Company Profile For La Seda de Barcelona, S.A.

La Seda de Barcelona SA is a Spain-based company primarily engaged in the the production and marketing of plastics and textiles. The Company is structured in six business divisions: PET, PTA, Chemical, Packaging, Technological and PET Recycling. The PET division is active in the manufacturing of PET polymers. The unit operates under the brand name Artenius and has production plants mainly in Spain, Portugal, Italy, Greece, Turkey, Romania and the United Kingdom. PTA and Chemical divisions are engaged respectively in the production of polyesters as well as ethylene oxide and glycols, among others. Packaging division produces materials for packaging, mainly for food and beverages sectors. PET Recycling division is dedicated to the area of biofuels and Technological division operates in the area of the rights licenses and patents. La Seda de Barcelona SA is a parent company of Grupo Seda. The Company’s main subsidiaries are Slir SL, Petrolest SL and Artenius Prat PET SL, among others.

BRIEF: For the six months ended 30 June 2009, La Seda de Barcelona SA's total revenue decreased 43% to EUR528.6M. Net loss for the period totaled EUR96.4M, vs. a profit of EUR11.2M. Total revenue reflects a decrease in sales of the Company's products and services in all markets. Net loss for the period reflects lower financial income, higher loss on foreign exchange as well as a loss on financial instruments variation and sale.