17 July 2006: ENVIRONMENTAL POLICY

MERCAMADRID, S.A. has examined the company\rquote s actual environmental situation and has decided to develop and implement an Environmental Management System pursuant to Rule UNE-EN ISO 14001, in order to improve the environmental quality of its activities.

For this reason, MERCAMADRID, S.A. has included the following environmental criteria in its general policy, in relation to the development of its activities:

1. To fulfil any applicable environmental regulations, as well as any other environmental requirements to which MERCAMADRID, S.A. is subject.

2. To take environmental matters into account when making any business decision involving new projects, the purchase of products, services and use of resources, in order to avoid any potential pollution derived from MERCAMADRID, S.A.\rquote s activities.

3. To materialise this Environmental Policy by approving objectives aimed at fulfilling the criteria established therein, planning activities and providing the necessary resources and support to execute the same.

4. To periodically review the Environmental Management System, in order to adjust it to changing circumstances and to ensure that it effectively ensures MERCAMADRID, S.A.\rquote s constant improvement in environmental matters.

5. To provide information and enable the participation of any interested persons, ensuring that the adequate channels exist to be informed of any internal and external environmental concerns.

6. To broadcast MERCAMADRID, S.A.\rquote s Environmental Policy.

7. To establish the necessary training to enable the staff to act correctly in environmental matters, in order to act as the catalysers of MERCAMADRID, S.A.\rquote s Environmental Policy in the Industrial Food Estate.

8. To provide information, encourage and enable compliance with environmental regulations by those individuals and companies who carry out business and production activities in MERCAMADRID, S.A.\rquote s Industrial Food Estate.

9. Training is guaranteed for the entire staff in order to obtain the required level of knowledge, thereby gaining user confidence, as required by an economic space of this kind.