Ercros reports on the beginning of the capital reduction process

Barcelona, July 18, 2017. - Pursuant to article 228 of Royal Decree 4/2015 of October 23, approving the consolidated text of the Securities Market Law, Ercros, S.A. (hereinafter "Ercros" or "the Company"), and in relation to the relevant event no. 244,657 of November 11, 2016 and No. 250,058 of March 28, 2017, hereby announces the following:

RELEVANT EVENT

At its meeting held on July 17, 2017, the board of directors of Ercros has agreed to execute the reduction of the share capital by means of the amortization of own shares, approved in the second item of the ordinary general shareholders’ meeting held on June 23, 2017.

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Ercros guarantees that the relevant events that appear on this website correspond exactly to those sent to the CNMV by the company and disseminated by that organisation. The relevant events preceding those included in this section are available on the website of the CNMV.

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