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Changes in the consolidation scope in the year ended 31 December 2010

Company Reasons for change

Sociedad General de Televisión Cuatro, SAU (Sogecuatro)

100% of the shares were acquired in Sociedad General de Televisión Cuatro, S.A.U. through a non-cash contribution (17, 34% of Telecinco Paid-in Capital). This company also owns the following companies:

Compañía Independiente de Noticias de Televisión, SLU

Sogecable Media, S.L.U.

Sogecable Editorial, S.L.U.

DTS, Distribuidora de Televisión Digital SAU

A 22% interest was acquired in DTS, Distribuidora de Televisión Digital, SAU, which includes the pay television business of the Sogecable Group, for €487,988 thousand.

Producciones Mandarina SL

During the frst quarter of 2010 there was a temporary increase in the interest held in Producciones Mandarina, S.L. in order to include a new shareholder. In that same period Telecinco recovered its original 30% interest in that company.

Advanced Media SAU

Dissolution and liquidation of Advanced Media, S.A.U. wholly owned by Publiespaña, S.A.U.

Publieci Televisión SA

Sale of the 50% interest of Publiespaña S.A.U. in the company with a sales value of €185 thousand, equivalent to the company’s equity at the transaction date.

Telecinco Group

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