risk, the Parent has arranged interest rate swaps to limit the finance costs arising from its
floating-rate borrowings.
In accordance with Article 538 of the Spanish Limited Liability Companies Law, the Annual
Corporate Governance Report (IAGC) forms part of this Directors' Report. The IAGC
constitutes a relevant event and is communicated to the Spanish National Securities Market
Commission, which publishes it on its website:
. It is also available on the
Parent's corporatewebsite,
