of issuers) Indices On 12-31-2015 = 9,544.20 New listings 8 BCN Global-100 Base 1-1-1986 = 100 BCN PROFIT-30 Base 1-1-2001 = 10,000 FTSE Latibex TOP Base 30-12-2002 = 1,000 Exclusions 33 A general index and nine sectorial indices are This is calculated daily, in real time. This is calculated daily, in real time.

calculated daily, in real time. Market value On 12-31-2015 = 13,498.76 On 12-31-2015 = 2,262.10 Million Year low: 740.71 (21/12) Year high: 999.55 (04/13) Catalonia Public Debt and BCN PER-30 Base 1-1-2001 = 10,000 03/31/2015: 970.46 06/30/2015: 904.32 other Public Funds 6,276 09/30/2015: 767.07 12/31/2015: 754.45 This is calculated daily, in real time. Activity of the stock market Debentures 1,488 Shares 763,227 BCN Global-100 Yearly Base 1-1-2015 = 100 On 12-31-2015 = 21,864.94 Listed securities Total 770,991 A general index and nine sectorial indices are calculated daily, in real time. BCN ROE-30 Base 1-1-2001 = 10,000 Fixed income: This is calculated daily, in real time. Catalonia Public Debt and Market value of new listings On 12-31-2015 = 88.02 other Public Funds 43 On 12-31-2015 = 21,703.30 Debentures 41 Million euros BCN Global-100 Historic Base 1-1-1963 = 100 Catalonia Public Debt and BCN MID-50 Base 1-1-1994 = 4,000 Variable income: A general index and eight sectorial indices are Shares 124 other Public Funds 110 calculated daily. This is calculated daily, in real time. Debentures -

Listed Corporations 132 Shares 5,215 12 On 12-31-2015 = 1,939.07 On 12-31-2015 = 17,762.16 Total 5,325 13 New capital issues Stock Exchange ratios 12-31-2015

