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INDEX

Presentation

Highlights

International Presence

Activity AreasFacilities and Systems

- Electrical and mechanical installations- High voltage- Climate and industrial refrigeration- Safety and control systems- Audiovisual and telecommunications systems

Industrial Assembly- Industrial assembly- Engineering and gas

Operation and Maintenance- Multitechnical / multidisciplinary maintenance- Facility management- Renewables & Environment Operation and Maintenance

Promotion and Integrated Projects- Photovoltaic projects- EPC project- Manufacturing lines automation projects

Governing bodiesShareholding StructureBoard of Directors Organizational Management

Resources

FinancialAudit ReportBalanceIncome Statement

Offices and Delegations

Report 2012

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Abantia has continued to grow in 2012, reaching a

consolidated turnover of 283 million euros, representing

a 6.8% growth compared to 2011 after deducting

the activities in Poland that have been discontinued.

Disregarding this effect, the growth was 1.3%.

As for the profit before taxes this has been of 5.9 million

euros, representing a decrease of 23% compared to 2011.

These results have been possible thanks to the growth in the

number of international business that has been of a 20% to

exceed 72 million euros, which represents 26% of the total.

In 2012 we ceased activity in Poland and Abu Dhabi, as

we have implemented in Peru, where we gained contracts

in the Oil & Gas sector and mining in Chile, where we are

positioning solar plants, as well as in Colombia. We have

also contracted a hospital in Haiti managed by UNOPS and

funded through Canadian funds.

We continue to operate in Central America where we

automate factories for the private sector and we are

building two hospitals financed by the IDB. In Mexico our

subsidiary DCSM, with over 25 years of history, continues

to grow and has hired more than 28 million euros in the

year. We also remain in France through our subsidiary

T-Cuento and in Qatar through Abantia Tempo.

As for human resources workforce there were 2,022 people

at the end of 2012, 12.5% less than in 2011. We have also

implemented later this year an overheads saving plan to

allow us to reduce this issue by 15% in 2013. All of this in

order to try to regain lost profitability.

Also, to highlight the implementation of the CSP plant,

hybridized with biomass “Termosolar Borges” in the

province of Lleida. This plant of 25 MW is highly innovative

as it is the first of its kind in the world. Unfortunately, the

legislation governing the income of such plants has been

changed retroactively, compromising the internal rate of

return on this investment in which Abantia has a 47.5%

stake.

In summary, 2012 was a year of ups and downs largely

influenced by the difficult environment in which we

operate. Ups in international growth and reducing costs,

and downs in profitability by decreasing conditioned

by increased competition in Spain, the learning process

in other countries involves greater risk and retroactive

government action against renewables.

PRESENTATION

Francisco Boada

Report 2012

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Abantia is an international applied engineering group, which since 1944, provides global solutions through diversification of their different business areas: facilities, energy, mechanical assembly, maintenance and construction of turnkey projects.

The group, which closed 2012 with a net turnover of 282 million euros, is committed to international expansion, from which it derives 26% of its total turnover.

17% of the 2,022 workers who make up the staff of Abantia are found in different countries where the group is present: Mexico, Guatemala, El Salvador, Peru, Chile, Haiti, Colombia, Qatar, United Kingdom, Italy and France.

Data Processing Center MV-3 in Doha, Qatar.

HIGHLIGHTS

Abantia provides global solutions with an international vocation

Report 2012

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HIGHLIGHTS

Consolidated Sales Ebitda EBT

2008

2009

2010

2011

2012

294.375

253.423

246.290

264.861

282.867

14.051

12.047

10.380

14.446

13.719

7.662

6.449

4.306

8.697

5.920

Added Sales Distribution

Energy, Oil & Gas

Tertiary Industry

Healthcare

Infrastructure

3%36%

29% 18%

12%

International

26%

Specialties Geographic area

Spain

74%

Data in thousand euros

Report 2012

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INTERNATIONAL PRESENCE

Continuing operations centersHEAD OFFICES Delegations

1.967 2.309

Colombia

Guatemala

El Salvador

Peru

Chile

Mexico DF

Veracruz

MEXICO Contracts for Pemex

petroleum, for the Federal Electricity Commission

of Mexico and others

CHILE Promoting solar

power plant of 58.5 MW and other minor ones

HAITI

Construction of a hospital funded

by UNOPS

PERU Contracts for

building projects in the oil & gas

industry and mining

GUATEMALA

Construction of a hospital funded

by multilateral and automation industries

EL SALVADOR

Construction of a hospital funded

by multilateral organizations

COLOMBIA

Contracts in the food sector

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MADRID

BARCELONATarragona

Palma deMallorca

Castellón

Valencia

AlicanteCartagena

Algeciras

MálagaHuelva

Sevilla

Granada

Mérida

Valladolid

VitoriaBilbaoSantiago de

Compostela

Oviedo

ZaragozaLleidaVigo

Puertollano

Santa Cruzde Tenerife

Las Palmasde Gran Canaria

UNITED KINGDOM

Contract with ThyssenKrupp to solve

electrical work for the new model

BMW Mini

ITALIA Photovoltaic solar plants

GUATEMALA Design, development and supply of software and Control System Tables plant production of electrical energy, ESI property.

