Notice of share capital reduction

In accordance with article 319 of the Spanish Capital Companies Act (LSC), notice is given that the Ordinary and Extraordinary General Meeting of Shareholders of "PROMOTORA D'EXPORTACIONS CATALANES, S.A." (the Company), held as a Universal Meeting on 28 June 2023, unanimously resolved, among other matters, to reduce the Company's share capital, subject to obtaining the corresponding Government Agreement of the Generalitat de Catalunya.

The capital reduction amounts to €132.30096, that is, the share capital falls from €509,112.06 to €508,979.76, through the redemption of 33 series A shares with a nominal value of €4.009120 each, specifically those numbered 901 to 920 and 18,088 to 18,100 inclusive. The purpose of the capital reduction is the divestment by their holders and therefore the return of their contributions to them: specifically, the return of €132.30096 for the 33 redeemed shares, all of which belong to two shareholders, with the unanimous consent of the remaining shareholders. Article 5 of the Articles of Association is hereby reworded.

As a result of the capital reduction, the new share capital is €508,979.76, represented by 40,567 shares, of which 23,067 are series A shares with a nominal value of €4.009120, 5,000 are series B shares with a nominal value of €23.199067 and 12,500 are series C shares with a nominal value of €24.040484, all fully subscribed and paid up.

It is expressly noted that this capital reduction was approved by Government Agreement 65/2024 of 19 March, published in the Official Gazette of the Generalitat de Catalunya no. 9127 of 21 March 2024.

This amendment to the Articles of Association will take immediate effect once this notice has been published, the creditors' objection period has elapsed and it is formalised by the governing body.

The Company's creditors may object to the capital reduction within one month from the date of publication of the last notice of the reduction resolution, under the terms of articles 334, 336 and 337 of the LSC.

Barcelona, 23 April 2024. Chair of the Board of Directors. Mr David Mascort Subiranas.