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Shareholder value

Telecinco has a smooth relationship with investors in line with the requirements of the National Securities Exchange Commission (CNMV) for listed companies.

In this respect, it informs investors through three channels: through the quarterly submission of results to the CNMV, through its corporate website (http://www.telecinco.es/inversores/es/) and by email to each investor and analyst.

As a general rule, following this process there is a presentation of results which may be followed in real time through a conference call and webcast in order to aford stakeholders the opportunity to raise any questions that they consider appropriate. This informative event is recorded and stored and is

available on Televinco’s website until the following session.

In addition to the regular publication of quarterly and annual results, in 2010 Telecinco carried out a roadshow in Spain, the UK, France and Italy as a result of the capital increase with preferential subscription rights during which company Management held 44 meetings with 89 investment companies in eight towns and cities.

Similarly, the Group participated in 11 seminars held in Spain and the UK devoted to companies in the media sector where it had direct contact with 127 investment companies in 78 meetings. In addition, meetings were held with 62 companies and there were 40 conference calls . Moreover, there were 252 meetings or conference calls with the analysts of the brokers who cover the company (34 at 31 December 2010).

Lastly, noteworthy is the fact that Telecinco received around 400 requests for copies of its annual report in English and 150 in Spanish from analysts and investors.

General Stock Market Index Performance in 2010

117

112

107

102

97

92

87

82

77

72

CAC 40 PARIS DAX FTSE 100 IBEX 35 MIB 30 EURO STOXX 50 DOW JONES DJ MEDIA

Economic value

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