MEXICO Control System Development and assistance to the commissioning of the steam boilers in the process of obtaining electricity from sugar and Panuco Ingenio.

Development of detailed engineering, equipment supply and construction of several separation batteries for oil & gas production in different areas of ATG Active in northern Veracruz state.

Design, supply and construction of various elements to modernize the Angostura field oil production and the optimization of the separation plant Matapionche crude.

Engineering support in the Laguna Verde nuclear power plant for a period of three years.

NICARAGUA Control system development including tables and software for the juice processing sugar extraction process in the Monte Rosa Ingenio. QATARElectromechanical facilities on a data processing center for Qatar Foundation through the venture junction Abantia-Harinsa.

Electromechanical Installations in two private palaces for Khayyat Contracting and Trading.

Design and construction of electromechanical installations in an office building and annex buildings in the New Port of Doha, for Qatar Specialized Engineering and Contracting.

OTHER INTERNATIONAL PROJECTS IN PROGRESS

QATAR Construction of

two data processing centers

ALGERIA Agreement

with local partner

OMAN Audiovisual System

theater readings in the engineering

building at the University Campus

of Sohar

FRANCE

Projects like Brico Dépôt, 4 murs, KRYS, etc., Through T-Cuento delegation in Paris

INTERNATIONAL PRESENCE

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ACTIVITY AREAS

FACILITIES AND SYSTEMS

Electrical and mechanical installations

In the chemical and pharmaceutical industry, Abantia has been awarded the second and third phases of the remodeling and expansion of the plant that the pharmaceutical company Ferrer International has in Sant Cugat (Barcelona).

Electrical and special installations in the new service center in Pinto (Madrid) of the leader in the steel industry Acerinox.

Renovation of Gràcia station of the Generalitat de Catalunya railways for the public entity Infrastructures de la Generalitat de Catalunya S.A.U., awarded to Estacio de Gràcia joint venture. The project consists of the implementation of the civil works and electrical and special installations.

In the hospital sector, Abantia has been awarded, in consortium with Construcciones Cots y Claret, the building of the Gonaïves La Providence Hospital in Haiti. The project is funded by the Canadian International Development Agency through UNOPS (United Nations Office for Project Services) and includes all construction work and external management of the hospital complex, which will have 200 beds and a total surface area of 10,380 m2.

Building and equipment of the National Maternity Hospital in San Salvador. The center, funded by the Central American Bank for Economic Integration (CABEI) is designed as a gyno-obstetrical complex in which will be distributed 38 outpatient doctor’s offices, 8 emergency rooms, 10 operating rooms, 391 inpatient beds and 15 cots for newborns, in a total of 3.500 m2.

In Guatemala, Abantia builds, in partnership with local construction COCISA, a hospital in the town of Villanueva, depending on the Ministry of Health of this country with funding from IDB (Inter-American Development Bank). The group is also responsible for the facilities of this hospital with 120 beds, emergency services, surgical unit, radiology, physiotherapy, maternity services, obstetrics, ICU pediatrics and adult ICU, day hospital, laboratories, outpatient, etc.

In Spain, Abantia has begun the second phase of the installation work in the teaching building of the Hospital del Mar in Barcelona. Made by the joint venture Abantia-VOPI4 for Consorci Parc de Salut Mar.

The Private Foundation Althaia, Xarxa Assistencial Universitaria de Manresa, awarded the Nova Bages Sanitària joint venture, in which Abantia takes part, the execution of Phase II works of the Hospital Sant Joan de Déu de Manresa expansion. The project is designed for a total of 422 beds. This new hospital will have 14 operating theaters, 3 maternity wards, 40 emergency boxes and a total of 18,000 m2.

For the hotel industry, electrical, mechanical and special tasks have been performed for Hotel Royal located in Paseo de Gracia, Barcelona.

Also, we have carried out the electromechanical installations in a single family residence of approximately 5,000 m2 of floor area. The project was contracted by Khayyat Contracting and Trading in Doha, Qatar.