Number of new capital issues 41 - For cash 14 - Scrip issues 27 17 16 15 - For cash 7,972 Million euros 14 - Scrip issues 1,108 Million euros 13 12 11 10 9 8 Largest corporations according Most traded Trading volume 7 6 to their market value corporations Effective 5 Million euros 4 (Million euros) (Million euros) Catalonia Public Debt and 3 1 Industria de Diseño Textil “” 98,767 1 33,598 other Publics Funds 22,594 2 2 Banco Santander 65,792 2 Telefónica 24,682 Debentures 161 1 0 3 Telefónica 50,921 3 Banco Vizcaya Argentaria 20,227 Shares 187,110 PER Div/P % 4 Banco Bilbao Vizcaya Argentaria 42,905 4 Inditex 15,613 Total 209,865 5 41,506 5 Iberdrola 9,318 6 19,613 6 7,963 7 Gas Natural SDG 18,828 7 Aena 5,412 Sector P/E Yield 8 Caixabank 18,718 8 Amadeus It Holding 5,165 11 % 9 Amadeus It Holding 17,853 9 Abertis Infraestructuras 4,443 Electricals 15.01 4.17 10 International Consolidated Airlines Group 16,881 10 Banco de Sabadell 3,878 Banks 12.22 5.93 11 Aena 15,810 11 Caixabank 3,606 Chemicals 15.65 8.06 12 15,270 12 Red Eléctrica Corporación 3,485 Cement, Building and Real Estate 13.53 2.74 13 Repsol 14,172 13 Telecom 3,369 Iron and Steel 15.01 2.51 14 Abertis Infraestructuras 13,592 14 Gas Natural SDG 2,959 Food, Agric. and Forestry 21.13 2.58 15 12,993 15 Enagás 2,901 89 % Textiles and Paper 35.83 1.70 16 12,369 16 Endesa 2,573 Trade and Finances 10.52 4.38 17 Red Eléctrica Corporación 10,431 17 Ferrovial 2,032 Variable Income 187,110 Service and Sundry 10.04 4.69 18 Banco de Sabadell 8,893 18 1,991 Fixed Income 22,755 19 ACS, Actividades Construcción y Servicios 8,501 19 Banco Popular Español 1,935 14 209,865 General Barcelona Stock Exchange 13.97 5.91 20 7,120 20 Mapfre 1,641 15 Trading assistance from the most prestigious national and international agencies. The NetStation platform has a powerful The Barcelona Stock Exchange has an integral com- built-in professional Technical Analysis tool with more munications network which allows its members ac- than 40 indicators and oscillators. cess to the following markets: - Interconnected Stock-Market System. Web Terminal. This service, aimed at non- - Fixed Income and Public Debt Trading System. professional investors, is based on the new Rich - Options and Futures market (variable income). Internet Application concept and supports the latest “FLEX” technologies that allow the reception of Back-office services information in real time with the same power and reliability as conventional terminals. Without the need Barcelona Stock Exchange Barcelona Services and products The Barcelona Stock Exchange also provides servic- to install any new applications on their computer, the es in the following areas: user can receive automatically updated information - Clearing and Settlement Systems (SCLBARNA). on the Spanish Continuous Market, the main - Deposit Management Service (SGD). international indexes, the Spanish futures market - Administration systems. (MEFF), the German futures market (Eurex) as well as Transmission of book entries. currencies and news. Web Terminal also features a Control of issuers´ financial operations. chart analysis tool and allows user customisation of Transaction register. pages and portfolios. Shareholder register. Accounting register of non-listed shares, etc. World Integrated Feed (WIF) Data Flow. A digital data flow is available to clients whereby they can re- ceive and process financial information from the na- Information available tional and international markets in either real time, delayed or at close of trading, via a single connec- The Electronic Trading Centre Trading and settlement All Information concerning the Barcelona Stock tion. Exchange and other Spanish and International markets Centrally located and equipped with the most ad- Order routing service (SGO) is available via the services provided, according to ASP Services. Make it possible to insert financial vanced technology, the Electronic Trading Centre information components or tools (tickers, national A routing system allowing Stock Exchange members the agreements reached with Infobolsa. is the new gateway to the major national and inter- and international markets tables, advanced graphics, computerized reception, transmission and confirma- national markets, as well as a point of reference real time or delayed user portfolio updates, currency tion of orders to be traded on the International mar- NetStation. This platform provides real time informa- for broker-dealing and channelling investments, calculators, etc. into any webpage. All components kets. It also features a system for publication and tion on the most relevant national and international since it permits simultaneous trading on a large and tools inserted do not affect the corporate image matching of deals. variable income, fixed income, derivatives, commod- number of markets, as well as the direct interac- ities, money markets, currencies and investment of the webpage in question. tion of investors. funds. This service also provides economic and finan- cial information, forecasts and consensus of all equi- 16 ties included. In addition, it provides real time news 17 Mobile Devices. This service makes it possible to offer everyone real time, recorded or close of trading Services for the general Specialised services for small The Investors’s updates on the main international indexes and los public and issuers and medium sized companies Ombudsman valores que los componen, as well as currencies, news and macroeconomic information, via App All Departments of the Barcelona Stock Exchange are Apart from the Second Market for Small and Medium The person appointed by the Barcelona Stock avalaible on iOS platforms (IPhone and IPad) and open to the public to deal with any questions about the sized Companies the Barcelona Stock Exchange has Exchange to protect and safeguard the rights and Android. stock market and the securities traded on it, as well set up a sertes of complementary services designed legitimate interests of investors and process any

as any questions brought up by listed corporations. to encourage new companies to enter the stock complaints made in relation to the operations carried market. These services are as follows: out on the Barcelona Exchange against the Exchange Publications Library itself or the Companies and Stockbrokers who are The Library consists of a collection of books and - Publishing of operations carried out on unlisted members. journals on financial and economic subjects, including stocks. Periodical publications: mainly data on national and foreign stock exchanges, - Book keeping under the book entry system, of the corporate finance, security analysis and portfolio accounts record of unlisted stocks. Market Price Bulletin. Includes daily information management. Annual and audit reports of listed on prices and trading volume as well as information corporations are available to the public in the library. on securities traded. This is available free of charge, from 22.00 onwards at www.borsabcn.es. Visits to the Stock Exchange There is a daily service of organized visits which, in Quarterly and Biannual Information. Comprises 2015, catered for 13,535 visitors, mainly university financial statements and other relevant economic students and students from high schools. information on listed corporations. It is available at www.borsabcn.es.

The Barcelona Stock Exchange Annual Report. Features a complete statistical annex. It is available at www.borsabcn.es.

Information Leaflets (free).

Fact Sheet 2015 (Spanish, Catalan and English).

