Company Profile For Martinsa-Fadesa S.A.

Martinsa-Fadesa SA (Martinsa-Fadesa) is a Spain-based real estate developer. The Company specializes in the development of residential and commercial property projects, including hotels, shopping centers and golf courses, as well as industrial projects, among others. The Company is present in 21 provinces in Spain. It is also active on the international market, with operations in Portugal, France, Morocco, Mexico, the Dominican Republic, Romania, Hungary, Poland and Slovakia, among others. It has also sales offices in the United Kingdom, Germany and Ireland.

BRIEF: For the six months ended 30 June 2009, Martinsa - Fadesa SA's total revenue increased 77% to EUR336.9M. Net loss for the period decreased 75% to EUR52.7M. Total revenue reflects a significant increase in sales and services rendered by the Company, especially in Hotel Industry business segment. Lower net loss reflects decreased financial expenses as well as an increase in financial income and real estate investment income.