Mecalux notice of extraordinary General Meeting and proposal for liberalized capital increase

23 Jul 2008

The Board of Directors of Mecalux has convened an Extraordinary General Shareholders Meeting for the 4th or the 5th of September 2008, respectively on the first or second announcement, at the registered seat of the company in Cornellà de Llobregat (Barcelona, Spain).

The proposed items for this meeting are:

Appointment of two members of the Board of Directors on a proposal of the society of business promotion and participation of Caja de Madrid, company of the Caja Madrid group.

Allotment of the extraordinary dividend for an amount of 0.16 euros gross per share, out of the available reserves, for a total amount of 5,377,240 euros (the total of shares of the society capital rises to 33,607,750 euros).

Realisation of an increase of capital to be debited against the issue premium (increase of the liberalized capital), in the proportion 1 new share for every 10 old shares.

Last june 27th Mecalux held its General Shareholders Meeting which approved the distribution of €8,8 million among its shareholders, 0.33 euro gross per share. The meeting approved the appointment of Antonio González-Adalid as representative of Cartera Industrial REA. The increase which gave entrance to Caja Madrid with 20% was communicated on 3 June to the Spanish securities and Exchange Commission and underwrited the 14 of July.

The entrance of Caja Madrid was realized for a total amount of € 168 million and means an important support to the strong growing and expansion process in the international markets which is carried out by Mecalux.