The General Shareholders’ Meeting is the Company’s supreme decision-making body on issues within its area of responsibility and it represents all shareholders. Its resolutions are binding on all shareholders. All shareholders who hold at least ten shares are entitled to attend General Shareholders’ Meetings.

In line with the provisions of the Spanish Act of July 17, 2003, which strengthened the transparency of listed companies, Ercros drew up Bylaws of the General Shareholders’ Meeting, which were approved by the General Shareholders’ Meeting of June 18, 2004 and registered with the Barcelona Trade Registry on October 1 (no. 839). These Bylaws are based on the Company’s Articles of Association and on how Ercros General Shareholders’ Meetings have traditionally been run. It similarly strengthened the exercise of shareholders’ right to information and enables the granting of voting proxies and distance voting providing shareholders with the option of exercising their voting rights in the Company via electronic means of communication and telecommunications.