4.2.7.2. Section G2

G2) SHARES AND PARTICIPATIONS IN THE SHARE CAPITAL OR OWN FUNDS OF ANY OTHER LEGAL ENTITIES, TRADED ON ORGANIZED MARKETS (art. 15 Law 19/91)

This section shall include shares and interests in the share capital or equity of any legal entities traded on organised markets, except those corresponding to Collective Investment Institutions.

EVALUATION RULES

These shares and interests will be computed at the average market value of the fourth quarter of each year.

For these purposes, the Ministry of Economy and Finance publishes annually the list of securities traded on the Stock Exchange, with their average trading or settlement values corresponding to the fourth quarter.

Subscription of new shares not yet admitted to trading

In the case of the subscription of new shares, not yet admitted to official listing, issued by legal entities listed on organised markets, the value of these shares will be taken as the last trading value of the old securities within the subscription period.

Capital increases pending disbursement

In the case of capital increases pending disbursement, the valuation of the shares will be made in accordance with the previous rules, as if they were fully paid up, including the portion pending disbursement as debt of the taxpayer.