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FACILITIES AND SYSTEMS

Abantia has a department specialized in high voltage installations and electrical substations.

With regard to electrical substations, turnkey projects are being done as Lersa new substation (Ripoll Power Lines) of 132 kV with an installed capacity of 2x30 MVA and Distribution Center at 20 kV of it. The project is nearing completion.

Building for Casa Tarradellas of a 110/25 Kv substation to supply its factories in Gurb. This project includes

High voltage

a 110kv shielded park, fed from Osona substation by two 110kv cables with two outputs to AT of 110/25kv transformer, and of 25kV shielded park.

Processing facilities and distribution centers for the mining company Iberpotash, such as the replacement of high-voltage cells in Cabanases well.

Gràcia station of Generalitat de Catalunya railways in Barcelona.

Building of La Providence Gonaïves Hospital in Haiti, funded by UNOPS.

Hotel Royal, Paseo de Gracia, Barcelona.

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FACILITIES AND SYSTEMS

Climate and industrial refrigeration

24 hour maintenance for Miquel Alimentació.

Carrefour, for its center in Sants in Barcelona, has relied on Abantia its first installation in Spain that uses Co2 Gas for freezing. The results represent a 15% reduction in energy costs regarding conventional systems, as well as the use of an organic gas with no impact on global warming = O GWP (Global Warming Impact).

The reform and improvement of air-conditioning in the five star Spa Hotel Majestic is, in the hotel sector, a project for which we also supplied a heat recovery system water cooled (VRV).

In the industrial sector, for CABYCAL, specialized in production processes of surfaces treatment and painting, Abantia has installed contribution groups and air treatment for the new Ferroplast paint line in Vigo.

In the field of commercial distribution facilities, implementing six Bon Preu stores, in addition to the provision of 24 hour maintenance service for 40 percent of its existing fleet of stores.

For Condis brand, Abantia has done the first installation in Spain of its new store concept, Condis Life, specialized in fresh products sale.

Renovation of air conditioning facilities in Spa Hotel Majestic.

Installation of the first CO2 gasfreezing system for Carrefour in Spain.

Building and equipment of Villanueva Hospital in Guatemala.

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FACILITIES AND SYSTEMS

Implementation of detection systems and fire extinguishing of Manresa Hospital, a project developed by Nova Bages Sanitària joint venture, in which Abantia participates.

Provision of an automatic extinguishing fire system in SORPA FINANCE SL warehouse storage.

In the gas and energy sector, for Costa Sur power (Guatemala), Abantia has implemented a system of control and security. For Enagás Barcelona plant,

Safety and control systems

regasification fire systems, control and power have been expanded.

Centralized control of Palau Sant Jordi facilities, the Olympic facility most used in Barcelona that welcomes all kinds of sporting events, concerts and shows with an average capacity of about 18,000 spectators.

Running of control, electrical and mechanical facilities of Carmel-La Clota rainwater tank for Barcelona City Hall. A project in joint venture with ACSA.

Manresa Hospital.

Installing the Communications System in the outpatient building at Sant Joan de Déu Hospital, in Esplugues de Llobregat, Spain.

Supply and installation of an audiovisual system for Lecture Theatre Hall located in engineering building of Sohar University in Oman.

In the area of communications, in partnership with Harinsa Contracting and for Qatar Foundation as final client, the group has performed the electromechanical installations of two Data Processing Centers, MV-2 and MV-3. The work has included the installation of water cooling system, water supply and drainage above and below ground, ventilation systems, supply of ventilation work and smoke evacuation for DRUPS system (Diesel rotary uninterruptible power supply), PDUs (Power Distribution Units) and Battery panels supply.

Audiovisual and telecommunications systems

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ACTIVITY AREAS

INDUSTRIAL ASSEMBLY

Industrial Assembly

Implementation in 2012 in countries like Peru, Colombia and Chile, as well as in North Africa, through both subsidiaries in Algeria and Morocco.

Creating two specialized divisions in General Shutdowns and in Manufacture and Repair of Tanks. The latter is an activity that is being developed in historical way, it is faced with a specialization and dotation of reinforced sources.

Completion of two projects in the oil sector for Pemex. The first contract involves the development of detailed engineering, equipment supply and construction of several units of oil and gas in different areas of the Gulf tertiary oil asset, north of the state of Veracruz in Mexico. The second award is for a contract to design, supply and construct various elements to modernize the Angostura field oil production and the optimization of the crude separation plant in Matapionche, both works located within Activo Integral Veracruz.

Perform of a general shutdown of BP Oil’s refinery in Castellon and participation in the project for the construction of new loading dock.

