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Corporate Responsibility 2010

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GESTEVISION TELECINCO, S.A. (hereinafter Telecinco) was incorpo­ rated in Madrid on 10 March 1989 and its registered ofce is located at Carretera de Fuencarral a Alcobendas, nº 4, 28049 Madrid.

Telecinco’s corporate objects consist of the indirect management of the Public Television Service in accordance with the terms and conditions of the concession awarded by central government. The Company carried out all the necessary investments and complied with applicable regulations for the digital switchover. It has also completed the necessary administrative formalities to transform its concession into a 15 year licence to provide audiovisual communication services, whichmay be automatically extended for the same period provided that the requirements of Article 29 of Law 7/2010, (General Audiovisual Communications Law) are met.

Following the cessation of all terrestrial analogue television transmission on 3 April 2010 (the “Analogue blackout”) Telecinco had access to a nationwide digital multiple which increased by one additional channel the total of four channels managed by the channel.

Telecinco is the parent of a group of companies that make up the Telecinco Group, and operate in the audiovisual sector in Spain and other countries. Telecinco is therefore required to prepare consolidated annual accounts, which also include investments in associates, in addition to its own individual annual accounts.

The main group companies are those in which the direct or indirect interest in the share capital is more than 50% and there is efective control. The table below sets out an overview of the Group’s principal activities.

The Telecinco Group consists of a group of companies engaged in business related to the audiovisual sector. Its main line of business is the use of advertising slots in the television channels which it operates.