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74

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:

www.cnmv.es

. It is also available on the

Parent's corporate website,

www.atresmediacorporacion.com.