Perform of the general shutdown of the Almeria thermal power plant for Endesa Generación.

For Asfaltos Españoles it has been performed the replacement of one of the oil transfer lines of the pontoon.

Completion of the work corresponding to Jasmine project for Dragados Offshore in the North Sea, UK, where there has been mounting and prefabrication of Heavy Wall Duplex pipes.

For Cepsa, the company has performed several installations in their Algeciras and Palos sites, such as the fuel change adaptation work of one of their furnaces.

Installation of fire protection in the Vopak storage park in Algeciras for Chemtrol.

Within the Energy sector the main work was carried out within the thermosolar background, as the installation of the solar field of Villena thermosolar pant for Sener, assembly of the Solar Field of Arenales solar thermal power plant for Siemens, and BOP mechanical assembly of the power island for OHL Industrial in the same plant.

Creating an intervention group specialized in repairing operations at HFT facilities, such as the change of the absorber tubes.

The construction work of Borges thermosolar plant has been completed with the participation in the Promotion and EPC, addressing the assembly work.

In the waste treatment plants field, repairing performance both in scheduled stops and emergency interventions in pressure parts and the rest of installations. Sirusa, Tersa or UTE Tem are some reference customers.

Making of a new refrigerant -heat exchanger- in Almeria Thermal Power Plant for Endesa Generación. Participation in the work of dismantling former Besós Power Plant.

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INDUSTRIAL ASSEMBLY

Support work to dismantle Aceca thermal power plant, operated by Iberdrola. Abantia offers dismantling and decommissioning services when the plant life comes to an end.

In the field of metallurgical enterprises we are still serving in Algeciras Acerinox facilities and Atlantic Copper’s in Huelva, where Abantia has done the supplying of various equipment and facilities. Work support is being performed for Celsa at their plant shutdowns.

For the chemical industry, installation of the new Maleico tanks for Ashland Chemical in Benicarló, continued work in BASF and works related to Solvay shutdown at its plant in Martorell.

This year we have begun the construction of tanks bases for the expanding of La Pampilla Refinery (Peru) for Repsol. We also have participate in the installation of a new painting train for Geico, at the Renault plant in Tangier (Morocco) and we have performed the Inerco installation assembly for controlling the thermal combustion in Termozipa Termal Power plant (Colombia).

Facilities for Jasmine project for Dragados Offshore.

Production and optimization of oil separation plant for Pemex in Matapionche (Mexico).

Details of the fuel change adaptation for Cepsa oven.

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INDUSTRIAL ASSEMBLY

LNG plant in the African Solar Thermal Almodovar del Rio, Cordoba.

Gas has been completed, in its activities for the improvement in the control of CO2 emissions.

For Endesa Energy we have done several projects for the expansion of its customer network:New storage facility of 600 m3 of Liquefied Natural Gas (LNG) for Alcoa in San Ciprian, IRGN and burners assembling for Ence cogeneration in Huelva or the ERM. Distribution lines for Cosentino plant expansion in Almeria and the GNL plant of Ortiz Energia in La Africana thermo solar plant in Cordoba.

For Construccciones y Obras Llorente, Abantia has made the ERM’s and the positions of Alagon-Sobradiel pipeline. For Gas y Electricidad Generación, adaptation to gas of Ibiza thermal power plant of engines 19 and 20.

Work has been continued on the development of Skid Units, settings that help appraise costs for projects and deadlines. An example of this line is the provision of an exchanger for Futila Combined Cycle (Angola) made for Isolux, or the Engineering and Construction of Gas Heaters for Salamanca cogeneration (Mexico), made for Iberdrola Engineering and Construction.

In Mexico, Abantia has the support contract in engineering services for the Laguna Verde Nuclear Power Plant, property of CFE.

For Calidda there have been a number of projects in Peru, like the ERM conducted for the ERP in Priale.

For Repsol the project to implement the overall fuel switching in Puertollano refinery of Natural

Engineering and gas

Mounting detail of the plant Termosolar de Borges.

Detail of gas for Pemex in Mexico.

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ACTIVITY AREAS

OPERATION AND MAINTENANCE

Multitechnical / multidisciplinary maintenance

Packaging lines in the logistics platform of Barcelona Port for Damm.

means of the engine workshop, warehouse managing and auxiliary tasks services in the aircraft check at the airport of Barajas (Madrid).

In the paper industry, we have performed electrical maintenance of SAICA power plants in Zaragoza, as well as electrical and instrumentation maintenance of ENCE factory in Huelva.

