| Board of Directors

BOARD OF DIRECCTORS

This is the organisational-chart of the Administration Board of the company:

NAME	POSITION	POSITION'S CHARACTER	DATE

D. José María Suescun Verdugo	Chairman	Executive	29/06/04
Dª. Ascensión Vivancos Matellanos	Deputy chairwoman	Executive	17/07/07
D. David Jiménez Moreno	Director	Executive	26/02/09
D. Antonio Sánchez Rodado	Director	Propietary	12/12/06
QMC Directorships, S.L.	Director	Propietary	19/05/07
D. José Greus Rodrigo	Director	Independent	26/02/09

(1) Mr. José María Suescun is Chairman, Director and Chief Executive of the Society. (2) QMC Directorships, S.L. has been appointed on behalf of QMC Development Capital Fund Plc. The member of the board for this entity is Mr. Jacobo Llanza Figueroa.

Board of Director's Regulations

"The Administration Board of the company, which met on the 10th of June 2005, decided, with effect from the Quotation Admission Date and, in accordance with what was anticipated in the Company Statutes related to the delegation of the faculties of the Board, the creation of an Audit Committee whose faculties will include all those that are conferred in the Bye-Laws and the Board Regulation, except for the not delegable by Law."

Audit Committee

The Audit Committee will be formed by three members, being chosen for a six year period: (i) Don José Greus Rodrigo (President); (ii) Don Antonio Sánchez Rodado; y (iii) Don David Jiménez Moreno (Secretary).

Nominating, Compensation and Corporate Governance Committee

The Nominating, Compensation and Corporate Governance Committee was created on the 18th November 2007.The Committee shall consist of a minimum of 3 members, being chosen for a six year period: (i) Don José Greus Rodrigo (Presidente); (ii) Don Antonio Sánchez Rodado (Secretario); y (iii) Don David Jiménez Moreno.

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Reglamento del Consejo de Administración