This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La Seda de Barcelona aprueba una ampliación de capital de 300 millones de euros

The Silk of Barcelona approved a capital increase of EUR 300 million

22/12/2009

December 22, 2009

Shareholders of La Seda Barcelona approved on 17 December, in the course of the extraordinary general meeting, a capital increase amounting to EUR 300 million.

88,28% Of the share capital represented in the call voted in favour of the emission reduction and capital increase. The terms of the transaction provide for La Seda Barcelona reduces its share capital in the amount corresponding to that, once offset any loss and endowed with legal reserve and unavailable reserve, the nominal value is fixed at 0.10 euros for title. The legal reserve to be recorded shall be 6.268.734,01 EUR and 91.622.185,89 EUR unavailable reserve. This operation, is expected to compensate for the losses of previous years, and the accumulated until September 30, worth a total of EUR 466,5 million. The capital increase is open to all shareholders of the company on the basis of their preferential subscription rights.