For Atlantic Copper we perform maintenance of its acid plant in Huelva factory and for Financiera y Minera and Minas de Aguas Teñidas, we have carried out maintenance work on the plants of Malaga and Huelva, respectively.

For automotive industry we are performing maintenance for Volvo Trucks in its truck factory in Madrid, for Renault gearboxes production plant in Seville and General Motors factory in Mataró. Finally, note the maintenance services provided for Peugeot-Citroën at its plants in Madrid.

Comprehensive maintenance in the food industry for Europastry factories in Azuqueca de Henares (Guadalajara), Vallmoll (Tarragona) and Rubi (Barcelona).

In the petrochemical industry, where we have extensive experience, Abantia is performing maintenance of BP Oil Refinery in Castellon, Dynamic equipment maintenance in Repsol Cartagena refinery, comprehensive maintenance of Repsol Technological Centre in Móstoles and maintenance of Cepsa fire defense network in Gibraltar refinery. We have also carried out comprehensive maintenance and warehouse management for Ferro Spain, as well asin the bagging plant at Dow Chemical in Tarragona.

In the aviation industry, the airline Iberia has awarded Ticsa Abantia the conversion into tankers of AIRBUS A330 MRTT aircrafts. The task of preparing the new hydraulic, pneumatic and fuel that is required for this type of aircraft will be also done. For this company, Abantia performs a comprehensive maintenance of the production

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OPERATION AND MAINTENANCE

Facility management LAN MONITOR® center of Abantia.

parameters, alarms, incidents and 24 hour warnings, 365 days a year. This is a service that is managed from Abantia Call Center, which centralizes all the monitoring, control and management of the various services.

Abantia is a pioneer in SAP applications with SAP MOBILITY creation for their mobile equipment management and optimization. This system, using PDA’s, is used to manage and organize work orders related to maintenance services. This application is nominated by SAP, for the CIO 100 Awards.

In the factory which Velcro Europe has in Argentona, Abantia manages Hard and Soft services with a Facility Manager and executes the maintenance services and the production of the general facilities, office and facilities cleaning, security, gardening and the treatment plant operating.

Corporative building management for tertiary sector . Office complexes as Damm headquarters, Nutrexpa, Seguros Caser, Sharp, Cornella WTC, health centers, education centers, leisure parks like Port Aventura and sports centers like Palau Sant Jordi or the Olympic Stadium in Barcelona.

In the financial sector, Abantia has more than a decade of experience working with Banc de Sabadell and performing the management and maintenance of its new building in Sant Cugat.

Operation and maintenance services for companies like Fives Cinetic, Vanderlande or Solystic, which have facilities throughout Spain.

Management and maintenance of logistics warehouses (Alfil) and their new packaging lines in Barcelona ZAL for Damm beer company.

Abantia, from its Monitoring Center Facilities (LAN MONITOR®) in Sant Boi de Llobregat, controlls

Maintenance of Data Processing Centers, including different multitechnical specialties as air conditioning, electrical, networks and communications for institutions such as Instituto Municipal de Informática de Barcelona (IMI), CESCA and Aena in El Prat airport in Barcelona.

Service operation and maintenance of automated production systems through Abantia-Siemens joint venture for the Sociedad Estatal de Correos in more than 19 mail processing centers, including classification, storage, distribution and production lines.

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OPERATION AND MAINTENANCE

Renewables & Environment Operation and Maintenance

Tradillo Purifying company in Constanti (Tarragona).

Enagás facilities in the port of Barcelona, where Abantia improved fire systems.

Operation and maintenance in Sava slurry treatment plant (Miralcamp, Lleida).

Internationally, Abantia manages the operation and maintenance of photovoltaic plants in Italy (Constantini, Oviglio).

In Spain, the operation and maintenance of many projects in the renewable energy sector are performed, such as Borges Thermo solar plant, Guzman thermo solar plant in Palma del Río (Córdoba), Siemens-Sacyr Soleval thermo solar plant (Lebrija) and on solar farms like in Espejo (Córdoba) or Campillos (Málaga). HTF systems maintenance has also been performed in Olivenza for Acciona Energía.

Comprehensive contracts in the combined cycles of Nueva Generadora del Sur (Algeciras), Gas Natural Fenosa (Barcelona port), Iberdrola in Aceca, Castejón and Castellón. Maintenance works of Puertollano

Power Plant for EON and for Sirusa as well as the maintenance of its incinerator in Martorell.

