Introducing NH Hoteles NH Hoteles’s hotel activities registered an important improvement in 2006 with a net 30.6% increase over the year before. This result was made possible thanks to a 13.4% increase in hotel income, up to €1,021.57M. Occupancy gains and an 8.7% increase in the ADR (average price) contributed to sales growth. Revpar (revenue per available room) rose 9.7%. Hotel activity’s EBITDA (operating profit) climbed to €161.80M and registered a rise of 27.2% over 2005. Chain-wide total revenue rose to €1,090M, including Sotogrande, and the net benefit for the consolidated group remained stable at €62.45M. The net benefit was diluted by lower income from Sotogrande, which is explained by the sale of a parcel of land in 2005. NH Hoteles are renowned for their quality of service at their facilities, a very carefully thought-out décor to please all tastes that is uniform and comfortable for the client. Our establishments feature the most advanced technologies to facilitate the client in communication, work and entertainment. NH Hoteles is quoted on the Madrid Stock Exchange (a member of the select Ibex 35). NH HOTELES (WWW.NH-HOTELS.COM) RANKS THIRD IN THE EUROPEAN HOTEL BUSINESS. CURRENTLY EMPLOYING 19,814 PEOPLE, THE CHAIN OPERATES 335 HOTELS WITH 48,825 ROOMS IN 21 COUNTRIES OF EUROPE, AMERICA AND AFRICA. NH HOTELES PRESENTLY HAS 32 NEW HOTEL PROJECTS UNDER CONSTRUCTION, WHICH WILL ADD 6,000 NEW ROOMS. NH Corporate Responsibility 2006 7 NH HOTELES PORTFOLIO BREAKDOWN NH HOTELES PORTFOLIO APRIL 2007 UNITED STATES TOTAL Hotels Rooms United States 1 242 TOTAL UNITED STATES 1 242 TOTAL Hotels Rooms TOTAL NH HOTELES 335 48,825 EUROPE TOTAL Hotels Rooms Spain 125 14,006 Germany 58 10,075 Italy 57 7,997 Holland 32 5,964 Belgium 9 1,309 Austria 7 1,225 Switzerland 4 562 United Kingdom 3 596 Portugal 3 313 Rumania 2 161 France 1 162 Hungary 1 160 Luxemburg 1 148 TOTAL EUROPA 303 42,678 28% Spain 21% Germany 16% Italy 12% Holland 7% Mexico 6% Others 3% Austria 3% Belgium 2% Argentina 2 % Cuba 16% 6% 3% 28% 12% 21% 3% 7% 2% 2% 120 0 20 40 60 80 100  NH Hoteles   120  Sol Meliá   90  AC   68  Husa   64  Accor   54  Eurostars   40  Hesperia   34  Catalonia   33  Silken   29  Barceló   15 Source: GBS Financial (March 2007) LATIN AMERICA TOTAL Hotels Rooms Mexico 16 3,177 Argentina 8 1,128 Cuba 2 967 Uruguay 1 136 Brazil 1 135 Chile 1 122 TOTAL LATIN AMERICA 29 5,665 AFRICA TOTAL Hotels Rooms South Africa 2 240 TOTAL OTHER COUNTRIES 2 240 BREAKDOWN OF ROOMS BY COUNTRY CHAIN RANKINGS BY NUMBER OF URBAN HOTELS IN SPAIN