4.2.7.2. Section G2

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

This heading will include shares and participations in the share capital or own funds of any legal entities traded on organized markets, except those corresponding to Collective Investment Institutions.

VALUATION RULES

These shares and participations will be computed by the average trading 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

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

Capital increases pending disbursement

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