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The Company’s shares are listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges. The ISIN code is ES0152503035.

Gestevisión Telecinco, SA is a member of the IBEX 35 since 3 January 2005.

BUSINESS OUTLOOK

The Company’s business in 2011 will evidently be shaped by the overall macroeconomic environment. As discussed briefy in this Management Report, this year is likely to be one of transition, with no major economic rebound in the cards.

Against this backdrop and with the Cuatro acquisition complete, the advertising strategy will focus on boosting prices and raising market share. As for audience, Telecinco’s aim is to remain the leader among commercial networks and keep the highest viewer rating for its entire set of channels. In both cases, the efcient integration of Cuatro’s business into the Group’s activities is a priority for 2011.

Other main objectives include maintaining a solid fnancial and equity position, and reinforcing the Internet business strategy.

RESTRICTIONS ON VOTING RIGHTS

There are no legal or bylaw stipulated restrictions on exercising voting rights. Each share carries one vote.

SHAREHOLDER AGREEMENTS

Shareholder agreements in force are those included in the “Signifcant Event” notice fled by the Company with the National Securities Exchange Commission (CNMV) on 8 February 2011, reproduced below:

Through this communication we inform of the clauses restricting the transfer of shares or relating to the exercise of the right to vote at the General Meetings that are included in the Integration Agreement and the Option Agreement entered into between Telecinco, TV Prisa, SAU (“Prisa TV”) and Promotora de Informaciones, SA (“Prisa”), as listed and described in Telecinco Prospectus approved and registered by the National Securities Market dated 18 November 2010 and January 25, 2011 (the “Prospectus”):

1. Integration Contract

Subject to Clause 3.4 of the Integration Agreement and as described in the Prospectus dated 18 November 2010, Prisa TV (formerly Sogecable) is entitled to appoint two members of the Board of Directors of Telecinco (at the same time as Mediaset will have 8) and will be entitled to appoint one director for as long as it holds a minimum of 5% of the Telecinco’s share capital. In addition, whilst Prisa TV holds 10% of Telecinco’s share capital, it will be entitled to appoint, among the directors it has appointed, a non-executive Vice-president, a member of the Executive Committee, a member of the Audit and Control Committee and a member of the Remuneration and Nomination Committee. Mediaset SpA has expressed its agreement with the contents of the indicated clause.

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Financial Statements, Management and Corporate Governance Report. 2010