In slurry treatment plants with associated cogeneration live in SAVA (Miralcamp, Lleida), industrial wastewater treatment companies like Tradilo (Tarragona), Amgat Citrus (Murcia), El Pozo (Cartagena), Aceites del Mediterráneo (Cartagena) and Enagás, where we perform monitoring, control, reuse and technical assistance. In Butarque and Boremer sludge drying plants operation and maintenance work is carried out.

For Enagás, we are conducting the surveillance of the gas pipeline network, and civil emergencies.

For the public sector, Abantia participates in the operation and maintenance of classification systems and waste treatment in Ecoparc (Barcelona).

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ACTIVITY AREAS

PROMOTION AND INTEGRATED PROJECTS

Photovoltaic projects

Abantia group is developing three contiguous photovoltaic projects in Chile of 21 MW, 7.5 MW and 30 MW in the province of Huasco, in the Atacama region, with a total investment for implementation of about 120 million dollars.

The group also analyzes in this country the viability of other solar projects, both photovoltaic and thermo solar.

In Central America we analyze the viability of solar projects and improving energy efficiency in power generation.

EPC project

In Spain Abantia group has completed the construction and commissioning of Guzman thermo solar plant, thermo solar power plant of 50 MW located in Palma del Río (Córdoba), officially opened in October.

At the end of the year we completed the testing phase of synchronization of power generation

turbine and Borges thermo solar plant, located in Les Borges Blanques, Lleida has been connected to the mains. With 22.5 MW and with the uniqueness to be the first thermo solar plant in the world hybridized with biomass. The great interest shown in this technological development has allowed this plant to be presented in various forums internationally recognized in Spain, India, USA and Kuwait.

Details of the 3,000 solar panels of theTermosolar Borges plant in Lleida.

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PROMOTION AND INTEGRATED PROJECTS

The group’s international expansion in EPC projects follows the course started some years ago, being the priority geographic areas, Mexico, Central America, South America (Chile, Peru and Brazil) and the Caribbean, where thanks to the knowledge and experience of Abantia in different technologies, we have developed projects in the energy sector. Still, we must not forget the projects that are being developed in other continents like Africa (South Africa), Asia (India, Sri Lanka, Kuwait) or Australia.

In this sense, the experience gained over the projects in which Abantia participated, as prime contractor or consortium member with international technology experts, can offer the technical and economical solution best suited to each project and client.

Automation of industrial processes in sectors such as food or automotive industry. A clear example of this activity is the project that is being developed for Thyssen Krupp System Engineering, consisting of a solution to the electrical work of the new model of BMW Mini, associated to TKSE responsibility as integral constructor of Radhaus, Stirnwand and Vorbau lines (pitch wheel, dashboard and front flat). The design and construction work carried out

Manufacturing lines automation projects

in the industrial center of Abantia in Sant Boi de Llobregat. Subsequently, field installation, technical work adjustment, optimization, implementation and support, are developed in Oxford plant, UK, with staff moved to the destination.

Installing biomass of the Termosolar Borges.

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Shareholding Structure

Board of Directors

MONITORING COMMITTEEChairman: Francisco BoadaNon-executive directors: Joan Gummà Maragall,Claudio Boada and Antonio González-Adalid

AUDIT COMMITTEEChairman: Joaquim CoelloNon-executive directors: Joan Sanfeliu and Claudio Boada

APPOINTMENTS AND REMUNERATIONChairman: Aurora CatáNon-executive directors: Eulalia Boada and Miguel Tey

Claudio Boada (Clabesa, S.L.) ChairmanFrancisco Boada (Abantia Empresarial, S.L.) Non-executive directorCristian Gaju Non-executive directorAntonio García Mateo Non-executive directorEmilio Novela (NR Lynch, S.L.) Non-executive directorJosé Luis Sáenz de Miera Non-executive directorIgnacio Albiñana Non-member Secretary

ABANTIA TICSA (Advisory council)

Joan Gummà Bargés Honorary ChairmanFrancisco Boada Chairman ProprietaryJoan Gummà Maragall Vice President ProprietaryClaudio Boada (Clabesa, S.L.) Non-executive director ProprietaryEulalia Boada Non-executive director ProprietaryAurora Catá Non-executive director IndependentJoaquim Coello Non-executive director IndependentAntonio González-Adalid Non-executive director IndependentJoan Sanfeliu Non-executive director ProprietaryMiguel Tey (Sigma Partners, S.L.) Non-executive director Proprietary

Ignacio Albiñana Non-member Secretary

ABANTIA

Josep Peidro ChairmanÁlvaro Angulo Non-executive directorCristian Gaju Non-executive directorAlfred Nieto Non-member Secretary

ABANTIA T-CUENTO

Claudio Boada (Abantia Ticsa, S.A.U.) ChairmanAgustín Ferrer Non-executive directorCristian Gaju Non-executive directorJesús García Non-executive directorEnric Vallbona Non-executive directorRicard Puig Non-member Secretary

ABANTIA DENION

47,86%Sigma Partners, S.L.