18 19 Securities Companies Credit Entities

Ahorro Corporación Financiera, S.A., S.V. Inverseguros, S.V., S.A.U. Banco Alcalá, S.A. BNP Paribas, S.A., Sucursal en España Paseo de Gracia, 74, 1º 1ª Pedro Muñoz Seca, 4 Paseo de Gracia, 7, 4º B Ribera del Loira, 28, 4ª planta 08008 – Barcelona 28001 - 08007 – Barcelona 28042 - Madrid Office Phone: 93 366 24 00 Office Phone: 91 426 38 20 Office Phone: 93 521 55 00 Office Phone: 91 209 50 50 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55

Auriga Global Investors, S.V., S.A. Link Securities, S.V., S.A. Banco Bilbao Vizcaya Argentaria, S.A. CaixaBank, S.A. Barcelona Stock Exchange Barcelona Members Av. Diagonal, 468, 3º C Rambla Volart, 96, entresuelo Plaza Cataluña, 5 Av. Diagonal, 621-629. Torre 2 08006 – Barcelona 08041 – Barcelona 08002 – Barcelona 08028 – Barcelona Office Phone: 93 441 37 73 Office Phone: 93 401 37 41 Office Phone: 93 404 38 00 Office Phone: 93 404 60 00 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 36 87 Stock E. Phone: 93 401 35 45 Stock E. Phone: 93 401 35 55

Beka Finance, S.V., S.A. Mercavalor, S.V., S.A. Banco de Sabadell, S.A. Deutsche Bank AG, Sucursal en Londres Marqués de Villamagna, 3 Marqués de Riscal, 11 A – 1º 2ª Isabel Colbrand, 22, 6ª planta Winchester House, 1. Great Winchester Street 28001 - Madrid 28010 - Madrid 28050 – Madrid , EC2N 2DB, United Kingdom Office Phone: 91 436 78 00 Office Phone: 91 770 98 70 Office Phone: 91 782 91 06 Office Phone: +44 (20) 75 45 8000 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55

C.M. Capital Markets Bolsa, S.V., S.A. Renta 4, S.A., S.V. Banco Inversis, S.A. Haitong Bank, S.A., Sucursal en España Av. Josep Tarradellas, 8 -10 Paseo de Gracia, 77. Principal Avenida Diagonal, 640 Serrano, 88 08029 – Barcelona 08008 – Barcelona 08017 – Barcelona 28006 – Madrid Office Phone: 93 176 94 22 Office Phone: 93 304 19 00 Office Phone: 93 238 48 50 Office Phone: 91 400 54 00 Stock E. Phone: 93 401 35 20 Stock E. Phone: 93 401 36 44 Stock E. Phone: 93 401 35 55 Stock E. Phone: 93 401 35 55

Eurodeal, S.V., S.A. Santander Investment Bolsa, S.V., S.A. Banco Mediolanum, S.A. Société Générale, Sucursal en España Av. Diagonal, 640, 6ª planta Paseo de Gracia, 5 Avenida Diagonal, 668-670 Paseo de Gracia, 54, 4º B 08017 – Barcelona 08007 – Barcelona 08034 – Barcelona 08007 – Barcelona Office Phone: 93 228 78 00 Office Phone: 93 520 03 50 Office Phone: 93 253 54 00 Office Phone: 93 272 27 50 Stock E. Phone: 93 401 36 48 Stock E. Phone: 93 401 35 51 Stock E. Phone: 93 401 37 84 Stock E. Phone: 93 401 35 55

GVC Gaesco Valores, S.V., S.A. Doctor Ferran, 3-5 08034 – Barcelona 20 Office Phone: 93 366 27 27 21 Stock E. Phone: 93 401 36 00 Securities Agencies

Gestión de Patrimonios Mobiliarios, A.V., S.A. Rambla de Catalunya, 98, 8º 2ª 08008 – Barcelona Office Phone: 93 242 78 62 Stock E. Phone: 93 401 35 55

No Settling Trading Member

Solventis, A.V., S.A. Avenida Diagonal, 682, 5º B 08034 – Barcelona Office Phone: 93 200 95 78 Stock E. Phone: 93 401 35 55

For any further information, please contact:

Departments of Markets and Information and Study, Publications and International Relations Barcelona Stock Exchange Passeig de Gràcia, 19 08007 - Barcelona Tlfs. (34) 93 401 36 84 – (34) 93 401 36 68 22 Fax (34) 93 401 36 95 – (34) 93 401 36 25 23