The Compensation and Nominating Committee was constituted on 30th June 2000 and its basic functions are to study and report on the appointment proposals for Directors, members of the Board's Committees and Top Managers of the Company and its subsidiaries, to approve draft contracts of employment and remuneration scales for Top Managers, to establish the compensation regime of Directors, to study and report on incentive plans and to prepare and keep a record of the situation of the Company's Directors and Top Managers.

The Compensation and Nominating Committee's working rules can be found in the Company's web page, under the heading corresponding to the Rules of the Board of Directors.

The current composition of the Compensation and Nominating Committee is as follows:

Chairman:
Mr. Josep de Nadal Capará

Members:
Mr. Matías Amat Roca.
Mr. Manuel Herrando y Prat de la Riba.

Secretary:
Mr. José Mª Mas Millet