47,86%

2,19% 2,09%

Napecla de Inversiones, S.L.

Cofema Investments, S.L. Francesc Navarro

GOVERNING BODIES

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Organizational Management

GOVERNING BODIES

CHEF EXECUTIVE (CEO)Francisco Boada

VICE-PRESIDENTJoan Gummà

MANAGING DIRECTORCristian Gaju

LEGALRicard Puig

MANAGEMENT CONTROL

Tania Muñoz

RENEWABLE PROMOTIONS

Luis Boada

TICSAJesús García

QATAR-PERSIAN GULFEduardo de

la Sotilla

HUMANRESOURCESLuis Cornide

FACILITIESJosep Peidro

MAINTENANCEJosep Oliva

CSCFrancesc Augé

PURCHASESAlbert Pastor

EPCXavier Ochoa

FACILITIESJordi Montes

SYSTEMS & TELECOM

Eduard Xuclà

SALESÀngel Miquel

Valls

INTERNATIONALDEVELOPMENT

Pablo Ruiz

SECURITYCarlos Sorribas

PERÚCristóbal

Ruiz

Spain Corporate Headquarters International Headquarters

DENIONEnric Vallbona

T-CUENTOÁlvaro Angulo

CHILECarmenLauder

COLOMBIAFrancescPalazón

CENTRAL AMERICA

Josep Golet

DF

Carlos PérezVeracruz

R. Delgado

MEXICO ARGELIAMarc

Bertrán

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RESOURCES

Abantia group’s headquarters in Barcelona.

Humans resources

Spain

291Managers

and graduates

1.396Technical,

specialists and administrative+ = 1.687

Other countries

168Managers

and graduates

167Technical,

specialists and administrative+ = 335

Total group

459Managers

and graduates

1.563Technical,

specialists and administrative+ = 2.022

(data to December 31, 2012)

Equipment

Offices7.074,32 m2

Storages and workshops

26.785,31 m2

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Audit report

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BALANCEABANTIA EMPRESARIAL, S.L. AND SUBSIDIARIESConsolidated balance sheet al December 31st (expressed in thousands of euros)

ASSETS 2012 2011

NON-CURRENT ASSETS 54.164 47.767Intangible assets 825 1.393Tangible assets 5.881 4.719 Land and buildings 389 1.074 Plant and other tangible fixed assets 3.623 3.537 Construction in progress and advances 1.869 108Investment in group and associated long-term 34.976 30.571 Credit equity method 11.407 6.958 Loans to group and associated companies 23.569 23.613Long-term financial investments 1.750 1.805Deferred tax assets 1.709 1.179Goodwill of consolidated companies 9.023 8.100

CURRENT ASSETS 129.576 186.672Non-current assets held for sale 7.533 2.262Stocks 1.611 6.340Trade and other receivables 101.159 113.137 Clients for sales and services 87.736 102.332 Group clients and associated companies 7.648 6.676 Other debtors 1.791 2.129 Other government loans 3.984 2.000Investment in group companies and associated short-term 5.445 34.358 Loans to group and associated companies 4.040 33.676 Other financial assets 1.405 682Short-term financial investments 827 9.389Short-term periodization 3.409 2.516Cash and cash equivalents 9.592 18.670

TOTAL ASSETS 183.740 234.439

LIABILITIES 2012 2011 EQUITY 33.618 36.268OWN FOUNDS 36.528 37.120Capital 13.045 13.045Reserves and profit from previous years 16.962 18.644Reserves on consolidated companies 5.518 939Reserves at equity method 444 724Profit for the year attributable to the partnership company 559 3.768VALUE CHANGE ADJUSTMENTS (2.986) (1.523)GRANTS, DONATIONS AND BEQUESTS RECEIVED - 36EXTERNAL PARTNERS 76 635

NON-CURRENT LIABILITIES 21.215 25.790Long-term provisions 7.054 3.104Long-term liabilities 14.052 23.135 Amounts owned to credit institutions 10.840 19.909 Finance lease creditors - 0 Derivatives 40 53 Other financial liabilities 3.172 3.173 Payable to group and associated companies - 0Deferred tax liabilities 109 (449)

