41 BOARD OF DIRECTORS - NH HOTELES, S.A. President and Chief Executive Officer: GABRIELE BURGIO Directors: RAMON BLANCO BALÍN JOSÉ DE NADAL CAPARÁ RODRIGO ECHENIQUE GORDILLO ALFREDO FERNÁNDEZ DURÁN Mª ELENA GIL GARCÍA MANUEL HERRANDO Y PRAT DE LA RIBA AURELIO IZQUIERDO GOMEZ BERNARD s’JACOB ALFONSO MERRY DEL VAL GRACIE MIGUEL RODRÍGUEZ DOMÍNGUEZ LUIS F. ROMERO GARCIA Secretary to the Board: JOSE MARÍA MAS MILLET Vice-Secretary to the Board: J. IGNACIO ARANGUREN GONZÁLEZ-TARRÍO Gabriele Burgio Executive Chairman Isabel Aguilera Chief Operating Officer Ignacio Aranguren General Manager of Corporate Investment and Strategy Roberto Chollet Chief Financial Officer Gustavo Gabarda Sotogrande Chief Executive  Officer Juan Mora Human Resources Manager MANAGEMENT COMMITTEE - NH HOTELES, S.A.

42 Spain, Germany, The Netherlands, Belgium, Portugal, Austria, Switzerland, Hungary, Argentina, Mexico, Cuba, Uruguay, Chile, Brazil, South Africa and Ghana. 240 hotels in 16 countries. 35,000 rooms on three continents. The NH philosophy goes farther every day. 902 115 116 / www.nh-hotels.com Our brand reaches around the globe.