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General Shareholders’ Meeting

Barcelona, January 4, 2006 – At a meeting held on December 27, 2005, the Board of Directors of Renta Corporación Real Estate, S.A. (the Company) agreed to forward a proposal to the next General Shareholders’ Meeting, which is scheduled to be held on February 9, 2006, that all shares representing the Company’s share capital be listed on the Madrid and Barcelona stock exchanges.

The move would follow an Initial Public Offering (“the Offer”) of shares to any company shareholders who wish to accept and a simultaneous Public Offer for Subscription of new shares within the scope of a capital increase.

The company has entrusted Morgan Stanley with the overall planning and coordination of the Offer.

At the same meeting, the company’s Board of Directors also agreed to propose to the General Shareholders’ Meeting the payment of an interim dividend of 0.46 euros per share.

Both the Offer and stock market flotation are subject to the approval of the General Shareholders’ Meeting and to the verification and registration of the obligatory prospectus by the Spanish Securities and Investment Board.

 

NOTE

This document is a press release and not a prospectus. Investors should not therefore acquire or apply for any shares or other securities mentioned herein without having previously consulted the information contained within the official prospectus relating to the flotation of company shares on the Madrid and Barcelona stock exchanges, which will be published by the company in due course.

Copies of the prospectus will be available at the registered offices of the Company once they have been published. This document should not in any way be construed as an offer or invitation to treat, nor does it represent an offer to buy or subscribed to shares in the Company. Likewise, the contents of this document and the fact that it has been distributed must not be used as, or form the basis for, any kind of contract or decision to invest and do not constitute any recommendation as regards the securities of the Company.

This communication is intended solely for people living outside the United Kingdom and may not be used by anybody living within that country.

The Offer is not subject to registration in any other country besides Spain, this without prejudice to the standard international documents used to make qualified investors living outside Spain aware of the Offer. In particular, it is duly stated that the shares contemplated by this Offer have not been and will not be registered under the United States Securities Act 1933 (the U.S. Securities Act), nor have they been approved or rejected by either the Securities and Exchange Commission or any other competent authority of the United States of America. As a result, the shares may not be offered or sold in the United States unless they are registered beforehand under the U.S. Securities Act or fall within one of the Act’s exemptions.

Lastly, neither this document nor any copy thereof may be taken or transmitted to the United States of America, Canada, Australia or Japan nor may they be distributed, either directly or indirectly, in the United States of America, Canada, Australia or Japan or given to residents of any of these countries. 

 



For more information:
www.rentacorporacion.com

María Cura / Tina Díaz. Telf +34 93 217 22 17
adiaz@llorenteycuenca.com