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Dividends
Year Payment date Gross dividend (€) Net dividend (*) Nature
2004
15/7/2004
0.70 per share
0.70 per share
Distribution of share premium
2005
15/7/2005
0.70 per share
0.59 per share
Allocation of 2004 profit
2006
17/7/2006
0.70 per share
0.70 per share
Distribution of share premium
2007
18/7/2007
1.40 per share
1.40 per share
Distribution of share premium

2008

17/7/2008

0.70 per share

0.70 per share

Distribution of share premium

2009

15/7/2009

0.70 per share

0.70 per share

Distribution of share premium

2010

15/7/2010 (**)

0.70 per share

0.70 per share

Distribution of share premium

(*) Applying standard withholding tax prevailing in Spain, although actual taxation depends on the recipient of the dividend

(**) The dividend will be payable from 15 July 2010 following the operating rules of the Spanish clearing and settlement system "Iberclear", through BNP Paribas Securities Services, Spain Branch