September, 2008
RENTA CORPORACION SELLS 11.6% OF MIXTA AFRICA

. The sale will bring the company 25 million euros.

. An agreement has been reached with the international private equity group Kingdom Zephyr Africa Management.

Renta Corporación has reached an agreement with the well-known private equity management company Kingdom Zephyr Africa Management whereby the latter will purchase 11.6% of Mixta Africa via its PAIP II (Pan African Investment Partners II Ltd.) fund. The transaction is worth 25 million euros. Following this operation, Renta Corporación’s shareholding in Mixta Africa stands at 3.1%.

The operation is part of the plan adopted by Renta Corporación when it started trading in the stock market in April 2006, when it announced its goal of gradually reducing its holding in Mixta Africa as this business progressed. “We have carefully chosen the right moment to conclude such a large operation as this", said Renta Corporación's Vice-Chairman and Managing Director of Operations, adding that "this operation is the right move not just because it allows a highly respected international investor to become a shareholder of Mixta Africa, but also because it provides Renta Corporación with liquidity in the current complex market situation”. The sale has earned Renta Corporación a net profit of approximately 13.5 million euros.

In line with the criteria for generating value and maximising liquidity announced in the strategic plan at the beginning of this year, this operation contributes positively to the Group’s profit while at the same time strengthening its financial situation, both of which are remarkable achievements in the current market context.

Additional Information

Renta Corporación.- Founded in 1991, Renta Corporación is an international property group specialising in the transformation of real estate assets for later sale. The key to its business model is precisely the transformation of the physical, legal or rental situation of the assets in a process which adds value to the property so that it may be profitably exploited by the investor in the short, medium or long term. The company has been quoted on the Spanish stock exchange since April 2006. Renta Corporación is present in major international markets in Europe – in Barcelona, Berlin, London, Madrid and Paris – and the USA, in New York, and owns assets in the prime zones of each of these cities. Since 2000, Renta Corporación have acquired over 270 properties, with a total investment of over 2.5 billion euros.
For more information see www.rentacorporacion.com.

Kingdom Zephyr Africa Management.- Kingdom Zephyr Africa Management is a joint venture between Zephyr Management, L.P., the New York based investment management firm, and Kingdom Holding Company, the investment holding company headed by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia. A veteran in the pan-African private equity industry, Kingdom Zephyr has been investing in African private equity since the mid-1990s. With offices in Accra, Johannesburg, London and New York, Kingdom Zephyr manages the Pan-African Investment Partners (PAIP) Funds with approximately US $450 million in committed capital.
For more information see www.zephyrmanagement.com

Barcelona, 30 September of 2008 .

For further information:
Renta Corporación: Teresa Lloret. Tel. (+34) 600 501 732. comunicacion@rentacorporacion.com

Kingdom Zephyr: Nathan Mintah. nam@zmlp.com