ELT GROUP OFFICIAL STATEMENT

Monday, 12 November, 2018

Dear Sirs,

Taking into consideration the objectives of the operational renewal plan being followed by our company, ELT S.A.U., the Board of Directors of the ELT Group has appointed Mr. Ferrán Pahissa Puertas as CEO. He replaces Mr. Juan José González Méndez as the company’s top executive.

The Board would like to take this opportunity to offer them our thanks and appreciation as well as to reiterate our firm and renewed corporate aim to continue the company’s commitment to investment, working towards another forty years at your service.

With our sincerest appreciation, yours faithfully.

Ferrán Pahissa

CEO, ELT

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