CURRENT LIABILITIES 128.907 172.381Short-term provisions 571 7.412Short-term debt 49.254 50.541 Amounts owned to credit institutions 45.181 50.480 Finance lease creditors - 0 Other financial liabilities 4.073 61Trade and other payables 78.722 114.143 Suppliers 56.938 83.394 Group suppliers and partnership companies 442 313 Various trade creditors 5.356 4.008 Staff 2.905 4.842 Liabilities to public administrations 5.924 10.207 Customer advances 7.157 11.379Short-term periodization 360 285 TOTAL LIABILITIES 183.740 234.439

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CONTINUING OPERATIONS 2012 2011

Net turnover 282.867 264.861 Sales 282.867 264.861Works performed by the company for its assets 3 (7)Supplies (152.031) (137.873) Goods consumption (72.624) (57.427) Works performed by other companies (79.407) (80.446)Other operating income 391 284Staff costs (92.621) (90.429) Wages and salaries (73.585) (72.986) Social charges (19.036) (17.443) Supplies - -Other operating expenses (24.886) (22.996) Outside services (20.927) (19.006) Taxes (577) (258) Loss, deterioration and variation allowances for trade (3.382) (3.718) Other operating expenses - (14)Immobilized charge-off (1.458) (1.481)Allocation of grants and other non-financial assets - -Impairment losses and disposal of fixed assets (2.174) (307)Overprovision 95 654 Other results (165) (48)

OPERATING INCOME 10.021 12.658Financial income 3.432 1.043 Group companies and associated companies - 5 Securities and other financial instruments 3.432 1.038 Group companies and associated companies 2.831 521 Third 601 527Financial expenses (7.576) (4.808) Debts from group companies and associates 232 485 Debts to third (7.808) (5.293) On updating provisions - -Exchange differences (266) 232Deterioration and result by disposal of financial instruments (7) (146) Damages and losses (6) (71) Results by disposal and other (1) (75)Share of profit (loss) of the equity method investments 316 (282)

FINANCIAL RESULT (4.101) (3.961) PROFIT BEFORE TAXES 5.920 8.697Income tax (1.213) (2.416)

NET INCOME FROM CONTINUING OPERATIONS 4.707 6.281

NET INCOME FROM DISCONTINUED OPERATIONS (4.351) (2.377)

PROFIT 356 3.904 Profit attributable to the main company 559 3.768Profit attributed to external partners (203) 136

INCOME STATEMENTABANTIA EMPRESARIAL, S.L. AND SUBSIDIARIES

Consolidated profit and loss account for the year ended December 31st (Expressed in thousands of euros)

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BARCELONA - SANT BOI DE LLOBREGATCENTRAL GROUP – ABANTIA EMPRESARIALINDUSTRIAL CENTERAstúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona • tel. +34 935 521 400Facilities • Security • Maintenance • Sun energy • Ticsa • Shared Services Centers (CSC)

MADRIDABANTIA TICSAABANTIA SUN ENERGYCastelló 23, 28001 Madrid • tel. +34 917 819 170Facilities • Security • Systems & Telecom • Maintenance • Sun Energy

DELEGATIONSAlgeciras • Castellón • Cartagena • Huelva • Puertollano • Sevilla • Tarragona • Vigo

CONTINUING OPERATIONS CENTERSAlicante • Bilbao • Granada • Mérida • Málaga • Las Palmas de Gran Canaria • Lleida • Oviedo • Palma de Mallorca • Santiago de Compostela • Tenerife • Valencia • Valladolid • Vitoria • Zaragoza

DENION Astúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona • tel. + 34 934 741 144

ABANTIA T-CUENTOAstúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona • tel. +34 935 521 400

MEXICOD.C.S.Eucaliptos lote 5, Ciudad Bruno Pagliai. Polígono Framboyanes 91697 Veracruz • tel. +52 229 20 10 700 ABANTIA TICSAHomero 136, Int. 102, Col. Chapultepec Morales • Del. Miguel Hidalgo • tel. +52(55) 5250 1375

MIDDLE AMERICADiagonal 6 12-42 zona 10 oficina 301 Torre II 3er nivel, Edificio Design Center • Guatemala

COLOMBIACalle 95 # 13-55 Oficina 310, Edificio Pavillon • Bogotá • tel. + 571 467 42 43

PERÚAv. Ricardo Elías Aparicio, 141, piso 4, oficina 2. La Molina • Lima • tel. +51 1 479 05 79

CHILEEdificio Torre del Parque Arauco II Cerro Colorado 5240, piso 10 • Las Condes-Santiago • tel. +56 (2) 2 655 5135

QATARABANTIA TEMPOP.O. Box: 9165 Doha • tel. + 974 4451 55 59

OFFICES AND DELEGATIONS

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